<SEC-DOCUMENT>0001829126-22-016146.txt : 20220824
<SEC-HEADER>0001829126-22-016146.hdr.sgml : 20220824
<ACCEPTANCE-DATETIME>20220824173132
ACCESSION NUMBER:		0001829126-22-016146
CONFORMED SUBMISSION TYPE:	S-1/A
PUBLIC DOCUMENT COUNT:		9
FILED AS OF DATE:		20220824
DATE AS OF CHANGE:		20220824

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Nexalin Technology, Inc.
		CENTRAL INDEX KEY:			0001527352
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				275566468
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-1/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-261989
		FILM NUMBER:		221192408

	BUSINESS ADDRESS:	
		STREET 1:		26072 MERIT CIRCLE, SUITE 106
		CITY:			LAGUNA NIGUEL
		STATE:			CA
		ZIP:			92653
		BUSINESS PHONE:		949-260-8090

	MAIL ADDRESS:	
		STREET 1:		26072 MERIT CIRCLE, SUITE 106
		CITY:			LAGUNA NIGUEL
		STATE:			CA
		ZIP:			92653
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-1/A
<SEQUENCE>1
<FILENAME>nexalin_s1a6.htm
<DESCRIPTION>S-1/A
<TEXT>
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<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">As
filed with the Securities and Exchange Commission on </FONT><FONT STYLE="font-style: normal; font-weight: bold">August</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold">
</FONT></FONT><FONT STYLE="font-style: normal; font-weight: bold">24</FONT><FONT STYLE="font-style: normal; font-weight: bold">, 2022</FONT>
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 2pt; text-align: right; margin-top: 2pt"><FONT STYLE="font-style: normal; font-weight: bold">Registration
No.&nbsp;333</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold">-261989</FONT></FONT></P>

<DIV STYLE="border-style: none; padding: 0in 0in 4pt; border-bottom-style: double; border-bottom-width: 6pt; margin-left: 0in; margin-right: 0pt"></DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; text-align: center; margin-top: 4pt"><FONT STYLE="font-style: normal; font-weight: bold">
UNITED STATES</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">SECURITIES
AND EXCHANGE COMMISSION</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Washington,
D.C. 20549</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 0pt; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">____________________</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; text-align: center; margin-top: 4pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">AMENDMENT
NO. </FONT><FONT STYLE="font-style: normal; font-weight: bold">7</FONT><FONT STYLE="font-style: normal; font-weight: bold"> TO <BR>FORM
S</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold">-1</FONT></FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">REGISTRATION
STATEMENT</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">UNDER
THE SECURITIES ACT OF 1933</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 0pt; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">____________________</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 16pt">Nexalin
Technology, Inc.</FONT><FONT STYLE="font-size: 16pt"> </FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt">(Exact
name of registrant as specified in its charter) </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 2pt; margin-top: 2pt"><FONT STYLE="font-style: normal; font-weight: bold">____________________</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 32.22%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 10pt">Delaware</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 32.22%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 10pt">3845</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 33.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 10pt">27-5566468</FONT><FONT STYLE="font-size: 10pt">
        </FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 32.22%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center">(State
        or other jurisdiction of <BR>incorporation or organization)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 32.22%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center">(Primary
        Standard Industrial <BR>Classification Code Number)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 33.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center">(I.R.S.
        Employer <BR>Identification No.) </P> </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; text-align: center; margin-top: 4pt"><FONT STYLE="font-style: normal; font-weight: bold">1776
Yorktown, Suite 550</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Houston,
TX 77056</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">(713)
660</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold">-1100</FONT></FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt">(Address,&nbsp;including&nbsp;zip&nbsp;code,&nbsp;and&nbsp;telephone&nbsp;number,&nbsp;including&nbsp;area&nbsp;code,&nbsp;of&nbsp;registrant&rsquo;s&nbsp;principal&nbsp;executive&nbsp;offices)
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 0pt; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">____________________</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 3pt; text-align: center; margin-top: 3pt"><FONT STYLE="font-style: normal; font-weight: bold">Mark
White</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Chief
Executive Officer</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Nexalin
Technology, Inc.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">1776
Yorktown, Suite 550</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Houston,
TX 77056</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">(713)
660</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold">-1100</FONT></FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt">(Name,
address, including zip code, and telephone number, including area code, of agent for service) </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 0pt; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">____________________</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 2pt; text-align: center; margin-top: 2pt"><FONT STYLE="font-style: italic; font-weight: bold">Copies
to:</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 48.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Martin
        S. Siegel, Esq. <BR></FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Warshaw Burstein, LLP<BR>575 Lexington
        Avenue<BR>New&nbsp;York, NY 10022<BR>Telephone: (212) 984</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">-7741</FONT></FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 50%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Andrew
        M. Tucker, Esq. </FONT></P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Nelson
        Mullins Riley&nbsp;&amp; Scarborough LLP </FONT></P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">101
        Constitution Avenue NW, Suite 900 </FONT></P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Washington,
        D.C. 20001 </FONT></P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Telephone:
        (202) 689</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">-2987</FONT></FONT><FONT STYLE="font-size: 9pt">
        </FONT></P> </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">____________________</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Approximate
date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.</FONT><FONT STYLE="font-size: 9pt">
</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-size: 9pt">If
any of the securities being registered on this Form&nbsp;are to be offered on a delayed or continuous basis pursuant to Rule&nbsp;415
under the Securities Act of 1933, check the following box.&nbsp;</FONT>&#9744;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-size: 9pt">If
this Form&nbsp;is filed to register additional securities for an offering pursuant to Rule&nbsp;462(b) under the Securities Act, check
the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same
offering.&nbsp;</FONT>&#9744;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-size: 9pt">If
this Form&nbsp;is a post</FONT><FONT STYLE="font-size: 9pt">-effective</FONT><FONT STYLE="font-size: 9pt"> amendment filed pursuant to
Rule&nbsp;462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering.&nbsp;</FONT>&#9744;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-size: 9pt">If
this Form&nbsp;is a post</FONT><FONT STYLE="font-size: 9pt">-effective</FONT><FONT STYLE="font-size: 9pt"> amendment filed pursuant to
Rule&nbsp;462(d) under the Securities Act, check the following box and list the Securities Act registration number of the earlier effective
registration statement for the same offering.&nbsp;</FONT>&#9744;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-size: 9pt">Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non</FONT><FONT STYLE="font-size: 9pt">-accelerated</FONT><FONT STYLE="font-size: 9pt">
filer, a smaller reporting company or an emerging growth company. </FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-size: 9pt">See
the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company,&rdquo; and
&ldquo;emerging growth company&rdquo; in Rule&nbsp;12b</FONT><FONT STYLE="font-size: 9pt">-2</FONT><FONT STYLE="font-size: 9pt"> of the
Exchange Act. </FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 26.57%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Large
        accelerated filer</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 22.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">&#9744;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 26.98%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Accelerated
        filer</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 20.3%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">&#9744;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 26.57%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Non</FONT><FONT STYLE="font-size: 10pt">-accelerated</FONT><FONT STYLE="font-size: 10pt">
        filer</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 22.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font: normal 10pt Wingdings 2, sans-serif">T</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 26.98%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Smaller
        reporting company</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 20.3%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font: normal 10pt Wingdings 2, sans-serif">T</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 26.57%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 22.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 26.98%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-size: 10pt">Emerging
        growth company</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 20.3%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font: normal 10pt Wingdings 2, sans-serif">T</FONT></P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-size: 9pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided to Section&nbsp;7(a)(2)(B) of the Securities Act. </FONT><FONT STYLE="font: normal 10pt Wingdings 2, sans-serif">T</FONT><FONT STYLE="font-size: 9pt">
</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 4pt; margin-top: 4pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">The
registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant
shall file a further amendment that specifically states that this registration statement shall thereafter become effective in accordance
with Section&nbsp;8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date
as the Commission, acting pursuant to said Section&nbsp;8(a), may determine.</FONT><FONT STYLE="font-size: 9pt"> </FONT></P>

<DIV STYLE="border-style: none; padding: 0in 0in 4pt; border-bottom-style: double; border-bottom-width: 6pt; margin-left: 0in; margin-right: 0pt"></DIV>
</DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">&nbsp;</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: justify; margin-top: 9pt"><FONT STYLE="color: #d2232a; font-size: 8pt">The
information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed
with the Securities and Exchange Commission is declared effective. This prospectus is not an offer to sell these securities and we are
not soliciting offers to buy these securities in any jurisdiction where the offer or sale is not permitted. </FONT></P> </DIV>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt"> <FONT STYLE="color: #d2232a"></FONT><FONT STYLE="color: #d2232a">SUBJECT
TO COMPLETION, DATED </FONT><FONT STYLE="color: #d2232a">AUGUST</FONT><FONT STYLE="color: #d2232a"> </FONT><FONT STYLE="color: #d2232a">24</FONT><FONT STYLE="color: #d2232a">,
2022</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; text-align: center; margin-top: 0pt"><FONT STYLE="font-size: 12pt; font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 2pt; text-align: center; margin-top: 2pt"><FONT STYLE="font-size: 14pt; font-style: normal; font-weight: bold"><IMG ALT="" SRC="nexalin_logo.jpg" STYLE="height: 42.24px; width: 144.64px; max-width: 100%"></FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 2pt; text-align: center; margin-top: 2pt"><FONT STYLE="font-style: normal; font-weight: bold">1,500,000
Units</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 1pt; margin-top: 1pt"><FONT STYLE="font-style: normal; font-weight: bold">____________________</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 3pt; margin-top: 3pt"><FONT STYLE="font-size: 7pt">This
is a firm commitment initial public offering of our securities. We are offering 1,500,000 units at an anticipate offering price of between
$6.00 and $7.00 per unit. Each unit is comprised of one share of our common stock and a redeemable warrant to acquire one share of common
stock. Each warrant entitles the holder to purchase one share of common stock at a price equal to [115%] of the offering price of the
units, subject to adjustment as described elsewhere in this prospectus. </FONT><FONT STYLE="font-size: 7pt">Each warrant is immediately
exercisable for a period of three (3) years or earlier upon redemption. Prior to this offering, there has been no public market for our
securities. </FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 2pt; margin-top: 2pt"><FONT STYLE="font-size: 7pt">The
offering price of the Units will be determined between us and Maxim Group LLC, the representative of the underwriters in connection with
this offering, taking into consideration our historical performance and capital structure, prevailing market conditions, our future and
intended business opportunities and potential market opportunities for our products and services. Therefore, the assumed public offering
price of the Units used throughout this prospectus of $6.00 may not be indicative of the actual public offering price for our Units. </FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"><FONT STYLE="font-size: 7pt">The
units have no stand</FONT><FONT STYLE="font-size: 7pt">-alone</FONT><FONT STYLE="font-size: 7pt"> rights and will not be certificated
or issued as stand</FONT><FONT STYLE="font-size: 7pt">-alone</FONT><FONT STYLE="font-size: 7pt"> securities. The shares of common stock
and the warrants comprising the units are immediately separable and will be issued separately in this offering but must be purchased together
as a unit. We have applied to list our shares of common stock and warrants on The Nasdaq Capital Market under the symbols, &ldquo;NXL&rdquo;
and &ldquo;NXLIW&rdquo;.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"><FONT STYLE="font-size: 7pt">We
are an &ldquo;emerging growth company&rdquo; under the federal securities laws and, as such, have elected to comply with certain reduced
public company reporting requirements for this prospectus and future filings. See the section titled &ldquo;Prospectus Summary &mdash;
Implications of Being an Emerging Growth Company and a Smaller Reporting Company.&rdquo; </FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 7pt">Investing
in our securities involves a high degree of risk. Before buying any shares, you should carefully read the discussion of the material risks
of investing in our securities under the heading &ldquo;Risk Factors&rdquo; beginning on page 16 of this prospectus.</FONT><FONT STYLE="font-size: 7pt">
</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 7pt">Neither
the Securities and Exchange Commission, any state securities commission, nor any other regulatory body has approved or disapproved of
these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.</FONT><FONT STYLE="font-size: 7pt">
</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"> <FONT STYLE="font-size: 7pt"></FONT><FONT STYLE="font-size: 7pt">Our
company is headquartered in Houston, Texas. In September&nbsp;2018, we entered into an agreement with Wider Come Limited, a company formed
under the laws of the People&rsquo;s Republic of China (&ldquo;Wider&rdquo;), pursuant to which we and Wider have agreed to form a joint
venture entity to be domiciled in Hong&nbsp;Kong (the &ldquo;</FONT><FONT STYLE="font-size: 7pt">potential Joint Venture</FONT><FONT STYLE="font-size: 7pt">&rdquo;)
to conduct a portion of our clinical research and implement a business distribution plan for our devices in China, Macau, Hong&nbsp;Kong,
and Taiwan. We do not have any operations in China other than those which will be conducted through the </FONT><FONT STYLE="font-size: 7pt">potential
Joint Venture</FONT><FONT STYLE="font-size: 7pt"> when it is formed, as more fully detailed herein. As of the date of this prospectus,
(i)&nbsp;our operations are carried on outside of China; and (ii)&nbsp;the </FONT><FONT STYLE="font-size: 7pt">potential Joint Venture</FONT><FONT STYLE="font-size: 7pt">
does not maintain any variable interest entity structure or operate any data center in China. However, as a result of the intended formation
of the </FONT><FONT STYLE="font-size: 7pt">potential Joint Venture</FONT><FONT STYLE="font-size: 7pt">, we may become subject to laws
of The People&rsquo;s Republic of China (PRC or China) relating to, among other topics, data security and restrictions over foreign investments.
Further, as a result of the complexity and vagaries of the legal system in the PRC and recent statements and regulatory actions by the
PRC government relating to data security, our ability to operate the </FONT><FONT STYLE="font-size: 7pt">potential </FONT><FONT STYLE="font-size: 7pt">Joint
Venture may be adversely affected or subject to change and adversely impact our ability to offer or continue to offer securities to investors,
with the result that our securities may significantly decline or be worthless. We have not obtained the approval from either the China
Securities Regulatory Commission (the &ldquo;CSRC&rdquo;) or the Cyberspace Administration of China (the &ldquo;CAC&rdquo;) for any offering
we may make under this prospectus, and we do not intend to obtain the approval from either the CSRC or the CAC in connection with any
such offering, since we do not believe that such approval is required under these circumstances or at the present time. There can be no
assurance, however, that regulators in China will not take a contrary view or will not subsequently require us to undergo the approval
procedures and subject us to penalties for non</FONT><FONT STYLE="font-size: 7pt">-compliance</FONT><FONT STYLE="font-size: 7pt">. </FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"> <FONT STYLE="font-size: 7pt"></FONT><FONT STYLE="font-size: 7pt">When
</FONT><FONT STYLE="font-size: 7pt">and if </FONT><FONT STYLE="font-size: 7pt">the </FONT><FONT STYLE="font-size: 7pt">Joint Venture</FONT><FONT STYLE="font-size: 7pt">
is formed and Wider completes sales of our devices in China on behalf of the </FONT><FONT STYLE="font-size: 7pt">potential Joint Venture</FONT><FONT STYLE="font-size: 7pt">,
we believe that there are no regulatory or other restrictions that would restrict either (i)&nbsp;the transfer from China of any proceeds
resulting from such sales by Wider to the </FONT><FONT STYLE="font-size: 7pt">potential Joint Venture</FONT><FONT STYLE="font-size: 7pt">
in Hong&nbsp;Kong, other than standard compliance with China&rsquo;s State Administration of Foreign Exchange (&ldquo;SAFE&rdquo;) policies
and approval process, as further detailed on page 5 and elsewhere in this prospectus, or (ii)&nbsp;our receipt of our share of such proceeds
from Hong&nbsp;Kong to us in the United&nbsp;States, which is not subject to SAFE&rsquo;s policies and approval process. The Company does
not currently believe any of the Company&rsquo;s scientific data resulting from activities in China by the </FONT><FONT STYLE="font-size: 7pt">potential
Joint Venture</FONT><FONT STYLE="font-size: 7pt"> would come fall within the Measures for the Management of Scientific Data promulgated
by the General Office of the PRC State Council. We expect to consummate the formation of the </FONT><FONT STYLE="font-size: 7pt">potential
Joint Venture</FONT><FONT STYLE="font-size: 7pt"> </FONT><FONT STYLE="font-size: 7pt">by the </FONT><FONT STYLE="font-size: 7pt">third
quarter of 202</FONT><FONT STYLE="font-size: 7pt">3</FONT><FONT STYLE="font-size: 7pt">. In the event any existing or new laws or regulations
or detailed implementations and interpretations are modified or promulgated, we and the </FONT><FONT STYLE="font-size: 7pt">potential
Joint Venture</FONT><FONT STYLE="font-size: 7pt"> will take all actions to remain in compliance with any such laws or regulations or detailed
implementations and interpretations thereof.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"> <FONT STYLE="font-size: 7pt"></FONT><FONT STYLE="font-size: 7pt">In
the first quarter of 2022, we had sales of our Gen </FONT><FONT STYLE="font-size: 7pt">-2</FONT><FONT STYLE="font-size: 7pt"> devices
in China which we accomplished through Wider which acted as a distributor of these devices. Our Gen</FONT><FONT STYLE="font-size: 7pt">-2</FONT><FONT STYLE="font-size: 7pt">
devices have been approved for sales and marketing in China by the China National Medical Products Administration (NMPA), the equivalent
of the United States FDA, for the treatment of insomnia and depression. Wider has agreed to act as a distributor on a limited basis until
the </FONT><FONT STYLE="font-size: 7pt">potential Joint Venture</FONT><FONT STYLE="font-size: 7pt"> is established.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"> <FONT STYLE="font-size: 7pt"></FONT><FONT STYLE="font-size: 7pt">Recent
statements and regulatory actions by the Chinese government have targeted those companies whose operations involves cross</FONT><FONT STYLE="font-size: 7pt">-border</FONT><FONT STYLE="font-size: 7pt">
data security or anti</FONT><FONT STYLE="font-size: 7pt">-monopoly</FONT><FONT STYLE="font-size: 7pt"> concerns. With regard to data security,
China has promulgated several important laws recently. Among them, on June</FONT><FONT STYLE="font-size: 7pt"> </FONT><FONT STYLE="font-size: 7pt">10,
2021, China promulgated the PRC Data Security Law (&ldquo;DSL&rdquo;), which became effective on September</FONT><FONT STYLE="font-size: 7pt">
</FONT><FONT STYLE="font-size: 7pt">1, 2021. The legislative intent for this law mainly includes regulating data processing activities,
ensuring data security, promoting data development and utilization, protecting the data related legitimate rights and interests of individuals
and organizations, and safeguarding national sovereignty, security and development interests. Article 36 provides that any Chinese entity
that provides the data to foreign judicial or law enforcement agencies (regardless of whether directly or through a foreign entity) without
approval from the Chinese authority would likely be deemed to be in violation of DSL. In addition, pursuant to Article 2 of Measures for
Cybersecurity Reviews, the procurement of any network product or service by an operator of critical information infrastructure that affects
or may affect national security shall be subjected to a cybersecurity review under the Measures. Pursuant to Article 35 of Cybersecurity
Law of the People&rsquo;s Republic of China, where &ldquo;critical information infrastructure operators&rdquo; purchase network products
and services, which may influence national security, the operators are required to be subjected to a cybersecurity review. We do not operate
any critical information infrastructure. As a result, we do not believe that these new legal requirements in China are applicable to us,
including sales made to date by Wider as a distributor. However, the exact scope of the term &ldquo;critical information infrastructure
operator&rdquo; remains unclear, so there can be no assurance that the </FONT><FONT STYLE="font-size: 7pt">potential Joint Venture</FONT><FONT STYLE="font-size: 7pt">
when formed will not be subjected to critical information infrastructure operator review in the future. Furthermore, in the event that
the </FONT><FONT STYLE="font-size: 7pt">potential Joint Venture</FONT><FONT STYLE="font-size: 7pt"> becomes an operator of critical information
infrastructure in the future it may be subjected to the above</FONT><FONT STYLE="font-size: 7pt">-described</FONT><FONT STYLE="font-size: 7pt">
regulation. </FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"> <FONT STYLE="font-size: 7pt"></FONT><FONT STYLE="font-size: 7pt">With
regard to anti</FONT><FONT STYLE="font-size: 7pt">-monopoly</FONT><FONT STYLE="font-size: 7pt"> concerns, Article 3 of Anti</FONT><FONT STYLE="font-size: 7pt">-Monopoly</FONT><FONT STYLE="font-size: 7pt">
Law of the People&rsquo;s Republic of China prohibits &ldquo;monopolistic practices,&rdquo; which include: a) the conclusion of monopoly
agreements between operators; b) the abuse of dominant market position by operators; c) concentration of undertakings which has or may
have the effect of eliminating or restricting market competition. Also, according to Article</FONT><FONT STYLE="font-size: 7pt"> </FONT><FONT STYLE="font-size: 7pt">19,
the operator(s) will be assumed to have a dominant market position if it has following situation: a) an operator has 50% or higher market
share in a relevant market; b) two operators have 66% or higher market share in a relevant market; c) three operators have 75% or higher
market share in a relevant market. We believe that we have not conducted any monopolistic practices in China, and that recent statements
and regulatory actions by the Chinese government do not impact our ability to conduct business, accept foreign investments, or list on
a U.S. or other foreign stock exchange. However, there can be no assurance that regulators in China will not promulgate new laws and regulations
or adopt new series of interpretations or regulatory actions which may require the </FONT><FONT STYLE="font-size: 7pt">potential Joint
Venture</FONT><FONT STYLE="font-size: 7pt"> to meet new requirements on the issues mentioned above. </FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"> <FONT STYLE="font-size: 7pt"></FONT><FONT STYLE="font-size: 7pt">Currently,
these statements and regulatory actions of China authorities have had no impact on our daily business operation, including the sales and
marketing efforts made to date of our Gen</FONT><FONT STYLE="font-size: 7pt">-2</FONT><FONT STYLE="font-size: 7pt"> devices in China through
Wider. We do not believe that these statements and regulatory actions will have any impact on the </FONT><FONT STYLE="font-size: 7pt">potential
Joint Venture</FONT><FONT STYLE="font-size: 7pt"> when it is formed. Further, we are a United States&rsquo; company with no physical presence
in China, and we do not believe that the formation of the </FONT><FONT STYLE="font-size: 7pt">potential </FONT><FONT STYLE="font-size: 7pt">Joint
Venture in Hong Kong and any resultant exposure to China regulatory actions will adversely impact our ability to accept foreign investments
or list our securities on a United States or other foreign exchange. However, since these statements and regulatory actions from China
authorities are relatively recent, it is highly uncertain how soon legislative or administrative regulation making bodies will respond
and what existing or new laws or regulations or detailed implementations and interpretations will be modified or promulgated, if any,
and the potential impact such modified or new laws and regulations will have on our daily business operation, the ability to accept foreign
investments and list our securities on a United States or other foreign exchange. In the event any existing or new laws or regulations
or detailed implementations and interpretations are modified or promulgated, we and the </FONT><FONT STYLE="font-size: 7pt">potential
Joint Venture</FONT><FONT STYLE="font-size: 7pt"> will take any and all actions to remain in compliance with any such laws or regulations
or detailed implementations and interpretations thereof. See &ldquo;Risk Factors &mdash; Risks Related to Doing Business in China.&rdquo;
</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1.3pt"><FONT STYLE="font-size: 7pt">The
following table sets forth the expected proceeds from this offering, assuming an offering price at the minimum of the proposed price range
of the units: </FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0 3pt">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 72.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.15%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 12.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 7pt">Per
        Unit</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.15%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 13.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 7pt">Total</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 72.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-size: 7pt">Public
        offering price</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.15%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.53%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-size: 7pt">6.00</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.15%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.53%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 11.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-size: 7pt">9,000,000</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 72.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-size: 7pt">Underwriting
        discounts and commissions</FONT><FONT STYLE="vertical-align: super; font-size: 4pt">(1)</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.15%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.53%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-size: 7pt">0.48</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.15%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.53%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 11.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-size: 7pt">720,000</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 72.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-size: 7pt">Proceeds,
        before expenses, to us</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.15%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.53%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-size: 7pt">5.52</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.15%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.53%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"><FONT STYLE="font-size: 7pt">$</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 11.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-size: 7pt">8,280,000</FONT></P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-style: none; margin: 0in 0in -5pt 24pt; font: 9pt Times New Roman, Times; padding: 0in; text-align: justify; text-justify: inter-ideograph; text-indent: -24pt; color: black">____________</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 10pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 7pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See
&ldquo;Underwriting&rdquo; beginning on page 130 of this prospectus for additional information regarding the compensation payable to the
underwriters.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; margin-top: 1pt"><FONT STYLE="font-size: 7pt">We
have granted the underwriters a 45</FONT><FONT STYLE="font-size: 7pt">-day</FONT><FONT STYLE="font-size: 7pt"> option to purchase up to
225,000 additional units from us to cover over- allotments at the initial public offering price, less the underwriting discounts and commissions.
If the underwriters exercise the option in full, the total underwriting discounts and commissions payable by us will be $828,000 and the
total proceeds to us, before expenses, will be $9,522,000.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 3pt; margin-top: 3pt"> <FONT STYLE="font-size: 7pt"></FONT><FONT STYLE="font-size: 7pt">The
underwriters are offering the units on a firm commitment basis. Maxim Group LLC, acting as the representative of the underwriters, expects
to deliver the securities on or about </FONT><FONT STYLE="font-size: 7pt">September</FONT><FONT STYLE="font-size: 7pt"> [&bull;], 2022.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 3pt; text-align: center; margin-top: 3pt"><FONT STYLE="font-style: italic; font-weight: normal; font-size: 8pt">Sole
Book</FONT><FONT><FONT STYLE="font-style: italic; font-weight: normal; font-size: 8pt">-Running</FONT></FONT><FONT STYLE="font-style: italic; font-weight: normal; font-size: 8pt">
Manager</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 1pt; text-align: center; margin-top: 1pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 12pt">Maxim
Group LLC</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 2pt; text-align: center; margin-top: 2pt"> <FONT STYLE="font-size: 8pt"></FONT><FONT STYLE="font-size: 8pt">The
date of this prospectus is </FONT><FONT STYLE="font-size: 8pt">August</FONT><FONT STYLE="font-size: 8pt"> </FONT><FONT STYLE="font-size: 8pt">24</FONT><FONT STYLE="font-size: 8pt">,
2022</FONT> </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">&nbsp;</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">TABLE
OF CONTENTS</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Page</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T01">ABOUT
        THIS PROSPECTUS</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">1</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T02">PROSPECTUS
        SUMMARY</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">2</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T03">RISK
        FACTORS</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">16</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T04">SPECIAL
        NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">50</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T05">USE
        OF PROCEEDS</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">52</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T06">DIVIDEND
        POLICY</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">54</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T07">CORPORATE
        REORGANIZATION</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">55</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T08">CAPITALIZATION</A></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">56</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T09">DILUTION</A></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">57</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T10">MANAGEMENT&rsquo;S
        DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">59</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T11">BUSINESS</A></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">73</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T12">MANAGEMENT</A></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">100</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T13">EXECUTIVE
        AND DIRECTOR COMPENSATION</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">108</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T14">CERTAIN
        RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">111</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T15">SECURITY
        OWNERSHIP OF CERTAIN BENEFICIAL OWENRS AND MANAGEMENT</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">115</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T16">DESCRIPTION
        OF CAPITAL STOCK</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">116</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T17">SHARES
        ELIGIBLE FOR FUTURE SALE</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">122</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T18">MATERIAL
        U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS OF COMMON STOCK</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">124</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T19">UNDERWRITING</A></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">130</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T20">LEGAL
        MATTERS</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">136</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T21">EXPERTS</A></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">136</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T22">WHERE
        YOU CAN FIND ADDITIONAL INFORMATION</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">136</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 90.6%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T23">INDEX
        TO CONSOLIDATED FINANCIAL STATEMENTS</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: center">F-1</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Neither
we nor the underwriters have authorized anyone to provide you with information that is different from, or in addition to, that contained
in this prospectus, any amendment or supplement to this perspective or any free writing prospectus prepared by or on behalf of us or to
which we have referred you, and neither we nor the underwriters take responsibility for, and can provide no assurances as to the reliability
of, any other information others may give you. We are offering to sell, and seeking offers to buy, our securities only in jurisdictions
where such offers and sales are permitted. The information in this prospectus or in any free writing prospectus is accurate only as of
its date, regardless of its time of delivery or the time of any sale of our securities. Our business, financial condition, results of
operations and future growth prospects may have changed since that date.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">For
investors outside of the United&nbsp;States</FONT>:&nbsp;&nbsp;&nbsp;&nbsp;Neither we nor any of the underwriters have done anything that
would permit this offering or possession or distribution of this prospectus or any free writing prospectus we may provide to you in connection
with this offering in any jurisdiction where action for that purpose is required, other than in the United&nbsp;States. Persons outside
the United&nbsp;States who come into possession of this prospectus are required to inform themselves about, and to observe any restrictions
relating to, the offering of our securities and the distribution of this prospectus and any such free writing prospectus outside of the
United&nbsp;States.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black; text-indent: 0pt">i</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T01"></A><FONT STYLE="font-style: normal; font-weight: bold">ABOUT
THIS PROSPECTUS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
December<FONT> </FONT>1, 2021, we completed the corporate reorganization described under the section titled &ldquo;Corporate Reorganization,&rdquo;
pursuant to which Nexalin Technology, Inc., a Nevada corporation (&ldquo;Nexalin Nevada&rdquo;) merged with and into a newly incorporated
Delaware company of the same name, Nexalin Technology, Inc. (&ldquo;Nexalin,&rdquo; &ldquo;Nexalin Technology&rdquo; or &ldquo;Nexalin
Technology, Inc.&rdquo;) and, as a result, Nexalin succeeded Nexalin Nevada and our existing shareholders exchanged each of their shares
in Nexalin Nevada for one twentieth (1/20<FONT STYLE="vertical-align: super; font-size: 65%">th</FONT>) of a common share of the newly
formed Delaware corporation. Nexalin had nominal assets and liabilities and did not conduct any operations prior to the reorganization
other than its incorporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Unless
otherwise indicated or the context otherwise requires, all references in this prospectus to the terms &ldquo;Nexalin,&rdquo; &ldquo;Nexalin
Technology,&rdquo; &ldquo;the Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us&rdquo; and &ldquo;our&rdquo; refer to (i)&nbsp;Nexalin Nevada,
prior to the completion of the corporate reorganization discussed herein, and (ii)&nbsp;Nexalin Technology, Inc. as a Delaware corporation
after the completion of such corporate reorganization.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">References
in this prospectus to &ldquo;ordinary shares&rdquo; refer to the historic share capital of Nexalin Nevada prior to the completion of the
corporate reorganization. All references to &ldquo;common stock&rdquo; refer to the capital structure of Nexalin upon completion of the
corporate reorganization as a Delaware corporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Upon
this completion of the corporate reorganization on December<FONT> </FONT>1, 2021, the historical consolidated financial statements of
Nexalin Nevada became the historical consolidated financial statements of Nexalin (Delaware), the entity whose shares of common stock
are being sold in this offering, such historical financial data gives effect to the corporation reorganization. We believe that the corporate
reorganization will not have a material effect on our historical results of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Except
as otherwise indicated or the context otherwise requires, all information included in this prospectus is presented giving effect to the
corporate reorganization. See the section titled &ldquo;Corporate Reorganization&rdquo; for more information. Further, unless stated otherwise,
we have prepared this prospectus based upon the offering price of $6.00 per unit, which is the minimum of the range of offering price
of between $6.00 and $7.00.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have proprietary rights to a number of trademarks and tradenames used in this prospectus which are important to our business, including
Nexalin&reg; and the Nexalin logo. Solely for convenience, trademarks, service marks and tradenames referred to in this prospectus may
appear without the &reg;, TM or SM symbols, but such references are not intended to indicate, in any way, that we will not assert, to
the fullest extent under applicable law, our rights or the right of the applicable licensor to these trademarks, service marks and tradenames.
This prospectus may also contain trademarks, service marks, tradenames and copyrights of other companies, which are the property of their
respective owners.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">1</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T02"></A><FONT STYLE="font-style: normal; font-weight: bold">PROSPECTUS
SUMMARY</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">This
summary highlights information contained in greater detail elsewhere in this prospectus and does not contain </FONT><FONT STYLE="font-style: italic; font-weight: normal">all</FONT><FONT STYLE="font-style: italic; font-weight: normal">
the information that you should consider in making your investment decision. Before investing in our common stock, you should carefully
read this entire prospectus including the &ldquo;Risk Factors,&rdquo; &ldquo;Special Note Regarding Forward</FONT><FONT><FONT STYLE="font-style: italic; font-weight: normal">-Looking</FONT></FONT><FONT STYLE="font-style: italic; font-weight: normal">
Statements and Industry Data&rdquo; and &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations&rdquo;
and the financial statements and the notes to those financial statements in each case included in this prospectus.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Overview</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">We
design and develop innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic.
We developed an easy<FONT>-to-administer</FONT> medical device&nbsp;&mdash; referred to as Generation 1 or Gen<FONT>-1</FONT>&nbsp;&mdash;
that utilizes bioelectronic medical technology to treat anxiety and insomnia, without the need for drugs or psychotherapy. Our original
Gen<FONT>-1</FONT> devices are cranial electrotherapy stimulation (CES)&nbsp;devices that emit waveform at 4 milliamps during treatment
and are presently classified by the U.S. Food and Drug Administration (&ldquo;FDA&rdquo;) as a Class II device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> Medical
professionals in the United States have utilized the Gen<FONT>-1</FONT> device to administer to patients in clinical settings. While the
Gen<FONT>-1</FONT> device had been cleared by the FDA to treat depression, anxiety, and insomnia, three prevalent and serious diseases,
as a result of the FDA&rsquo;s December&nbsp;2019 reclassification of CES devices, the Gen<FONT>-1</FONT> device was reclassified as a
Class II device for the treatment of anxiety and insomnia. We are required to file a new application under Section&nbsp;510(k) of the
Federal Food, Drug and Cosmetic Act (&ldquo;510(k) Application&rdquo;) to be approved by the FDA for the sales and marketing of our devices
for the treatment of anxiety and insomnia. In the FDA&rsquo;s December&nbsp;2019 reclassification ruling, the treatment of depression
with our device will require a Class III device and require a new PMA (premarket approval) application to demonstrate safety and effectiveness.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> While
we continue providing services to medical professionals to support patients&rsquo; use of the Gen<FONT>-1</FONT> devices which were in
operation prior to December&nbsp;2019, we are not making new sales or new marketing efforts of Gen<FONT>-1</FONT> devices in the United&nbsp;States.
We continue to derive revenue from devices which we sold or leased prior to the FDA&rsquo;s December 2019 reclassification announcements.
This revenue consists of monthly licensing fees and payments for the sale of electrodes. We have suspended marketing efforts for new sales
of devices related to the Gen<FONT>-1</FONT> device for treatment of anxiety and insomnia in the United States until the Nexalin regulatory
team makes a decision on a new 510(k) application at 4 milliamps based on FDA comments expected to be received in December 2022. Our regulatory
team continues to inform the FDA of the suspension of the marketing and sale of the Gen<FONT>-1</FONT> products to new providers. We are
analyzing whether to proceed with an amended application with the FDA for Gen<FONT>-1</FONT> devices for the treatment of insomnia and
anxiety. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> We
have designed and developed new advanced waveform technology to be emitted at 15&nbsp;milliamps through our existing medical device improved
with a modern enclosure &mdash; referred to as Generation&nbsp;2 or Gen<FONT>-2</FONT> &mdash; which can penetrate deeper into the brain
and stimulate associated structures of mental illness, which we believe will generate enhanced patient response. The Nexalin regulatory
team has made a strategic decision to develop strategies for a new PMA application in the United States for the treatment of depression
with our new Gen<FONT>-2</FONT> device. Gen<FONT>-2</FONT> is presently being tested in pilot trials, for anxiety, insomnia, and depression
in the United&nbsp;States. It is our intention to design a new clinical trial strategy with our new Gen<FONT>-2</FONT> devices at 15 milliamps
for the treatment of major depressive disorder (MDD) in the United States. Preliminary data provided by the University of California San
Diego supports the safety of utilizing our waveform technology at an increased power; however, the determination of safety and efficacy
of medical devices in the United States is subject to clearance by the FDA. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> In
September 2018, we entered into an agreement with Wider Com Limited, a company formed under the laws of China (&ldquo;Wider&rdquo;), pursuant
to which we and Wider agreed to form a joint venture entity to be domiciled in Hong Kong (the &ldquo;potential Joint Venture&rdquo;).
The Joint Venture will be formed following the completion of certain funding, clinical study, and publication milestones, which Wider
has agreed to undertake as part of the joint venture arrangements but not yet completed. Following its formation, the Joint Venture will
design and implement a comprehensive business model and distribution plan for our devices in China, Hong Kong, Macau, and Taiwan and elsewhere
for greater distribution and additional treatment uses. We anticipate that the Joint Venture will be formed by the third quarter of 2023. </P>
</DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">2</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> In
March 2022, we entered into a second supplement to the Joint Venture agreement with Wider, whereby the parties confirmed that the potential
Joint Venture had not yet been established and is subject to further review and analysis of regulatory issues in China and the United
States, trade and political issues between the two countries and potential changes in the use and market for the Company&rsquo;s products
and technology. Pursuant to the second supplement, the parties agreed to use their commercial efforts to complete documentation by September<FONT>
</FONT>30, 2022. In light of general economic conditions in China and the United States, the continued impact of regulatory issues within
China and the United States and trade and political issues between the two counties, the parties determined to further extend the time
frame to complete establishment of the joint venture to September<FONT> </FONT>30, 2023 and entered into a supplement 3 to the potential
Joint Venture Agreement to memorialize such extension. The parties intend to continue to work together to complete the establishment prior
to such extended time. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> Further,
the parties agreed that all references within the Joint Venture agreements to funding and formation were amended from December<FONT> </FONT>21,
2018 to be September<FONT> </FONT>30, 2023. See &ldquo;Certain Relationships and Related Party Transactions &mdash; Joint Venture&rdquo;
at page 108. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> During
the first half of 2022, we sold Gen<FONT>-2</FONT> devices in China through Wider which agreed to act as a distributor on a limited basis
pursuant to a separate written agreement entered into in May 2019, pending formation of the potential Joint Venture. As a result, we recognized
revenue of approximately $624,000 during the first half of 2022. In conjunction with such revenue, during the first half of 2022, we incurred
costs of approximately $143,000 for cost of goods sold, delivery and labeling costs. In 2021, we incurred expenses relating to certain
development costs associated with these devices sold during the first half of 2022 which were recorded during 2021. The Company expects
that the $143,000 of costs attributed to the $624,000 sale in the first half of 2022 may not be indicative of our cost of sales in future
periods and that beginning in the second half of 2022 gross margins may decrease due to an increase in the costs of components, manufacturing,
delivery, sales and marketing. In addition, we derived approximately $9,700 revenue as a royalty fee from the China based manufacturer
of electrodes for electrodes ordered by Wider in connection with the distribution of our devices in China. The manufacturer is to pay
us a 20% royalty based upon its electrode sales price to Wider in connection with Wider&rsquo;s device distribution activities. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">In
September of 2021, the China National Medical Products Administration (NMPA), the equivalent of the United States FDA, approved the Gen<FONT>-2</FONT>
device for marketing and sale in China for the treatment of insomnia and depression. These treatment indications and clearances from the
NMPA have allowed us to market and sell the Gen<FONT>-2</FONT> device in China for the treatment of insomnia and depression.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> We
are currently designing clinical trials for the use of Gen<FONT>-2</FONT> for the treatment of substance use disorders, opiate addictions,
chronic pain, Alzheimer&rsquo;s disease, and dementia. In part due to increasing incidence attributed to the devastating impacts of the
COVID<FONT>-19</FONT> pandemic, mental health and cognitive disorders are widespread across the globe and cause substantial health, social
and economic losses, and hardships accordingly. Our focus is on the continued development of our innovative bioelectronic medical technologies
and rapid regulatory approval to help reverse these losses and hardships by safely and effectively treating various mental health disorders. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> All
our products are non<FONT>-invasive</FONT>, undetectable and, critically, can provide relief to those afflicted with mental health issues
without adverse side effects. We have a proprietary design of varying voltages, currents, electromagnetic fields, and various frequencies
&mdash; referred to collectively as waveform &mdash; particularly our proprietary, patented symmetrical alternating current waveform.
Our devices generate a high frequency, charge balanced electrical current waveform that is applied to an array of electrodes on the head.
The features of this waveform make the application of the stimulation undetectable to the human body allowing this proprietary technique
to enable the use of a higher current than all other devices in the market. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> Currently,
the waveform that comprises the basis of Gen<FONT>-2</FONT> and new Gen<FONT>-3</FONT> headset devices has been tested in a research setting
to develop safety data to be provided for review by the FDA for safety and efficacy evaluation for marketing and sales in the United States.
Determinations of the safety and efficacy of our devices in the United States are solely within the authority of the FDA. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> We
recognize that an additional barrier to treatment in today&rsquo;s mental health treatment landscape &mdash; beyond the concerns about
safety, efficacy and discomfort that have been associated with conventional mental health treatments such as drugs, psychotherapy, and
other forms of electrical stimulation &mdash; is stigma. We have received industry reports and feedback that many patients that struggle
with mood disorders have the stigma of embarrassment associated with psychotherapy (e.g., counselling with a therapist). Additional stigmas
and other issues are associated with the side effects of medication prescribed by psychiatrists. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">3</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">When
we researched the current pharmaceuticals model, public information highlighted the many side effects associated with these medications.
Frequently, patients would stop taking the medication because of the uncomfortable side effects. Additional public information mentions
dependency and withdrawal issues associated with medication for psychiatric disorders.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> To
address the embarrassment stigma, we are developing a new headset design to emit our waveform technology which will offer medical professionals
the opportunity to prescribe the headset device for use in a patient&rsquo;s home&nbsp;&mdash; referred to as Generation&nbsp;3 or Gen<FONT>-3</FONT>
&mdash; to increase access and compliance to mental health treatment. We believe that in order to preserve product safety and integrity
for home use, the headset device will require physician oversight including prescriptions for use, monthly authorization for continued
patient use and monthly physician monitoring through our digital management platform which is currently in development. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Regulatory
Background</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 9pt; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">United
States</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Prior
to December<FONT> </FONT>20, 2019, in the United States, all cranial electrical stimulation (CES) technology was classified as a Class
III medical device (high<FONT>-risk</FONT>). To our knowledge, such technology had received treatment indications for anxiety, depression,
and insomnia in their 510(k) applications. Data was not provided to the FDA for these high<FONT>-risk</FONT> medical devices. It was referred
to as a pre<FONT>-amendment</FONT> category. Normally, Class III would require extensive data to support treatment safety for the indications
listed. Data for CES was not required because it was identified as pre amendment to the required high risk technology category that required
safety data and efficacy data of all Class III medical devices.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">On
December<FONT> </FONT>20, 2019, the FDA issued new rulings related to CES devices for the treatment of anxiety, depression and insomnia.
As a result of these rulings, depression treatment with CES devices remained a Class III medical device and will require a full PMA that
provides definitive clinical trial evidence of effectiveness and safety. A PMA is the most extensive application and process at the FDA.
All CES manufacturers had one year to prepare and file intentions for the depression treatment with a PMA. CES devices that treat anxiety
and insomnia were reclassified as Class II devices and required a new application in the form of a special control trial, a summary version
of a PMA, requiring safety data and mild efficacy response. All CES manufacturers had one year to complete special control trials for
anxiety and insomnia. We are presently analyzing our previous 510(k) Application for such treatment of anxiety and insomnia in accordance
with the FDA reclassification ruling in December&nbsp;2019.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> Due
to the pandemic, special control trials were delayed. Currently, we are in contract preparation with the University California San Diego,
University of Arizona and the University of Pennsylvania for special control trials for our existing technology and future technology.
Special control trials for anxiety and insomnia will take an estimated 18 to 24<FONT> </FONT>months to complete data collection and patient
recruitment. After data sets are complete and statisticians have reviewed and created a reporting matrix, report writers will be contracted
and will prepare final reports for the FDA. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> We
have made a strategic decision to file a new PMA for the treatment of depression with the Gen<FONT>-2</FONT> device that administers a
new advanced Nexalin waveform at 15 milliamps. The Gen<FONT>-1</FONT> device was cleared by the FDA at 4&nbsp;milliamps and the re classification
does not prevent us from servicing previously sold or leased devices. Providers may continue to use these devices for treatment purposes.
Servicing consists of warranty coverage, electrode sales, and patient cable replacement. This servicing is included in the monthly lease
payment. We continue to derive revenue from devices which we sold or leased prior to the FDA&rsquo;s December 2019 reclassification announcements.
This revenue consists of monthly license fees and payment for the sale of electrodes to clinical providers of our technology. We will
not file a PMA on the Gen<FONT>-1</FONT> 4 milliamps device for depression. As we are in the process of evaluating a new waveform for
our technology, a strategic decision was made to not pursue a PMA for the treatment of depression on our existing Gen<FONT>-1</FONT> device.
Strategy development has begun for a full PMA for the treatment of depression for our next generation Gen<FONT>-2</FONT> device. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-style: italic; font-weight: normal">China</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">The
NMPA is the governmental authority principally responsible for the supervision and administration of medical devices in the PRC. Medical
devices in the PRC (including manufacturing, marketing, and sale) are subject to a mandatory filing/registration regime regulated by the
NMPA. The exact filing pathways are mainly determined by the classification of such devices &mdash; similar to the United States, a three<FONT>-class</FONT>
classification system, from Class I (lowest risk) to Class III (highest risk). Local testing and clinical trials are generally required
for Class II and Class III devices. Some imported devices may need to be registered with a higher<FONT>-level</FONT> government authority
than domestic devices.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">4</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
determined by the NMPA the three classes for devices are:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Class
I &mdash; Medical devices for which routine administration can ensure safety for users and the effectiveness of the device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Class
II &mdash; Medical devices that can only be safe and effective with further control in addition to routine administration.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Class
III &mdash; Medical devices that are implanted into the patient&rsquo;s body, pose a threat to the patient&rsquo;s health, or provide
sustenance or life support.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> All
medical devices must be registered with the NMPA. An overseas device company must submit product samples to test with the NMPA. In addition,
all included product information, packaging, and labels, and related material need to be translated into simplified Chinese. For a Class
I devices, simple product filing to NMPA are required. However, for Class II and Class III medical devices, the manufacturing company
must meet all the requirements in the latest regulation, guidelines, and standards. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> As
stated elsewhere in this prospectus, in September of 2021, the NMPA approved the Gen<FONT>-2</FONT> device for the treatment of insomnia
and depression. These treatment indications and clearances from the NMPA have allowed us to market and sell the Gen<FONT>-2</FONT> device
in China. Wider will be responsible for obtaining future NMPA registrations and approvals related to the marketing and sales of our devices
in China. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Market
and Industry Background</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">General</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Historically,
pharmaceutical solutions have been the first line of treatment for those who suffer from anxiety, insomnia, depression, and other mental
health disorders. Beginning in 1950, for patients that were not responding to medication, ECT, also called &ldquo;shock therapy,&rdquo;
became available. Over time, researchers began to look at alternative ways to inject electricity into the human brain. One such method
was via implantable neurostimulators that required invasive surgery procedures associated with high cost and high risk. Implantable devices
became the potential solution for those who would not take or could no longer take pharmaceuticals. The interest in electricity continued
with the creation of small handheld devices powered by a direct current (DC) battery that the consumer could buy without any medical supervision.
Clinical versions of DC stimulators, known as transcranial direct current stimulation (tDCS), were developed by researchers; many of these
devices are still in research settings without industry support.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
1992, a new neurostimulation technique emerged called trans<FONT>-cranial</FONT> magnetic stimulation (TMS). This technique evolved into
repetitive trans<FONT>-cranial</FONT> magnetic stimulation (rTMS), which utilized repetitive magnetic pulse energy to stimulate the brain
of patients struggling with depression. The American pharmaceutical industry embraced and funded this technology. The FDA cleared rTMS
only for patients who had failed to respond to anti<FONT>-depressants</FONT>. Side effects, high cost and moderate efficacy continue to
burden this technology sector.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Both
insurance companies and healthcare providers are looking for alternative ways to decrease costs while still providing safe and effective
treatments.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> According
to Infinium Global Research, the global neurostimulation devices market is projected to grow from approximately $4.7<FONT> </FONT>billion
in 2018 to approximately $9.8<FONT> </FONT>billion for a compound annual growth rate (CAGR) of 10.9% from 2019<FONT>-2025</FONT>. There
are several drivers of this growth. First, many mental health disorders are treated with psychotherapy or pharmaceutical intervention
and have limited efficacy and, in the case of the latter increased awareness of the side effects of medication. Second, the rising number
of geriatric patients, particularly with respect to Alzheimer&rsquo;s disease, will increase demand for mental health treatments. Third,
increased diagnosis of cases of anxiety, depression and various other mental health disorders in all age populations will contribute to
market expansion. Doctors and patients will seek effective, safer, and more cost<FONT>-effective</FONT> alternatives to current care standards.
Advancements in neurostimulation techniques, such as those we are developing, will provide treatment options that address irregularities
in the brain&rsquo;s functional health. These functional brain health issues are believed to be the underlying cause of many mental health
disorders and chronic diseases. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">5</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Overall,
we believe that our marketing and growth strategy which we utilized for our Gen<FONT>-1</FONT> device in combination with our advanced
waveform, technological upgrades and the development of a modern headset monitored with our IT management platform, evidenced in our Gen<FONT>-2</FONT>
and Gen<FONT>-3</FONT> devices, will position us for the opportunity to disrupt the traditional mental health treatment model. Our mission
is to remove the stigma of expensive psychotherapy or pharmaceuticals with the attendant side effects and dependency issues and replace
it with clinically proven and cost<FONT>-effective</FONT> technology that is easily accessible in the privacy of the patient&rsquo;s home
and monitored by licensed healthcare providers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold; font-style: italic; font-weight: normal">China
Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
first phase of distribution in China includes implementation of a sales strategy by Wider for mainland China and other territories serviced
by Wider. In September&nbsp;2021, the NMPA granted clearance for sale of the 15&nbsp;milliamps power parameters in China. No other regulatory
of governmental approvals are required for the sale of our devices by Wider in China, Hong&nbsp;Kong, Macau, and Taiwan. When the potential
Joint Venture is formed and Wider completes sales of our devices through the potential Joint Venture in China, there are no regulatory
or other restrictions of which we are aware that would restrict either (i)&nbsp;the transfer from China of any proceeds resulting from
such sales by Wider to the potential Joint Venture in China, Hong Kong, Macau or Taiwan, other than standard compliance with China&rsquo;s
SAFE policies and approval process, or (ii)&nbsp;our receipt of our share of such proceeds from Hong&nbsp;Kong to us in the United&nbsp;States,
which is not subject SAFE&rsquo;s policies and approval process. We were not required to obtain any other Chinese regulatory approvals
with respect to the limited sales of our devices in China by Wider. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">According
to the SAFE guidelines on foreign exchange management of trade in goods (implemented on August<FONT> </FONT>1, 2012) and the PRC guidelines
on foreign exchange business under current account (2020 version) implemented on August<FONT> </FONT>28, 2020, there are no restrictions
on the transfer of sales proceeds by Chinese domestic companies to Hong&nbsp;Kong companies or foreign companies as long as a company
is in standard compliance with the SAFE&rsquo;s policies and approval process. The current standard SAFE procedures are as follows:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
Chinese domestic company shall first apply to the local foreign exchange bureau for directory registration by presenting an application
form and business license; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;after
the domestic company is registered in the directory and provides documentation to prove the authenticity of the business transaction between
the parties, such as the contract for the transaction, banks in China will approve the transfer of the sales proceeds.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Although
there can be no assurance in light of recent worldwide events such as the Russia and Ukraine war and continued changes within the Republic
of China legal system, as well as political and trade relations between the United States and China, as well as general economic conditions
in the United States and China we expect to consummate the formation of the potential Joint Venture by the third quarter of 2023. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> As
more fully described below in &ldquo;Risk Factors &mdash; Risks Related to Doing Business in China,&rdquo; recent statements and regulatory
actions by the Chinese government may have targeted those companies whose operations involves cross<FONT>-border</FONT> data security
or anti<FONT>-monopoly</FONT> concerns and may have significant regulatory, liquidity, and enforcement risks for us when the potential
Joint Venture is formed. With regard to data security, China has promulgated several important laws recently. Among them, on June<FONT>
</FONT>10, 2021, China promulgated the PRC Data Security Law (&ldquo;DSL&rdquo;), which became effective on September<FONT> </FONT>1,
2021. The legislative intent for this law mainly includes regulating data processing activities, ensuring data security, promoting data
development and utilization, protecting the data related legitimate rights and interests of individuals and organizations, and safeguarding
national sovereignty, security, and development interests. Article 36 provides that any Chinese entity that provides the data to foreign
judicial or law enforcement agencies (regardless of whether directly or through a foreign entity) without approval from the Chinese authority
would likely be deemed to be in violation of DSL. In addition, pursuant to Article&nbsp;2 of Measures for Cybersecurity Reviews, the procurement
of any network product or service by an operator of critical information infrastructure that affects or may affect national security shall
be subjected to a cybersecurity review under the Measures. Pursuant to Article 35 of Cybersecurity Law of the PRC, where &ldquo;critical
information infrastructure operators&rdquo; purchase network products and services, which may influence national security, the operators
are required to be subjected to a cybersecurity review. We do not operate any critical information infrastructure. As a result, we do
not believe that these new legal requirements in China are applicable to us. However, the exact scope of the term &ldquo;critical information
infrastructure operator&rdquo; remains unclear, so there can be no assurance that the potential Joint Venture will </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">6</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> not
be subjected to critical information infrastructure operator review in the future. Furthermore, in the event that the potential Joint
Venture becomes an operator of critical information infrastructure in the future it may be subjected to the above<FONT>-described</FONT>
regulation. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
Company does not currently believe any of the Company&rsquo;s scientific data resulting from activities in China to be conducted by the
potential Joint Venture would fall within the Measures for the Management of Scientific Data promulgated by the General Office of the
PRC State Council. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Currently,
these statements and regulatory actions have had no impact on our daily business operation, including the recent sales through Wider as
a distributor, nor do we believe that they will have any impact on the potential Joint Venture when it is formed, or on our ability to
accept foreign investments and list our securities on a U.S. or other foreign exchange. When and if formed, we believe that the potential
Joint Venture will have received all requisite permissions from the PRC to conduct its business and no permissions will have been denied.
Currently, once the potential Joint Venture is formed in Hong&nbsp;Kong, it will have a valid business registration certificate issued
by the Hong&nbsp;Kong company registry. Once the certificate of registration is duly issued, the potential Joint Venture will have permission
to operate as a legal entity under the laws of the PRC and Hong&nbsp;Kong. However, since these statements and regulatory actions are
new, it is highly uncertain how soon legislative or administrative regulation making bodies will respond and what existing or new laws
or regulations or detailed implementations and interpretations will be modified or promulgated, if any, and the potential impact such
modified or new laws and regulations will have on our daily business operation, the ability to accept foreign investments and list our
securities on a U.S. or other foreign exchange. However, there can be no assurance that regulators in China will not promulgate new laws
and regulations or adopt new series of interpretations or regulatory actions which may require the potential Joint Venture to meet new
requirements on the issues mentioned above. In the event any existing or new laws or regulations or detailed implementations and interpretations
are modified or promulgated, or if we have inadvertently concluded that approvals are not required, we and the potential Joint Venture
will take any and all actions to remain in compliance with any such laws or regulations or detailed implementations and interpretations
thereof. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">See
&ldquo;Risk Factors &mdash; Risks Related to Doing Business in China.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to Doing Business in China</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Following
the formation of the potential Joint Venture, we intend to conduct a portion of our clinical research and implement a business distribution
plan for our devices in China and elsewhere through the potential Joint Venture, which we believe confers clinical, commercial, and regulatory
advantages, but may subject us to significant regulatory, liquidity, and enforcement risks. Although we do not intend to have any physical
presence in China, Hong Kong, Macau and Taiwan, the potential Joint Venture agreements between us and Wider contemplate that the potential
Joint Venture will have a physical presence for the potential Joint Venture in Hong Kong. Wider, as a China formed entity with its physical
presence in China may be subject to regulatory actions and prohibitions from China regulatory entities and required to obtain certain
approvals. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
PRC legal system is a civil law system based on written statutes. Unlike the common law system, prior court decisions under the civil
law system may be cited for reference but have limited precedential value.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
1979, the PRC government began to promulgate a comprehensive system of laws and regulations governing economic matters in general. The
overall effect of legislation over the past four decades has significantly enhanced the protection afforded to various forms of foreign
investments in China. However, China has not developed a fully integrated legal system, and recently enacted laws and regulations may
not sufficiently cover all aspects of economic activities in China. In particular, the interpretation and enforcement of these laws and
regulations involve uncertainties. Since PRC administrative and court authorities have significant discretion in interpreting and implementing
statutory provisions and contractual terms, it may be difficult to evaluate the outcome of administrative and court proceedings and the
level of legal protection we enjoy. These uncertainties may affect our judgment on the relevance of legal requirements and our ability
to enforce our contractual rights or tort claims. In addition, the regulatory uncertainties may be exploited through unmerited or frivolous
legal actions or threats in attempts to extract payments or benefits from us.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition, any administrative and court proceedings in China may be protracted, resulting in substantial costs and diversion of resources
and management attention.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">7</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
May&nbsp;2019, the Cyberspace Administration of China (&ldquo;CAC&rdquo;) issued strict guidelines for the collection and use of data
by operators in China. At this time, Wider does not share any data from any hospital setting or research setting with Nexalin and Nexalin
does not share any data from any hospital setting or research setting with Wider. All clinical data, patient data, provider data associated
with China and the U.S. do not affect the design or statistical interpretation of preclinical or clinical studies in either country.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Uncertainties
in the interpretation and enforcement of Chinese laws and regulations could limit the legal protections available to us.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Since
these laws and regulations are relatively new and the PRC legal system continues to rapidly evolve, the interpretations of many laws,
regulations and rules are not always uniform and enforcement of these laws, regulations and rules involves uncertainties.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">From
time to time, we may have to resort to administrative and court proceedings to enforce our legal rights. However, since PRC administrative
and court authorities have significant discretion in interpreting and implementing statutory and contractual terms, it may be more difficult
to evaluate the outcome of administrative and court proceedings and the level of legal protection we enjoy than in more developed legal
systems. Furthermore, the PRC legal system is based in part on government policies and internal rules. As a result, we may not be able
to keep ourselves updated with these policies and rules in time. Such uncertainties, including uncertainty over the scope and effect of
our contractual, property (including intellectual property) and procedural rights, could materially and adversely affect our business
and impede our ability to continue our operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company acknowledges that are risks that the Chinese government may take actions in the future to exert more oversight and control over
offerings that are conducted overseas and/or foreign investment in China<FONT>-based</FONT> issuers that could significantly limit or
completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly
decline or be worthless.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">See
&ldquo;Risk Factors &mdash; Risks Related to Doing Business in China.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Associated with Our Business</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">An
investment in our common stock involves a high degree of risk. You should carefully consider the risks summarized below. These risks are
discussed more fully in the section titled &ldquo;Risk Factors&rdquo; following this prospectus summary. These risks include, but are
not limited to, the following:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>We
have incurred significant losses since our inception. We expect to continue to incur significant expenses and operating losses over the
next several years. Our net losses may fluctuate significantly from quarter to quarter and year to year. If we do achieve profitability,
we may not be able to sustain&nbsp;it;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>We
have a limited operating history, which may make it difficult for you to evaluate our current business and predict our future success
and viability;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"> <FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>As
a result of the FDA&rsquo;s December&nbsp;2019 reclassification of CES devices to treat anxiety and insomnia described elsewhere in this
prospectus, we decided to suspend marketing and sales of our first- Generation medical device (Gen<FONT>-1</FONT> devices) in the United
States for the treatment of anxiety and insomnia until a new 510(k) application is approved by the FDA. We are presently considering whether
to amend our previous 510(k) application for treatment of anxiety and insomnia in accordance with the FDA reclassification ruling. Assuming
that we do file an amendment, if we are not successful in obtaining approval of the amended 510(k) application, our business will be negatively
affected; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>We
depend to a large degree on the success of our future products, some of which are in clinical development but have not completed advanced
clinical trials. If we cannot obtain future regulatory approval in the United States for and successfully commercialize one or more of
our products or if we experience significant delays in doing so, we may never become profitable;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Public
health threats, including those related to COVID<FONT>-19</FONT>, could adversely impact our operations and especially our research and
development efforts;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Our
reliance on third parties to provide us with supplies to produce our products, to assist in future approved product manufacturing and/or
distribution and to provide reimbursement for our products, may </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">8</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-position: inside; list-style-type: none; margin-top: 7pt; text-indent: 0pt; margin-top: 7pt; text-indent: 0pt">result
in increased costs, shortages, delays or interruptions in the supply of our products for our clinical trials and approved products for
our consumers. Further, arrangements entered into with third<FONT>-party</FONT> collaborators to help us develop and commercialize our
products expose us to various risks if they fail to perform in accordance with our expectations or at all;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Our
commercial success will continue to depend on attaining significant market acceptance of our technologies and existing and future products
among healthcare providers, physicians, clinicians, patients, and third<FONT>-party</FONT> payors. If we are unable to successfully achieve
substantial market acceptance and adoption of our technologies and existing and future products, our business would be harmed;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If
adequate reimbursement remains unavailable in connection with the use of our products and for healthcare providers, physicians and clinicians
to provide services for patients treated with our products, it could diminish our sales and/or affect our ability to sell our products
profitably;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If
we are not able to recruit and retain qualified management and scientific personnel, we may fail in developing our technologies and products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>If
we are unable to obtain, maintain and protect our intellectual property rights for our technologies and our products, or if our intellectual
property rights are inadequate, our competitive position could be harmed, and our ability to commercially market products could be adversely
affected;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"> <FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Our
commercial success depends in part on our avoiding infringement of the patents and proprietary rights of third parties; if one or more
third parties were to assert that we infringe on their patents or are otherwise employing their proprietary technology without authorization,
it could impair our ability to commercialize our products and otherwise significantly harm our business; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Our
foreign operations pose additional risks, including obtaining approval from foreign regulatory authorities, or with respect to FDA accepting
data from trials conducted in foreign jurisdictions;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>We
may face difficulties relating to compliance with various laws, including those relating to health and safety, and from changes to current
and future legislation, both in the U.S. as well as in other foreign jurisdictions where we may be operating;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Our
collection, use, storage, disclosure, transfer and other processing of sensitive and personal information could give rise to significant
costs, liabilities and other risks, including as a result of investigations, inquiries, litigation, fines, legislative and regulatory
action and negative press about our privacy and data protection practices, which may harm our business; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
other factors described in &ldquo;Risk Factors.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> Furthermore,
our accompanying consolidated financial statements have been prepared on the basis that the Company will continue as a going concern,
which contemplates realization of assets and the satisfaction of liabilities in the normal course of business. At June<FONT> </FONT>30,
2022, the Company had a significant accumulated deficit of approximately $71.5<FONT> </FONT>million and a working capital deficit of approximately
$2.2<FONT> </FONT>million. For the six months ended June<FONT> </FONT>30, 2022 and the year ended December<FONT> </FONT>31, 2021, the
Company had a loss from operations of approximately $820,000 and $6,019,000, respectively, and negative cash flows from operations of
approximately $370,000 and $1,077,000, respectively. The Company&rsquo;s operating activities consume the majority of its cash resources.
The Company anticipates that it will continue to incur operating losses as it executes its development plans through 2023, as well as
other potential strategic and business development initiatives. In addition, the Company has had and expects to have negative cash flows
from operations, at least into the near future. The Company previously funded these losses primarily through the sale of equity and issuance
of convertible notes. The accompanying consolidated financial statements do not include any adjustments that might be necessary should
the Company be unable to continue as a going concern. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Management
believes that the actions presently being taken to further implement its business plan, together with funds from its initial public offering,
will enable the Company to continue as a going concern. While the Company believes in its viability to raise additional funds, there can
be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon our ability to further implement
our business plan and raise additional funds through the Initial Public Offering or otherwise.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">9</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Although
no assurances can be given as to our ability to deliver on our revenue plans or that unforeseen expenses may arise, management believes
that the revenue to be generated from operations, together with the completion of the Initial Public Offering in the near term, will provide
the necessary funding for us to continue as a going concern. If adequate funds are not available on acceptable terms, or at all, we will
need to curtail operations or cease operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Corporate
Information</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 6.5pt">We
were originally formed as a Nevada corporation on October<FONT> </FONT>19, 2010 as Nexalin Technology, Inc. On December<FONT> </FONT>1,
2021, we completed the corporate reorganization described under the section titled &ldquo;Corporate Reorganization,&rdquo; pursuant to
which Nexalin Nevada merged with and into a newly incorporated Delaware company of the same name, Nexalin and, as a result, Nexalin succeeded
Nexalin Nevada and our existing shareholders exchanged each of their shares in Nexalin Nevada for one twentieth (1/20<FONT STYLE="vertical-align: super; font-size: 65%">th</FONT>)
of a common share of the newly formed Delaware corporation. Nexalin had nominal assets and liabilities and did not conduct any operations
prior to the reorganization other than its incorporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 6.5pt">Our
principal executive offices are located at 1776 Yorktown, Suite 550, Houston, Texas 77056. Our phone number is (281) 830<FONT>-8900</FONT>.
Our website address is <FONT STYLE="font-style: italic; font-weight: normal">www.nexalin.com</FONT>. We do not incorporate the information
on or accessible through our website into this prospectus. We have included our website address in this prospectus solely as an inactive
textual reference.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 6.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Implications
of Being an Emerging Growth Company and a Smaller Reporting Company</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 6.5pt">We
qualify as an &ldquo;emerging growth company,&rdquo; as defined in the Jumpstart Our Business Startups Act of 2012, as amended, or the
JOBS Act. For so long as we remain an emerging growth company, we are permitted and intend to rely on exemptions from some of the reporting
requirements that are applicable to other public companies that are not emerging growth companies. These exemptions include:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 6.5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>being
permitted to present only two years of audited financial statements and only two years of related management&rsquo;s discussion and analysis
of financial condition and results of operations disclosures in this prospectus;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 6.5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>not
being required to comply with the auditor attestation requirements of Section&nbsp;404 of the Sarbanes<FONT>-Oxley</FONT> Act of 2002,
as amended, or the Sarbanes<FONT>-Oxley</FONT> Act;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 6.5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>not
being required to comply with any requirements that may be adopted by the Public Company Accounting Oversight Board regarding mandatory
audit firm rotation or a supplement to the auditor&rsquo;s report providing additional information about the audit and the financial statements;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 6.5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>reduced
disclosure obligations regarding executive compensation in our periodic reports, proxy statements and registration statements; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 6.5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>exemptions
from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute
payments not previously approved.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 6.5pt">We
may take advantage of these exemptions until the last day of our fiscal year following the fifth anniversary of the completion of this
offering. However, if any of the following events occur prior to the end of such five<FONT>-year</FONT> period, (i)&nbsp;our annual gross
revenue exceeds $1.07<FONT> </FONT>billion, (ii)&nbsp;we issue more than $1.0<FONT> </FONT>billion of non<FONT>-convertible</FONT> debt
in any three<FONT>-year</FONT> period or (iii)&nbsp;we become a &ldquo;large accelerated filer,&rdquo; (as defined in Rule&nbsp;12b<FONT>-2</FONT>
under the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;)), we will cease to be an emerging growth company
prior to the end of such five<FONT>-year</FONT> period. We will be deemed to be a &ldquo;large accelerated filer&rdquo; at such time that
we (a)&nbsp;have an aggregate worldwide market value of common equity securities held by non<FONT>-affiliates</FONT> of $700<FONT> </FONT>million
or more as of the last business day of our most recently completed second fiscal quarter, (b)&nbsp;have been required to file annual and
quarterly reports under the Exchange Act, for a period of at least twelve months and (c)&nbsp;have filed at least one annual report pursuant
to the Exchange Act. Even after we no longer qualify as an emerging growth company, we may still qualify as a &ldquo;smaller reporting
company,&rdquo; which would allow us to take advantage of many of the same exemptions from disclosure requirements including reduced disclosure
obligations regarding executive compensation in this prospectus and our periodic reports and proxy statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">10</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 6.5pt">We
have elected to take advantage of certain of the reduced disclosure obligations in the registration statement of which this prospectus
is a part and may elect to take advantage of other reduced reporting requirements in future filings. As a result, the information that
we provide to our stockholders may be different than you might receive from other public reporting companies in which you hold equity
interests.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 6.5pt">In
addition, the JOBS Act provides that an emerging growth company can take advantage of an extended transition period for complying with
new or revised accounting standards. We have elected to take advantage of this extended transition period.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 6.5pt">We
are also a &ldquo;smaller reporting company&rdquo; as defined in the Exchange Act. We may take advantage of certain of the scaled disclosures
available to smaller reporting companies until the fiscal year following the determination that our voting and non<FONT>-voting</FONT>
common stock held by non<FONT>-affiliates</FONT> is more than $250<FONT> </FONT>million measured on the last business day of our second
fiscal quarter, or our annual revenues are less than $100<FONT> </FONT>million during the most recently completed fiscal year and our
voting and non<FONT>-voting</FONT> common stock held by non<FONT>-affiliates</FONT> is less than $700<FONT> </FONT>million measured on
the last business day of our second fiscal quarter.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">11</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">THE
OFFERING</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Securities
        offered by us:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">We
        are offering 1,500,000 units at $6.00 per unit (which is based upon the minimum of the offering price range), each unit comprised of one
        share of common stock and one warrant to purchase one share. The shares of common stock and the warrants comprising the Units are immediately
        separable and will be issued separately in this offering, but must be purchased together as a Unit in this offering </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Offering
        Price Per Unit:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">Assumed
        $6.00 per unit, the minimum of the price range set forth on the cover page of this prospectus.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Common
        Stock outstanding before this Offering:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"> <BR>4,964,961<FONT>
        </FONT>shares. </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Common
        stock to be outstanding <BR>immediately following this <BR>offering:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"> <BR><BR>6,464,961<FONT>
        </FONT>shares or 6,689,961<FONT> </FONT>shares if the underwriters exercise their option to purchase additional shares in full and in
        each case assuming none of the warrants are exercised. </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Warrants
        outstanding prior<BR>to this offering:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"><BR>Warrants
        to acquire 21,600<FONT> </FONT>shares of common stock with an exercise price of $10.00 per share.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Warrants
        outstanding after<BR>this offering:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"><BR>1,500,000
        warrants to acquire 1,500,000<FONT> </FONT>shares of common stock with an exercise price equal to [115%] of the offering price of the
        units, or $[6.90], and an exercise term of commencing immediately until three (3)&nbsp;years after the date of issuance and warrants to
        acquire 21,600<FONT> </FONT>shares of common stock with an exercise price of $10.00 per share.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Underwriters&rsquo;
        option to purchase additional units from us:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"><BR>We
        have granted the underwriters a 45<FONT>-day</FONT> option to purchase up to an aggregate of 225,000 additional units (inclusive of the
        225,000<FONT> </FONT>shares of common stock and 225,000 warrants) from us at the public offering price, less underwriting discounts and
        commissions, on the same terms as set forth in this prospectus. </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Use
        of proceeds:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"> We
        estimate that we will receive net proceeds from this offering after offering expenses of approximately $7.7<FONT> </FONT>million, or approximately
        $9&nbsp;million if the underwriters exercise their option to purchase additional shares in full, assuming an initial public offering price
        of $6.00 per share, which is the minimum of the price range set forth on the cover page of this prospectus, and after deducting estimated
        underwriting discounts and commissions and estimated offering expenses payable by us. We currently intend to use the net proceeds from
        this offering, together with our existing cash, over the next 9 to 18<FONT> </FONT>months for, among other things, approximately $2.1<FONT>
        </FONT>million for research and development of our technologies and products, approximately $1.2<FONT> </FONT>million for engineering,
        manufacturing and consulting expenses, $700,000 to repay currently outstanding debt and liabilities $400,000 to expand our sales and marketing
        capabilities, $2.0<FONT> </FONT>million for working capital and $1.3<FONT> </FONT>million for general corporate purposes. See &ldquo;Use
        of Proceeds&rdquo; at page 52. </P> </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">12</P>

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  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Underwriters
        Compensation:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">In
        connection with this offering, the underwriters will receive an underwriting discount equal to 8% of the gross proceeds from the sale
        of units in the offering. We will also reimburse the underwriter for certain out<FONT>-of-pocket</FONT> actual expenses related to the
        offering up to $110,000. See &ldquo;Underwriting&rdquo; starting on page 130 of this prospectus.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Exercise
        Price of Warrants:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">$[6.90]
        per share (115% of the offering price of the units). subject to adjustment for certain corporate events such as stock dividends and distributions.
        </P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">No
        warrants will be exercisable for cash unless we have an effective and current registration statement covering the shares of common stock
        issuable upon exercise of the warrants and a current prospectus relating to such shares of common stock. It is our current intention to
        have an effective and current registration statement covering the shares of common stock issuable upon exercise of the warrants and a
        current prospectus relating to such shares of common stock in effect upon completion of this offering (either by updating this prospectus
        from time to time or undertaking the filing of a new registration statement). Notwithstanding the foregoing, if a registration statement
        covering the shares of common stock issuable upon exercise of the warrants, holders of warrants may, until such time as there is an effective
        registration statement and during any period when we shall have failed to maintain an effective registration statement, exercise warrants
        on a cashless basis pursuant to an available exemption from registration under the Securities Act. In such event, each holder would pay
        the exercise price by surrendering the whole warrants for that number of shares of common stock equal to the quotient obtained by dividing
        (x) the product of the number of shares of common stock underlying the warrants, multiplied by the difference between the exercise price
        of the warrants and the &ldquo;fair market value&rdquo; by (y) the fair market value. The &ldquo;fair market value&rdquo; shall mean the
        daily average weighted average reported last sale price of the shares of common stock ending on the third trading day prior to the notice
        of redemption. For example, if a holder held 300 warrants to purchase 150<FONT> </FONT>shares and the fair market value on the date prior
        to exercise was $15.00, that holder would receive 35<FONT> </FONT>shares without the payment of any additional cash consideration.</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Redemption
        of Warrants:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">We
        may redeem the outstanding warrants, in whole and not in part, at a price of $0.01 per warrant:</P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -12pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;</FONT>at
        any time while the warrants are exercisable,</P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -12pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;</FONT>upon
        a minimum of 30 days&rsquo; prior written notice of redemption,</P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -12pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;</FONT>if,
        and only if, the last sales price of our common stock equals or exceeds $[18.00] per share (300% of the unit offering price) for any 20
        trading days within a 30<FONT>-trading</FONT> day period ending [three (3)] business days before we send the notice of redemption, and</P>
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -12pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;</FONT>if,
        and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants at
        the time of redemption and for the entire 30<FONT>-day</FONT> trading period referred to above and continuing each day thereafter until
        the date of redemption.</P> </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">13</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">If
        the foregoing conditions are satisfied and we issue a notice of redemption, each warrant holder can exercise his, her or its warrant prior
        to the scheduled redemption date. However, the price of our common stock may fall below the $[18.00] trigger price, as well as the $[6.90]
        warrant exercise price, after the redemption notice is issued.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">The
        redemption criteria for our warrants have been established at a price which is intended to provide warrant holders a reasonable premium
        to the initial exercise price and provide a sufficient differential between the then<FONT>-prevailing</FONT> share price and the warrant
        exercise price so that if the share price declines as a result of our redemption call, the redemption will not cause the share price to
        drop below the exercise price of the warrants.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Dividend
        policy:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">We
        currently intend to retain all available funds and any future earnings to support our operations and finance the growth and development
        of our business, and therefore do not intend to pay cash dividends on our common stock for the foreseeable future. See &ldquo;Dividend
        Policy&rdquo;.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Risk
        factors:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">An
        investment in our securities involves a high degree of risk. You should read this prospectus carefully, including the section entitled
        &ldquo;Risk Factors&rdquo; and the consolidated financial statements and the related notes to those statements included in this prospectus,
        before investing in our common stock before deciding to invest in shares of our common stock. </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Trading
        of securities:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">The
        units will not be certificated or issued in stand<FONT>-alone</FONT> form. The shares of our Common Stock and the Warrants underlying
        the units are immediately tradeable upon issuance and will be issued separately in this offering, but must be purchased together as a
        unit in this offering.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Proposed
        Nasdaq Capital Market Symbols:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"><BR>We
        have applied to list our common stock and warrants on The Nasdaq Stock Market Capital tier under the symbols &ldquo;NXL&rdquo; and &ldquo;NXLIW&rdquo;
        We will not proceed with this offering in the event the common stock and warrants are not approved for listing on Nasdaq. We do not intend
        to apply for listing of the units.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Lock-Up
        Agreements:</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 64.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"> Our
        directors, officers and certain stockholders have agreed with the underwriter not to offer for sale, issue, sell, contract to sell, pledge
        or otherwise dispose of an aggregate of [3,145,223] shares of our Common Stock for a period of 180 days after the date of this prospectus.
        See &ldquo;Underwriting<FONT>-Lock-Up</FONT> Agreements&rdquo; on page 130 of this prospectus. </P> </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
number of shares of our common stock that will be outstanding after this offering is based on 4,964,961<FONT> </FONT>shares of common
stock outstanding as of August<FONT> </FONT>22, 2022. Unless otherwise indicated, all information in this prospectus reflects or assumes: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>an
as<FONT>-adjusted</FONT> basis pursuant to our reorganization completed in December, 2021;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>excludes
outstanding warrants for 21,600 underlying shares with an exercise price of $10.00 per share;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>no
exercise of the warrants underlying the units to be sold in this offering with an exercise price of $[6.90] per share; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>no
exercise by the underwriters of their option to purchase up to 225,000 additional units in this offering.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">14</P>

<DIV STYLE="border: #000000 0 solid; margin: 0; padding: 0; border-width: 1pt; border-style: solid; border-top-width: 1pt; border-right-width: 1pt; border-bottom-width: 1pt; border-left-width: 1pt; padding-top: 10pt; padding-right: 4pt; padding-bottom: 10pt; padding-left: 4pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">SUMMARY
FINANCIAL DATA</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
the tables below, we provide you with our summary consolidated financial data for the periods indicated. We have derived the following
summary of our consolidated statement of operations data for the years ended December<FONT> </FONT>31, 2021 and 2020, and the balance
sheet data as of December<FONT> </FONT>31, 2021, from our audited consolidated financial statements appearing elsewhere in this prospectus,
as well as our interim unaudited condensed consolidated statement of operations data for the six months ended June<FONT> </FONT>30, 2022
and 2021, and the balance sheet data as of June<FONT> </FONT>30, 2022. Our historical results are not necessarily indicative of the results
to be expected in the future. You should read this summary consolidated financial data together with our consolidated financial statements
and related notes to those statements, as well as the sections titled &ldquo;Selected Financial Data&rdquo; and &ldquo;Management&rsquo;s
Discussion and Analysis of Financial Condition and Results of Operations,&rdquo; which are included elsewhere in this prospectus. </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0 3pt">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 29.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">For
        The Years Ended<BR>December 31,</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">For
        The </FONT><FONT STYLE="font-style: normal; font-weight: bold">Six</FONT><FONT STYLE="font-style: normal; font-weight: bold"><BR>Months
        Ended<BR></FONT><FONT STYLE="font-style: normal; font-weight: bold">June 30</FONT><FONT STYLE="font-style: normal; font-weight: bold">,</FONT> </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.09%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">2021</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.09%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">2020</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.09%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">2022<BR>(Unaudited)</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">2021<BR>(Unaudited)</FONT> </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Revenues </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 144,065 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 242,914 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 737,610 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 64,096 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Cost
        of Revenue </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 21,442 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 29,039 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 169,047 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 13,142 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Gross
        Profit </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 122,623 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 213,875 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 568,563 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 50,954 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Operating
        Expenses </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 6,141,224 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 3,509,329 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 1,388,783 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 3,696,617 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Loss
        from Operations </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (6,018,601 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (3,295,454 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (820,220 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (3,645,663 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Other
        (Expense) </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (59,403 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (108,032 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (12,518 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (36,705 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Net
        Loss </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (6,078,004 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (3,403,486 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (832,738 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (3,682,368 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Weighted
        Average Shares Outstanding </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 4,256,360 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 3,583,281 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 4,896,717 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 3,957,599 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Net
        Loss per Share&nbsp;&ndash; Basic and Diluted </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (1.43 </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (0.95 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (0.17 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (0.93 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 37.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD> </TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0 3pt">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">As
        of<BR>December 31, 2021</FONT> </P> </TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.82%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">As
        of<BR></FONT><FONT STYLE="font-style: normal; font-weight: bold">June 30</FONT><FONT STYLE="font-style: normal; font-weight: bold">, 2022</FONT> </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Actual</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">As
        <BR>Adjusted</FONT><FONT STYLE="vertical-align: super; font-size: 65%">(1)(2)</FONT> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT STYLE="font-style: normal; font-weight: bold">Balance
        Sheet Data:</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Cash
        and cash equivalents </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 661,778 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 291,335 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 7,799,444 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Working
        capital (deficit)<FONT STYLE="vertical-align: super; font-size: 65%">(3)</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (1,610,975 </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (2,219,588 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 5,496,440 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total
        assets </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 753,698 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 556,264 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 8,064,373 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total
        liabilities </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        2,435,639 </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2,796,743 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2,588,824 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Accumulated
        deficit </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (70,691,524 </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (71,524,262 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (71,524,262 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 52.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total
        equity (deficit) </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (1,681,941 </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (2,240,479 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 5,475,549 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-style: none; margin: 0in 0in -5pt 24pt; font: 9pt Times New Roman, Times; padding: 0in; text-align: justify; text-justify: inter-ideograph; text-indent: -24pt; color: black">____________</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 10pt; text-align: left; text-indent: -24pt; margin-top: 10pt"> (1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
as adjusted balance sheet data gives effect to the issuance and sale of units (1,500,000<FONT> </FONT>shares and 1,500,000 warrants) in
this offering at an assumed initial public offering price of $6.00 per unit, which is the minimum of the price range set forth on the
cover page of this prospectus, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable
by us in addition to the repayment of approximately $208,000 in related party payables. No effect is given to the exercise of any issued
and outstanding warrants. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
$1.00 increase (decrease) in the assumed initial public offering price of $6.00 per share, would increase (decrease) as adjusted cash
and cash equivalents, working capital, total assets, and total equity by approximately $1.4<FONT> </FONT>million, assuming that the number
of shares of common stock offered by us, as set forth on the cover page of this prospectus, remains the same and after deducting estimated
underwriting discounts and commissions and estimated offering expenses payable by us. Similarly, each increase (decrease) of 100,000 units
offered by us at the assumed initial public offering price of $6.00 per unit, which is the minimum of the price range set forth on the
cover page of this prospectus, and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable
by us would increase (decrease) as adjusted cash and cash equivalents, working capital, total assets, and total equity by approximately
$0.55&nbsp;million. The as adjusted information discussed above is illustrative only and will be adjusted based on the actual initial
public offering price and other terms of our initial public offering determined at pricing.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
define working capital as current assets less deferred offering costs and less current liabilities.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">15</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T03"></A><FONT STYLE="font-style: normal; font-weight: bold">RISK
FACTORS</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">Investing
in our common stock is speculative and involves a high degree of risk including the risk of a loss of your entire investment. Before you
invest in our common stock, you should carefully consider the following risk factors. These risk factors contain, in addition to historical
information, forward looking statements that involve risks and uncertainties. Our actual results could differ significantly from the results
discussed in the forward</FONT><FONT><FONT STYLE="font-style: italic; font-weight: normal">-looking</FONT></FONT><FONT STYLE="font-style: italic; font-weight: normal">
statements. The occurrence of any of the adverse developments described in the following risk factors and in the documents incorporated
herein by reference could materially and adversely harm our business, financial condition, results of operations or prospects. In such
event, the value of our common stock could decline, and you could lose all or a substantial portion of the money that you pay for our
common stock. In addition, the risks and uncertainties discussed below are not the only ones we face. Our business, financial condition,
results of operations or prospects could also be harmed by risks and uncertainties not currently known to us or that we currently do not
believe are material, and these risks and uncertainties could result in a complete loss of your investment. In assessing the risks and
uncertainties described below, you should also refer to the other information contained in this prospectus (as supplemented or amended).</FONT>
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to Our Financial Position and Capital Needs</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
have incurred significant losses since our inception. We expect to incur losses over the next several years and may never achieve or maintain
profitability.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are a Delaware corporation with a limited operating history. We have funded our operations to date primarily with proceeds from the sale
of our stock. We have had only limited sales to date.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have devoted substantially all our financial resources and efforts to research and development, including preclinical studies and clinical
trials. We are still in the early stages of development of our products. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
expect to continue to incur significant expenses and operating losses over the next several years. Our net losses may fluctuate substantially
from quarter to quarter and year to year. We anticipate that our expenses will increase significantly as we: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>continue
our ongoing and planned preclinical and clinical development of our existing and next Generation devices; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>initiate
preclinical studies and clinical trials for any additional products that we may pursue in the future; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>seek
to discover and develop additional treatment indications; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>seek
regulatory approvals for any products that successfully complete clinical trials; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>ultimately
establish sales, marketing and distribution infrastructure and scale up external manufacturing capabilities to commercialize any product
for which we may obtain regulatory approval and intend to commercialize on our own; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>maintain,
expand and protect our intellectual property portfolio; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>engage
additional clinical, scientific, manufacturing and controls personnel; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>add
operational, financial and management information systems and personnel, including personnel to support our product development and planned
future commercialization efforts; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>incur
additional legal, accounting and other expenses associated with operating as a public company. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">To
become and remain profitable, we and our collaborators must succeed in developing and eventually commercializing future and existing products
that generate significant revenue. This will require us to be successful in a range of challenging activities, including completing preclinical
studies and clinical trials of our products and preclinical program, obtaining regulatory approval, manufacturing, marketing and selling
any products for which we may obtain regulatory approval, as well as discovering and developing additional products. Again, we are only
in the preliminary stages of most of these activities. We may never succeed in these activities and, even if we do, may never generate
revenues that are significant enough to achieve profitability. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">16</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Because
of the numerous risks and uncertainties associated with product development, we are unable to accurately predict the timing or amount
of expenses or when, or if, we will be able to achieve profitability. If we are required by regulatory authorities to perform studies
in addition to those currently expected, or if there are any delays in the initiation and completion of our clinical trials or the development
of any of our products, our expenses could increase. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Even
if we achieve profitability, we may not be able to sustain or increase profitability on a quarterly or annual basis. Our failure to become
and remain profitable would depress the value of our common stock and could impair our ability to raise capital, expand our business,
maintain our research and development efforts or continue our operations. A decline in the value of our common stock could also cause
you to lose all or part of your investment. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">The
report of our independent registered public accounting firm included a &ldquo;going concern&rdquo; explanatory paragraph prior to this
offering.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Our
accompanying consolidated financial statements have been prepared on the basis that we will continue as a going concern, which contemplates
realization of assets and the satisfaction of liabilities in the normal course of business. At June<FONT> </FONT>30, 2022, we had a significant
accumulated deficit of approximately $71.6<FONT> </FONT>million and a working capital deficit of approximately $2.2<FONT> </FONT>million.
For the six months ended June<FONT> </FONT>30, 2022, we had a loss from operations of approximately $0.82<FONT> </FONT>million and negative
cash flows from operations of approximately $0.37<FONT> </FONT>million. The Company&rsquo;s operating activities consume the majority
of its cash resources and the limited revenue from sales. We will continue to promote our services to existing and potential customers
but anticipate that we will continue to incur operating losses as we execute our development plans through 2023, as well as other potential
strategic and business development initiatives. In addition, we have had and expect to have negative cash flows from operations, at least
into the near future. The Company previously funded these losses primarily through the sale of equity and issuance of convertible notes.
The accompanying consolidated financial statements do not include any adjustments that might be necessary should the Company be unable
to continue as a going concern. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
believes that the actions presently being taken to further implement its business plan along with the net proceeds from this offering
will enable the Company to continue as a going concern. While the Company believes in its viability to raise additional funds, there can
be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon our ability to further implement
our business plan and raise additional funds through this offering or otherwise. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Although
no assurances can be given as to our ability to deliver on our revenue plans or that unforeseen expenses may arise, management believes
that the revenue to be generated from operations, together with the completion of this offering in the near term, will provide the necessary
funding for us to continue as a going concern. Management cannot guarantee any future offering will be available on favorable terms or
available at all. As such, these matters raise substantial doubt about the Company&rsquo;s ability to continue as a going concern for
a period of twelve months from the issue date of this filing. If adequate funds are not available on acceptable terms, or at all, we will
need to curtail operations or cease operations. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Our
limited operating history may make it difficult for you to evaluate the success of our business to date and to assess our future viability.</FONT>
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
commenced active operations in 2010, and our operations to date have been largely focused on raising capital, identifying and developing
our products and preclinical program, broadening our expertise in the development of our products and undertaking preclinical studies
and conducting early<FONT>-stage</FONT> clinical trials. As a result of the FDA reclassification ruling in December&nbsp;2019 described
elsewhere in this prospectus, we had to suspend marketing of our Gen<FONT>-1</FONT> medical device for the treatment of anxiety and insomnia.
We are presently evaluating whether to proceed with amending our prior application with the FDA for the treatment of insomnia.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Although
we have developed a second<FONT>-Generation</FONT> medical device, it has not completed regulatory filings with the FDA. Consequently,
any predictions you make about our future success or viability may not be as accurate as they could be if we had a longer operating history.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
may encounter unforeseen expenses, difficulties, complications, delays and other known or unknown factors in achieving our business objectives.
We will need to transition at some point from a company with a research and development focus to a company capable of supporting commercial
activities. We may not be successful in such a transition. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">17</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
expect our financial condition and operating results to continue to fluctuate significantly from quarter to quarter and year to year due
to a variety of factors, many of which are beyond our control. Accordingly, you should not rely upon the results of any quarterly or annual
periods as indications of future operating performance. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
may require substantial additional funding to meet our financial needs and to pursue our business objectives. If we are unable to raise
capital when needed, we could be forced to delay, reduce or altogether cease our product development programs or commercialization efforts.</FONT>
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are currently not cash flow positive and are not certain when and if we will be cash flow positive. While we believe that the net proceeds
from this offering and the use of such net proceeds described elsewhere in this report will enable us to fund our operating expenses and
capital expenditure requirements, we may still need to obtain substantial additional funding in connection with our continuing operations
and planned activities. Our future capital requirements will depend on many factors, including: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
timing, progress and results of our ongoing clinical trials of our products; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
scope, progress, results and costs of preclinical development, laboratory testing and clinical trials of other products that we may pursue;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
number and development requirements of other products that we may pursue; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
ability to establish collaborations on favorable terms, if at all; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
costs, timing and outcome of regulatory review of our products; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
costs and timing of future commercialization activities, including product manufacturing, marketing, sales and distribution, for any of
our products for which we receive marketing approval; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
revenue, if any, received from commercial sales of our products for which we receive marketing approval; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
costs and timing of preparing, filing and prosecuting patent applications, maintaining and enforcing our intellectual property rights
and defending any intellectual property<FONT>-related</FONT> claims; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
costs of operating as a public company. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Identifying
potential products and conducting preclinical testing and clinical trials is a time<FONT>-consuming</FONT>, expensive and uncertain process
that takes years to complete, and we may never generate the necessary data or results required to continue our regulatory approvals and
achieve product sales. In addition, our products, if approved, may not achieve commercial success. Our commercial revenues, if any, will
be derived from sales of products that are cleared under FDA review. Accordingly, we will need to continue to rely on additional financing
to achieve our business objectives. Adequate additional financing may not be available to us on acceptable terms, or at all. In addition,
we may seek additional capital due to favorable market conditions or strategic considerations even if we believe we have sufficient funds
for our current or future operating plans. If we are unable to raise capital when needed or on attractive terms, we could be forced to
delay, reduce or altogether cease our research and development programs or future commercialization efforts. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Raising
additional capital may cause dilution to our stockholders, including purchasers of shares of our common stock in this offering, restrict
our operations or require us to relinquish rights to our technologies or products.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Until
such time, if ever, as we can generate substantial product revenue, we expect to finance our cash needs through equity offerings. To the
extent that we raise additional capital through the sale of equity or convertible debt securities, your ownership interest will be diluted,
and the terms of these securities may include liquidation or other preferences that adversely affect your rights as a stockholder. Debt
financing and equity financing, if available, may involve agreements that include covenants limiting or restricting our ability to take
specific actions, such as incurring additional debt, making capital expenditures or declaring dividends. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">18</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we raise additional funds through collaborations, strategic alliances or marketing, distribution or licensing arrangements with third
parties, we may be required to relinquish valuable rights to our technologies, future revenue streams, research programs or products or
to grant licenses on terms that may not be favorable to us. If we are unable to raise additional funds through equity or debt financings
when needed, we may be required to delay, limit, reduce or terminate our product development or future commercialization efforts or grant
rights to a third party to develop and market products that we would otherwise prefer to develop and market ourselves. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to the Development of Our Products and Preclinical Program</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
depend on the success of our future products, some of which are in clinical development but have not completed advanced clinical trials.
If we lose our existing or cannot obtain future regulatory approval for and successfully commercialize one or more of our products or
if we experience significant delays in doing so, we may never become profitable.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
success of our products and preclinical program will depend on several additional factors, including: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>successful
completion of preclinical studies and requisite clinical trials; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>performing
preclinical studies and clinical trials in compliance with the FDA or any comparable regulatory authority requirements; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>receipt
of marketing approvals from applicable regulatory authorities; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
ability of collaborators to manufacture sufficient quantity of product for development, clinical trials or potential commercialization;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>obtaining
and maintaining patent, trademark and trade secret protection, and regulatory exclusivity for our products and preclinical program; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>making
arrangements with third parties for manufacturing capabilities; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>launching
commercial sales of products, if and when approved, whether alone or in collaboration with others; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>acceptance
of the therapies, if and when approved, by healthcare providers, physicians, clinicians, patients and third<FONT>-party</FONT> payors;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>competing
effectively with other therapies; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>obtaining
and maintaining healthcare coverage and adequate reimbursement; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>protecting
our rights in our intellectual property portfolio. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we do not achieve one or more of these factors in a timely manner or at all, we could experience significant delays or an inability to
successfully commercialize our products, which would harm our business. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: bold">Our
products and product candidates may be subject to reclassification by the FDA, and a change in the classification may have an adverse
impact on our revenues or our abilities to obtain necessary regulatory approvals.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Originally,
our technology was cleared for the treatment of anxiety, depression and insomnia. Each treatment indication with this technology was classified
as class III from a risk tolerance standpoint at the FDA. In December of 2019, the FDA passed a new ruling that separated anxiety and
insomnia from the treatment of depression. CES devices that treat anxiety and insomnia were reclassified as class II medical devices and
require special control trials to be initiated, as well as the filing of a new 510(k) application for previously approved devices. The
FDA continued to classify the treatment of depression for cranial stimulation as a class III high risk device. In order to receive approval
for treatment for depression, our devices will require a new pre<FONT>-market</FONT> application for this indication. We have decided
not to pursue a depression indication for our Gen<FONT>-1</FONT> device at such time. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Any
further such reclassification by the FDA of an indication from a certain class of device to another during our development or post<FONT>-commercialization</FONT>
for that indication could have a significant adverse impact due to the more rigorous and lengthy approval process required for a higher
risk class medical device. Such a change in classification </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">19</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">can
significantly increase development costs and prolong the time for development and approval, thus delaying revenues. A reclassification
of an indication after approval from a certain class of device to another could result in a change in classification for reimbursement,
and there could be a significant negative impact on our revenues relatedly. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Success
in preclinical studies or clinical trials may not be indicative of results in future clinical trials.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Success
in preclinical testing and early clinical trials does not ensure that later clinical trials will generate the same results or otherwise
provide adequate data to demonstrate the efficacy and safety of a product candidate. Our products may fail to show the desired safety
and efficacy in all clinical trials. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">If
we experience delays or difficulties in the enrolment of patients in clinical trials, our receipt of necessary regulatory approvals could
be delayed or prevented.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
may not be able to initiate, continue or complete clinical trials of any product candidate that we develop if we and our collaborators
are unable to locate and enroll a sufficient number of eligible patients to participate in these trials as required by the FDA or other
comparable regulatory authority. We have limited experience enrolling patients in our clinical trials and cannot predict how successful
we will be in enrolling patients in future clinical trials. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Public
health threats, including those related to the novel strain of coronavirus, SARS-CoV-2 (which causes the disease now called COVID-19),
have had, and could continue to have an adverse effect on our operations.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Public
health threats have, and could continue to, adversely affect our ongoing or planned research and development activities. In particular,
SARS<FONT>-CoV-2</FONT>, which causes the disease now called COVID<FONT>-19</FONT>, was first reported to have surfaced in Wuhan, China
in December&nbsp;2019, and has since spread globally, including to every state in the United&nbsp;States. On January<FONT> </FONT>31,
2020, the Secretary of Health and Human Services (HHS) issued a Public Health Emergency determination in response to the spread of COVID<FONT>-19</FONT>.
A Public Health Emergency determination remains in effect for 90&nbsp;days and can be renewed for additional 90<FONT>-day</FONT> periods,
which the Secretary of HHS has since done multiple times. The outbreak of COVID<FONT>-19</FONT> has severely impacted global economic
activity and caused significant volatility and negative pressure in financial markets. The global impact of the outbreak has been rapidly
evolving and many countries, including the United&nbsp;States, have reacted by instituting quarantines, mandating business and school
closures and restricting travel. As a result, the COVID<FONT>-19</FONT> pandemic is negatively impacting almost every industry directly
or indirectly. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
COVID<FONT>-19</FONT> pandemic has delayed our clinical trials and our receipt of marketing approvals from the FDA. Such pandemic also
might have reduced, and continue to reduce, participation in our clinical trials, due to both travel restrictions and a general unwillingness
of subjects to travel. We cannot presently predict the scope and severity of any other potential business shutdowns or disruptions, but
if we or any of the third parties with whom we engage, including the suppliers, clinical trial sites, regulators and other third parties
with whom we conduct business, were to experience shutdowns or other business disruptions, our ability to conduct our business in the
manner and on the timelines presently planned could be materially and negatively impacted. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Relatedly,
the spread of an infectious disease, including COVID<FONT>-19</FONT>, may also result in the inability of our suppliers to deliver components
or raw materials on a timely basis. Such events may result in a period of business and manufacturing disruption, and in reduced operations,
any of which could materially affect our business, financial condition and results of operations. The extent to which the coronavirus
impacts our business will depend on future developments, which are highly uncertain and cannot be predicted, including new information
which may emerge concerning the severity of COVID<FONT>-19</FONT> and the actions to contain the coronavirus or treat its impact, among
others. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to Our Dependence on Third Parties</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
rely on third parties to conduct the clinical trials for our products, and those third parties may not perform satisfactorily, including
failing to meet deadlines for the completion of such trials or failing to comply with applicable regulatory requirements.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
rely on third parties, such as research institutions, to conduct our clinical trials. Our reliance upon research institutions, including
hospitals, clinics and academics, provides us with less control over the timing and cost of clinical trials and the ability to recruit
subjects. If we are unable to reach agreement with suitable research institutions on acceptable terms, or if any resulting agreement is
terminated, we may be unable to quickly replace </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">20</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">the
research institution with another qualified institution on acceptable terms. Even if we do replace the institution, we may incur additional
costs to conduct the trial at the new institution. We may not be able to secure and maintain suitable research institutions to conduct
our clinical trials. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
rely on a collaboration with a third party for the quality assurance of our products, and we may seek additional collaborations in the
future. If those collaborations are not successful, we may not be able to capitalize on the market potential of these products.</FONT>
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are a party to a quality assurance agreement with a third party for the quality assurance of our products and may enter into additional
collaborations in the future. We are dependent upon the success of our current and any future collaborators in performing their responsibilities
in connection with the relevant collaboration. If we fail to maintain these collaborative relationships for any reason, we would need
to perform the activities that we currently anticipate would be performed by our collaborators on our own at our sole expense. This could
substantially increase our capital needs, and we may not have the capability or financial capacity to undertake these activities on our
own, or we may not be able to find other collaborators on acceptable terms, or at all. This may limit the programs we are able to pursue
and result in significant delays in the development, sale and manufacture of our product candidates and products, and may have a material
adverse effect on our business, financial condition and results of operations. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
dependence upon our current and potential future collaborations exposes us to a number of risks, including that our collaborators (i)&nbsp;may
fail to cooperate or perform their contractual obligations, including financial obligations, (ii)&nbsp;may choose to undertake differing
business strategies or pursue alternative technologies or (iii)&nbsp;may take an opposing view regarding ownership of clinical trial results
or intellectual property. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Due
to these factors and other possible events, we could suffer delays in the research, development or commercialization of our product candidates
and future products or we may become involved in litigation or arbitration, which could be time consuming and expensive. We additionally
may be compelled to split revenue with our collaborators, which could have a material adverse effect on our business, financial condition,
and results of operations. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to the Commercialization of Our Products</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Even
if any of our products receives marketing approval, it may fail to achieve the degree of market acceptance by healthcare providers, physicians,
clinicians, patients, third-party payors and others in the medical community necessary for commercial success.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
degree of market acceptance of our products, if approved for commercial sale, will depend on a number of factors, including: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
efficacy and potential advantages compared to alternative treatments; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
potential and perceived advantages and disadvantages of the products, including cost and clinical benefit relative to alternative treatments;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
convenience and ease of administration compared to alternative treatments; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
willingness of the target patient population to try new therapies and of healthcare providers, physicians, and clinicians to prescribe
these therapies; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>acceptance
by healthcare providers, physicians, clinicians, patients, operators of hospitals, including in<FONT>-hospital</FONT> formularies, and
treatment facilities and parties responsible for coverage and reimbursement of the product; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
availability of coverage and adequate reimbursement by third<FONT>-party</FONT> payors and government authorities; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
ability to manufacture our product in sufficient quantities and yields; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
strength and effectiveness of marketing and distribution support; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
prevalence and severity of any side effects; </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">21</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>limitations
or warnings, including distribution or use restrictions, contained in the product&rsquo;s approved labelling; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
approval of other new products for the same indications; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
timing of market introduction of the approved product as well as competitive products. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Any
failure by any of our existing or future products that obtain regulatory approval to achieve market acceptance or commercial success would
have a material adverse effect on our business prospects. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
may eventually compete for product sales with other companies, many of which will have greater resources or capabilities than we have,
or may succeed in developing better products or in developing products more quickly than we do, and we may not compete successfully with
them.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
industry is competitive and has been evolving rapidly with not only existing treatment options, but also the introduction of new technologies
and products as well as the market activities of industry participants. We compete or may eventually compete with other companies and
organizations that are marketing or developing therapies for our targeted disease indications, based on traditional pharmaceutical, medical
device, or other neurostimulation therapy and technologies. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
also face competition in the neurostimulation field from academic institutions and governmental agencies. Many of our current and potential
competitors have greater financial and human resources than we have, including more experience in research and development and more established
sales, marketing and distribution capabilities. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
anticipate that competition in our industry will increase. In addition, the health care industry is characterized by rapid technological
change, resulting in new product introductions and other technological advancements. Our competitors may develop and market products that
render product candidates now or under development by us in the future, or any products manufactured or marketed by us, non<FONT>-competitive</FONT>
or otherwise obsolete. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Coverage
and adequate reimbursement may not be available for our current or any future products, which could make it difficult for us to sell profitably,
if approved.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Market
acceptance and sales of any products that we commercialize, if approved, will depend in part on the extent to which reimbursement for
these products and related treatments will be available from third<FONT>-party</FONT> payors, including government health administration
authorities, managed care organizations and other private health insurers. Third<FONT>-party</FONT> payors decide which therapies they
will pay for and establish reimbursement levels. Third<FONT>-party</FONT> payors often rely upon Medicare coverage policy and payment
limitations in setting their own coverage and reimbursement policies. However, decisions regarding the extent of coverage and amount of
reimbursement to be provided for any products that we develop will be made on a payor<FONT>-by-payor</FONT> basis. One payor&rsquo;s determination
to provide coverage for a product does not assure that other payors will also provide coverage and adequate reimbursement for the product.
Additionally, a third<FONT>-party</FONT> payor&rsquo;s decision to provide coverage for a therapy does not imply that an adequate reimbursement
rate will be approved. Each payor determines whether it will provide coverage for a therapy, what amount it will pay for the therapy and
on what tier of its list of covered products, or formulary, it will be placed. The position on a payor&rsquo;s formulary, generally determines
the co<FONT>-payment</FONT> that a patient will need to make to obtain the therapy and can strongly influence the adoption of such therapy
by patients and physicians. Patients who are prescribed treatments for their conditions and providers prescribing such services generally
rely on third<FONT>-party</FONT> payors to reimburse all or part of the associated healthcare costs. Patients are unlikely to use our
products, and providers are unlikely to prescribe our products, unless coverage is provided, and reimbursement is adequate to cover a
significant portion of the cost of our products and their administration. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
primary trend in the U.S. healthcare industry and elsewhere is cost containment. Third<FONT>-party</FONT> payors have attempted to control
costs by limiting coverage and limited reimbursement for medications and certain treatments utilizing digital technologies. We cannot
be sure that coverage and reimbursement will be available for any product that we commercialize and, if reimbursement is available, what
the level of reimbursement will be. Inadequate coverage and reimbursement may impact the demand for, or the price of, any product for
which we obtain marketing approval. If coverage and adequate reimbursement are not available, or are available only to limited levels,
we may not be able to successfully commercialize our current and any future products that we develop. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">22</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Product
liability lawsuits against us could cause us to incur substantial liabilities and to limit commercialization of any products that we may
develop.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">We
face an inherent risk of product liability exposure related to the testing of our products in human clinical trials and will face an even
greater risk if we commercially sell any products that we may develop. If we cannot successfully defend ourselves against claims that
our products or products caused injuries, we will incur substantial liabilities. Regardless of merit or eventual outcome, liability claims
may result in: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>reduced
resources of our management to pursue our business strategy; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>decreased
demand for any products or products that we may develop; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>injury
to our reputation and significant negative media attention; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>withdrawal
of clinical trial participants; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>initiation
of investigations by regulators; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>product
recalls, withdrawals or labelling, marketing or promotional restrictions; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>significant
costs to defend the resulting litigation; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>substantial
monetary awards paid to clinical trial participants or patients; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>loss
of revenue; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
inability to commercialize any products that we may develop. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">We
currently hold $1<FONT> </FONT>million in product liability insurance coverage in the aggregate, with a per incident limit of $1<FONT>
</FONT>million, which may not be adequate to cover all liabilities that we may incur. We may need to increase our insurance coverage as
we expand our clinical trials or if we commence commercialization of our products. Insurance coverage is increasingly expensive. We may
not be able to maintain insurance coverage at a reasonable cost or in an amount adequate to satisfy any liability that may arise. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to Our Business and Managing Our Growth</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-style: italic; font-weight: bold">Our
future success depends on our ability to retain key executives and to attract, retain and motivate qualified personnel.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Recruiting
and retaining qualified scientific and clinical personnel and, if we progress the development of any of our products, commercialization,
manufacturing and sales and marketing personnel, will be critical to our success. The loss of the services of our executive officers or
other key employees could impede the achievement of our research, development and commercialization objectives and seriously harm our
ability to successfully implement our business strategy. Furthermore, replacing executive officers and key employees may be difficult
and may take an extended period because of the limited number of individuals in our industry with the breadth of skills and experience
required to successfully develop, gain regulatory approval of and commercialize our products. Competition to hire from this limited pool
is intense, and we may be unable to hire, train, retain or motivate these key personnel on acceptable terms given the competition among
numerous companies for similar personnel. We also experience competition for the hiring of scientific and clinical personnel from universities
and research institutions. In addition, we rely on consultants and advisors, including scientific and clinical advisors, to assist us
in formulating our research and development and commercialization strategy. Our consultants and advisors may have commitments under consulting
or advisory contracts with other entities that may limit their availability to us. If we are unable to continue to attract and retain
high<FONT>-quality</FONT> personnel, our ability to pursue our growth strategy will be limited. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-style: italic; font-weight: bold">We
expect to expand our development and regulatory capabilities and potentially implement sales, marketing and distribution capabilities,
and as a result, we may encounter difficulties in managing our growth, which could disrupt our operations.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> As
of August<FONT> </FONT>22, 2022, we had three full<FONT>-time</FONT> employees and ten part time employees and consultants. As the clinical
development of our products progresses, we also expect to experience significant growth in the number of our employees and the scope of
our operations, particularly in the areas of research, product development and regulatory affairs, including a sales and marketing team
for our existing products. To manage our anticipated future </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">23</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt; text-indent: 0pt">growth,
we must continue to implement and improve our managerial, operational and financial systems, expand our facilities and continue to recruit
and train additional qualified personnel. Due to our limited financial resources and the limited experience of our management team in
managing a company with such anticipated growth, we may not be able to effectively manage the expansion of our operations or recruit and
train additional qualified personnel. The expansion of our operations may lead to significant costs and may divert our management and
business development resources. Any inability to manage growth could delay the execution of our business plans or disrupt our operations.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Significant
disruptions of our information technology systems or data security incidents could result in significant financial, legal, regulatory,
business and reputational harm to us.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are increasingly dependent on information technology systems and infrastructure, including mobile technologies, to operate our business.
In the ordinary course of our business, we collect, store, process and transmit large amounts of sensitive information, including intellectual
property, proprietary business information, personal information and other confidential information. It is critical that we do so in a
secure manner to maintain the confidentiality, integrity and availability of such sensitive information. We have also outsourced elements
of our operations, including elements of our information technology infrastructure, to third parties and, as a result, we manage a number
of third<FONT>-party</FONT> vendors who may or could have access to our computer networks or our confidential information. In addition,
many of those third parties in turn subcontract or outsource some of their responsibilities to other third parties. While all information
technology operations are inherently vulnerable to inadvertent or intentional security breaches, incidents, attacks and exposures, the
accessibility and distributed nature of our information technology systems, and the sensitive information stored on those systems, make
such systems potentially vulnerable to unintentional or malicious, internal and external attacks on our technology environment. Potential
vulnerabilities can be exploited from inadvertent or intentional actions of our employees, third<FONT>-party</FONT> vendors, or business
partners or by malicious third parties. Attacks of this nature are increasing in their frequency, levels of persistence, sophistication
and intensity, and are being conducted by sophisticated and organized groups and individuals with a wide range of motives (including industrial
espionage) and expertise, including organized criminal groups, &ldquo;hacktivists,&rdquo; nation states and others. In addition to the
extraction of sensitive information, such attacks could include the deployment of harmful malware, ransomware, denial<FONT>-of-service</FONT>
attacks, social engineering and other means to affect service reliability and threaten the confidentiality, integrity and availability
of information. In addition, the prevalent use of mobile devices increases the risk of data security incidents. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Significant
disruptions of our third<FONT>-party</FONT> vendors&rsquo; information technology systems or other similar data security incidents could
adversely affect our business operations and result in the loss, misappropriation and unauthorized access, use or disclosure of, or the
prevention of access to, sensitive information, which could result in financial, legal, regulatory, business and reputational harm to
us. In addition, information technology system disruptions, whether from attacks on our technology environment or from computer viruses,
natural disasters, terrorism, war or telecommunication and electrical failures, could result in a material disruption of our development
programs and our business operations. For example, the loss of clinical trial data from completed or future clinical trials could result
in delays in our regulatory approval efforts and significantly increase our costs to recover or reproduce the data. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
is no way of knowing with certainty whether we have experienced any data security incidents that have not been discovered. While we have
no reason to believe this to be the case, attackers have become very sophisticated in the way they conceal access to systems, and many
companies that have been attacked are not aware that they have been attacked. Any event that leads to unauthorized access, use or disclosure
of personal information, including personal information regarding our patients or employees, could disrupt our business, harm our reputation,
compel us to comply with applicable federal and state breach notification laws and foreign law equivalents, subject us to time<FONT>-consuming</FONT>,
distracting and expensive litigation, regulatory investigation and oversight or mandatory corrective action, require us to verify the
correctness of database contents or otherwise subject us to liability under laws, regulations and contractual obligations, including those
that protect the privacy and security of personal information. This could result in increased costs to us, and result in significant legal
and financial exposure and reputational harm. In addition, any failure or perceived failure by us or our vendors or business partners
to comply with our privacy, confidentiality or data security<FONT>-related</FONT> legal or other obligations to third parties, or any
further security incidents or other inappropriate access events that result in the unauthorized access, release or transfer of sensitive
information, which could include personally identifiable information, may result in governmental investigations, enforcement actions,
regulatory fines, litigation or public statements against us by advocacy groups or others, and could cause third parties, including clinical
sites, regulators or current and potential partners, to lose trust in us, or we could be subject to claims by third parties that we have
breached our privacy- or confidentiality<FONT>-related</FONT> obligations. Moreover, data security incidents and other inappropriate access
can be difficult to detect, and any delay </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">24</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">in
identifying them may lead to increased harm of the type described above. While we have implemented security measures intended to protect
our information technology systems and infrastructure, there can be no assurance that such measures will successfully prevent service
interruptions or security incidents. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">If
we engage in future acquisitions or strategic collaborations, this may increase our capital requirements, dilute our stockholders, cause
us to incur debt or assume contingent liabilities and subject us to other risks.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">From
time to time, we may evaluate various acquisitions and strategic collaborations, including licensing or acquiring intellectual property
rights, technologies or businesses, as deemed appropriate to carry out our business plan. Any potential acquisition or strategic collaboration
may entail numerous risks, including: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>increased
operating expenses and cash requirements; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
assumption of additional indebtedness or contingent liabilities; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>assimilation
of operations, intellectual property and products of an acquired company, including difficulties associated with integrating new personnel;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
diversion of our management&rsquo;s attention from our existing product programs and initiatives in pursuing such a strategic partnership,
merger or acquisition; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>retention
of key employees, the loss of key personnel and uncertainties in our ability to maintain key business relationships; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>risks
and uncertainties associated with the other party to such a transaction, including the prospects of that party and their existing products
or products and regulatory approvals; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
inability to generate revenue from acquired technology and/or products sufficient to meet our objectives in undertaking the acquisition
or even to offset the associated acquisition and maintenance&nbsp;costs. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">We
are subject to the risks of conducting business internationally.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
February<FONT> </FONT>24, 2022, Russia launched an invasion in Ukraine which may increase the likelihood of supply interruptions and further
hinder our ability to find the materials we need to make our products. Supply disruptions could make it harder for us to find favorable
pricing and reliable sources for the materials we need, putting upward pressure on our costs and increasing the risk that we may be unable
to acquire the materials and services we need to continue to make certain products.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to Doing Business in China</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">The
medical industry in China is highly regulated and such regulations are subject to change which may affect approval and commercialization
of our products.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> A
material portion of our research is expected to be conducted in China through the potential Joint Venture, which we believe confers clinical,
commercial and regulatory advantages, but may subject the potential Joint Venture (and also potentially us) to significant regulatory,
liquidity, and enforcement risks. The medical industry in China is subject to comprehensive government regulation and supervision, encompassing
the approval, registration, manufacturing, packaging, licensing and marketing of new drugs. In recent years, the regulatory framework
in China regarding the medical industry has undergone significant changes, and we expect that it will continue to undergo significant
changes. Any such changes or amendments may result in increased compliance costs on our business or cause delays in or prevent the successful
development or commercialization of our products in China and reduce the current benefits we believe are available to us from researching
our products in China. The People&rsquo;s Republic of China, or PRC, authorities have become increasingly vigilant in enforcing laws in
the medical industry and any failure by us or our partners to maintain compliance with applicable laws and regulations or obtain and maintain
required licenses and permits may result in the suspension or termination of our business activities in China. We believe our strategy
and approach are aligned with the PRC government&rsquo;s regulatory policies, but we cannot ensure that our strategy and approach will
continue to be aligned. In the event that there are changes, we and the potential Joint Venture will take any and all actions to remain
in compliance with any such laws or regulations or detailed implementations and interpretations thereof. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">25</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">There
may be difficulties in effecting service of legal process, enforcing foreign judgments or bringing actions in China against us based on
foreign laws.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
expect to conduct a material portion of our research in China through the potential Joint Venture. Also, the potential Joint Venture will
be formed under the laws of Hong Kong and is expected to be physically located in Hong Kong. Our partner, Wider, is located in China.
As a result, it may be difficult to effect service of process upon the potential Joint Venture inside China. It may also be difficult
to enforce in U.S. courts judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal securities laws
against the potential Joint Venture. In addition, there is uncertainty as to whether the courts of the PRC would recognize or enforce
judgments of U.S. courts against the potential Joint Venture predicated upon the civil liability provisions of the securities laws of
the United&nbsp;States or any state. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> It
may be difficult for us to enforce our rights with respect to the potential Joint Venture. The recognition and enforcement of foreign
judgments are provided for under the PRC Civil Procedures Law. PRC courts may recognize and enforce foreign judgments in accordance with
the requirements of the PRC Civil Procedures Law based either on treaties between China and the country where the judgment is made or
on principles of reciprocity between jurisdictions. China does not have any treaties or other forms of written arrangement with the United&nbsp;States
that provide for the reciprocal recognition and enforcement of foreign judgments. In addition, according to the PRC Civil Procedures Law,
the PRC courts will not enforce a foreign judgment by us against Wider or the potential Joint Venture if they decide that the judgment
violates the basic principles of PRC laws or national sovereignty, security, or the public interest. As a result, it is uncertain whether
and on what basis a PRC court would enforce a judgment rendered by a court in the United&nbsp;States. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">It
may be difficult for overseas regulators to conduct investigations or collect evidence within China.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">It
may be difficult for you or overseas regulators, such as the Securities and Exchange Commission (SEC), the Department of Justice (DOJ)
and other authorities of the United&nbsp;States, to conduct investigations or collect evidence within China. For example, in China, there
are significant legal and other obstacles to obtaining information, documents and materials needed for regulatory investigations or litigation
outside China or otherwise with respect to foreign entities. Although the authorities in China may establish a regulatory cooperation
mechanism with the securities regulatory authorities of another country or region to implement cross<FONT>-border</FONT> supervision and
administration, such regulatory cooperation with the securities regulatory authorities in the United States may not be efficient in the
absence of mutual and practical cooperation mechanism. Furthermore, according to Article&nbsp;177 of the PRC Securities Law, which became
effective in March&nbsp;2020, no overseas securities regulator is allowed to directly conduct investigation or evidence collection activities
within the territory of the PRC. Accordingly, without the consent of the competent PRC securities regulators and relevant authorities,
no entity or individual may provide the documents and materials relating to securities business activities to overseas parties. While
detailed interpretation of or implementing rules under Article 177 have yet to be promulgated, the inability for an overseas securities
regulator to directly conduct investigation or evidence collection activities within China may further increase difficulties faced by
you in protecting your interests. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">The
PRC&rsquo;s economic, political and social conditions, as well as governmental policies, could affect the business environment and financial
markets in China, and our ability to operate our business, maintain our liquidity and keep our access to capital.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
expect that a portion of our operations will be conducted in China through the potential Joint Venture. Accordingly, our business, results
of operations, financial condition and prospects may be influenced to a significant degree by economic, political, legal and social conditions
in China. China&rsquo;s economy differs from the economies of developed countries in many respects, including with respect to the amount
of government involvement, level of development, growth rate, control of foreign exchange and allocation of resources. While the PRC economy
has experienced significant growth over the past thirty years, growth has been uneven across different regions and among various economic
sectors of China. The PRC government has implemented various measures to encourage economic development and guide the allocation of resources.
Some of these measures may benefit the overall PRC economy but may have a negative effect on us. For example, our financial condition
and results of operations may be adversely affected by government control over capital investments or changes in tax regulations that
are currently applicable to us. In addition, in the past the PRC government implemented certain measures, including interest rate increases,
to control </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">26</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">the
pace of economic growth. These measures may cause decreased economic activity in China, which may adversely affect our business and results
of operation. More generally, if the business environment in China deteriorates from the perspective of domestic or international investment,
our business in China may also be adversely affected. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Uncertainties
with respect to the PRC legal system could adversely affect us.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
PRC legal system is a civil law system based on written statutes. Unlike the common law system, prior court decisions under the civil
law system may be cited for reference but have limited precedential value. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
1979, the PRC government began to promulgate a comprehensive system of laws and regulations governing economic matters in general. The
overall effect of legislation over the past four decades has significantly enhanced the protection afforded to various forms of foreign
investments in China. However, China has not developed a fully integrated legal system, and recently enacted laws and regulations may
not sufficiently cover all aspects of economic activities in China. In particular, the interpretation and enforcement of these laws and
regulations involve uncertainties. Since PRC administrative and court authorities have significant discretion in interpreting and implementing
statutory provisions and contractual terms, it may be difficult to evaluate the outcome of administrative and court proceedings and the
level of legal protection we enjoy. These uncertainties may affect our judgment on the relevance of legal requirements and our ability
to enforce our contractual rights or tort claims. In addition, the regulatory uncertainties may be exploited through unmerited or frivolous
legal actions or threats in attempts to extract payments or benefits from us. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition, any administrative and court proceedings in China may be protracted, resulting in substantial costs and diversion of resources
and management attention. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
May&nbsp;2019, the Cyberspace Administration of China (&ldquo;CAC&rdquo;) issued strict guidelines for the collection and use of data
by operators in China. At this time, Wider does not share any data from any hospital setting or research setting with Nexalin and Nexalin
does not share any data from any hospital setting or research setting with Wider. All clinical data, patient data, provider data associated
with China and the U.S. do not affect the design or statistical interpretation of preclinical or clinical studies in either country. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Uncertainties
in the interpretation and enforcement of Chinese laws and regulations could limit the legal protections available to us.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
PRC legal system is based on written statutes and prior court decisions have limited value as precedents. Since these laws and regulations
are relatively new and the PRC legal system continues to rapidly evolve, the interpretations of many laws, regulations and rules are not
always uniform and enforcement of these laws, regulations and rules involves uncertainties. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">From
time to time, we may have to resort to administrative and court proceedings to enforce our legal rights, most notably our rights with
respect to the potential Joint Venture. However, since PRC administrative and court authorities have significant discretion in interpreting
and implementing statutory and contractual terms, it may be more difficult to evaluate the outcome of administrative and court proceedings
and the level of legal protection we enjoy than in more developed legal systems. Furthermore, the PRC legal system is based in part on
government policies and internal rules. As a result, we may not be able to keep ourselves updated with these policies and rules in time.
Such uncertainties, including uncertainty over the scope and effect of our contractual, property (including intellectual property) and
procedural rights, could materially and adversely affect our business and impede our ability to continue our operations. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Restrictions
on foreign currency may limit our ability to receive and use our revenue effectively.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
PRC government imposes controls on the conversion of the Renminbi into foreign currencies and, in certain cases, the remittance of foreign
currency out of China. To date, the payments we have received from Wider have been in United States dollars, although in the future, payments
from Wider or from the potential Joint Venture may be in Renminbi. Under existing PRC foreign exchange regulations, payments of current
account items, including profit distributions, interest payments and trade and service<FONT>-related</FONT> foreign exchange transactions,
can be made in foreign currencies without prior approval of SAFE, by complying with certain procedural requirements. However, approval
from or registration with appropriate government authorities is required where Renminbi is to be converted into foreign currency and remitted
out of China to pay capital expenses such as the repayment of loans denominated in foreign currencies. As a result, we would need to obtain
approval from SAFE to use cash generated from our </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">27</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">operations
to pay off any debt in a currency other than Renminbi owed to entities outside China, or to make other capital expenditure payments outside
China in a currency other than Renminbi. The PRC government may restrict access to foreign currencies for current account transactions
in the future. The foreign exchange control system could prevent us from obtaining sufficient foreign currencies to satisfy our foreign
currency demands. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Fluctuation
in exchange rates could have a negative effect on our results of operations and the value of your investment.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
value of the Renminbi against the U.S. dollar and other currencies may fluctuate and is affected by, among other things, changes in political
and economic conditions in China and by China&rsquo;s foreign exchange policies. Since June&nbsp;2010, the Renminbi has fluctuated against
the U.S. dollar, at times significantly and unpredictably. On November<FONT> </FONT>30, 2015, the Executive Board of the International
Monetary Fund, or IMF, completed the regular five<FONT>-year</FONT> review of the basket of currencies that make up the Special Drawing
Right, or the SDR, and decided that with effect from October<FONT> </FONT>1, 2016, the Renminbi is determined to be a freely usable currency
and will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, the Japanese yen and the British pound.
Since the fourth quarter of 2016, the Renminbi has depreciated significantly in the backdrop of a surging U.S. dollar and persistent capital
outflows of China. With the development of the foreign exchange market and progress toward interest rate liberalization and Renminbi internationalization,
the PRC government may in the future announce further changes to the exchange rate system, and we cannot assure you that the Renminbi
will not appreciate or depreciate significantly in value against the U.S. dollar in the future. It is difficult to predict how market
forces or PRC or U.S. government policy may impact the exchange rate between the Renminbi and the U.S. dollar in the future. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Very
limited hedging options are available in China to reduce our exposure to exchange rate fluctuations. As of the date of this prospectus,
we have not entered into any hedging transactions in an effort to reduce our exposure to foreign currency exchange risk. While we may
decide to enter into hedging transactions in the future, the availability and effectiveness of these hedges may be limited and we may
not be able to adequately hedge our exposure or at all. In addition, our currency exchange losses may be magnified by PRC exchange control
regulations that restrict our ability to convert Renminbi into foreign currency or to convert foreign currency into Renminbi. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">The
approval of the CSRC, and other compliance procedures may be required in connection with any offering we may make and, if required, we
cannot predict whether we will be able to obtain such approval.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
do not have any operations in China and will not have any operations other than the potential Joint Venture following its formation. As
of the date of this prospectus, (i)&nbsp;our business operations are carried on outside of China; and (ii)&nbsp;we do not maintain any
variable interest entity structure or operate any data center in China. We do not believe that sales of our devices to Wider to date constitute
doing business in China. We may still be subject to PRC laws relating to, among others, data security and restrictions over foreign investments
due to the complexity of the regulatory regime in China, and the recent statements and regulatory actions by the PRC government relating
to data security may affect our business operations in China or even our ability to offer securities in the United&nbsp;States. Our securities
are not being offered or sold directly or indirectly in China to or for the benefit of, legal or natural persons of the PRC. Therefore,
we have not obtained the approval from either the China Securities Regulatory Commission (the &ldquo;CSRC&rdquo;) or the Cyberspace Administration
of China (the &ldquo;CAC&rdquo;) for any offering we may make under this prospectus and any applicable prospectus supplement, and we do
not intend to obtain the approval from either the CSRC or the CAC in connection with any such offering, since we do not believe that such
approval is required under these circumstances. Under the PRC&rsquo;s current legal system, Chinese citizens have the right to purchase
securities publicly issued by overseas companies through legal channels and enjoy corresponding benefits of such ownership. Ownership
of such securities does not require approval from the CSRC or the CAC. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
the website of the CSRC, the CSRC provides that in accordance with current laws and regulations, domestic Chinese residents can invest
in overseas securities markets through legal channels such as purchasing qualified domestic institutional investor (QDII) fund product
shares and participating in Shanghai Hong&nbsp;Kong stock transactions. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
can be no assurance however, that regulators in China will not take a contrary view or will not subsequently require us to undergo the
approval procedures and subject us to penalties for non<FONT>-compliance</FONT>. The approval of the CSRC or the CAC, and other compliance
procedures may be required in connection with any offering we may make and, if required, we cannot predict whether we will be able to
obtain such approval. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">28</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: italic; font-weight: bold"></FONT><FONT STYLE="font-style: italic; font-weight: bold">Recent
regulatory developments in China may subject the </FONT><FONT STYLE="font-style: italic; font-weight: bold">potential Joint Venture</FONT><FONT STYLE="font-style: italic; font-weight: bold">
to additional regulatory review and disclosure requirement, expose the </FONT><FONT STYLE="font-style: italic; font-weight: bold">potential
Joint Venture</FONT><FONT STYLE="font-style: italic; font-weight: bold"> to government interference, or otherwise restrict our ability
to offer securities and raise capital outside China, all of which could materially and adversely affect our business and the value of
our securities.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
light of the recent statements by the Chinese government indicating its intention to exert more oversight and control over overseas offerings
of China<FONT>-based</FONT> companies and the proposed CAC review for certain data processing operators in China, we may adjust our business
operations in the future, to comply with PRC laws regulating our industry and our business operations through the potential Joint Venture.
However, such efforts may not be completed in a liability<FONT>-free</FONT> manner or at all. We cannot guarantee that we will not be
subject to PRC regulatory inspection and/or review relating to cybersecurity, especially when there remains significant uncertainty as
to the scope and manner of the regulatory enforcement. If the potential Joint Venture is subject to regulatory inspection and/or review
by the CAC or other PRC authorities or are required by them to take any specific actions, it could cause suspension or termination of
the future offering of our securities, disruptions to our operations, result in negative publicity regarding our company, and divert our
managerial and financial resources. The potential Joint Venture may also be subject to fines or other penalties, which could materially
and adversely affect our business, financial condition, and results of operations. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
may be subject to PRC laws relating to, among others, data security and restrictions over foreign investments in value<FONT>-added</FONT>
telecommunications services and other industry sectors set out in the Special Administrative Measures (Negative List) for the Access of
Foreign Investment (2020 Edition). Specifically, we may be subject to PRC laws relating to the collection, use, sharing, retention, security,
and transfer of confidential and private information, such as personal information and other data. These PRC laws apply not only to third<FONT>-party</FONT>
transactions, but also to transfers of information between us and our wholly foreign<FONT>-owned</FONT> enterprises in China, and other
parties with which we have commercial relations. These PRC laws and their interpretations and enforcement continue to develop and are
subject to change, and the PRC government may adopt other rules and restrictions in the future. The recent regulatory developments in
China, in particular with respect to restrictions on China<FONT>-based</FONT> companies raising capital offshore, and the government<FONT>-led</FONT>
cybersecurity reviews of certain companies with VIE structure, may lead to additional regulatory review in China over our financing and
capital raising activities in the United&nbsp;States. Pursuant to the PRC Cybersecurity Law, which was promulgated by the Standing Committee
of the National People&rsquo;s Congress on November<FONT> </FONT>7, 2016 and took effect on June<FONT> </FONT>1, 2017, personal information
and important data collected and generated by a critical information infrastructure operator in the course of its operations in China
must be stored in China, and if a critical information infrastructure operator purchases internet products and services that affect or
may affect national security, it should be subject to cybersecurity review by the CAC. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
PRC Cybersecurity Law also establishes more stringent requirements applicable to operators of computer networks, especially to operators
of networks which involve critical information infrastructure. The PRC Cybersecurity Law contains an overarching framework for regulating
Internet security, protection of private and sensitive information, and safeguards for national cyberspace security and provisions for
the continued government regulation of the Internet and content available in China. The PRC Cybersecurity Law emphasizes requirements
for network products, services, operations and information security, as well as monitoring, early detection, emergency response and reporting.
Due to the lack of further interpretations, the exact scope of &ldquo;critical information infrastructure operator&rdquo; remains unclear.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
July<FONT> </FONT>10, 2021, the CAC publicly issued the Cybersecurity Review Measures (the &ldquo;Draft Measures&rdquo;) for public comments
until July<FONT> </FONT>25, 2021. According to the Draft Measures, the scope of cybersecurity reviews is extended to data processing operators
engaging in data processing activities that affect or may affect national security. The Draft Measures further requires that any operator
applying for listing on a foreign exchange must go through cybersecurity review if it possesses personal information of more than one
million users. According to the Draft Measures, a cybersecurity review assesses potential national security risk that may be brought about
by any procurement, data processing, or overseas listing. The review focuses on several factors, including, among others, (1)&nbsp;the
risk of theft, leakage, corruption, illegal use or export of any core or important data, or a large amount of personal information, and
(2)&nbsp;the risk of any critical information infrastructure, core or important data, or a large amount of personal information being
affected, controlled or maliciously exploited by a foreign government after a company is listed overseas. While the Draft Measures have
been released for consultation purposes, there is still uncertainty regarding the final content of the Draft Measures, its adoption timeline
or effective date, its final interpretation and implementation, and other aspects. Furthermore, the Standing Committee of the National
People&rsquo;s Congress passed </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">29</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">the
Personal Information Protection Law of the PRC (&ldquo;PIPL&rdquo;), which became effective November<FONT> </FONT>1, 2021, and requires
general network operators to obtain a personal information protection certification issued by recognized institutions in accordance with
the CAC regulation before such information can be transferred out of China. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Additionally,
the Company does not currently believe any of the Company&rsquo;s scientific data resulting from activities in China to be conducted by
the potential Joint Venture would fall within the Measures for the Management of Scientific Data promulgated by the General Office of
the PRC State Council. Therefore, we do not believe the PRC would prevent us from seeking foreign approval and commercialization of our
product candidates. In the event the potential Joint Venture becomes subject to cybersecurity inspection and/or review by the CAC or other
PRC authorities or are required by them to take any specific actions, we and the potential Joint Venture will take any and all actions
to remain in compliance with any such laws or regulations or detailed implementations and interpretations thereof. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
July<FONT> </FONT>30, 2021, in response to the recent regulatory developments in China and actions adopted by the PRC government, the
Chairman of the SEC issued a statement requesting additional disclosures from offshore issuers with China<FONT>-based</FONT> operating
companies before their registration statements will be declared effective, including detailed disclosure related to VIE structures and
whether the VIE and the issuer, when applicable, received or were denied permission from the PRC authorities to list on U.S. exchanges
and the risks that such approval could be denied or rescinded. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
August<FONT> </FONT>1, 2021, the CSRC stated that it had taken note of the new disclosure requirements announced by the SEC regarding
the listings of Chinese companies and the recent regulatory development in China, and that the securities regulators in both countries
should strengthen communications on regulating China<FONT>-related</FONT> issuers. In light of our business operations, we should not
be required to undergo the CAC review for any offering that we may make. However, if the enacted version of the Draft Measures mandates
clearance of cybersecurity review and other specific actions to be completed by companies aiming to offer securities outside China, we
cannot assure you that the PRC regulatory authorities will not take a contrary view or will not subsequently require us to undergo the
approval procedures and subject us to penalties for non<FONT>-compliance</FONT>, or that if we are required to obtain such clearance,
such clearance can be timely obtained, or at all. If the potential Joint Venture becomes subject to cybersecurity inspection and/or review
by the CAC or other PRC authorities or are required by them to take any specific actions, it could cause suspension or termination of
the future offering of our securities, including offerings under this registration statement, disruptions to our operations, result in
negative publicity regarding our company, and divert our managerial and financial resources. We may also be subject to significant fines
or other penalties, which could materially and adversely affect our business, financial condition and results of operations. In the event
the potential Joint Venture becomes subject to cybersecurity inspection and/or review by the CAC or other PRC authorities or are required
by them to take any specific actions, we and the potential Joint Venture will take any and all actions to remain in compliance with any
such laws or regulations or detailed implementations and interpretations thereof. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">The
PRC government has significant influence by enforcing existing rules and regulation, adopting new ones, or changing relevant industrial
policies in a manner that may materially increase our compliance cost, change relevant industry landscape or otherwise cause significant
changes to our business operations in China, which could result in material and adverse changes in our operations and cause the value
of our securities to significantly decline or be worthless.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
PRC government has significant influence by allocating resources, providing preferential treatment to particular industries or companies,
or imposing industry<FONT>-wide</FONT> policies on certain industries. The PRC government may also amend or enforce existing rules and
regulation, or adopt ones, which could materially increase our compliance costs of the potential Joint Venture, change the relevant industry
landscape, or cause significant changes to the potential Joint Venture business operations in China. In addition, the PRC regulatory system
is based in part on government policies and internal guidance, some of which are not published on a timely basis, or at all, and some
of which may even have a retroactive effect. We may not be aware of all non<FONT>-compliance</FONT> incidents at all times, and we may
face regulatory investigation, fines and other penalties as a consequence. As a result of the changes in the industrial policies of the
PRC government, including the amendment to and/or enforcement of the related laws and regulations, companies with China<FONT>-based</FONT>
operations, including us, and the industries in which we operate, face significant compliance and operational risks and uncertainties.
For example, on July<FONT> </FONT>24, 2021, Chinese state media, including Xinhua News Agency and China Central Television, announced
a broad set of reforms targeting private education companies providing after<FONT>-school</FONT> tutoring services and prohibiting foreign
investments in institutions providing </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">30</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> such
after<FONT>-school</FONT> tutoring services. As a result, the market value of certain U.S. listed companies with China<FONT>-based</FONT>
operations in the affected sectors declined substantially. As of the date of this prospectus, we are not aware of any similar regulations
that may be adopted to significantly curtail our business operations. However, if such other adverse regulations or policies are adopted
in China, the potential Joint Venture may be materially and adversely affected, which may significantly disrupt our operations and adversely
affect our business. In the event any of the foregoing were to occur, we and the potential Joint Venture will take any and all actions
to remain in compliance with any such regulations or policies. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
may be subject to anti-monopoly concerns as a result of our doing business in China.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Article
3 of Anti<FONT>-Monopoly</FONT> Law of the People&rsquo;s Republic of China prohibits &ldquo;monopolistic practices,&rdquo; which include:
a) the conclusion of monopoly agreements between operators; b) the abuse of dominant market position by operators; c) concentration of
undertakings which has or may have the effect of eliminating or restricting market competition. Also, according to Article<FONT> </FONT>19,
the operator(s) will be assumed to have a dominant market position if it has following situation: a) an operator has 50% or higher market
share in a relevant market; b) two operators have 66% or higher market share in a relevant market; c) three operators have 75% or higher
market share in a relevant market. We believe we have not conducted any monopolistic practices in China, and that recent statements and
regulatory actions by the Chinese government do not impact our ability to conduct business, accept foreign investments, create the potential
Joint Venture with Wider or list on a U.S. or other foreign stock exchange. However, there can be no assurance that regulators in China
will not promulgate new laws and regulations or adopt new series of regulatory actions which may require us or the potential Joint Venture
to meet new requirements on the issues mentioned above. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
may be subject to regulatory and other risks if we were to operate Variable Interest Entities</FONT> <FONT STYLE="font-style: italic; font-weight: bold">in
China</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
July&nbsp;2021, the Chinese government provided new guidance on China<FONT>-based</FONT> companies raising capital outside of China, including
through arrangements called variable interest entities (&ldquo;VIEs&rdquo;). In light of such developments, the SEC has imposed enhanced
disclosure requirements on China<FONT>-based</FONT> companies seeking to register securities with the SEC. Although we do not have a VIE
structure, due to our potential Joint Venture, any future Chinese, U.S. or other rules and regulations that place restrictions on capital
raising or other activities may adversely affect our business and results of operations. If the business environment in China deteriorates
from the perspective of domestic or international investment, or if relations between China and the United&nbsp;States or other governments
deteriorate, the Chinese government may intervene with our operations and our business in China and United&nbsp;States, as well as the
market price of our securities, may also be adversely affected. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Our
business does not appear to be within the targeted areas of concern by the Chinese government. However, because of our intended potential
Joint Venture, there is a risk that the Chinese government may in the future seek to affect operations of any company with any level of
operations in Hong&nbsp;Kong or China, including its ability to offer securities to investors, list its securities on a U.S. or other
foreign exchange, conduct its business or accept foreign investment. Substantial uncertainties and restrictions with respect to the political
and economic policies of the PRC government and PRC laws and regulations could have a significant impact upon the business that we may
be able to conduct in the PRC and accordingly on the results of our operations and financial condition. If any or all of the foregoing
were to occur, it could, in turn, result in a material change in the Company&rsquo;s operations and/or the value of its common stock and/or
significantly limit or completely hinder its ability to offer or continue to offer securities to investors and cause the value of such
securities to significantly decline or be worthless. Furthermore, in the event any of the foregoing were to occur or to be interpreted
differently, we and the potential Joint Venture will take any and all actions to remain in compliance with any such laws or regulations
or detailed implementations and interpretations thereof. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to Our Intellectual Property</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">If
we are unable to obtain and maintain patent protection for our technologies and products, or if the scope of the patent protection obtained
is not sufficiently broad, our competitors could develop and commercialize technologies and products similar or identical to ours, and
our ability to successfully commercialize our technologies and products may be impaired.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
success depends in large part on our ability to obtain and maintain patent protection in the United&nbsp;States and other countries with
respect to our products. We seek to protect our proprietary position by filing patent </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">31</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">applications
in the United&nbsp;States and abroad related to our technologies and products. If we do not adequately protect our intellectual property,
competitors may be able to use our technologies and erode or negate any competitive advantage that we may have, which could harm our business
and ability to achieve profitability. To protect our proprietary positions, we file patent applications in the United&nbsp;States and
abroad related to our novel technologies and products that are important to our business. The patent application and prosecution processes
are expensive and time<FONT>-consuming</FONT>. We and our current licensees, or any future licensors and licensees may not be able to
file and prosecute all necessary or desirable patent applications at a reasonable cost or in a timely manner. We or our current licensees,
or any future licensors or licensees may also fail to identify patentable aspects of our research and development before it is too late
to obtain patent protection. Therefore, these and any of our patents and applications may not be prosecuted and enforced in a manner consistent
with the best interests of our business. It is possible that defects of form in the preparation or filing of our patents or patent applications
may exist, or may arise in the future, such as with respect to proper priority claims, inventorship, claim scope or patent term adjustments.
If our current licensees, or any future licensors or licensees, are not fully cooperative or disagree with us as to the prosecution, maintenance
or enforcement of any patent rights, such patent rights could be compromised and we might not be able to prevent third parties from making,
using and selling competing products. If there are material defects in the form or preparation of our patents or patent applications,
such patents or applications may be invalid and unenforceable. Moreover, our competitors may independently develop equivalent knowledge,
methods and know<FONT>-how</FONT>. Any of these outcomes could impair our ability to prevent competition from third parties. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Changes
in either the patent laws or interpretation of the patent laws in the United&nbsp;States and other countries may diminish the value of
our patents or narrow the scope of our patent protection. In addition, the laws of foreign countries may not protect our rights to the
same extent as the laws of the United&nbsp;States. Furthermore, recent changes in patent laws in the United&nbsp;States, including the
America Invents Act of 2011, may affect the scope, strength and enforceability of our patent rights or the nature of proceedings that
may be brought by us related to our patent rights. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
may not be aware of all third<FONT>-party</FONT> intellectual property rights potentially relating to our current and future our products.
Publications of discoveries in the scientific literature often lag behind the actual discoveries, and patent applications in the United&nbsp;States
and other jurisdictions are typically not published until eighteen months after filing, or in some cases not at all. Therefore, we cannot
be certain that we were the first to make the inventions claimed in our patents or pending patent applications, or that we were the first
to file for patent protection of such inventions. Similarly, should we own any patents or patent applications in the future, we may not
be certain that we were the first to file for patent protection for the inventions claimed in such patents or patent applications. As
a result, the issuance, scope, validity and commercial value of our patent rights cannot be predicted with any certainty. Moreover, we
may be subject to a third<FONT>-party</FONT> pre<FONT>-issuance</FONT> submission of prior art to the U.S. Patent and Trademark Office,
or USPTO, or become involved in opposition, derivation, re<FONT>-examination</FONT>, <FONT STYLE="font-style: italic; font-weight: normal">inter
partes </FONT>review or interference proceedings, in the United&nbsp;States or elsewhere, challenging our patent rights or the patent
rights of others. An adverse determination in any such submission, proceeding or litigation could reduce the scope of, or invalidate,
our patent rights, allow third parties to commercialize our technology or products and compete directly with us, without payment to us,
or result in our inability to manufacture or commercialize products without infringing third<FONT>-party</FONT> patent rights. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
pending and future patent applications may not result in patents being issued that protect our technology or products, in whole or in
part, or which effectively prevent others from commercializing competitive technologies and products. Even if our patent applications
issue as patents, they may not issue in a form that will provide us with any meaningful protection against competing products or processes
sufficient to achieve our business objectives, prevent competitors from competing with us or otherwise provide us with any competitive
advantage. Our competitors may be able to circumvent our owned or licensed patents by developing similar or alternative technologies or
products in a non<FONT>-infringing</FONT> manner. Alternatively, our competitors may seek approval to market their own products similar
to or otherwise competitive with our products. In these circumstances, we may need to defend and/or assert our patents, including by filing
lawsuits alleging patent infringement. In any of these types of proceedings, a court or other agency with jurisdiction may find our patents
invalid and/or unenforceable. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
issuance of a patent is not conclusive as to its inventorship, scope, validity or enforceability, and our owned and licensed patents may
be challenged in the courts or patent offices in the United&nbsp;States and abroad. Such challenges may result in loss of exclusivity
or freedom to operate or in patent claims being narrowed, invalidated or held unenforceable, in whole or in part, which could limit our
ability to stop others from using or commercializing similar </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">32</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">or
identical technologies and products, or limit the duration of the patent protection of our technologies and products. In addition, given
the amount of time required for the development, testing and regulatory review of new products, patents protecting such candidates might
expire before or shortly after such candidates are commercialized. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
may become involved in lawsuits to protect or enforce our patents or other intellectual property, which could be expensive, time-consuming
and unsuccessful.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Competitors
may infringe our issued patents, trademarks, copyrights or other intellectual property. To counter infringement or unauthorized use, we
may be required to file infringement claims, which can be expensive and time<FONT>-consuming</FONT> and divert the time and attention
of our management and scientific personnel. Any claims we assert against perceived infringers could provoke these parties to assert counterclaims
against us alleging that we infringe their patents, trademarks, copyrights or other intellectual property. In addition, in a patent infringement
proceeding, there is a risk that a court will decide that a patent of ours is invalid or unenforceable, in whole or in part, and that
we do not have the right to stop the other party from using the invention at issue. There is also a risk that, even if the validity of
such patents is upheld, the court will construe the patent&rsquo;s claims narrowly or decide that we do not have the right to stop the
other party from using the invention at issue on the grounds that our patents do not cover the invention. An adverse outcome in a litigation
or proceeding involving our patents could limit our ability to assert our patents against those parties or other competitors and may curtail
or preclude our ability to exclude third parties from making and selling similar or competitive products. Similarly, if we assert trademark
infringement claims, a court may determine that the marks we have asserted are invalid or unenforceable, or that the party against whom
we have asserted trademark infringement has superior rights to the marks in question. In this case, we could ultimately be forced to cease
use of such trademarks. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
any infringement litigation, any award of monetary damages we receive may not be commercially valuable. Furthermore, because of the substantial
amount of discovery required in connection with intellectual property litigation, there is a risk that some of our confidential information
could be compromised by disclosure during litigation. In addition, there could be public announcements of the results of hearings, motions
or other interim proceedings or developments and if securities analysts or investors perceive these results to be negative, it could have
a substantial adverse effect on the price of our common stock. Moreover, there can be no assurance that we will have sufficient financial
or other resources to file and pursue such infringement claims, which typically last for years before they are concluded. Some of our
competitors may be able to sustain the costs of such litigation or proceedings more effectively than we can because of their greater financial
resources and more mature and developed intellectual property portfolios. Even if we ultimately prevail in such claims, the monetary cost
of such litigation and the diversion of the attention of our management and scientific personnel could outweigh any benefit we receive
as a result of the proceedings. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Accordingly,
despite our efforts, we may not be able to prevent third parties from infringing, misappropriating or successfully challenging our intellectual
property rights. Uncertainties resulting from the initiation and continuation of patent litigation or other proceedings could have a negative
impact on our ability to compete in the marketplace. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Third
parties may initiate legal proceedings alleging that we are infringing their intellectual property rights, the outcome of which would
be uncertain and could significantly harm our business.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
commercial success depends, in part, on our ability to develop, manufacture, market and sell our products and use our proprietary technologies
without infringing the intellectual property and other proprietary rights of third parties. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
is potential for a substantial amount of intellectual property litigation in our industry, and we may become party to, or threatened with,
litigation or other adversarial proceedings regarding intellectual property rights with respect to our technology or products, including
interference proceedings before the USPTO. Intellectual property disputes arise in a number of areas including with respect to patents,
use of other proprietary rights and the contractual terms of license arrangements. Third parties may assert claims against us based on
existing or future intellectual property rights. The outcome of intellectual property litigation is subject to uncertainties that cannot
be adequately quantified in advance. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we are found to infringe a third party&rsquo;s intellectual property rights, we could be forced, including by court order, to cease developing,
manufacturing or commercializing the infringing product candidate or product. Alternatively, we may be required to obtain a license from
such third party in order to use the infringing technology and continue developing, manufacturing or marketing the infringing product
candidate. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">33</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">However,
we may not be able to obtain any required license on commercially reasonable terms or at all. Even if we were able to obtain a license,
it could be non<FONT>-exclusive</FONT>, thereby giving our competitors access to the same technologies licensed to us. In addition, we
could be found liable for monetary damages, including treble damages and attorneys&rsquo; fees if we are found to have willfully infringed
a patent. A finding of infringement could prevent us from commercializing our products or force us to cease some of our business operations.
Claims that we have misappropriated the confidential information or trade secrets of third parties could have a similar negative effect
on our business. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">If
we are unable to protect the confidentiality of our trade secrets, our business and competitive position would be harmed.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition to seeking patent and trademark protection for our products, we also rely on trade secrets, including unpatented know<FONT>-how</FONT>,
technology and other proprietary information, to maintain our competitive position. We seek to protect our trade secrets, in part, by
entering into non<FONT>-disclosure</FONT> and confidentiality agreements with parties who have access to them, such as our employees,
corporate collaborators, outside scientific collaborators, contract manufacturers, consultants, advisors and other third parties. We also
enter into confidentiality and invention or patent assignment agreements with our employees and consultants. Despite these efforts, any
of these parties may breach the agreements and disclose our proprietary information, including our trade secrets. Monitoring unauthorized
uses and disclosures of our intellectual property is difficult, and we do not know whether the steps we have taken to protect our intellectual
property will be effective. In addition, we may not be able to obtain adequate remedies for any such breaches. Enforcing a claim that
a party illegally disclosed or misappropriated a trade secret is difficult, expensive and time<FONT>-consuming</FONT>, and the outcome
is unpredictable. In addition, some courts inside and outside the United&nbsp;States are less willing or unwilling to protect trade secrets.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Moreover,
our competitors may independently develop knowledge, methods and know<FONT>-how</FONT> equivalent to our trade secrets. Competitors could
purchase our products and replicate some or all of the competitive advantages we derive from our development efforts for technologies
on which we do not have patent protection. If any of our trade secrets were to be lawfully obtained or independently developed by a competitor,
we would have no right to prevent them, or those to whom they communicate it, from using that technology or information to compete with
us. If any of our trade secrets were to be disclosed to or independently developed by a competitor, our competitive position would be
harmed. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
may not be able to protect our intellectual property rights throughout the world.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Filing,
prosecuting and defending patents on products in all countries throughout the world would be prohibitively expensive, and our intellectual
property rights in some countries outside the United&nbsp;States could be less extensive than those in the United&nbsp;States. In some
cases, we may not be able to obtain patent protection for certain licensed technology outside the United&nbsp;States. In addition, the
laws of some foreign countries do not protect intellectual property rights to the same extent as federal and state laws in the United&nbsp;States,
even in jurisdictions where we do pursue patent protection. Consequently, we may not be able to prevent third parties from practicing
our inventions in all countries outside the United&nbsp;States, even in jurisdictions where we do pursue patent protection or from selling
or importing products made using our inventions in and into the United&nbsp;States or other jurisdictions. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Competitors
may use our technologies in jurisdictions where we have not pursued and obtained patent protection to develop their own products and,
further, may export otherwise infringing products to territories where we have patent protection, but enforcement is not as strong as
that in the United&nbsp;States. These products may compete with our products and preclinical programs and our patents or other intellectual
property rights may not be effective or sufficient to prevent them from competing. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Many
companies have encountered significant problems in protecting and defending intellectual property rights in foreign jurisdictions. The
legal systems of certain countries, particularly certain developing countries, do not favor the enforcement of patents, trade secrets
and other intellectual property protection, particularly those relating to biotechnology products, which could make it difficult for us
to stop the infringement of our patents, if pursued and obtained, or marketing of competing products in violation of our proprietary rights
generally. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Proceedings
to enforce our patent rights in foreign jurisdictions could result in substantial costs and divert our efforts and attention from other
aspects of our business, could put our patents at risk of being invalidated or interpreted narrowly and our patent applications at risk
of not issuing and could provoke third parties to assert claims against us. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">34</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
may not prevail in any lawsuits that we initiate and the damages or other remedies awarded, if any, may not be commercially meaningful.
Accordingly, our efforts to enforce our intellectual property rights around the world may be inadequate to obtain a significant commercial
advantage from the intellectual property that we develop or license. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to Regulatory Approval of Our Products and Other Legal Compliance Matters</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Even
if we complete the necessary preclinical studies and clinical trials, the regulatory approval process is expensive, time-consuming and
uncertain and may prevent us or any future collaborators from obtaining approvals for the commercialization of some or all of our products.
As a result, we cannot predict when or if, and in which territories, we, or any future collaborators, will obtain marketing approval to
commercialize a product candidate.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
products and the activities associated with their development and commercialization, including their design, research, testing, manufacture,
safety, efficacy, quality control, recordkeeping, labelling, packaging, storage, approval, advertising, promotion, sale, distribution,
import, export and reporting of safety and other post<FONT>-market</FONT> information, are subject to comprehensive regulation by the
FDA and other foreign regulatory agencies including the NMPA. Failure to obtain marketing approval for a product candidate will prevent
us from commercializing the product candidate. As a result of the FDA reclassification ruling in December&nbsp;2019 which impacted the
classification of our devices which are described elsewhere in this prospectus, we had to suspend marketing of our first<FONT>-Generation</FONT>
medical device for the treatment of anxiety and insomnia. We are presently considering amending our previous 510(k) Application for the
treatment of anxiety and insomnia in the United States accordance with the FDA reclassification. Our Gen &ndash; 2 medical device has
not completed development or regulatory filings with the FDA. Securing marketing approval in the United States from the FDA requires the
submission of extensive preclinical and clinical data and supporting information to regulatory authorities for each therapeutic indication
to establish the product candidate&rsquo;s safety and efficacy. Securing marketing approval also requires the submission of information
about the product manufacturing process to, and inspection of manufacturing facilities by, the regulatory authorities. Our products may
not be effective, may be only moderately effective or may prove to have undesirable or unintended side effects, toxicities or other characteristics
that may preclude our obtaining marketing approval or prevent or limit commercial use. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition, changes in marketing approval policies during the development period, changes in or the enactment of additional statutes or
regulations or changes in regulatory review for each submitted product application may cause delays in the approval or rejection of an
application. Regulatory authorities have substantial discretion in the approval process and may refuse to accept any application or may
decide that our data is insufficient for approval and require additional preclinical, clinical, or other studies. In addition, varying
interpretations of the data obtained from preclinical and clinical testing could delay, limit, or prevent marketing approval of a product
candidate. Any marketing approval we ultimately obtain may be limited or subject to restrictions or post<FONT>-approval</FONT> commitments
that render the approved product not commercially viable. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we experience delays in obtaining approval or if we fail to obtain approval of our products, the commercial prospects for our products
may be harmed and our ability to generate revenues will be impaired. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Failure
to obtain marketing approval in foreign jurisdictions would prevent our products from being marketed in these territories. Any approval
we are granted for our products in the United&nbsp;States would not assure approval of our products in foreign jurisdictions.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">To
market and sell our products in China and any other jurisdictions, we must obtain separate marketing approvals and comply with numerous
and varying regulatory requirements. The approval procedure varies among countries and can involve additional testing. The time required
to obtain approval may differ substantially from that required to obtain approval from the FDA in the United States. The regulatory approval
process outside the United&nbsp;States generally includes all the risks associated with obtaining approval from the FDA. In addition,
in many countries outside the United&nbsp;States, it is required that the product be approved for reimbursement before the product can
be approved for sale in that country. We may not obtain approvals from regulatory authorities outside the United&nbsp;States on a timely
basis, if at all. Approval by the FDA does not ensure approval by regulatory authorities in other countries or jurisdictions, and approval
by one regulatory authority outside the United&nbsp;States does not ensure approval by </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">35</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">regulatory
authorities in other countries or jurisdictions or by the FDA. However, failure to obtain approval in one jurisdiction may impact our
ability to obtain approval elsewhere. We may not be able to file for marketing approvals and may not receive necessary approvals to commercialize
our products in any market. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">The
U.S. FDA, Chinese National Medical Products Administration and other comparable foreign regulatory authorities may not accept data from
trials conducted in locations outside of their jurisdiction.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have chosen, and may continue to choose, to conduct international clinical trials. The acceptance of study data by the U.S. FDA, Chinese
National Medical Products Administration (NMPA) or other comparable foreign regulatory authority from clinical trials conducted outside
of their respective jurisdictions may be subject to certain conditions. In cases where data from foreign clinical trials are intended
to serve as the basis for marketing approval in the United&nbsp;States, the FDA will generally not approve the application on the basis
of foreign data alone unless (1)&nbsp;the data are applicable to the United&nbsp;States population and United&nbsp;States medical practice;
(2)&nbsp;the trials are performed by clinical investigators of recognized competence and pursuant to Current Good Clinical Practice requirements;
and (3)&nbsp;the FDA is able to validate the data through an on<FONT>-site</FONT> inspection or other appropriate means. The FDA may accept
the use of some foreign data to support a marketing approval if the clinical trial meets certain requirements. Additionally, the FDA&rsquo;s
clinical trial requirements, including the adequacy of the subject population studied and statistical powering, must be met. Furthermore,
such foreign trials would be subject to the applicable local laws of the foreign jurisdictions where the trials are conducted. There can
be no assurance that the FDA, NMPA or any applicable foreign regulatory authority will accept data from trials conducted outside of its
respective jurisdiction. If the FDA, NMPA or any applicable foreign regulatory authority does not accept such data, it would result in
the need for additional trials, which would be costly and time<FONT>-consuming</FONT> and delay aspects of our business plan, and which
may result in our product candidates not receiving approval for commercialization in the applicable jurisdiction. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Even
if we obtain marketing approvals for our products, the terms of approvals and ongoing regulation of our products may limit how we manufacture
and market our products and compliance with such requirements may involve substantial resources, which could materially impair our ability
to generate revenue.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Even
if marketing approval of a product candidate is granted, an approved product and its manufacturer and marketer are subject to ongoing
review and extensive regulation, including the potential requirements to implement a risk evaluation and mitigation strategy or to conduct
costly post<FONT>-marketing</FONT> studies or clinical trials and surveillance to monitor the safety or efficacy of the product. We must
also comply with requirements concerning advertising and promotion for any of our products for which we obtain marketing approval. Promotional
communications are subject to a variety of legal and regulatory restrictions and must be consistent with the information in the product&rsquo;s
approved labelling. Thus, we will not be able to promote any products we develop for indications or uses for which they are not approved.
In addition, manufacturers of approved products and those manufacturers&rsquo; facilities are required to comply with extensive FDA requirements
including ensuring quality control and manufacturing procedures, which include requirements relating to quality control and quality assurance
as well as the corresponding maintenance of records and documentation and reporting requirements. We and our contract manufacturers could
be subject to periodic unannounced inspections by the FDA to monitor and ensure compliance. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Our
employees, independent contractors, principal investigators, consultants, commercial partners and vendors may engage in misconduct or
other improper activities, including non-compliance with regulatory standards and requirements.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are exposed to the risk of employee fraud or other misconduct or failure to comply with applicable regulatory requirements. Misconduct
by employees and independent contractors, such as principal investigators, consultants, commercial partners and vendors, could include
failures to comply with regulations of the FDA and other comparable regulatory authorities, to provide accurate information to such regulators,
to comply with manufacturing standards we have established, to comply with healthcare fraud and abuse laws, to report financial information
or data accurately or to disclose unauthorized activities to us. In particular, sales, marketing and other business arrangements in the
healthcare industry are subject to extensive laws intended to prevent fraud, kickbacks, self<FONT>-dealing</FONT> and other abusive practices.
These laws may restrict or prohibit a wide range of business activities, including, but not limited to, research, manufacturing, distribution,
pricing, discounting, marketing and promotion, sales commission, customer incentive programs and other business arrangements. Employee
and independent contractor misconduct could also involve the improper use of individually identifiable information, including, without
limitation, information obtained in the course of clinical trials, which could result in regulatory </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">36</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">sanctions
and serious harm to our reputation. In addition, federal procurement laws impose substantial penalties for misconduct in connection with
government contracts and require certain contractors to maintain a code of business ethics and conduct. It is not always possible to identify
and deter employee and independent contractor misconduct, and any precautions we take to detect and prevent improper activities may not
be effective in controlling unknown or unmanaged risks or losses or in protecting us from governmental investigations or other actions
or lawsuits stemming from a failure to comply with such laws. If any such actions are instituted against us, those actions could have
a significant impact on our business, including the imposition of civil, criminal and administrative penalties, damages, monetary fines,
disgorgement, possible exclusion from participation in Medicare, Medicaid and other federal healthcare programs, contractual damages,
reputational harm, diminished profits and future earnings, additional reporting or oversight obligations if we become subject to a corporate
integrity agreement or other agreement to resolve allegations of non<FONT>-compliance</FONT> with the law and curtailment or restructuring
of our operations, any of which could adversely affect our ability to operate. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Our
current and future relationships with healthcare professionals, principal investigators, consultants, customers and third-party payors
in the United&nbsp;States and elsewhere may be subject, directly or indirectly, to applicable anti-kickback, fraud and abuse, false claims,
physician payment transparency, health information privacy and security and other healthcare laws and regulations, which could expose
us to penalties.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Healthcare
providers, physicians, clinicians, and third<FONT>-party</FONT> payors in the United&nbsp;States and elsewhere will play a primary role
in the recommendation and prescription of any products for which we obtain marketing approval. Our current and future arrangements with
healthcare professionals, principal investigators, consultants, customers and third<FONT>-party</FONT> payors may expose us to broadly
applicable fraud and abuse and other healthcare laws, including, without limitation, the federal Anti<FONT>-Kickback</FONT> Statute and
the federal False Claims Act, that may constrain the business or financial arrangements and relationships through which we research, sell,
market and distribute any products for which we obtain marketing approval. In addition, we may be subject to physician payment transparency
laws and patient privacy and security regulation by the federal government and by the states and foreign jurisdictions in which we conduct
our business. The applicable federal, state and foreign healthcare laws that may affect our ability to operate include the following:
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
federal Anti<FONT>-Kickback</FONT> Statute, which prohibits, among other things, persons from knowingly and willfully soliciting, offering,
receiving or providing remuneration, directly or indirectly, in cash or in kind, to induce or reward, or in return for, either the referral
of an individual for, or the purchase, lease, order or recommendation of, any good, facility, item or service, for which payment may be
made, in whole or in part, under federal and state healthcare programs such as Medicare and Medicaid; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>federal
civil and criminal false claims laws, including the federal False Claims Act, which impose criminal and civil penalties, including through
civil whistle blower or <FONT STYLE="font-style: italic; font-weight: normal">qui tam </FONT>actions, against individuals or entities
for, among other things, knowingly presenting, or causing to be presented, to the federal government, including the Medicare and Medicaid
programs, claims for payment that are false or fraudulent or making a false statement to avoid, decrease or conceal an obligation to pay
money to the federal government; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
civil monetary penalties statute, which imposes penalties against any person or entity who, among other things, is determined to have
presented or caused to be presented a claim to a federal health program that the person knows or should know is for an item or service
that was not provided as claimed or is false or fraudulent; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
federal Health Insurance Portability and Accountability Act of 1996, or HIPAA, which created additional federal criminal statutes that
prohibit knowingly and willfully executing, or attempting to execute, a scheme to defraud any healthcare benefit program or obtain, by
means of false or fraudulent pretenses, representations or promises, any of the money or property owned by, or under the custody or control
of, any healthcare benefit program, regardless of whether the payor is public or private, knowingly and willfully embezzling or stealing
from a health care benefit program, willfully obstructing a criminal investigation of a health care offense and knowingly and willfully
falsifying, concealing or covering up by any trick or device a material fact or making any materially false statements in connection with
the delivery of, or payment for, healthcare benefits, items or services relating to healthcare matters; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>HIPAA,
as amended by the Health Information Technology for Economic and Clinical Health Act of 2009, or HITECH, and their respective implementing
regulations, which impose obligations on &ldquo;covered </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">37</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-position: inside; list-style-type: none; margin-top: 7pt; text-indent: 0pt; margin-top: 7pt; text-indent: 0pt">entities,&rdquo;
including certain healthcare providers, health plans, and healthcare clearinghouses, as well as their respective &ldquo;business associates&rdquo;
that create, receive, maintain or transmit individually identifiable health information for or on behalf of a covered entity, with respect
to safeguarding the privacy, security and transmission of individually identifiable health information; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
federal Physician Payments Sunshine Act, created under Section&nbsp;6002 of Patient Protection and Affordable Care Act, as amended by
the Health Care and Education Reconciliation Act, or collectively, the ACA, and its implementing regulations, created annual reporting
requirements for manufacturers of products, devices, biologicals and medical supplies for certain payments and &ldquo;transfers of value&rdquo;
provided to physicians and teaching hospitals, as well as ownership and investment interests held by physicians and their immediate family
members; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>analogous
state and foreign laws, such as state anti<FONT>-kickback</FONT> and false claims laws, which may apply to sales or marketing arrangements
and claims involving healthcare items or services reimbursed by non<FONT>-governmental</FONT> third<FONT>-party</FONT> payors, including
private insurers; state and foreign laws that require companies to comply with voluntary compliance guidelines and the relevant compliance
guidance promulgated by the federal government or to adopt compliance programs as prescribed by state laws and regulations, or that otherwise
restrict payments that may be made to healthcare providers; state and foreign laws that require manufacturers to report information related
to payments and other transfers of value to physicians and other healthcare providers or marketing expenditures; and state and foreign
laws governing the privacy and security of health information in certain circumstances, many of which differ from each other in significant
ways and often are not pre<FONT>-empted</FONT> by HIPAA, thus complicating compliance efforts. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Further,
the ACA, among other things, amended the intent requirement of the federal Anti<FONT>-Kickback</FONT> Statute and certain criminal statutes
governing healthcare fraud. A person or entity no longer needs to have actual knowledge of the statute or specific intent to violate it.
In addition, the ACA provided that the government may assert that a claim including items or services resulting from a violation of the
federal Anti- Kickback Statute constitutes a false or fraudulent claim for purposes of the False Claims Act. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Efforts
to ensure that our future business arrangements with third parties will comply with applicable healthcare laws and regulations may involve
substantial costs. It is possible that governmental authorities will conclude that our business practices may not comply with current
or future statutes, regulations or case law involving applicable fraud and abuse or other healthcare laws. If our operations are found
to be in violation of any of these laws or any other governmental regulations that may apply to us, we may be subject to significant civil,
criminal and administrative penalties, including, without limitation, damages, monetary fines, disgorgement, possible exclusion from participation
in Medicare, Medicaid and other federal healthcare programs, contractual damages, reputational harm, diminished profits and future earnings,
additional reporting or oversight obligations if we become subject to a corporate integrity agreement or other agreement to resolve allegations
of non<FONT>-compliance</FONT> with the law and curtailment or restructuring of our operations, any of which could adversely affect our
ability to operate our business and pursue our strategy. If any of the physicians or other healthcare providers or entities with whom
we expect to do business, including future collaborators, are found not to comply with applicable laws, they may be subject to criminal,
civil or administrative sanctions, including exclusions from participation in government healthcare programs, which could also affect
our business. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Recently
enacted and future legislation may increase the difficulty and cost for us and our collaborators to obtain marketing approval of and commercialize
our products and affect the prices we may obtain.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
the United&nbsp;States and some foreign jurisdictions, there have been a number of legislative and regulatory changes and proposed changes
regarding the healthcare system that could prevent, alter or delay marketing approval of our existing or future products, restrict or
regulate post<FONT>-approval</FONT> activities and affect our ability to profitably sell any products for which we obtain marketing approval.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Among
policy makers and payors in the United&nbsp;States and elsewhere, there is significant interest in promoting changes in healthcare systems
with the stated goals of containing healthcare costs, improving quality and/or expanding access. For example, the ACA, which was enacted
in the United&nbsp;States in March&nbsp;2010, includes measures to change health care delivery, decrease the number of individuals without
insurance, ensure access to certain basic health care services, and contain the rising cost of care. The healthcare reform movement, including
the enactment </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">38</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">of
the ACA, has significantly changed health care financing by both governmental and private insurers in the United&nbsp;States. With respect
to pharmaceutical manufacturers, the ACA increased the number of individuals with access to health care coverage, but it simultaneously
imposed, among other things, increased liability for rebates and discounts owed to certain entities and government health care programs,
and new transparency reporting requirements under the Physician Payments Sunshine Act. For a detailed discussion of the ACA&rsquo;s provisions
of importance to the pharmaceutical industry, as well as a description of reform legislation passed subsequent to the ACA, see the section
titled &ldquo;Business &mdash; Government Regulation &mdash; Healthcare Reform Efforts.&rdquo; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Since
its enactment, there have been judicial and Congressional challenges to certain aspects of the ACA, as well as efforts to repeal or replace
certain aspects of the ACA. We continue to evaluate the effect that the ACA and its possible repeal and replacement has on our business.
It is uncertain the extent to which any such changes may impact our business or financial condition. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition to the ACA, other federal health reform measures have been proposed and adopted in the United&nbsp;States. For example, legislation
has been enacted to reduce the level of reimbursement paid to providers under the Medicare program over time, as well as phase in alternative
payment models for provider services under the Medicare program with the goal of incentivizing the attainment of pre<FONT>-defined</FONT>
quality measures. As these measures are not fully in effect, and since the U.S. Congress could intervene to prevent their full implementation,
at this time, it is unclear how payment reductions or the introduction of the quality payment program will impact overall physician reimbursement
under the Medicare program. It is also unclear if changes in Medicare payments to providers would impact such providers&rsquo; willingness
to prescribe and administer our existing or future products, if approved. Further, there has been heightened governmental scrutiny over
the manner in which companies set prices for their marketed products. For example, there have been several recent Congressional inquiries
and proposed and enacted federal and state legislation designed to, among other things, review the relationship between pricing and patient
programs, and reform government program reimbursement methodologies for products. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
expect that the ACA, as well as other healthcare reform measures that may be adopted in the future, may result in more rigorous coverage
criteria and in additional downward pressure on the price that we receive for any approved product. Any reduction in reimbursement from
Medicare or other government programs may result in a similar reduction in payments from private payors. The implementation of cost containment
measures or other healthcare reforms may prevent us from being able to generate revenue, attain profitability or commercialize our products.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Legislative
and regulatory proposals have been made to expand post<FONT>-approval</FONT> requirements and restrict sales and promotional activities
for products. We cannot be sure whether additional legislative changes will be enacted, or whether the FDA regulations, guidance or interpretations
will be changed, or what the impact of such changes on the marketing approvals of our products, if any, may be. In addition, increased
scrutiny by the U.S. Congress of the FDA&rsquo;s approval process may significantly delay or prevent marketing approval, as well as subject
us to more stringent product labelling and post<FONT>-marketing</FONT> testing and other requirements. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Various
new healthcare reform proposals are emerging at the federal and state level. It is also possible that additional governmental action will
be taken in response to the COVID<FONT>-19</FONT> pandemic. Any new federal and state healthcare initiatives that may be adopted could
limit the amounts that federal and state governments will pay for healthcare products and services, and could harm our business, financial
condition and results of operations. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Our
business activities may be subject to the U.S. Foreign Corrupt Practices Act, or the FCPA, and similar anti-bribery and anti-corruption
laws of other countries in which we operate, as well as U.S. and certain foreign export controls, trade sanctions and import laws and
regulations. Compliance with these legal requirements could limit our ability to compete in foreign markets and subject us to liability
if we violate them.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we further expand our operations outside of the United&nbsp;States, we must dedicate additional resources to comply with numerous laws
and regulations in each jurisdiction in which we plan to operate. Our business activities may be subject to the FCPA and similar anti<FONT>-bribery</FONT>
or anti<FONT>-corruption</FONT> laws, regulations or rules of other countries in which we operate. The FCPA generally prohibits companies
and their employees and third<FONT>-party</FONT> intermediaries from offering, promising, giving or authorizing the provision of anything
of value, either directly or indirectly, to a non<FONT>-U</FONT>.S. government official in order to influence official action or otherwise
obtain or retain business. The FCPA also requires public companies to make and keep books and records that accurately and fairly reflect
the transactions of the corporation and to devise and maintain an adequate system of internal accounting controls. Our business is heavily
regulated and therefore involves significant interaction with public officials, including officials of non<FONT>-U</FONT>.S. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">39</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">governments.
Additionally, in many other countries, hospitals owned and operated by the government and doctors and other hospital employees would be
considered foreign officials under the FCPA. Recently the SEC and DOJ have increased their FCPA enforcement activities with respect to
biotechnology and pharmaceutical companies. There is no certainty that all our employees, agents or contractors, or those of our affiliates,
will comply with all applicable laws and regulations, particularly given the high level of complexity of these laws. Violations of these
laws and regulations could result in fines, criminal sanctions against us, our officers or our employees, disgorgement and other sanctions
and remedial measures and prohibitions on the conduct of our business. Any such violations could include prohibitions on our ability to
offer our products in one or more countries and could materially damage our reputation, our brand, our international activities, our ability
to attract and retain employees and our business, prospects, operating results and financial condition. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition, our products and technology may be subject to U.S. and foreign export controls, trade sanctions and import laws and regulations.
Governmental regulation of the import or export of our products and technology, or our failure to obtain any required import or export
authorization for our products, when applicable, could harm our international sales and adversely affect our revenue. Compliance with
applicable regulatory requirements regarding the export of our products may create delays in the introduction of our products in international
markets or, in some cases, prevent the export of our products to some countries altogether. Furthermore, U.S. export control laws and
economic sanctions prohibit the shipment of certain products and services to countries, governments and persons targeted by U.S. sanctions.
If we fail to comply with export and import regulations and such economic sanctions, penalties could be imposed, including fines and/or
denial of certain export privileges. Moreover, any new export or import restrictions, new legislation or shifting approaches in the enforcement
or scope of existing regulations, or in the countries, persons or products targeted by such regulations, could result in decreased use
of our products by, or in our decreased ability to export our products to, existing or potential customers with international operations.
Any decreased use of our products or limitation on our ability to export or sell access to our products would likely adversely affect
our business. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Risks
Related to this Offering, Ownership of Our Common Stock and Warrants and Our Status as a Public Company</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">An
active trading market for our common stock and warrants may not develop and you may not be able to resell your shares at or above the
initial offering price, if at all.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
offering constitutes the initial public offering of our securities, and no public market has previously existed for our securities. We
have applied to list our common stock and warrants on Nasdaq. Any delay in the commencement of trading of our common stock or warrants
on Nasdaq would impair the liquidity of the market for the shares and make it more difficult for holders to sell their shares of our common
stock or the warrants. If our common stock and warrants are listed and quoted on Nasdaq, there can be no assurance that an active trading
market for the shares or warrants will develop or be sustained after this offering is completed. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
initial offering price will be determined by negotiations among the lead underwriters and us. Among the factors to be considered in determining
the initial public offering price are our future prospects and the prospects of our industry in general, our revenue, net income and certain
other financial and operating information in recent periods, and the market prices of securities and certain financial and operating information
of companies engaged in activities similar to ours. However, there can be no assurance that, following the completion of this offering,
the shares of our common stock will trade at a price equal to or greater than the public offering price. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Warrants
are speculative in nature.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
warrants offered in this offering do not confer any rights of common stock ownership on their holders, such as voting rights or the right
to receive dividends, but rather merely represent the right to acquire shares of our common stock at a fixed price for a limited period
of time. Specifically, commencing on the date of issuance, holders of the warrants may exercise their right to acquire the common stock
and pay an exercise price of $[6.90] per share [115%] of the assumed public offering price of a unit), prior to three (3) years from the
date of issuance, after which date any unexercised warrants will expire and have no further value. In addition, there is no established
trading market for the warrants and, although we have been approved to list the warrants on Nasdaq, there can be no assurance that an
active trading market will develop. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">40</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">The
warrants may not have any value.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
warrants will be exercisable for three (3) years from the date of initial issuance at an initial exercise price equal to [115%] of the
public offering price per unit set forth on the cover page of this prospectus. There can be no assurance that the market price of our
shares of common stock will ever equal or exceed the exercise price of the warrants. In the event that the stock price of our shares of
common stock does not exceed the exercise price of the warrants during the period when the warrants are exercisable, the warrants may
not have any value.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">We
may redeem your unexpired warrants prior to their exercise at a time that is disadvantageous to you, thereby making your warrants worthless.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have the ability to redeem outstanding warrants at any time after they become exercisable and prior to their expiration, at a price of
$0.01 per warrant, provided that the last reported sales price of our shares equal or exceed $18.00 per share (as adjusted for share splits,
share capitalizations, rights issuances, subdivisions, reorganizations, recapitalizations and the like) for any 20 trading days within
a 30 trading<FONT>-day</FONT> period ending on the third trading day prior to the date we send the notice of redemption to the warrant
holders. If and when the warrants become redeemable by us, we may not exercise our redemption right if the issuance of shares upon exercise
of the warrants is not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such
registration or qualification. We will use our best efforts to register or qualify such shares under the blue sky laws of the state of
residence in those states in which the warrants were offered by us in this offering. Redemption of the outstanding warrants could force
you (i) to exercise your warrants and pay the exercise price therefor at a time when it may be disadvantageous for you to do so, (ii)
to sell your warrants at the then<FONT>-current</FONT> market price when you might otherwise wish to hold your warrants or (iii) to accept
the nominal redemption price which, at the time the outstanding warrants are called for redemption, is likely to be substantially less
than the market value of your warrants.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Holders
of the Warrants will have no rights as a common stockholder until they acquire our common stock.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Until
holders of the warrants acquire shares of our common stock upon exercise of the warrants, the holders will have no rights with respect
to shares of our common stock issuable upon exercise of the warrants. Upon exercise of the warrants, the holder will be entitled to exercise
the rights of a common stockholder as to the security exercised only as to matters for which the record date occurs after the exercise.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: bold">Our
Warrant Agreement will designate the courts of the State of New York or the United States District Court for the Southern District of
New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of our Warrants,
which could limit the ability of Warrant holders to obtain a favorable judicial forum for disputes with our Company.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
Warrant Agreement provides that, subject to applicable law, (i) any action, proceeding or claim against us arising out of or relating
in any way to the Warrant Agreement, including under the Securities Act, will be brought and enforced in the courts of the State of New
York or the United States District Court for the Southern District of New York, and (ii) that we irrevocably submit to such jurisdiction,
which jurisdiction shall be the exclusive forum for any such action, proceeding or claim. We will waive any objection to such exclusive
jurisdiction and that such courts represent an inconvenient forum.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Notwithstanding
the foregoing, these provisions of the Warrant Agreement will not apply to suits brought to enforce any liability or duty created by the
Exchange Act or any other claim for which the federal district courts of the United States of America are the sole and exclusive forum.
Any person or entity purchasing or otherwise acquiring any interest in any of our Warrants shall be deemed to have notice of and to have
consented to the forum provisions in our Warrant Agreement.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
any action, the subject matter of which is within the scope of the forum provisions of the Warrant Agreement, is filed in a court other
than courts of the State of New York or the United States District Court for the Southern District of New York (a &ldquo;foreign action&rdquo;)
in the name of any holder of our Warrants, such holder shall be deemed to have consented to: (x) the personal jurisdiction of the state
and federal courts located in the State of New York in connection with any action brought in any such court to enforce the forum provisions
(an &ldquo;enforcement action&rdquo;), and (y) having service of process made upon such Warrant holder in any such enforcement action
by service upon such Warrant holder&rsquo;s counsel in the foreign action as agent for such Warrant holder.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">41</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
choice<FONT>-of-forum</FONT> provision may limit a warrant holder&rsquo;s ability to bring a claim in a judicial forum that it finds favorable
for disputes with our Company, which may discourage such lawsuits. Alternatively, if a court were to find this provision of our Warrant
Agreement inapplicable or unenforceable with respect to one or more of the specified types of actions or proceedings, we may incur additional
costs associated with resolving such matters in other jurisdictions, which could materially and adversely affect our business, financial
condition and results of operations and result in a diversion of the time and resources of our management and Board of Directors.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">The
trading price of our common stock and warrants may be volatile, and you could lose all or part of your investment.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
trading price of our common stock and warrants following this offering is likely to be highly volatile and could be subject to wide &fllig;uctuations
in response to various factors, some of which are beyond our control, including limited trading volume. The stock market in general and
the market for companies in our industry in particular have experienced extreme volatility that has often been unrelated to the operating
performance of particular companies. As a result of this volatility, investors may not be able to sell their shares or warrants at or
above the price paid for the units. In addition to the factors discussed in this &ldquo;Risk Factors&rdquo; section and elsewhere in this
prospectus, these factors include: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
commencement, enrollment or results of our planned and future clinical trials; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
loss of any of our key scientific or management personnel; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>regulatory
or legal developments in the United&nbsp;States, China and other countries; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
success of competitive products or technologies; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>adverse
actions taken by regulatory agencies with respect to our clinical trials or manufacturers; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>changes
or developments in laws or regulations applicable to our products and preclinical program; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>changes
to our relationships with collaborators, manufacturers or suppliers; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
results of our testing and clinical trials; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>unanticipated
safety concerns; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>announcements
concerning our competitors or our industry in general; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>actual
or anticipated &fllig;uctuations in our operating results; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>changes
in financial estimates or recommendations by securities analysts; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>potential
acquisitions; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
results of our efforts to discover, develop, acquire or in<FONT>-license</FONT> additional products; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
trading volume of our securities on Nasdaq; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>sales
of our common stock by us, our executive officers and directors or our stockholders or the anticipation that such sales may occur in the
future; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>general
economic, political and market conditions and overall &fllig;uctuations in the financial markets in the United&nbsp;States or China; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>stock
market price and volume &fllig;uctuations of comparable companies and, in particular, those that operate in our industry; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>investors&rsquo;
general perception of us and our business. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> These
and other market and industry factors may cause the market price and demand for our common stock and warrants to fluctuate substantially,
regardless of our actual operating performance, which may limit or prevent investors from selling their shares of our common stock and
warrants at or above the price paid for the units or the </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">42</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">exercise
price of the warrants and may otherwise negatively affect the liquidity of our common stock. In addition, the stock market in general,
and companies in our industry in particular, have experienced extreme price and volume &fllig;uctuations that have often been unrelated
or disproportionate to the operating performance of these companies. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Some
companies that have experienced volatility in the trading price of their shares have been the subject of securities class&nbsp;action
litigation. Any lawsuit to which we are a party, with or without merit, may result in an unfavorable judgment. We also may decide to settle
lawsuits on unfavorable terms. Any such negative outcome could result in payments of substantial damages or fines, damage to our reputation
or adverse changes to our business practices. Defending against litigation is costly and time<FONT>-consuming</FONT> and could divert
our management&rsquo;s attention and our resources. Furthermore, during litigation, there could be negative public announcements of the
results of hearings, motions or other interim proceedings or developments, which could have a negative effect on the market price of our
common stock. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">If
equity research analysts do not publish research or reports, or publish unfavorable research or reports, about us, our business or our
market, our stock price and trading volume could decline.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
trading market for our common stock and warrants will be influenced by the research and reports that equity research analysts publish
about us and our business. We do not currently have and may never obtain research coverage by equity research analysts. Equity research
analysts may elect not to provide research coverage of our common stock after the completion of this offering, and such lack of research
coverage may adversely affect the market price of our common stock and warrants. In the event we do have equity research analyst coverage,
we will not have any control over the analysts or the content and opinions included in their reports. The price of our shares and warrants
could decline if one or more equity research analysts downgrade our shares or issue other unfavorable commentary or research about us.
If one or more equity research analysts ceases coverage of us or fails to publish reports on us regularly, demand for our shares could
decrease, which in turn could cause the trading price or trading volume of our common stock and warrants to decline. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">If
you purchase units in this offering, you will suffer immediate dilution of your investment.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
initial public offering price per unit is substantially higher than the as adjusted net tangible book value per share. Therefore, if you
purchase units (comprised of common stock and warrants) in this offering, you will pay a price per share that substantially exceeds our
as adjusted net tangible book value per share after this offering. Based on an assumed initial public offering price of $6.00 per share,
and assigning no value to the warrants, which is the minimum of the price range of the units set forth on the cover page of this prospectus,
you will experience immediate dilution of $5.15 per share, representing the difference between our as adjusted net tangible book value
per share after this offering and the assumed initial public offering price per share. For further information regarding the dilution
resulting from this offering, see the section titled &ldquo;Dilution&rdquo; in this prospectus. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">A
significant portion of our total outstanding shares are restricted from immediate resale but may be sold into the market in the near future.
This could cause the market price of our common stock to drop significantly, even if our business is doing well.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Sales
of a substantial number of shares of our common stock in the public market could occur at any time. If our stockholders sell, or the market
perceives that our stockholders intend to sell, substantial amounts of our common stock in the public market following this offering,
the market price of our common stock could decline significantly. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Upon
completion of this offering, we will have outstanding 6,464,961<FONT> </FONT>shares of our common stock, based on the number of shares
of common stock outstanding as of August<FONT> </FONT>22, 2022. Of these shares, the 1,500,000<FONT> </FONT>shares sold in this offering
will be freely tradable and [1,696,112] pre offering shares will be eligible for sale in the public market immediately upon the effectiveness
of the registration statement of which this prospectus forms a part. An additional [3,145,223] shares of our common stock (including an
aggregate of 1,667,856<FONT> </FONT>shares held by officers, directors and affiliates) will be available for sale in the public market
beginning 180&nbsp;days after the date of this prospectus following the expiration of lock<FONT>-up</FONT> agreements between our stockholders
and the underwriters, subject in certain circumstances to the volume, manner of sale and other limitations under Rule&nbsp;144 and Rule&nbsp;701.
The representatives of the underwriters may release those stockholders subject to a lock<FONT>-up</FONT> agreement from their lock<FONT>-up</FONT>
agreements with the underwriters at any time, which would allow for earlier sales of shares in the public market. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">43</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">There
can be no assurances that our shares and warrants once listed on Nasdaq will not be subject to potential delisting if we do not continue
to maintain the listing requirements of Nasdaq, which could negatively impact the price and value of our securities and your ability to
sell them.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have applied to list the shares of our common stock and warrants on the Capital Market tier of the Nasdaq Capital Market, or Nasdaq, under
the symbols &ldquo;NXL&rdquo; and &ldquo;NXLIW&rdquo;. Nasdaq has rules for continued listing, including, without limitation, minimum
market capitalization, minimum stockholders&rsquo; equity and other requirements. Failure to maintain our listing (i.e., being de<FONT>-listed</FONT>
from Nasdaq) could result in significant consequences for us and our security holders including:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>making
it more difficult for holders to sell our common stock or warrants and more difficult to obtain accurate price quotations for such securities;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>resulting
in an adverse effect on the price of our common stock and warrants;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>adversely
our ability to issue additional securities for financing or other purposes, or otherwise to arrange for any financing we may need in the
future;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>resulting
in determination that our common stock is a &ldquo;penny stock,&rdquo; which will require brokers trading in our common stock to adhere
to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our common stock;
and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>
reducing the amount of news and analyst coverage of our company and our securities.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: italic; font-weight: bold"></FONT><FONT STYLE="font-style: italic; font-weight: bold">Concentration
of ownership of our common stock among our existing executive officers, directors and principal stockholders may prevent new investors
from </FONT><FONT STYLE="font-style: italic; font-weight: bold">influencing</FONT><FONT STYLE="font-style: italic; font-weight: bold">
significant corporate decisions and matters submitted to stockholders for approval.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Upon
completion of this offering, our executive officers, directors and current beneficial owners of 5% or more of our common stock and their
respective affiliates will, in the aggregate, beneficially own approximately 25.1% of our outstanding common stock, based on the number
of shares of our common stock outstanding as of August<FONT> </FONT>22, 2022 (on an as adjusted basis pursuant to our reorganization and
excluding warrants outstanding for 21,600 underlying shares with an exercise price of $10.00 per share and the warrants included in the
units). As a result, these persons, acting together, would be able to significantly influence all matters requiring stockholder approval,
including the election and removal of directors, any merger, consolidation or sale of all or substantially all of our assets or other
significant corporate transactions. In addition, these persons, acting together, may have the ability to control the management and affairs
of our company. Accordingly, this concentration of ownership may harm the market price of our common stock by: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>delaying,
deferring or preventing a change in control; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>entrenching
our management and/or the board of directors; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>impeding
a merger, consolidation, takeover or other business combination involving us; or </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>discouraging
a potential acquirer from making a tender offer or otherwise attempting to obtain control of us. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition, some of these persons or entities may have interests different than yours. For example, because many of these stockholders purchased
their shares at prices substantially below the price at which shares are being sold in this offering and have held their shares for a
longer period, they may be more interested in selling our company to an acquirer than other investors, or they may want us to pursue strategies
that deviate from the interests of other stockholders. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">44</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Provisions
in our corporate charter documents and under Delaware law could make an acquisition of our company, which may be beneficial to our stockholders,
more difficult and may prevent attempts by our stockholders to replace or remove our current management.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> Provisions
in our amended and restated certificate of incorporation and our amended and restated bylaws that became effective on December<FONT> </FONT>1,
2021 (as amended August<FONT> </FONT>11, 2022) may discourage, delay or prevent a merger, acquisition or other change in control of our
company that stockholders may consider favorable, including transactions in which you might otherwise receive a premium for your shares.
These provisions also could limit the price that investors might be willing to pay in the future for shares of our common stock, thereby
depressing the market price of our common stock. In addition, because our board of directors is responsible for appointing the members
of our management team, these provisions may frustrate or prevent any attempts by our stockholders to replace or remove our current management
by making it more difficult for stockholders to replace members of our board of directors. Among other things, these provisions: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>establish
a classified board of directors such that not all members of the board are elected at one time; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>allow
the authorized number of our directors to be changed only by resolution of our board of directors; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>limit
the manner in which stockholders can remove directors from the board; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>establish
advance notice requirements for stockholder proposals that can be acted on at stockholder meetings and nominations to our board of directors;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>require
that stockholder actions must be effected at a duly called stockholder meeting and prohibit actions by our stockholders by written consent;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>limit
who may call stockholder meetings; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>require
the approval of the holders of at least 66.66% of the votes that all our stockholders would be entitled to cast to amend or repeal certain
provisions of our charter or bylaws. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Moreover,
because we are incorporated in Delaware, we are governed by the provisions of Section&nbsp;203 of the Delaware General Corporation Law,
which prohibits a person who owns in excess of 15% of our outstanding voting stock from merging or combining with us for a period of three
years after the date of the transaction in which the person acquired more than 15% of our outstanding voting stock, unless the merger
or combination is approved in a prescribed manner. These provisions could discourage potential acquisition proposals and could delay or
prevent a change in control transaction. They could also have the effect of discouraging others from making tender offers for our common
stock, including transactions that may be in your best interests. These provisions may also prevent changes in our management or limit
the price that investors are willing to pay for our stock. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Our
amended and restated certificate of incorporation will provide that the Court of Chancery of the State of Delaware and the federal district
courts of the United&nbsp;States of America will be the exclusive forums for substantially all disputes between us and our stockholders,
including claims under the Securities Act and the Exchange Act, which could limit our stockholders&rsquo; ability to obtain a favorable
judicial forum for disputes with us or our directors, officers or employees.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Our
amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware is the exclusive forum
for: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
derivative action or proceeding brought on our behalf; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
action asserting a breach of fiduciary duty; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
action asserting a claim against us or any of our directors, officers, employees or agents arising under the DGCL, our amended and restated
certificate of incorporation or our amended and restated bylaws; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
action or proceeding to interpret, apply, enforce or determine the validity of our amended and restated certificate of incorporation or
our amended and restated bylaws; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
action asserting a claim against us or any of our directors, officers, employees or agents that is governed by the internal<FONT>-affairs</FONT>
doctrine. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">45</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
amended and restated certificate of incorporation further provides that the federal district courts of the United&nbsp;States of America
will be the exclusive forum for resolving any complaint asserting a cause of action arising under the Securities Act and the Exchange
Act. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">These
exclusive<FONT>-forum</FONT> provisions may limit a stockholder&rsquo;s ability to bring a claim in a judicial forum that it finds favorable
for disputes with us or our directors, officers or other employees, which may discourage lawsuits against us and our directors, officers
and other employees. If a court were to find either exclusive<FONT>-forum</FONT> provision in our amended and restated certificate of
incorporation to be inapplicable or unenforceable in an action, we may incur additional costs associated with resolving the dispute in
other jurisdictions. We note that there is uncertainty as to whether a court would enforce such exclusive<FONT>-forum</FONT> provision
and that provision may result in increased costs for investors to bring a claim. We also note that investors cannot waive compliance with
the federal securities laws and the rules and regulations thereunder, and that Section&nbsp;22 of the Securities Act creates concurrent
jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the
rules and regulations thereunder. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
are an &ldquo;emerging growth company&rdquo; and as a result of the reduced disclosure and governance requirements applicable to emerging
growth companies, our common stock and warrants may be less attractive to investors.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are an &ldquo;emerging growth company&rdquo; as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act, we do not
intend to take advantage of some of the exemptions from reporting requirements that are applicable to other public companies that are
not emerging growth companies, including: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>not
being required to comply with the auditor attestation requirements of Section&nbsp;404 of the Sarbanes<FONT>-Oxley</FONT> Act of 2002,
as amended, or the Sarbanes<FONT>-Oxley</FONT> Act; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>not
being required to comply with any requirements that may be adopted by the Public Company Accounting Oversight Board regarding mandatory
audit firm rotation or a supplement to the auditor&rsquo;s report providing additional information about the audit and the financial statements;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>reduced
disclosure obligations regarding executive compensation in our periodic reports, proxy statements and registration statements; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>exemptions
from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute
payments not previously approved. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
cannot predict if investors will find our common stock or warrants less attractive because we will rely on these exemptions. If some investors
find our common stock or warrants less attractive as a result, there may be a less active trading market for our common stock and warrants
and the trading prices for our securities may be more volatile. We may take advantage of these exemptions until the last day of our fiscal
year following the fifth anniversary of the completion of this offering. However, if any of the following events occur prior to the end
of such five<FONT>-year</FONT> period, (i)&nbsp;our annual gross revenue exceeds $1.07<FONT> </FONT>billion, (ii)&nbsp;we issue more than
$1.0<FONT> </FONT>billion of non<FONT>-convertible</FONT> debt in any three<FONT>-year</FONT> period or (iii)&nbsp;we become a &ldquo;large
accelerated filer,&rdquo; (as defined in Rule&nbsp;12b<FONT>-2</FONT> under the Exchange Act), we will cease to be an emerging growth
company prior to the end of such five<FONT>-year</FONT> period. We will be deemed to be a &ldquo;large accelerated filer&rdquo; at such
time that we (a)&nbsp;have an aggregate worldwide market value of common equity securities held by non<FONT>-affiliates</FONT> of $700<FONT>
</FONT>million or more as of the last business day of our most recently completed second fiscal quarter, (b)&nbsp;have been required to
file annual and quarterly reports under the Exchange Act, for a period of at least twelve months and (c)&nbsp;have filed at least one
annual report pursuant to the Exchange Act. Even after we no longer qualify as an emerging growth company, we may still qualify as a &ldquo;smaller
reporting company,&rdquo; which would allow us to take advantage of many of the same exemptions from disclosure requirements including
reduced disclosure obligations regarding executive compensation in this prospectus and our periodic reports and proxy statements. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Under
the JOBS Act, emerging growth companies can also delay adopting new or revised accounting standards until such time as those standards
apply to private companies. We have irrevocably elected to avail ourselves of this exemption from new or revised accounting standards
and, therefore, will be subject to the same new or revised accounting standards as other public companies that are emerging growth companies.
As a result, changes in rules of U.S. generally accepted accounting principles or their interpretation, the adoption of new guidance or
the application of existing guidance to changes in our business could significantly affect our financial position and results of operations.
</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">46</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">If
we fail to maintain proper and effective internal controls, our ability to produce accurate financial statements on a timely basis could
be impaired.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">After
the completion of this offering, we will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended,
the Sarbanes<FONT>-Oxley</FONT> Act and the rules and regulations of The Nasdaq Capital Market, or Nasdaq. The Sarbanes<FONT>-Oxley</FONT>
Act requires, among other things, that we maintain effective disclosure controls and procedures and internal control over financial reporting.
Beginning with our second annual report following our initial public offering, we must perform system and process evaluation and testing
of our internal control over financial reporting to allow management to report on the effectiveness of our internal control over financial
reporting in our Form&nbsp;10<FONT>-K</FONT> filing for that year, as required by Section&nbsp;404 of the Sarbanes<FONT>-Oxley</FONT>
Act. This will require that we incur substantial additional professional fees and internal costs to expand our accounting and finance
functions and that we expend significant management efforts. Prior to this offering, we have never been required to test our internal
controls within a specified period, and, as a result, we may experience difficulty in meeting these reporting requirements in a timely
manner. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
may discover weaknesses in our system of internal financial and accounting controls and procedures that could result in a material misstatement
of our consolidated financial statements. Our internal control over financial reporting will not prevent or detect all errors and all
fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control
system&rsquo;s objectives will be met. Because of the inherent limitations in all control systems, no evaluation of controls can provide
absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud will be detected.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we are not able to comply with the requirements of Section&nbsp;404 of the Sarbanes<FONT>-Oxley</FONT> Act in a timely manner, or if we
are unable to maintain proper and effective internal controls, we may not be able to produce timely and accurate financial statements.
If that were to happen, the market price of our common stock could decline and we could be subject to sanctions or investigations by Nasdaq,
the SEC, or other regulatory authorities. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
will have broad discretion in the use of proceeds from this offering and may invest or spend the proceeds in ways with which you do not
agree and in ways that may not increase the value of your investment.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
management will have broad discretion in the application of our cash, including the net proceeds from this offering, and could spend the
proceeds in ways that do not improve our results of operations or enhance the value of our common stock. The failure by our management
to apply these funds effectively could result in financial losses that could have a negative impact on our business, cause the price of
our common stock to decline and delay the development of our products and preclinical program. Pending their use, we may invest our cash,
including the net proceeds from this offering, in a manner that does not produce income or that loses value. See the section titled &ldquo;Use
of Proceeds&rdquo; for additional information. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Because
we do not anticipate paying any cash dividends on our common stock in the foreseeable future, capital appreciation, if any, will be your
sole source of gains and you may never receive a return on your investment.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">You
should not rely on an investment in our common stock to provide dividend income. We have never declared or paid a dividend on our common
stock to date, and we currently intend to retain our future earnings, if any, to fund the development and growth of our business. As a
result, capital appreciation, if any, on our common stock will be your sole source of gains for the foreseeable future. Investors seeking
cash dividends should not purchase our common stock in this offering. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Recent
and potential future changes to U.S. and non-U.S. tax laws could materially adversely affect our company.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Existing,
new or future changes in tax laws, regulations and treaties, or the interpretation thereof, in addition to tax policy initiatives and
reforms under consideration in the United&nbsp;States or internationally and other initiatives could have an adverse effect on the taxation
of international businesses. Furthermore, countries where we are subject to taxes, including the United&nbsp;States, are independently
evaluating their tax policy and we may see significant changes in legislation and regulations concerning taxation. On December<FONT> </FONT>22,
2019, President Trump signed into law new legislation, commonly referred to as the Tax Cuts and Jobs Act, that significantly revises the
Code. The Tax Cuts and Jobs Act, among other things, contains significant changes to corporate taxation, including reduction of the corporate
tax rate from a top marginal rate of 35% to a &fllig;at rate of 21%, limitation of the tax deduction for interest </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">47</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">expense
to 30% of adjusted earnings (except for certain small businesses), limitation of the deduction for net operating losses to 80% of current
year taxable income and elimination of net operating loss carry backs, one time taxation of offshore earnings at reduced rates regardless
of whether they are repatriated, elimination of U.S. tax on foreign earnings (subject to certain important exceptions), immediate deductions
for certain new investments instead of deductions for depreciation expense over time, and modifying or repealing many business deductions
and credits. Notwithstanding the reduction in the corporate income tax rate, the overall impact of the Tax Cuts and Jobs Act is uncertain
and our business and financial condition could be adversely affected. The impact of this tax reform on holders of our common stock is
also uncertain and could be adverse. Other legislative changes could also affect the taxation of holders of our common stock. We are unable
to predict what tax reform may be proposed or enacted in the future or what effect such changes would have on our business, but such changes,
to the extent they are brought into tax legislation, regulations, policies or practices, could affect our effective tax rates in the future
in countries where we have operations and have an adverse effect on our overall tax rate in the future, along with increasing the complexity,
burden and cost of tax compliance. We urge our stockholders to consult with their legal and tax advisors with respect to any such legislative
changes and the potential tax consequences of investing in or holding our common stock. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Tax
authorities may disagree with our positions and conclusions regarding certain tax positions, resulting in unanticipated costs, taxes or
non-realization of expected benefits.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
tax authority may disagree with tax positions that we have taken, which could result in increased tax liabilities. For example, the Internal
Revenue Service or another tax authority could challenge our allocation of income by tax jurisdiction and the amounts paid between our
affiliated companies pursuant to our intercompany arrangements and transfer pricing policies, including amounts paid with respect to our
intellectual property development. Similarly, a tax authority could assert that we are subject to tax in a jurisdiction where we believe
we have not established a taxable connection, often referred to as a &ldquo;permanent establishment&rdquo; under international tax treaties,
and such an assertion, if successful, could increase our expected tax liability in one or more jurisdictions. The foregoing are only selected
examples of potential challenges, and other tax positions we have taken or may take in the future could become the subject of disputes
with one or more tax authorities. A tax authority may take the position that material income tax liabilities, interest and penalties are
payable by us, in which case, we expect that we might contest such assessment. Contesting such an assessment may be lengthy and costly
and if we were unsuccessful in disputing the assessment, the implications could increase our anticipated effective tax rate, where applicable.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">We
will incur significantly increased costs as a result of operating as a company whose common stock is publicly traded in the United&nbsp;States,
and our management will be required to devote substantial time to new compliance initiatives.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
a public company in the United&nbsp;States, we will incur significant legal, accounting and other expenses that we did not incur previously.
These expenses will likely be even more significant after we no longer qualify as an emerging growth company. The Sarbanes<FONT>-Oxley</FONT>
Act, the Dodd<FONT>-Frank</FONT> Wall Street Reform and Consumer Protection Act, the listing requirements of Nasdaq and other applicable
securities rules and regulations impose various requirements on public companies in the United&nbsp;States, including the establishment
and maintenance of effective disclosure and financial controls and corporate governance practices. Our senior management and other personnel
will need to devote a substantial amount of time to these compliance initiatives. Moreover, these rules and regulations will increase
our legal and financial compliance costs and will make some activities more time<FONT>-consuming</FONT> and costly. For example, we expect
that these rules and regulations may make it more difficult and more expensive for us to obtain director and officer liability insurance,
which in turn could make it more difficult for us to attract and retain qualified senior management personnel or members for our board
of directors. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">However,
these rules and regulations are often subject to varying interpretations, in many cases due to their lack of specificity, and, as a result,
their application in practice may evolve over time as new guidance is provided by regulatory and governing bodies. This could result in
continuing uncertainty regarding compliance matters and higher costs necessitated by ongoing revisions to disclosure and governance practices.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Pursuant
to Section&nbsp;404, we will be required to furnish a report by our senior management on our internal control over financial reporting.
However, while we remain an emerging growth company, we will not be required to include an attestation report on internal control over
financial reporting issued by our independent registered public accounting firm. To prepare for eventual compliance with Section&nbsp;404,
we will be engaged in a process to document </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">48</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">and
evaluate our internal control over financial reporting, which is both costly and challenging. In this regard, we will need to continue
to dedicate internal resources, potentially engage outside consultants and adopt a detailed work plan to assess and document the adequacy
of internal control over financial reporting, continue steps to improve control processes as appropriate, validate through testing that
controls are functioning as documented and implement a continuous reporting and improvement process for internal control over financial
reporting. Despite our efforts, there is a risk that we will not be able to conclude, within the prescribed timeframe or at all, that
our internal control over financial reporting is effective as required by Section&nbsp;404. If we identify one or more material weaknesses,
it could result in an adverse reaction in the financial markets due to a loss of confidence in the reliability of our consolidated financial
statements. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Recent
joint statements by the SEC and the Public Company Accounting Oversight Board (&ldquo;PCAOB&rdquo;) proposed rule changes under the Holding
Foreign Companies Accountable Act that call for additional and more stringent criteria to be applied to emerging market companies upon
assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected by the PCAOB. These developments
could add uncertainties to certain foreign issuers in their continued listing or future offerings of securities in the U.S.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
May<FONT> </FONT>20, 2020, the U.S. Senate passed the Holding Foreign Companies Accountable Act requiring a foreign company to certify
it is not owned or controlled by a foreign government if the PCAOB is unable to audit specified reports because the company uses a foreign
auditor not subject to PCAOB inspection. If the PCAOB is unable to inspect the company&rsquo;s auditors for three consecutive years, the
issuer&rsquo;s securities are prohibited to trade on a national exchange. On December<FONT> </FONT>2, 2020, the U.S. House of Representatives
approved the Holding Foreign Companies Accountable Act. On December<FONT> </FONT>18, 2020, the Holding Foreign Companies Accountable Act
was signed into law. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
March<FONT> </FONT>24, 2021, the SEC adopted interim final rules relating to the implementation of certain disclosure and documentation
requirements of the Holding Foreign Companies Accountable Act. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
June<FONT> </FONT>22, 2021, the U.S. Senate passed a bill which, if passed by the U.S. House of Representatives and signed into law, would
reduce the number of consecutive non<FONT>-inspection</FONT> years required for triggering the prohibitions under the Holding Foreign
Companies Accountable Act from three years to two. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
lack of access to the PCAOB inspection in China prevents the PCAOB from fully evaluating audits and quality control procedures of the
auditors based in China. As a result, investors may be deprived of the benefits of such PCAOB inspections. The inability of the PCAOB
to conduct inspections of auditors in China makes it more difficult to evaluate the effectiveness of these accounting firm&rsquo;s audit
procedures or quality control procedures as compared to auditors outside of China that are subject to the PCAOB inspections, which could
cause investors and potential investors in certain issuer&rsquo;s securities to lose confidence in audit procedures and reported financial
information and the quality of financial statements. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
auditor, the independent registered public accounting firm that issues the audit report included elsewhere in this annual report and an
auditor of companies that are traded publicly in the United&nbsp;States and a firm registered with the PCAOB, is subject to laws in the
United&nbsp;States pursuant to which the PCAOB conducts regular inspections to assess its compliance with the applicable professional
standards. Our auditor is headquartered in the United&nbsp;States and has been inspected by the PCAOB on a regular basis. We are a U.S.<FONT>-based</FONT>
entity, and we maintain all financial records in the U.S., and we do not maintain any such records in any foreign jurisdictions as of
the date of this filing. Furthermore, although we believe that there are no foreseeable risks under the Holding Foreign Companies Accountable
Act, there may be perceived market risks associated with such act that are beyond our control due to our prospective joint venture arrangements
in China as described elsewhere in this filing, as well as any records in the future that may be maintained in China. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">49</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T04"></A><FONT STYLE="font-style: normal; font-weight: bold">SPECIAL
NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
prospectus contains forward<FONT>-looking</FONT> statements that involve substantial risks and uncertainties. All statements other than
statements of historical facts contained in this prospectus, including statements regarding our future results of operations and financial
position, business strategy, prospective products, product approvals, research and development costs, future revenue, timing and likelihood
of success, plans and objectives of management for future operations, and future results of anticipated products and prospects are forward<FONT>-looking</FONT>
statements. In some cases, you can identify forward<FONT>-looking</FONT> statements by the words &ldquo;may,&rdquo; &ldquo;might,&rdquo;
&ldquo;will,&rdquo; &ldquo;could,&rdquo; &ldquo;would,&rdquo; &ldquo;should,&rdquo; &ldquo;expect,&rdquo; &ldquo;intend,&rdquo; &ldquo;plan,&rdquo;
&ldquo;objective,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;estimate,&rdquo; &ldquo;predict,&rdquo; &ldquo;project,&rdquo;
&ldquo;potential,&rdquo; &ldquo;continue&rdquo; and &ldquo;ongoing,&rdquo; or the negative of these terms, or other comparable terminology
intended to identify statements about the future. These statements involve known and unknown risks, uncertainties and other important
factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information
expressed or implied by these forward<FONT>-looking</FONT> statements. Although we believe that we have a reasonable basis for each forward<FONT>-looking</FONT>
statement contained in this prospectus, we caution you that these statements are based on a combination of facts and factors currently
known by us and our expectations of the future, about which we cannot be certain. Forward<FONT>-looking</FONT> statements include, but
are not limited to, statements about:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
plans to develop and commercialize our products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
planned clinical trials for our products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
timing of the availability of data from our clinical trials;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
timing of our selection of an initial clinical candidate from our program;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
ability to take advantage of benefits offered by current and pending legislation related to the development of products addressing antimicrobial
resistance;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
timing of our planned regulatory filings;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
timing of and our ability to obtain and maintain regulatory approvals for our products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
clinical utility of our products and their potential advantages compared to other treatments;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
commercialization, marketing and distribution capabilities and strategy;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
ability to establish and maintain arrangements for the manufacture of our products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
ability to establish and maintain collaborations and to recognize the potential benefits of such collaborations;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
estimates regarding the market opportunities for our products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
intellectual property position and the duration of our patent rights;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
estimates regarding future expenses, capital requirements and needs for additional financing; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>our
expected use of proceeds from this offering.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">You
should read this prospectus (as it may be supplemented or amended) and the documents that we reference herein and have filed as exhibits
to the registration statement, of which this prospectus is part, completely and with the understanding that our actual future results
may be materially different from what we expect. You should assume that the information appearing in this prospectus is accurate as of
the date on the front cover of this prospectus only. In particular, you should refer to the &ldquo;Risk Factors&rdquo; section of this
prospectus for a discussion of important factors that may cause our actual results to differ materially from those expressed or implied
by our forward<FONT>-looking</FONT> statements. As a result of these factors, we cannot assure you that the forward<FONT>-looking</FONT>
statements in this prospectus will prove to be accurate. Furthermore, if our forward<FONT>-looking</FONT> statements prove to be inaccurate,
the inaccuracy may be material. In light of the significant uncertainties in these forward<FONT>-looking</FONT> statements, you should
not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in
any specified time frame, or at all. We undertake no obligation to publicly update any forward<FONT>-looking</FONT> statements, whether
as a result of new information, future events or otherwise, except as required by law.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">50</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
prospectus also contains estimates, projections and other information concerning our industry, our business, and the markets for our products.
Information that is based on estimates, forecasts, projections, market research or similar methodologies is inherently subject to uncertainties,
and actual events or circumstances may differ materially from events and circumstances that are assumed in this information. Unless otherwise
expressly stated, we obtained this industry, business, market and other data from our own internal estimates and research as well as from
reports, research surveys, studies and similar data prepared by market research firms and other third parties, industry, medical and general
publications, government data and similar sources. While we believe our internal company research is reliable and the market definitions
are appropriate, neither such research nor definitions have been verified by an independent source. While we believe that each of these
studies and publications is reliable, we have not independently verified market and industry data from third<FONT>-party</FONT> sources.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition, assumptions and estimates of our and our industry&rsquo;s future performance are necessarily subject to a high degree of uncertainty
and risk due to a variety of factors, including those described in the section titled &ldquo;Risk Factors.&rdquo; These and other factors
could cause our future performance to differ materially from our assumptions and estimates.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">51</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T05"></A><FONT STYLE="font-style: normal; font-weight: bold">USE
OF PROCEEDS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Based
upon gross proceeds of $9,000,000 from the sale of our securities in this offering (assuming an offering price at the minimum of the range),
we estimate that the net proceeds to us from this offering will be approximately $7,720,000 after deducting underwriting discounts and
commissions and estimated offering expenses payable by us. If the underwriters&rsquo; option to purchase additional shares is exercised
in full, we estimate that our net proceeds will be approximately increased to $8,960,000. Each $1.00 increase (decrease) in the assumed
combined initial public offering price of $6.00 per share of common stock would increase (decrease) the net proceeds to us from this offering
by approximately $1.4<FONT> </FONT>million, assuming that the number of units (and shares of common stock) offered by us, as set forth
on the cover page of this prospectus, remains the same and after deducting underwriting discounts and commissions and estimated offering
expenses payable by us. Each increase (decrease) of 100,000 in the number of units (and shares of common stock) we are offering would
increase (decrease) the net proceeds to us from this offering, after deducting underwriting discounts and commissions and estimated offering
expenses payable by us, by approximately $0.55<FONT> </FONT>million, assuming the assumed initial public offering price stays the same.
The principal purposes of this offering are to raise capital for our operations and research needs, increase our capitalization and financial
flexibility, to create a public market for our common stock and to facilitate our future access to the capital markets. As of the date
of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds we receive from this offering.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">However,
we currently intend to use the net proceeds we receive from this offering over the next 9 to 18<FONT> </FONT>months as follows:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
$2.1<FONT> </FONT>million to fund clinical research, trials and development work for future product candidates;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"> <FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
$2<FONT> </FONT>million for working capital; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"> <FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
$0.5<FONT> </FONT>million to pay past due service fees due to U.S. Asian Consulting Group LLC, which is owned by our Chief Financial Officer
and her spouse who is an advisor to the Company and an additional $0.2<FONT> </FONT>million to repay a note in the amount of $200,000
bearing interest at 9% per annum held by our Chief Executive Officer. See &ldquo;Certain Relationships and Related Transactions&rdquo;
at page 108. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
$0.40<FONT> </FONT>million to invest in developing our sales and internal infrastructure;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
$1.20<FONT> </FONT>million for engineering, manufacturing and consultant expenses;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
$0.70<FONT> </FONT>million for regulatory and certification costs; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
$0.60<FONT> </FONT>million for legal, accounting, general&nbsp;and administrative expenses.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
$2.1<FONT> </FONT>million to be spent on clinical research, trials and development work for future product candidates includes:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Special
control trials for the Gen 2 &ndash; 15 milliamp clinical device that are intended to be completed for treatment indications of anxiety
and insomnia;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Clinical
trials using the Gen 2 &ndash; 15 milliamp clinical device for the treatment of substance use disorder (SUD) that are intended to be completed
and support the application for a breakthrough device designation with FDA for opiate addiction and SUD;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Pilot
trials for safety and efficacy for concussion related to TBI that are intended to be completed at a major university utilizing Gen<FONT>-2</FONT>&nbsp;&ndash;
15 milliamp;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Prototype
design and clinical safety testing for Gen<FONT>-3</FONT> outpatient headset;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Virtual
clinic digital platform that is intended to begin with specific focus on user experience and medical professional experience; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Special
control trials for the Gen 1 &ndash; 4 milliamp device that are intended to be completed for treatment indications of anxiety and insomnia
which will assist us in amending our prior FDA applications;</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">52</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
$2.1<FONT> </FONT>million to be spent on working capital includes costs associated with adding several full<FONT>-time</FONT> professional
staff members including, but not limited to, a director of sales, regulatory and quality control, as well as additional staff and office
space.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> With
respect to repayment of outstanding debt and other expenses, (i) our Chief Executive Officer who holds a promissory note in the amount
of $200,000 which was originally due upon completion of this offering, has agreed to defer payment until March<FONT> </FONT>15, 2023 and
(ii) U.S. Asian Consulting Group LLC (which is controlled by our Chief Financial Officer and her spouse &mdash; see page 108) which is
owed the sum of approximately $457,000 as of June 30,2022, has agreed to defer payment of $250,000 until March<FONT> </FONT>15, 2023 and
(iii) one creditor who is owed approximately $532,000 in the aggregate, has agreed to defer payment of a total of $332,000 until March<FONT>
</FONT>15, 2023. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
expected use of the net proceeds from this offering represents our intentions based upon our current plans and business conditions for
the approximately the next 9 to 18<FONT> </FONT>months, which could change in the future as our plans and business conditions evolve.
We may also use a portion of the net proceeds to in<FONT>-license</FONT>, acquire or invest in additional businesses, technologies, products
or assets, although currently we have no specific agreements, commitments or understandings in this regard. As of the date of this prospectus,
we cannot predict with certainty all of the particular uses for the net proceeds to be received upon the closing of this offering or the
amounts that we will actually spend on the uses set forth above. We expect that as our operations expand and additional research and additional
clinical trials requirements become necessary, we will utilize additional funds (either from additional capital raising or debt financing
or a combination of both, or any proceeds from the exercise of warrants and remaining working capital funds from this offering) to pay
for such costs and expenses.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are currently not cash flow positive and are uncertain when will be cash flow positive. While we believe that the net proceeds from this
offering will enable us to fund our operating expenses and capital expenditure requirements, if our operations are not cash flow positive,
we may need to obtain substantial additional funding in connection with our continuing operations and planned activities. We have based
this estimate on assumptions that may prove to be incorrect, and we could use our available capital resources sooner than we currently
expect. We may satisfy our future cash needs through the sale of equity securities, debt financings, working capital lines of credit,
corporate collaborations or license agreements, grant funding, interest income earned on invested cash balances or a combination of one
or more of these sources.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">53</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T06"></A><FONT STYLE="font-style: normal; font-weight: bold">DIVIDEND
POLICY</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have never declared or paid a dividend, and we do not anticipate declaring or paying dividends in the foreseeable future. We currently
intend to retain our future earnings, if any, to fund the development and growth of our business. Any future determination related to
our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations,
capital requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained
in any future financing instruments.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">54</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T07"></A><FONT STYLE="font-style: normal; font-weight: bold">CORPORATE
REORGANIZATION</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
were originally formed as a Nevada corporation on October<FONT> </FONT>19, 2010 as Nexalin Technology, Inc. On December<FONT> </FONT>1,
2021, we completed the corporate reorganization described under the section titled &ldquo;Corporate Reorganization,&rdquo; pursuant to
which Nexalin Nevada merged with and into a newly incorporated Delaware company of the same name, Nexalin and, as a result, Nexalin succeeded
Nexalin Nevada and our existing shareholders exchanged each of their shares in Nexalin Nevada for one twentieth (1/20<FONT STYLE="vertical-align: super; font-size: 65%">th</FONT>)
of a common share of the newly formed Delaware corporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Nexalin
had nominal assets and liabilities and did not conduct any operations prior to the reorganization other than its incorporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Upon
this completion of the corporate reorganization on December<FONT> </FONT>1, 2021, the historical consolidated financial statements of
Nexalin Nevada became the historical consolidated financial statements of Nexalin, the entity whose shares of common stock are being sold
in this offering, though such historical financial data gives effect to the corporation reorganization. We believe that the corporate
reorganization will not have a material effect on our historical results of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Investors
in this offering will only acquire, and this prospectus only describes the offering of, shares of the common stock of Nexalin. We refer
to the reorganization described herein as our &ldquo;corporate reorganization.&rdquo;</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">55</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T08"></A><FONT STYLE="font-style: normal; font-weight: bold">CAPITALIZATION</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
following table sets forth our cash and capitalization as of June<FONT> </FONT>30, 2022 (on an as<FONT>-adjusted</FONT> basis pursuant
to our reorganization), as follows: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>on
an actual basis; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>on
an as adjusted basis to give further effect to our issuance and sale of 1,500,000 units (1,500,000<FONT> </FONT>shares of common stock
and 1,500,000 warrants) in this offering at an assumed initial public offering price of $6.00 per unit, which is the minimum of the price
range set forth on the cover page of this prospectus, after deducting underwriting discounts and commissions and estimated offering expenses
payable by us and therefore providing net proceeds of approximately $7.7<FONT> </FONT>million.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Information
below on as adjusted basis is illustrative only, and our capitalization following the closing of this offering will be adjusted based
on the actual initial public offering price and other terms of this offering determined at pricing. You should read this information in
conjunction with our financial statements and the related notes included elsewhere in this prospectus and the &ldquo;Management&rsquo;s
Discussion and Analysis of Financial Condition and Results of Operations&rdquo; section and other financial information contained in this
prospectus.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0 3pt">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> As
        of June 30, 2022 </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> Actual </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> As
        Adjusted<FONT STYLE="vertical-align: super; font-size: 65%">(1)</FONT> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Cash </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 291,335 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 7,799,444 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total
        indebtedness </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 806,042 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 806,042 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"> Stockholders&rsquo;
        equity (deficit): </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; margin-top: 9pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; margin-top: 9pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; margin-top: 9pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; margin-top: 9pt; text-indent: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Common
        Stock, $0.001 per share; 100,000,000 shares authorized; 4,905,163 (actual) and 6,405,163 (as adjusted) shares issued and outstanding,
        respectively </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 4,905 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 6,405 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Additional
        paid-in capital </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 69,278,878 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 76,993,406 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Accumulated
        deficit </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (71,524,262 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (71,524,262 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total
        stockholders&rsquo; equity (deficit) </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (2,240,479 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 5,475,549 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total
        capitalization </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (1,434,437 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 6,281,591 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-style: none; margin: 0in 0in -5pt 24pt; font: 9pt Times New Roman, Times; padding: 0in; text-align: justify; text-justify: inter-ideograph; text-indent: -24pt; color: black">____________</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 10pt; text-align: left; text-indent: -24pt; margin-top: 10pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
$1.00 increase (decrease) in the assumed combined initial public offering price of $6.00 per unit, which is the minimum of the price range
set forth on the cover page of this prospectus, would increase (decrease) the as adjusted amount of each of cash, total equity and total
capitalization by approximately $1.4<FONT> </FONT>million, assuming that the number of shares of common stock offered by us, as set forth
on the cover page of this prospectus, remains the same and after deducting estimated underwriting discounts and commissions and estimated
offering expenses payable by us. Similarly, each increase (decrease) of 100,000<FONT> </FONT>shares in the number of units (shares of
common stock in the units) offered by us at the assumed combined initial public offering price of $6.00 per unit, which is the minimum
of the price range set forth on the cover page of this prospectus, would increase (decrease) the as adjusted amount of each of cash, total
equity and total capitalization by approximately $0.55<FONT> </FONT>million.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
number of shares of our common stock on an as adjusted basis set forth in the table above is based on shares of our common stock outstanding
as of June<FONT> </FONT>30, 2022 and the issuance of the securities underlying the 1,500,000 units in this offering. The foregoing table
gives no effect to any exercise of the warrants. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">56</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T09"></A><FONT STYLE="font-style: normal; font-weight: bold">DILUTION</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
you invest in units (comprised of shares of common stock and warrants) in this offering, your ownership interest will be immediately diluted
to the extent of the difference between the assumed initial public offering price of $6.00 per share of common stock (the minimum of the
range appearing on the front cover of this prospectus and assuming no value to the warrants) and the as adjusted net tangible book value
per share of our common stock immediately upon the consummation of this offering. Net tangible book value per share represents the book
value of our tangible assets less the book value of our total liabilities divided by the number of shares of common stock then issued
and outstanding. For purposes of this Dilution discussion, we have assumed no value to the warrants.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Our
net tangible book value as of June<FONT> </FONT>30, 2022 was $(2,249,303) or $(0.46) per share. After giving effect to our sale 1,500,000
units resulting in the issuance of 1,500,000<FONT> </FONT>shares of common stock in this offering at an assumed initial public offering
price of $6.00 per share of common stock, which is the minimum of the price range of the units set forth on the cover page of this prospectus,
after deducting estimated underwriting discounts and commissions ($720,000) and estimated offering expenses (in the amount of approximately
$564,000) payable by us, our as adjusted net tangible book value as of June<FONT> </FONT>30, 2022 would have been approximately $5,466,725
or approximately $0.85 per share (assuming no exercise of the underwriters&rsquo; over<FONT>-allotment</FONT> option). This amount represents
an immediate and substantial dilution of $5.15 per share to new investors purchasing units in this offering. The following table illustrates
this dilution per share: </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 75.21%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Assumed
        initial public offering price per unit </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.05%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 6.00 </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 75.21%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Net
        tangible book value per share as of June 30, 2022 </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.05%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (0.46 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 75.21%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Increase
        in net tangible book value per share attributable to this offering </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.05%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 1.31 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 75.21%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> As
        adjusted net tangible book value per share after giving effect to this offering </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.05%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 0.85 </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 75.21%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Dilution
        per share to new investors participating in this offering </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.05%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 5.15 </P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
$1.00 increase (decrease) in the assumed combined initial public offering price of $6.00 per share of our units (the minimum of the range
appearing on the front cover of this prospectus) would increase (decrease) the as adjusted net tangible book value by approximately $1.4<FONT>
</FONT>million, or approximately $0.22 per share, and increase (decrease) the dilution per share to new investors by approximately $0.78
per share, assuming that the number of shares of common stock offered by us, as set forth on the cover page of this prospectus, remains
the same and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us. We may also
increase or decrease the number of units (and therefore the shares of common stock contained in the units) we are offering. An increase
(decrease) of 100,000<FONT> </FONT>shares in the number of shares of common stock offered by us would increase our as adjusted net tangible
book value by approximately $0.55<FONT> </FONT>million, or $0.07 per share and increase (decrease) the dilution per share to investors
purchasing common stock in this offering would be $0.07 per share, assuming the assumed initial public offering price remains the same
and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us. The as adjusted information
discussed above is illustrative only and will change based on the actual initial public offering price and other terms of this offering
determined at pricing.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> If
the underwriters exercise their option in full to purchase up to 225,000 units (resulting in 225,000 additional shares of our common stock)
in this offering to cover overallotments, the as adjusted net tangible book value per share after this offering would be $1.01 per share,
and the as adjusted dilution to new investors would be $4.99 per share, in each case assuming a combined initial public offering price
of $6.00 per share of common stock, which is the minimum of the price range set forth on the cover page of this prospectus, and after
deducting underwriting discounts and commissions and the estimated offering expenses payable by us. The following table summarizes, on
an as adjusted basis described above, as of June<FONT> </FONT>30, 2022, the differences between the number of shares of common stock purchased
from us, the total consideration paid and the average price per share paid by existing stockholders and by new investors participating
in this offering at an assumed initial public offering price of $6.00 per share of common stock, which is the minimum of the price range
set forth on the cover page of this prospectus, before deducting estimated underwriting discounts and commissions and estimated offering
expenses payable by us. As the table shows, new investors purchasing common stock in this offering will pay an average price per share
substantially higher than our existing stockholders paid. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">57</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 21.79%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="4" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 29.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Shares
        Purchased</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="5" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 29.49%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Total
        Consideration</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Average<BR>Share
        Price</FONT> </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 21.79%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Number</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Percent</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Amount</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Percent</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 21.79%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Existing
        stockholders </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 4,905,163 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 76.6 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> % </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 10,317,154 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 53.4 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> % </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2.10 </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 21.79%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> New
        investors </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 1,500,000 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 23.4 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 9,000,000 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 46.6 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 6.00 </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 21.79%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 6,405,163 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 100.0 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> % </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 19,317,154 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 100.0 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> % </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> If
the underwriters exercise their option to purchase all 225,000 (resulting in 225,000 additional shares of our common stock) to cover overallotments
fully, the percentage of shares of common stock held by existing stockholders will decrease to approximately 74% of the total number of
shares of our common stock outstanding after this offering, and the number of shares held by new investors will increase to 1,725,000,
or approximately 26.0% of the total number of shares of our common stock outstanding as of June<FONT> </FONT>30, 2022. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">58</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T10"></A><FONT STYLE="font-style: normal; font-weight: bold">MANAGEMENT&rsquo;S
DISCUSSION AND ANALYSIS OF<BR></FONT><FONT STYLE="font-style: normal; font-weight: bold">FINANCIAL CONDITION AND RESULTS OF OPERATIO</FONT><FONT STYLE="font-style: normal; font-weight: bold">NS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">The
following discussion and analysis of the consolidated results of operations and financial condition of Nexalin Technology, Inc. and its
subsidiary as of December 31, 2021 and 2020 and for the years ended December 31, 2021 and 2020 and as of </FONT><FONT STYLE="font-style: italic; font-weight: normal">June
30</FONT><FONT STYLE="font-style: italic; font-weight: normal">, 2022 and for the </FONT><FONT STYLE="font-style: italic; font-weight: normal">six</FONT><FONT STYLE="font-style: italic; font-weight: normal">
months ended </FONT><FONT STYLE="font-style: italic; font-weight: normal">June 30</FONT><FONT STYLE="font-style: italic; font-weight: normal">,
2022 and 2021 should be read in conjunction with our financial statements and the notes to those financial statements that are included
elsewhere in this prospectus. References in this &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results
of Operations&rdquo; to &ldquo;us,&rdquo; &ldquo;we,&rdquo; &ldquo;our,&rdquo; and similar terms refer to Nexalin Technology, Inc. This
prospectus contains forward-looking statements as that term is defined in the federal securities laws. The events described in forward-looking
statements contained in this prospectus may not occur. Generally, these statements relate to business plans or strategies, projected or
anticipated benefits or other consequences of our plans or strategies, projected or anticipated benefits from acquisitions that may be
made by us, or projections involving anticipated revenues, earnings or other aspects of our operating results. The words &ldquo;may,&rdquo;
&ldquo;will,&rdquo; &ldquo;expect,&rdquo; &ldquo;believe,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;project,&rdquo; &ldquo;plan,&rdquo;
&ldquo;intend,&rdquo; &ldquo;estimate,&rdquo; and &ldquo;continue,&rdquo; and their opposites and similar expressions, are intended to
identify forward-looking statements. We caution you that these statements are not guarantees of future performance or events and are subject
to a number of uncertainties, risks and other influences, many of which are beyond our control, which may influence the accuracy of the
statements and the projections upon which the statements are based. Reference is made to &ldquo;Risk Factors&rdquo; beginning on page
16 of this prospectus for a discussion of some of the uncertainties and risks associated with these statements.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-style: italic; font-weight: normal">Overview</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">We
design and develop innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic.
We previously developed and sold an easy<FONT>-to-administer</FONT> medical device, referred to as Generation<FONT> </FONT>1, or Gen<FONT>-1</FONT>,
that utilizes bioelectronic medical technology to treat anxiety and insomnia, without the need for drugs or psychotherapy. These types
of devices are based upon cranial electrotherapy stimulation (CES). Our original Gen<FONT>-1</FONT> devices emit waveform at 4 milliamps
during treatment and are now classified by the FDA, as of December&nbsp;2019 as a Class II device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Medical
professionals have utilized the Gen<FONT>-1</FONT> device to administer CES to patients in clinical settings. While the Gen<FONT>-1</FONT>
device had originally been cleared by the FDA to treat depression, anxiety and insomnia, three prevalent and serious diseases, as a result
of the FDA&rsquo;s December&nbsp;2019 reclassification of CES devices, the Gen<FONT>-1</FONT> device was reclassified as a Class II device
for the treatment of anxiety and insomnia. Additionally, we are required to file an amended application under Section&nbsp;510(k) of the
Federal Food, Drug and Cosmetic Act (&ldquo;510(k) Application&rdquo;) to be approved by the FDA for the marketing and sales of our devices
for the treatment of anxiety and insomnia. We are analyzing whether to proceed with an amendment of our prior applications with the FDA
for Gen<FONT>-1</FONT> devices. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">In
the FDA&rsquo;s December&nbsp;2019 ruling, the treatment of depression with our device will remain a class III and require a new PMA (premarket
approval) application to demonstrate safety and effectiveness. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">We
have also designed and developed new advanced waveform technology to be emitted at 15 milliamps through our existing medical device improved
with a modern enclosure referred to as Generation 2 or Gen<FONT>-2</FONT> which can penetrate deeper into the brain and stimulate associated
structures of mental illness, which we believe will generate enhanced patient response. Gen<FONT>-2</FONT> is presently being tested in
clinical trials, for anxiety, insomnia and depression in the United States, and preliminary data provided by the University of California
San Diego supports the safety of utilizing our waveform technology at an increased power. Currently, the waveform that comprises the basis
of Gen<FONT>-2</FONT> and Gen<FONT>-3</FONT> devices is being tested in a research setting to determine safety data to be provided for
review by the FDA for safety and efficacy evaluation. Determinations of the safety and efficacy of our devices are solely within the authority
of the FDA.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">The
Nexalin regulatory team has made a strategic decision to begin developing strategies for a new PMA application for the treatment of depression
with our new Gen<FONT>-2</FONT> device. While we continue providing services to medical professionals to support patients&rsquo; use of
the Gen<FONT>-1</FONT> devices which were in operation prior to December&nbsp;2019, we are not making new sales of Gen<FONT>-1</FONT>
devices in the United&nbsp;States. Servicing consists of warranty coverage, electrode sales, and patient cable replacement. This servicing
is included in the monthly lease payment. Providers may continue to use these devices for treatment purposes. We continue to derive revenue
from devices which we sold or leased prior to the FDA&rsquo;s December 2019 reclassification announcements. This revenue consists of monthly
license fees and payment for the sale of electrodes to clinical providers of our technology. We have suspended marketing and sales efforts
in the United States on the Gen<FONT>-1</FONT> device for treatment of anxiety or insomnia until and if a new 510(k) application is approved
by the FDA. Additionally, our regulatory team has informed FDA inspectors that we continue to support the operations of clinical providers
that were open and using our Gen<FONT>-1</FONT> devices prior to the December&nbsp;2019 ruling by the FDA.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">59</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">We
are also currently designing clinical trials for the use of Gen<FONT>-2</FONT> for the treatment of substance use disorders opiates additions,
chronic pain, Alzheimer&rsquo;s disease, and dementia. In part due to increasing incidence attributed to the devastating impacts of the
COVID<FONT>-19</FONT> pandemic, mental health and cognitive disorders are widespread across the globe and cause substantial health, social
and economic losses and hardships accordingly. Our focus is on the continued development of our innovative bioelectronic medical technologies
and rapid regulatory approval to help reverse these losses and hardships by safely and effectively treating various mental health disorders.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">All
our products are non<FONT>-invasive</FONT> and undetectable and, critically, can provide relief to those afflicted with mental health
issues without adverse side effects. We have a proprietary design of varying voltages, currents, electromagnetic fields and various frequencies
&mdash; referred to collectively as waveform &mdash; particularly our proprietary, patented symmetrical alternating current waveform.
Our devices generate a high frequency, charge balanced electrical current waveform that is applied to an array of electrodes on the head.
The features of this waveform make the application of the stimulation undetectable to the human body and this technique is proprietary
to our devices, which enables the use of a higher current than all other devices in the market.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">Our
Gen<FONT>-2</FONT> device is equipped with Radio Frequency Identification (RFID) technology that exchanges electrode usage data with a
reader in the main device. The purpose of RFID is to track and maintain control of the proprietary single use electrode. Our electrode
chip will be programmed to exchange data with the device and allow activation for a single treatment with a new electrode only. The use
of a disposable RFID ensures a recurring revenue stream on the device and protects against any generic knockoffs designed to avoid treatment
costs. This upgrade in technology also ensures the proprietary nature of the electrodes that support treatment outcomes are sustained.
The revenue projections in Phase 2 are based on device sales and recurring disposable electrode sales.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">We
will also be developing a new headset design for our products that will offer medical professionals the opportunity to prescribe the headset
device &mdash; Gen<FONT>-3</FONT> &mdash; for use in a patient&rsquo;s home to increase access to mental health treatment.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">We
recognize that an additional barrier to treatment in today&rsquo;s mental health treatment landscape &mdash; beyond the concerns about
safety, efficacy and discomfort that have been associated with conventional mental health treatments such as drugs, psychotherapy and
other forms of electrical stimulation &mdash; is stigma. We have received industry reports and feedback that many patients that struggle
with mood disorders have a stigma of embarrassment associated with psychotherapy (e.g., counselling with a therapist). Additional stigmas
are associated with the side effects of medication prescribed by psychiatrists. To address the embarrassment stigma, we are developing
a new headset design to emit our waveform technology which will offer medical professionals the opportunity to prescribe the headset device
for use in a patient&rsquo;s home &mdash; referred to as Generation 3 or Gen<FONT>-3</FONT> &mdash; to increase access to mental health
treatment. We believe that in order to preserve product safety and integrity for home use, the headset device will require physician oversight
including prescriptions for use, monthly authorization for continued patient use and monthly physician monitoring through our digital
management platform.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">According
to Infinium Global Research, the global neurostimulation devices market is projected to grow from approximately $4.7<FONT> </FONT>billion
in 2018 to approximately $9.8<FONT> </FONT>billion for a CAGR of 10.9% from 2019<FONT>-2025</FONT>. There are several drivers of this
growth. First, many mental health disorders are treated with psychotherapy or pharmaceutical intervention and have limited efficacy and,
in the case of the latter increased awareness of the side effects of medication. Second, the rising number of geriatric patients, particularly
with respect to Alzheimer&rsquo;s disease, will increase demand for mental health treatments. Third, increased diagnosis of cases of anxiety,
depression and various other mental health disorders in all age populations will contribute to market expansion. Doctors and patients
will seek effective, safer and more cost<FONT>-effective</FONT> alternatives to current care standards. Advancements in neurostimulation
techniques, such as those we are developing, will provide treatment options that address irregularities in the brain&rsquo;s functional
health. These functional brain health issues are believed to be the underlying cause of many mental health disorders and chronic diseases.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">Overall,
we believe that our advanced waveform, technological upgrades and the development of a modern headset monitored with our IT management
platform, evidenced in our Gen<FONT>-2</FONT> and Gen<FONT>-3</FONT> devices, will position us with the opportunity to disrupt the traditional
mental health treatment model. Our mission is to remove the stigma of expensive psychotherapy or pharmaceuticals with the attendant side
effects and dependency issues and replace such stigma with clinically proven and cost<FONT>-effective</FONT> technology that is easily
accessible in the privacy of the patient&rsquo;s home and monitored by licensed healthcare providers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt"> Since
our inception, we have generated significant losses, we expect to continue to incur significant expenses and increasing operating losses
for at least the next several years. Our net losses may fluctuate significantly from period to period, depending on the timing of our
planned clinical trials and expenditures on other research and development activities. We expect our expenses will increase substantially
over time as we: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>continue
our ongoing and planned preclinical and clinical development of our products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>initiate
preclinical studies and clinical trials for any additional products that we may pursue in the future;</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">60</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>seek
to discover and develop additional products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>review
and analyse the value of amending our previous 510(k) Application for anxiety and insomnia in accordance with the FDA and seek other regulatory
approvals for any future products that successfully complete clinical trials;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>ultimately
establish a sales, marketing and distribution infrastructure and scale up external manufacturing capabilities to commercialize any product
candidate for which we may obtain regulatory approval and intend to commercialize on our own;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>maintain,
expand and protect our intellectual property portfolio;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>engage
additional clinical, scientific, manufacturing and controls personnel; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>add
additional operational, financial and management information systems and personnel, including personnel to support our product development
and planned future commercialization efforts.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Furthermore,
following the completion of this offering, we expect to incur additional costs associated with operating as a public company, including
significant legal, accounting, investor relations and other expenses that we did not incur as a private company.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Corporate
Reorganization</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">As
more fully described in the section of this prospectus titled &ldquo;Corporate Reorganization,&rdquo; we completed a corporate reorganization
on December<FONT> </FONT>1, 2021, pursuant to which Nexalin Nevada merged with and into a newly incorporated Delaware company of the same
name, Nexalin and, as a result, Nexalin succeeded Nexalin Nevada and our existing shareholders exchanged each of their shares in Nexalin
Nevada for one twentieth (1/20<FONT STYLE="vertical-align: super; font-size: 65%">th</FONT>) of a common share of the newly formed Delaware
corporation. Nexalin had nominal assets and liabilities and did not conduct any operations prior to the reorganization other than its
incorporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Our
Delaware corporation had nominal assets and liabilities and did not conduct any operations prior to the reorganization other than its
incorporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Upon
the completion of the corporate reorganization, the historical consolidated financial statements of our Nevada corporation became the
historical consolidated financial statements of our Delaware corporation. The common shares of our Delaware corporation are now the shares
being sold in the offering as part of this prospectus. We expect that the corporate reorganization will not have a material effect on
our historical results of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Recent
Developments</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Impact
of COVID-19 Pandemic</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">We
continue to monitor how the COVID<FONT>-19</FONT> pandemic is affecting our employees, business and clinical trials. Such pandemic has
delayed our clinical trials and our receipt of marketing approvals from the FDA. Such pandemic also might have reduced, and continue to
reduce, participation in our clinical trials, due to both travel restrictions and a general unwillingness of subjects to travel. We cannot
presently predict the scope and severity of any other potential business shutdowns or disruptions, but if we or any of the third parties
with whom we engage, including the suppliers, clinical trial sites, regulators and other third parties with whom we conduct business,
were to experience shutdowns or other business disruptions, our ability to conduct our business in the manner and on the timelines presently
planned could be materially and negatively impacted.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">In
addition, the spread of an infectious disease, including COVID<FONT>-19</FONT>, may also result in the inability of our suppliers to deliver
components or raw materials on a timely basis. Such events may result in a period of business and manufacturing disruption, and in reduced
operations, any of which could materially affect our business, financial condition and results of operations. The extent to which the
coronavirus impacts our business will depend on future developments, which are highly uncertain and cannot be predicted, including new
information which may emerge concerning the severity of COVID<FONT>-19</FONT> and the actions to contain the coronavirus or treat its
impact, among other things.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">61</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-style: normal; font-weight: bold">China
Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
September&nbsp;2018, we entered into an agreement with Wider, pursuant to which we and Wider shall form the Joint Venture. The Joint Venture
will be formed following the completion of certain funding, clinical study, and publication milestones, which Wider has agreed to undertake.
We expect the Joint Venture to be formally formed by the third quarter of 2023. Following its formation, the Joint Venture will design
and implement a comprehensive business model and distribution plan for our devices in China, Hong&nbsp;Kong, Macau and Taiwan and elsewhere.
The first phase of distribution in China includes implementation of a sales strategy by Wider for mainland China and other territories
serviced by Wider. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
March 2022, we entered into a second supplement to the Joint Venture agreement with Wider, whereby the parties confirmed that the Joint
Venture had not yet been established and is subject to further review and analysis of regulatory issues in China and the United States,
trade and political issues between the two countries and potential changes in the use and market for the Company&rsquo;s products and
technology. Pursuant to the second supplement, the parties agreed to use their commercial efforts to complete documentation by September<FONT>
</FONT>30, 2022. In light of general economic conditions in China and the United States and the continued impact of regulatory issues
in China and the United States and trade and political issues between the two counties, the parties determined to further extend the time
frame to complete establishment of the joint venture to September<FONT> </FONT>30, 2023 and entered into a supplement 3 to the Joint Venture
Agreement to memorialize such extension. The parties intend to continue to work together to complete the establishment prior to such extended
time. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> During
the first half of 2022, we sold Gen<FONT>-2</FONT> devices in China through Wider which agreed to act as a distributor on a limited basis
pending formation of the potential Joint Venture. As a result, we recognized revenue of approximately $624,000 during the first half of
2022. In conjunction with such revenue, during the first half of 2022, we incurred costs of approximately $143,000 for cost of goods sold,
delivery and labeling costs. In 2021, we incurred expenses relating to certain development costs associated with these devices sold during
the first half of 2022 which were recorded during 2021. The Company expects that the $143,000 of additional costs attributed to the $624,000
sale in the first half of 2022 may not be indicative of our cost of sales in future periods and that beginning in the second half of 2022
gross margins may decrease due to an increase in the costs of components, manufacturing, delivery, sales and marketing. In addition, we
expect to derive revenue as a royalty fee from the China based manufacturer of electrodes for electrodes ordered by Wider in connection
with the distribution of our devices in China. The manufacturer will pay us a 20% royalty based upon its electrode sales price to Wider
in connection with Wider&rsquo;s device distribution activities. See &ldquo;Certain Relationships and Related Party Transactions &mdash;
Joint Venture&rdquo; at page 111. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
September of 2021, the NMPA, the equivalent of the United States FDA, approved the Gen<FONT>-2</FONT> device for marketing and sale in
China for the treatment of insomnia and depression. These treatment indications and clearances from the NMPA have allowed us to market
and sell the Gen<FONT>-2</FONT> device in China for the treatment of insomnia and depression.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> We
do not believe that any other regulatory of governmental approvals are required for the sale of our devices, including the sales made
to date, by Wider in China, Hong&nbsp;Kong, Macau and Taiwan. If and when the potential Joint Venture is formed and it completes sales
of our devices in China, there are no regulatory or other restrictions that would restrict either (i)&nbsp;the transfer from China of
any proceeds resulting from such sales by Wider to the potential Joint Venture in Hong&nbsp;Kong, other than standard compliance with
China&rsquo;s State Administration of Foreign Exchange policies and approval process, or (ii)&nbsp;our receipt of our share of such proceeds
from Hong&nbsp;Kong to us in the United&nbsp;States, which is not subject SAFE&rsquo;s policies and approval process. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">According
to the SAFE guidelines on foreign exchange management of trade in goods (implemented on August<FONT> </FONT>1, 2012) and the PRC guidelines
on foreign exchange business under current account (2020 version) implemented on August<FONT> </FONT>28, 2020, there are no restrictions
on the transfer of sales proceeds by Chinese domestic companies to Hong&nbsp;Kong companies or foreign companies as long as a company
is in standard compliance with the SAFE&rsquo;s policies and approval process. The current standard SAFE procedures are as follows:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;a
Chinese domestic company shall first apply to the local foreign exchange bureau for directory registration by presenting an application
form and business license; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;after
the domestic company is registered in the directory and provides documentation to prove the authenticity of the business transaction between
the parties, such as the contract for the transaction, banks in China will approve the transfer of the sales proceeds.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">62</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> Although
there can be no assurance in light of recent worldwide events such as the Russia and Ukraine war and continuing changes within the China
legal system, we expect to consummate the formation of the potential Joint Venture by the third quarter 2023. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> As
more fully described above in &ldquo;Risk Factors &mdash; Risks Related to Doing Business in China,&rdquo; recent statements and regulatory
actions by the Chinese government may have targeted those companies whose operations involves cross<FONT>-border</FONT> data security
or anti<FONT>-monopoly</FONT> concerns and may have significant regulatory, liquidity, and enforcement risks for us when the potential
Joint Venture is formed. With regard to data security, China has promulgated several important laws recently. Among them, on June<FONT>
</FONT>10, 2021, China promulgated the PRC Data Security Law (&ldquo;DSL&rdquo;), which became effective on September<FONT> </FONT>1,
2021. The legislative intent for this law mainly includes regulating data processing activities, ensuring data security, promoting data
development and utilization, protecting the data related legitimate rights and interests of individuals and organizations, and safeguarding
national sovereignty, security and development interests. Article 36 provides that any Chinese entity that provides the data to foreign
judicial or law enforcement agencies (regardless of whether directly or through a foreign entity) without approval from the Chinese authority
would likely be deemed to be in violation of DSL. In addition, pursuant to Article 2 of Measures for Cybersecurity Reviews, the procurement
of any network product or service by an operator of critical information infrastructure that affects or may affect national security shall
be subjected to a cybersecurity review under the Measures. Pursuant to Article 35 of Cybersecurity Law of the People&rsquo;s Republic
of China, where &ldquo;critical information infrastructure operators&rdquo; purchase network products and services, which may influence
national security, the operators are required to be subjected to a cybersecurity review. We do not operate any critical information infrastructure.
As a result, we do not believe that these new legal requirements in China are applicable to us. However, the exact scope of the term &ldquo;critical
information infrastructure operator&rdquo; remains unclear, so there can be no assurance that the potential Joint Venture will not be
subjected to critical information infrastructure operator review in the future. Furthermore, in the event that the potential Joint Venture
becomes an operator of critical information infrastructure in the future it may be subjected to the above<FONT>-described</FONT> regulation. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
Company does not currently believe any of the Company&rsquo;s scientific data resulting from activities in China to be conducted by the
potential Joint Venture would fall within the Measures for the Management of Scientific Data promulgated by the General Office of the
PRC State Council. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Currently,
these statements and regulatory actions have had no impact on our daily business operations nor do we believe that they will have an impact
on the Joint Venture when it is formed, or our ability to accept foreign investments and list our securities on a U.S. or other foreign
exchange. When formed, we believe that the potential Joint Venture will have received all requisite permissions from the PRC to conduct
its business and no permissions will have been denied. Currently, once the potential Joint Venture is formed in Hong&nbsp;Kong, it will
have a valid business registration certificate issued by the Hong&nbsp;Kong company registry. Once the certificate of registration is
duly issued, the potential Joint Venture will have permission to operate as a legal entity under the laws of the PRC and Hong&nbsp;Kong.
However, since these statements and regulatory actions are new, it is highly uncertain how soon legislative or administrative regulation
making bodies will respond and what existing or new laws or regulations or detailed implementations and interpretations will be modified
or promulgated, if any, and the potential impact such modified or new laws and regulations will have on our daily business operation,
the ability to accept foreign investments and list our securities on a U.S. or other foreign exchange. However, there can be no assurance
that regulators in China will not promulgate new laws and regulations or adopt new series of interpretations or regulatory actions which
may require the potential Joint Venture to meet new requirements on the issues mentioned above. In the event any existing or new laws
or regulations or detailed implementations and interpretations are modified or promulgated, or if we have inadvertently concluded that
approvals are not required, we and the potential Joint Venture will take any and all actions to remain in compliance with any such laws
or regulations or detailed implementations and interpretations thereof. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">63</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Results
of Operations</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Year
Ended December 31, 2021 Compared to the Year Ended December 31, 2020</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table presents selected items in our audited consolidated statements of operations for the years ended December<FONT> </FONT>31,
2021 and 2020, respectively:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">For
        The Years Ended<BR>December 31,</P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">2021</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">2020</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Revenues</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">144,065</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        242,914</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cost
        of revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,442</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">29,039</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-top: 2pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Gross
        profit</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">122,623</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">213,875</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 2pt; padding-left: 0pt; padding-right: 0pt; padding-top: 2pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Operating
        Expenses:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Professional
        fees</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">697,063</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">299,187</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Salaries
        and benefits</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">228,738</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">137,847</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Selling,
        general and administrative</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,215,423</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,035,248</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        on Impairment of right of use asset</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">37,047</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        Operating Expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">6,141,224</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        3,509,329</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        From Operations</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(6,018,601</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(3,295,454</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">For
        The Years Ended<BR>December 31,</P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">2021</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">2020</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Other
        Expense:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Interest
        expense, net</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">82,319</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">78,681</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Other
        income (expense)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(29,351</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        Other Expense</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(59,403</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(108,032</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Net
        Loss</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (6,078,004</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(3,403,486</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Revenues</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
the years ended December<FONT> </FONT>31, 2021 and 2020, we generated $144,065 and $242,914, respectively, of revenue from licensing and
treatment fee agreements with our customers by charging a monthly licensing fee for the duration of the agreement. We also generated revenue
from treatment fee agreements by collecting fees based on the number of treatments per month the customer performs. In addition, we also
derive revenues from equipment by selling additional individual electrodes to customers for use with our device. The decrease in revenue
for 2021 compared to 2020 was primarily due to a large purchase from a single customer in 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Cost
of Revenue and Gross Profit</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
the years ended December<FONT> </FONT>31, 2021 and 2020, cost of revenues were $21,442 and $29,039, respectively, yielding a gross profit
of $122,623 and $213,875, respectively, or 85.1% and 88.0%, respectively. Such decrease was due to our need in 2021 to meet specific standards
for shipping that did not apply in 2020. In addition, tooling expenses related to package design and foam molding and then the initial
inventory purchase of shipping containers contributed to such decrease.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Operating
Expenses</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Total
operating expenses for the years ended December<FONT> </FONT>31, 2021 and 2020 were $6,141,224 and $3,509,329, respectively. The increase
was primarily due to increases in professional fees for legal and accounting and the impact of stock<FONT>-based</FONT> compensation for
the issuance of our common stock to various employees and consultants for services. The increase in legal and accounting fees are primarily
due to costs relating to our initial public offering. The increase in stock<FONT>-based</FONT> compensation is due to stock issued in
accordance with employment and consulting contract obligations</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">64</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Other
Expense</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Other
expense for the years ended December<FONT> </FONT>31, 2021 and 2020 were $59,403 and $108,032, respectively, consisting of $82,319 and
$78,681, respectively, of interest expense which was partially offset by $22,916 in PPP loan forgiveness in 2021 and in addition to $29,351
in loss on extinguishment of debt in 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> Six
Months Ended June 30, 2022 Compared to the Six Months Ended June 30, 2021 </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> The
following table presents selected items in our audited consolidated statements of operations for the six months ended June<FONT> </FONT>30,
2022 and 2021, respectively: </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.84%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">For
        The </FONT><FONT STYLE="font-style: normal; font-weight: bold">Six</FONT><FONT STYLE="font-style: normal; font-weight: bold"> Months Ended
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">June&nbsp;30</FONT><FONT STYLE="font-style: normal; font-weight: bold">,</FONT> </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">2022</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.42%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">2021</FONT> </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Revenues </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 737,610 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 64,096 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Cost
        of revenue </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 169,047 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 13,142 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Gross
        profit </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 568,563 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 50,954 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT STYLE="font-style: normal; font-weight: bold">Operating
        Expenses:</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Professional
        fees </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 478,565 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 302,362 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Salaries
        and benefits </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 305,854 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 96,525 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Selling,
        general and administrative </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 604,364 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 3,297,730 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total
        Operating Expenses </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 1,388,783 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 3,696,617 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.88%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Loss
        From Operations </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.71%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (820,220 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.99%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (3,645,663 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.98%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">Other
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">expense</FONT><FONT STYLE="font-style: normal; font-weight: bold">:</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.98%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Interest
        expense, net </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 35,434 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 36,705 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.98%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Other
        income &ndash; PPP loan forgiveness </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (22,916 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.98%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Total
        Other Expense </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (12,518 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (36,705 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.98%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT STYLE="font-style: normal; font-weight: bold">Net
        Loss</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (832,738 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (3,682,368 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="text-decoration: underline">Revenues</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> For
the six months ended June<FONT> </FONT>30, 2022 and 2021, we generated $737,610 and $64,096, respectively, of revenue primarily from the
sale of devices, supplies and from the reimbursement of costs. In addition, we generated income from licensing and treatment fee agreements
with our customers by charging a monthly licensing fee for the duration of the agreement. We also generated revenue from treatment fee
agreements by collecting fees based on the number of treatments per month the customer performs. In addition, we also derive revenues
from equipment by selling electrodes to customers for use with our device. The increase in revenue in revenue for 2022 compared to 2021
was primarily due to the sale in 2022 of 120 devices, there were no sales of devices in 2021, and to our cost reimbursements from Wider. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="text-decoration: underline">Cost
of Revenue and Gross Profit</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> For
the six months ended June<FONT> </FONT>30, 2022 and 2021, cost of revenues were $169,047 and $13,142, respectively, yielding a gross profit
of $568,563 and $50,954, respectively, or 77.08% and 79.5%, respectively. Such decrease in gross margin was due to the change in our sources
of revenue. In 2021 our revenue was from licensing fees and the sales of electrodes and cables. The licensing fees have no related costs.
Our cost of revenue in 2021 included shipping supplies and the cost of the electrodes and cables. In 2022 our revenue was primarily from
sales of equipment. The equipment has higher related costs of revenue and related shipping costs. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="text-decoration: underline">Operating
Expenses</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt"> Total
operating expenses for the six months ended June<FONT> </FONT>30, 2022 and 2021 were $1,388,783 and $3,696,617, respectively. The decrease
was primarily due to the decrease of approximately $2,600,000 in stock<FONT>-based</FONT> compensation for the issuance of our common
stock to various employees and consultants for services, offset by the increases in professional fees for legal and accounting of approximately
$176,000 and an increase in salaries of approximately $209,000. The increase in legal and accounting fees are primarily due to costs relating
to our initial public offering. The increase in salary is due to hiring of a chief financial officer. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">65</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Other
Expense</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Other
expenses for the six months ended June<FONT> </FONT>30, 2022 and 2021 were $12,518 and $36,705, respectively, consisting of interest expense
net of the PPP loan forgiveness. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">Liquidity
and Capital Resources</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Working
Capital</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">June
        30</FONT><FONT STYLE="font-style: normal; font-weight: bold">, <BR>2022</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">December
        31, 2021</FONT> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Current
        assets </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 546,669 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 752,659 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Current
        liabilities </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2,766,257 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2,363,634 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Working
        capital (deficiency) </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (2,219,588 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (1,610,975 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Current
assets decreased for the six months ended June<FONT> </FONT>30, 2022 primarily as a result of cash used for operating expenses offset
by (i)&nbsp;an increase in accounts receivable, (ii) an increase in inventory and (iii) an increase in prepaid expenses. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Current
liabilities increased for the six months ended June<FONT> </FONT>30, 2022 primarily as a result of (i) an increase in accounts payable
and (ii) an increase in deferred revenue. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Cash
Flows</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">June
        30</FONT><FONT STYLE="font-style: normal; font-weight: bold">,</FONT> </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">2022</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">2021</FONT> </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Net
        loss </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (832,738 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (3,682,368 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Net
        cash used in operating activities </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (365,543 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (428,430 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Net
        cash used in investing activities </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &mdash; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &mdash; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Net
        cash used in (provided by) financing activities </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (4,900 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 657,940 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Net
        change in cash and cash equivalents </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> (370,443 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> ) </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left"> $ </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 229,510 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Net
Cash Used in Operating Activities</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Net
cash used in (provided by) operating activities was $365,543 for the six months ended June<FONT> </FONT>30, 2022, as compared to $428,430
for the respective period in 2021, primarily due to the net loss of $832,738 and $3,682,368, respectively, as well as an increase in accounts
receivable, prepaid assets, inventory and accounts payable. These amounts were also offset by approximately $269,000 and $2.9<FONT> </FONT>million
of stock compensation during the periods, respectively. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Net
Cash Provided by Financing Activities</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Net
cash used in financing activities during the six months ended June<FONT> </FONT>30, 2022 and 2021 was ($4,900) and $657,940, respectively,
which was primarily due to the sale of common stock for cash in 2021. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Uses
and Availability of Additional Funds</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Our
primary uses of capital are, and we expect will continue to be, compensation and related expenses, third<FONT>-party</FONT> clinical research
and development services, laboratory and related supplies, manufacturing development costs, legal and other regulatory expenses and general
administrative costs. See &ldquo;Use of Proceeds&rdquo; at page 52 which sets forth out estimates of the use of proceeds over the next
9 to 18<FONT> </FONT>months. The successful development of our products is highly uncertain. At this time, we cannot reasonably estimate
or know the nature, timing and estimated costs of the efforts that will be necessary to complete the clinical development of our products
and obtain regulatory approvals. We are also unable to predict when, if ever, net cash in&fllig;ows from revenues will enable us to be
cash flow positive. This is due to the numerous risks and uncertainties associated with developing products, including, among others,
the uncertainty of: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>successful
enrolment in, and completion of clinical trials;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>performing
preclinical studies and clinical trials in compliance with the FDA or any comparable regulatory authority requirements;</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">66</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
ability of collaborators to manufacture sufficient quantity of product for development, clinical trials or potential commercialization;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>obtaining
and maintaining patent, trademark and trade secret protection for our products;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>making
arrangements with third parties for manufacturing capabilities;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>scaling
the commercial sales of products, if and when approved, whether alone or in collaboration with others;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>acceptance
of existing therapies, and future therapies, if and when approved, by healthcare providers, physicians, clinicians, patients and third<FONT>-party</FONT>
payors;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>competing
effectively with other therapies;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>obtaining
and maintaining healthcare coverage and adequate reimbursement;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>protecting
our rights in our intellectual property portfolio; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>maintaining
a continued acceptable safety profile of our products following approval.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
will not increase revenue from future product sales unless and until we or a collaborator successfully complete clinical development and
obtain regulatory approval for such future products. If we obtain regulatory approval for any of our future products that we intend to
commercialize on our own, we will incur significant expenses related to commercialization, including developing our internal commercialization
capability to support product sales, marketing and distribution. As a result, we may need substantial additional funding to support our
continuing operations and to pursue our growth strategy. Until such time, if ever, when we can generate substantial product revenue, we
expect to finance our cash needs through this offering and, in the future and if needed, a combination of equity offerings, debt financings
and potential collaboration, license and development agreements. To the extent that we raise additional capital through the sale of equity
or convertible debt securities, investors&rsquo; ownership interest will be diluted, and the terms of these securities may include liquidation
or other preferences that adversely affect the rights of stockholders.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we raise additional funds through collaborations, strategic alliances or marketing, distribution or licensing arrangements with third
parties, we may be required to relinquish valuable rights to our technologies, future revenue streams, research programs or products or
to grant licenses on terms that may not be favorable to us. If we are unable to raise additional funds through equity or debt financings
when needed, we may be required to delay, limit, reduce or terminate our product development or future commercialization efforts or grant
rights to a third party to develop and market products that we would otherwise prefer to develop and market ourselves. Our failure to
raise capital as and when needed would compromise our ability to pursue our business strategy.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
will also incur costs as a public company that we have not previously incurred, including increased fees payable to the non<FONT>-employee</FONT>
members of our board of directors, increased personnel costs, increased director and officer insurance premiums, audit and legal fees,
investor relations fees and expenses for compliance with public<FONT>-company</FONT> reporting requirements under the Exchange Act and
rules implemented by the SEC and Nasdaq.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Because
of the numerous risks and uncertainties associated with product development, we are unable to predict the timing or amount of increased
expenses or when or if we will be able to achieve or maintain profitability. Even if we are able to generate product sales, we may not
become profitable. If we fail to become profitable or are unable to sustain profitability on a continuing basis, we may be unable to continue
our operations at planned levels and be forced to reduce or terminate our operations. Our operating needs include the planned costs to
operate our business, including amounts required to fund working capital and capital expenditures. Our future capital requirements and
the adequacy of our available funds will depend on many factors, including our ability to successfully commercialize our products and
services, competing technological and market developments, and the need to enter into collaborations with other companies or acquire other
companies or technologies to enhance or complement our product and service offerings.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
believe that the net proceeds from this offering will enable us to fund our operating expenses and capital expenditure requirements for
the next 9 to 18<FONT> </FONT>months (until November, 2023). We have based this estimate on assumptions that may prove to be wrong, and
we could exhaust our available capital resources sooner than we </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">67</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">expect.
Without giving effect to the anticipated net proceeds from this offering, we expect that our existing cash will not be sufficient to fund
our operating expenses and capital expenditure requirements beyond December, 2022. To finance our operations up to and beyond that point,
we will need to raise additional capital, which cannot be assured.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
consolidated financial statements included elsewhere in this prospectus have been prepared in conformity with accounting principles generally
accepted in the United&nbsp;States of America, or U.S. GAAP, which contemplate our continuation as a going concern and the realization
of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in
the financial statements do not necessarily purport to represent realizable or settlement values. The financial statements do not include
any adjustment that might result from the outcome of this uncertainty.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Although
no assurances can be given as to our ability to deliver on our revenue plans or that unforeseen expenses may arise, management believes
that the revenue to be generated from operations, together with the potential closing of the Initial Public Offering in the near term,
will provide the necessary funding for us to continue as a going concern. Management cannot guarantee any such Initial Public Offering
will be available on favorable terms. As such, these matters raise substantial doubt about the Company&rsquo;s ability to continue as
a going concern for a period of twelve months from the issue date of this filing. If adequate funds are not available on acceptable terms,
or at all, we will need to curtail operations or cease operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Internal
Controls</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Internal
control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements in accordance with GAAP. Prior to this offering, we were a private company and we are currently
in the process of reviewing, documenting and testing our internal control over financial reporting. During our internal reviews, we have
identified material weaknesses in our internal control over financial reporting.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have not performed an evaluation of our internal control over financial reporting, as required by Section&nbsp;404 of the Sarbanes<FONT>-Oxley</FONT>
Act, nor have we engaged an independent registered accounting firm to perform an audit of our internal control over financial reporting
as of any balance sheet date or for any period reported in our financial statements. Presently, we are not an accelerated filer, as such
term is defined by Rule&nbsp;12b<FONT>-2</FONT> of the Exchange Act, and therefore, our management is not presently required to perform
an annual assessment of the effectiveness of our internal control over financial reporting. This requirement will first apply to our second
Annual Report on Form&nbsp;10<FONT>-K</FONT>. Our independent public registered accounting firm will first be required to attest to the
effectiveness of our internal control over financial reporting for our Annual Report on Form&nbsp;10<FONT>-K</FONT> for the first year
we are no longer an &ldquo;emerging growth company&rdquo; and not being a smaller reporting company.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Critical
Accounting Policies and Significant Judgments and Estimates</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United&nbsp;States.
The preparation of our consolidated financial statements and related disclosures requires us to make estimates and judgments that affect
the reported amounts of assets, liabilities, costs and expenses, and the disclosure of contingent assets and liabilities in our consolidated
financial statements. We base our estimates on historical experience, known trends and events and various other factors that we believe
are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and
liabilities that are not readily apparent from other sources. We evaluate our estimates and assumptions on an ongoing basis. Our actual
results may differ from these estimates under different assumptions or conditions.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">While
our significant accounting policies are described in more detail in Note 3 to our consolidated financial statements appearing elsewhere
in this prospectus, we believe that the following accounting policies are those most critical to the judgments and estimates used in the
preparation of our consolidated financial statements.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 10pt; margin-top: 10pt"><FONT STYLE="font-style: normal; font-weight: bold">Use
of Estimates</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the
reported amounts of assets, liabilities, equity<FONT>-based</FONT> transactions, revenue and expenses and disclosure of contingent liabilities
at the date of the financial statements. The Company bases its estimates and </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">68</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">assumptions
on historical experience, known or expected trends and various other assumptions that it believes to be reasonable. As future events and
their effects cannot be determined with precision, actual results could differ from these estimates which may cause our future results
to be affected.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 10pt; margin-top: 10pt"><FONT STYLE="font-style: normal; font-weight: bold">Revenue
Recognition</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
recognize revenue when our performance obligations with our customers have been satisfied. At contract inception, we determine if the
contract is within the scope of ASC Topic 606 and then we evaluate the contract using the following five steps: (1)&nbsp;identify the
contract with the customer; (2)&nbsp;identify the performance obligations; (3)&nbsp;determine the transaction price; (4)&nbsp;allocate
the transaction price to the performance obligations; and (5)&nbsp;recognize revenue when (or as) the entity satisfies a performance obligation.
We only recognize revenue to the extent that it is probable that a significant revenue reversal will not occur in a future period.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
have existing licensing and treatment fee agreements with our customers for the use of our device in their practices. These agreements
generally have terms of one year with automatic renewal if certain requirements are met and amounts due per these agreements are billed
monthly. We also sell products related to the provision of services. We also sell our Gen<FONT>-2</FONT> devices in China through our
acting distributor. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 10pt; margin-top: 10pt"><FONT STYLE="text-decoration: underline">Revenue
Streams</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
derive revenues from our license agreements by charging a monthly licensing fee for the duration of the agreement. We derive revenues
from treatment fee agreements by collecting fees based on the number of treatments per month the customer performs. We derive revenues
from equipment by selling electrodes and supplies to our existing customers for use with our device. We derive revenue from the sale,
through our acting distributor, of our Gen<FONT>-2</FONT> device in China. We derive revenue from the reimbursement of certain costs from
Wider. We derive revenue as a royalty fee from the China based manufacturer for electrodes ordered in China in connection with our China
sales. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Performance
Obligations</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
identified that subsequent licensing revenue has one performance obligation. That performance obligation is satisfied as long as the licensing
contract is remains valid and is not terminated. The licensing revenue is invoiced monthly and is recognized at a point in time in which
the invoice is sent to the customer.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Management
identified that our equipment revenue has one performance obligation. That performance obligation is satisfied when the electrodes and
devices are shipped to the customer. We do not offer a warranty on the electrodes or devices. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Management
identified that treatment fee revenue has one performance obligation. The performance obligation is satisfied upon the completion of individual
treatments on patients by customers. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Management
identified that our royalty fee has one performance obligation. The performance obligation is satisfied as long as the royalty agreement
remains valid and is not terminated. The royalty revenue is invoiced and is recognized when the invoice is sent to the customer. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Practical
Expedients</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
part of ASC 606, the Company has adopted several practical expedients including:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Significant
Financing Component&nbsp;&mdash; we do not adjust the promised amount of consideration for the effects of a significant financing component
since we expect, at contract inception, that the period between when we transfer a promised goods or services to the customer and when
the customer pays for that service will be one year or less.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Unsatisfied
Performance Obligations&nbsp;&mdash; all performance obligations related to contracts with a duration of less than one year, we have elected
to apply the optional exemption provided in ASC Topic 606 and therefore, are not required to disclose the aggregate amount of the transaction
price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Shipping
and Handling Activities&nbsp;&mdash; we elected to account for shipping and handling activities as a fulfilment cost rather than as a
separate performance obligation.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">69</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Right
to invoice&nbsp;&mdash; we have the right to consideration from a customer in an amount that corresponds directly with the value to the
customer of our performance completed to date we may recognize revenue in the amount to which the entity has a right to invoice.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Intangible
Assets</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
record our intangible assets at cost in accordance with Accounting Standards Codification (&ldquo;ASC&rdquo;) 350, <FONT STYLE="font-style: italic; font-weight: normal">Intangibles&nbsp;&mdash;
Goodwill and Other</FONT>. Definite lived intangible assets are amortized over their estimated useful life using the straight<FONT>-line</FONT>
method, which is determined by identifying the period over which the cash flows from the asset are expected to be generated.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Impairment
of Long-Lived Assets</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
review long<FONT>-lived</FONT> assets, including definite<FONT>-lived</FONT> intangible assets, for impairment whenever events or changes
in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is determined
by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount. If the operation
is determined to be unable to recover the carrying amount of its assets, then these assets are written down first, followed by other long<FONT>-lived</FONT>
assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised values, depending on the nature
of the assets.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Fair
Value Measurements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
defined in ASC 820, <FONT STYLE="font-style: italic; font-weight: normal">Fair Value Measurements and Disclosures</FONT>, fair value is
the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date (exit price). We utilize market data or assumptions that market participants would use in pricing the asset or
liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily
observable, market corroborated, or generally unobservable. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used
to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or
liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). This fair value measurement framework
applies at both initial and subsequent measurement.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-left: 36pt; text-indent: -36pt; margin-top: 9pt">Level
1: Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those
in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing
basis.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-left: 36pt; text-indent: -36pt; margin-top: 9pt">Level
2: Pricing inputs are other than quoted prices in active markets included in Level<FONT> </FONT>1, which are either directly or indirectly
observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies.
These models are primarily industry<FONT>-standard</FONT> models that consider various assumptions, including quoted forward prices for
commodities, time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other
relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument,
can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-left: 36pt; text-indent: -36pt; margin-top: 9pt">Level
3: Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with
internally developed methodologies that result in management&rsquo;s best estimate of fair value. The significant unobservable inputs
used in the fair value measurement for nonrecurring fair value measurements of long<FONT>-lived</FONT> assets include pricing models,
discounted cash flow methodologies and similar techniques.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Fair
Value of Financial Instruments</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
carrying value of cash, accounts receivable, inventory, accounts payable and accrued expenses, and other current liabilities approximate
their fair values, based on the short<FONT>-term</FONT> maturity of these instruments. The carrying amount of the loans payable approximates
the estimated fair value for this financial instrument as management believes that such debt and interest payable on the note approximates
our incremental borrowing rate.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">70</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Stock-based
Compensation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
apply the provisions of ASC 718, <FONT STYLE="font-style: italic; font-weight: normal">Compensation &mdash; Stock Compensation</FONT>
(&ldquo;ASC 718&rdquo;), which requires the measurement and recognition of compensation expense for all stock<FONT>-based</FONT> awards
made to employees, including employee stock options, in the statements of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
stock options issued to employees and members of the board of directors for their services, we estimate the grant date fair value of each
option using the Black<FONT>-Scholes</FONT> option pricing model. The use of the Black<FONT>-Scholes</FONT> option pricing model requires
management to make assumptions with respect to the expected term of the option, the expected volatility of the common stock consistent
with the expected life of the option, risk<FONT>-free</FONT> interest rates and expected dividend yields of the common stock. For awards
subject to service<FONT>-based</FONT> vesting conditions, including those with a graded vesting schedule, we recognize stock<FONT>-based</FONT>
compensation expense equal to the grant date fair value of stock options on a straight<FONT>-line</FONT> basis over the requisite service
period, which is generally the vesting term. Forfeitures are recorded as they are incurred as opposed to being estimated at the time of
grant and revised. Due to our limited history and lack of public market for our common stock, we used the average of historical share
prices of similar companies within its industry to calculate volatility for use in the Black<FONT>-Scholes</FONT> option pricing model.
Pursuant to ASU 2018<FONT>-07</FONT> Compensation&nbsp;&mdash; Stock Compensation (Topic 718): Improvements to Non<FONT>-employee</FONT>
Share<FONT>-Based</FONT> Payment Accounting, we account for stock options issued to non<FONT>-employees</FONT> for their services in accordance
with ASC 718. We use valuation methods and assumptions to value the stock options that are in line with the process for valuing employee
stock options noted above.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Research
and Development</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">All
research and development costs are charged to operations as incurred.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Leases</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
accordance with ASC 842, <FONT STYLE="font-style: italic; font-weight: normal">Leases</FONT>, we recognize a right<FONT>-of-use</FONT>
(&ldquo;ROU&rdquo;) asset and corresponding lease liability on our balance sheets for our office space lease agreement. See Note 10 for
further discussion, including the impact on our financial statements and related disclosures.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">ROU
assets include any prepaid lease payments and exclude any lease incentives and initial direct costs incurred. Lease expense for minimum
lease payments is recognized on a straight<FONT>-line</FONT> basis over the lease term. The lease terms may include options to extend
or terminate the lease if it is reasonably certain that we will exercise that option. Leases in which we are the lessee are comprised
of office rental. All of the leases are classified as operating leases.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Income
Taxes</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Deferred
tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit
carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in income in the period that includes the enactment date.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
utilize ASC 740, <FONT STYLE="font-style: italic; font-weight: normal">Income Taxes</FONT>, which requires the recognition of deferred
tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax
returns. We account for income taxes using the asset and liability method to compute the differences between the tax basis of assets and
liabilities and the related financial amounts, using currently enacted tax rates. A valuation allowance is recorded when it is &ldquo;more
likely<FONT>-than-not</FONT>&rdquo; that a deferred tax assets will not be realized.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
uncertain tax positions that meet a &ldquo;more likely than not&rdquo; threshold, we recognize the benefit of uncertain tax positions
in the financial statements. Our practice is to recognize interest and penalties, if any, related to uncertain tax positions in income
tax expense in the statements of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Recent
Accounting Pronouncements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
February&nbsp;2020, the FASB issued ASU 2020<FONT>-02</FONT>, Financial Instruments<FONT>-Credit</FONT> Losses (Topic 326) and Leases
(Topic 842) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No.&nbsp;119 and Update </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">71</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">to
SEC Section on Effective Date Related to Accounting Standards Update No.&nbsp;2016<FONT>-02</FONT>, Leases (Topic 842), which amends the
effective date of the original pronouncement for smaller reporting companies. ASU 2016<FONT>-13</FONT> and its amendments will be effective
for us for interim and annual periods in fiscal years beginning after December<FONT> </FONT>15, 2022. We believe the adoption will modify
the way we analyze financial instruments, but we do not anticipate a material impact on results of operations. We are in the process of
determining the effects adoption will have on its consolidated financial statements. See footnotes to our consolidated financial statements
for the years ended December<FONT> </FONT>31, 2021 and 2020 included elsewhere in this prospectus.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Off-Balance
Sheet Arrangements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have no off<FONT>-balance</FONT> sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources
that is material to investors.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Factors
That May Affect Future Results and Financial Condition</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
information contained under the caption &ldquo;Risk Factors&rdquo; beginning on page 16 of this prospectus provides examples of risks,
uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward<FONT>-looking</FONT>
statements. Readers should be aware that the occurrence of any of the events described in these risk factors could have a material adverse
effect on our business, results of operations and financial condition. We undertake no obligation to update or revise publicly any forward<FONT>-looking</FONT>
statements, whether as a result of new information, future events, or otherwise.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Emerging
Growth Company Status</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are an &ldquo;emerging growth company&rdquo; as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act, and we intend
to take advantage of some of the exemptions from reporting requirements that are applicable to other public companies that are not emerging
growth companies. We cannot predict if investors will find our common stock less attractive because we will rely on these exemptions.
If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and
our share price may be more volatile. We may take advantage of these exemptions until the last day of our fiscal year following the fifth
anniversary of the completion of this offering. However, if any of the following events occur prior to the end of such five<FONT>-year</FONT>
period, (i)&nbsp;our annual gross revenue exceeds $1.07<FONT> </FONT>billion, (ii)&nbsp;we issue more than $1.0<FONT> </FONT>billion of
non<FONT>-convertible</FONT> debt in any three<FONT>-year</FONT> period or (iii)&nbsp;we become a &ldquo;large accelerated filer,&rdquo;
(as defined in Rule&nbsp;12b<FONT>-2</FONT> under the Exchange Act), we will cease to be an emerging growth company prior to the end of
such five<FONT>-year</FONT> period. We will be deemed to be a &ldquo;large accelerated filer&rdquo; at such time that we (a)&nbsp;have
an aggregate worldwide market value of common equity securities held by non<FONT>-affiliates</FONT> of $700<FONT> </FONT>million or more
as of the last business day of our most recently completed second fiscal quarter, (b)&nbsp;have been required to file annual and quarterly
reports under the Exchange Act, for a period of at least twelve months and (c)&nbsp;have filed at least one annual report pursuant to
the Exchange Act. Even after we no longer qualify as an emerging growth company, we may still qualify as a &ldquo;smaller reporting company,&rdquo;
which would allow us to take advantage of many of the same exemptions from disclosure requirements including reduced disclosure obligations
regarding executive compensation in this prospectus and our periodic reports and proxy statements.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Under
the JOBS Act, emerging growth companies can also delay adopting new or revised accounting standards until such time as those standards
apply to private companies. We have irrevocably elected to avail ourselves of this exemption from new or revised accounting standards
and, therefore, will be subject to the same new or revised accounting standards as other public companies that are emerging growth companies.
As a result, changes in rules of U.S. generally accepted accounting principles or their interpretation, the adoption of new guidance or
the application of existing guidance to changes in our business could significantly affect our financial position and results of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Quantitative
and Qualitative Disclosures about Market Risk</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
cash balance as of June 30 was $291,335. Our primary exposure to market risk is interest income sensitivity, which is affected by changes
in the general level of interest rates. Because of the short<FONT>-term</FONT> nature of the instruments in our portfolio, we would not
expect a sudden change in market interest rates to have a material impact on our financial position or results of operations.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">72</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T11"></A><FONT STYLE="font-style: normal; font-weight: bold">BUSINESS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Overview</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
design and develop innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic.
We developed an easy<FONT>-to-administer</FONT> medical device &mdash; referred to as Generation 1 or Gen<FONT>-1</FONT>&nbsp;&mdash;
that utilizes bioelectronic medical technology to treat anxiety and insomnia, without the need for drugs or psychotherapy. Our original
Gen<FONT>-1</FONT> devices emit waveform at 4 milliamps during treatment and is classified by the FDA as a Class II device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Medical
professionals in the United States have utilized the Gen<FONT>-1</FONT> device to administer to patients in clinical settings. While the
Gen<FONT>-1</FONT> device had been cleared by the FDA to treat anxiety and insomnia, two prevalent and serious diseases, as a result of
the FDA&rsquo;s December&nbsp;2019 reclassification of CES devices that treat anxiety and insomnia described elsewhere in this prospectus
we are required to file an amendment application under Section&nbsp;510(k) of the Federal Food, Drug and Cosmetic Act (&ldquo;510(k) Application&rdquo;)
to be approved by the FDA. Accordingly, while we continue providing services to medical professionals to support patients&rsquo; use of
the Gen<FONT>-1</FONT> devices which were in operation prior to December&nbsp;2019, we are not making new sales of Gen<FONT>-1</FONT>
devices in the United&nbsp;States. We have suspended marketing and sales efforts on the Gen<FONT>-1</FONT> device for treatment of anxiety
or insomnia until a new 510(k) application is approved by the FDA. We are analysing whether to proceed with an amended application with
the FDA for Gen<FONT>-1</FONT> devices for the treatment of insomnia and anxiety. Our regulatory team has informed the FDA of the suspension
of marketing and sale of our Gen<FONT>-1</FONT> products to new providers. Additionally, our regulatory team has informed FDA inspectors
that we continue to support the operations of clinical providers that were open and using our Gen<FONT>-1</FONT> devices prior to the
December&nbsp;2019 ruling by the FDA. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have begun discussions with the University of Pennsylvania, the University of Arizona and the University of California to design and structure
the special control clinical trials for anxiety and insomnia in accordance with the comments received by the FDA during what is referred
to as the &ldquo;presub&rdquo; meeting process. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
have designed and developed new advanced waveform technology to be emitted at 15 milliamps through our existing medical device improved
with a modern enclosure &mdash; referred to as Generation 2 or Gen<FONT>-2</FONT> &mdash; which can penetrate deeper into the brain and
the associated structures of mental illness, which we believe will generate enhanced patient response. The Nexalin regulatory team is
analyzing whether to develop strategies for a new PMA application in the United States for the treatment of depression with our new Gen<FONT>-2</FONT>
device. Gen<FONT>-2</FONT> is presently being tested in clinical trials, for anxiety, insomnia and depression in the United&nbsp;States
and China. Preliminary data provided by the University of California San Diego supports the safety of utilizing our waveform technology
at an increased power however, the determination of safety of medical devices in the United States is subject to clearance by the FDA.
The new waveform that is the basis of Gen<FONT>-2</FONT> and Gen<FONT>-3</FONT> devices has been tested in a research setting to determine
safety data to be provided for review by the FDA for safety and efficacy evaluation. Determinations of the safety and efficacy of our
devices are solely within the authority of the FDA. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
are also currently designing clinical trials for the use of Gen<FONT>-2</FONT> for the treatment of substance use disorders and particularly
substance abuse issues related to opiates, Alzheimer&rsquo;s disease and dementia. In part due to increasing incidence attributed to the
devastating impacts of the COVID<FONT>-19</FONT> pandemic, mental health and cognitive disorders are widespread across the globe and cause
substantial health, social and economic losses and hardships accordingly. Our focus is on the continued development of our innovative
bioelectronic medical technologies and rapid regulatory approval to help reverse these losses and hardships by safely and effectively
treating various mental health disorders. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">All
our products are non<FONT>-invasive</FONT> and undetectable and, critically, can provide relief to those afflicted with mental health
issues without adverse side effects. We have a proprietary design of varying voltages, currents, electromagnetic fields and various frequencies
&mdash; referred to collectively as waveform &mdash; particularly our proprietary, patented symmetrical alternating current waveform.
Our devices generate a high frequency, charge balanced electrical current waveform that is applied to an array of electrodes on the head.
The features of this waveform make the application of the stimulation undetectable to the human body and this technique is proprietary
to our devices, which enables the use of a higher current than all other devices in the market.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
devices generate a high frequency, charge balanced electrical current waveform that is applied to an array of electrodes on the head.
The features of this waveform make the application of the stimulation undetectable to the human body and this technique is proprietary
to our devices, which enables the use of a higher current than all other devices in the market. Our design of an advanced waveform is
the basis of our treatment and our continuing evolution.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">73</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
recognize that an additional barrier to treatment in today&rsquo;s mental health treatment landscape &mdash; beyond the concerns about
safety, efficacy and discomfort that have been associated with conventional mental health treatments such as drugs, psychotherapy and
other forms of electrical stimulation &mdash; is stigma. We have received industry reports and feedback that many patients that struggle
with mood disorders have a stigma of embarrassment associated with psychotherapy (e.g., counselling with a therapist). Therefore, we are
developing a new headset design to emit our waveform technology which will offer medical professionals the opportunity to prescribe the
headset device for use in a patient&rsquo;s home &mdash; referred to as Generation 3 or Gen<FONT>-3</FONT> &mdash; to increase access
to mental health treatment. We believe that in order to preserve product safety and integrity for home use, the headset device will require
physician oversight including prescriptions for use, monthly authorization for continued patient use and monthly physician monitoring
through our digital management platform that is in development. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Market
and Industry Background</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Historically,
pharmaceutical solutions have been the first line of treatment for those who suffer from anxiety, insomnia, depression and other mental
health disorders. Beginning in 1950, for patients that were not responding to medication, ECT, also called &ldquo;shock therapy,&rdquo;
became available. Over time, researchers began to look at alternative ways to inject electricity into the human brain. One such method
was via implantable neurostimulators that required invasive surgery procedures associated with high cost and high risk. Implantable devices
became the potential solution for those who would not take or could no longer take pharmaceuticals. The interest in electricity continued
with the creation of small handheld devices powered by a direct current (DC) battery that the consumer could buy without any medical supervision.
Clinical versions of DC stimulators, known as transcranial direct current stimulation (tDCS), were developed by researchers; many of these
devices are still in research settings without industry support.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
1992, a new neurostimulation technique emerged called trans<FONT>-cranial</FONT> magnetic stimulation (TMS). This technique evolved into
repetitive trans<FONT>-cranial</FONT> magnetic stimulation (rTMS), which utilized repetitive magnetic pulse energy to stimulate the brain
of patients struggling with depression. The American pharmaceutical industry embraced and funded this technology. The FDA cleared rTMS
only for patients who had failed to respond to anti<FONT>-depressants</FONT>. Side effects, high cost and moderate efficacy continue to
burden this technology sector.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Both
insurance companies and healthcare providers are looking for alternative ways to decrease costs while still providing safe and effective
treatments.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">According
to Infinium Global Research, the global neurostimulation devices market is projected to grow from approximately $4.7<FONT> </FONT>billion
in 2018 to approximately $9.8<FONT> </FONT>billion for a CAGR of 10.9% from 2019<FONT>-2025</FONT>. There are several drivers of this
growth. First, many mental health disorders are treated with psychotherapy or pharmaceutical intervention and have limited efficacy and,
in the case of the latter increased awareness of the side effects of medication. Second, the rising number of geriatric patients, particularly
with respect to Alzheimer&rsquo;s disease, will increase demand for mental health treatments. Third, increased diagnosis of cases of anxiety,
depression and various other mental health disorders in all age populations will contribute to market expansion. Doctors and patients
will seek effective, safer and more cost<FONT>-effective</FONT> alternatives to current care standards. Advancements in neurostimulation
techniques, such as those we are developing, will provide treatment options that address irregularities in the brain&rsquo;s functional
health. These functional brain health issues are believed to be the underlying cause of many mental health disorders and chronic diseases.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Overall,
we believe that our marketing and growth strategy which we utilized for our Gen<FONT>-1</FONT> device in combination with our advanced
waveform, technological upgrades and the development of a modern headset monitored with our IT management platform, evidenced in our Gen<FONT>-2</FONT>
and Gen<FONT>-3</FONT> devices, will position us with the opportunity to disrupt the traditional mental health treatment model. Our mission
is to remove the stigma of expensive psychotherapy or pharmaceuticals with the attendant side effects and dependency issues and replace
such stigma with clinically proven and cost<FONT>-effective</FONT> technology that is undetectable to the patient during treatment.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Anxiety
Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Anxiety
disorders are considered the most prevalent of psychiatric disorders. Anxiety disorders include generalized anxiety disorder, social anxiety
disorder, panic disorder, obsessive<FONT>-compulsive</FONT> disorder, post<FONT>-traumatic</FONT> stress disorder (PTSD) and phobias.</P>
</DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">74</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following anxiety facts and statistics support the demand for a safe, effective and low<FONT>-cost</FONT> solution for anxiety:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>According
to the National Institute of Mental Health (NIMH), 40<FONT> </FONT>million adults in the United&nbsp;States suffer from anxiety disorders,
and such disorders are the most common mental illness in the&nbsp;United&nbsp;States </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Anxiety
disorders cost the United State more than $42<FONT> </FONT>billion a year, almost one<FONT>-third</FONT> of the country&rsquo;s $148<FONT>
</FONT>billion total mental health bill, according to &ldquo;The Economic Burden of Anxiety Disorders,&rdquo; a study commissioned by
Anxiety and Depression Association of America (ADAA) (The Journal of Clinical Psychiatry, 60(7), July&nbsp;1999) </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Relatedly,
the National Institute on Drug Abuse (NIDA) has revealed that overdose deaths involving benzodiazepines to treat anxiety &mdash; such
as Xanax and Valium &mdash; have quadrupled between 2002 and 2015 </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>According
to Fortune Business Insights, the global anxiety disorders and depression treatment market size was $8.50<FONT> </FONT>billion in 2019
and is projected to reach $13.03<FONT> </FONT>billion by 2027 </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Insomnia
Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Insomnia
is a common sleep disorder considered to be responsible for at least $63<FONT> </FONT>billion in direct and indirect healthcare costs
each year, according to the Harvard American Insomnia Study. A frightening number of insomnia cases are undiagnosed and untreated, even
as the condition becomes a mounting financial burden on America&rsquo;s employers and the healthcare system. Data surrounding sleep disorders
demonstrate that insomnia is a growing problem that shows no signs of slowing down. Relatedly:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>According
to a study in the Journal of Clinical Sleep Medicine, up to 48% of all adults over 60&nbsp;experience insomnia </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Moreover,
the Centers for Disease Control and Prevention (CDC) estimate that about 70<FONT> </FONT>million Americans suffer from chronic sleep problems
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>40%
of people with insomnia are believed to also be affected by a mental health disorder and around 75% of adults with depression suffer from
insomnia, according to the Sleep Foundation </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Although
people successfully treat short<FONT>-term</FONT> insomnia with sleeping pills, many become dependent on them </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>According
to MarketsandMarkets, the United&nbsp;States insomnia treatment market is expected to be worth $4.24<FONT> </FONT>billion by 2021 </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">These
current market conditions present an opportunity to introduce a technology that provides a safe, effective and drug<FONT>-free</FONT>
alternative for those suffering from insomnia. We believe we have the ability to decrease the number of potentially addictive insomnia
prescriptions needed by patients and offer physicians a non<FONT>-pharmaceutical</FONT> option to provide their patients. Additionally,
we are developing a solution for home<FONT>-based</FONT> treatment for chronic insomnia and to improve sleep hygiene for its user.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Depression
Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Depression
continues to be the leading cause of medical disability around the world. Poor efficacy, risk and adverse side effects of current anti<FONT>-depressants</FONT>
are driving the preference for non<FONT>-pharmacological</FONT> therapies, which will limit growth for the pharmaceutical sector of the
depression treatment market. This limitation will enhance the research and development of novel therapies that treat depression safely
and effectively without adverse side effects. Historically, according to the CDC, only one<FONT>-third</FONT> of people with severe depression
have taken anti<FONT>-depressants</FONT>.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Most
patients with severe depression remain untreated and the potential market for a safe, effective and affordable solution is significant:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>According
to the World Health Organization (WHO), globally, more than 264<FONT> </FONT>million people of all ages suffer from depression </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">75</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In
2017, around 17.3<FONT> </FONT>million adults age 18 or older in the United&nbsp;States had experienced at least one major depressive
episode in the last year, equaling 6.7% of adults in the United&nbsp;States, according to the NIMH </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Depression
is also associated with increased mortality and suicide </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Relatedly,
according to Fortune Business Insights, the global anxiety disorders and depression treatment market size was $8.50<FONT> </FONT>billion
in 2019 and is projected to reach $13.03<FONT> </FONT>billion by 2027 </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Any
decline in the depression medication market should indirectly accelerate the growth of the neurostimulator market. Based on the market
data and current trends, the depression market &mdash; like the anxiety and insomnia market &mdash; has enormous potential our products.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Prior
to December&nbsp;2019, our Gen<FONT>-1</FONT> device was considered a Class III device. Treatment of depression in the United&nbsp;States
is limited to Class III devices only. Prior to 2019, our existing Gen<FONT>-1</FONT> medical device had been used to successfully treat
depression in the U.S. The Gen<FONT>-2</FONT> version of our device when introduced into the United States will be subject to approximately
eighteen months of clinical study before our application for PMA from the FDA and classification as a Class III device. Assuming we will
be able to obtain successful classification from the FDA, we expect to market our device in the United&nbsp;States as a treatment for
depression.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Over
recent years more clinical data has proven that medication approved for the treatment of depression does not provide adequate efficacy.
In addition to efficacy challenges, side effects can be overwhelming for patients. Frequently, doctors will prescribe based on the least
amount of side effects rather than efficacy. Because of the large number of patients struggling with major depressive disorders and treatment
resistant depression, alternative treatments are currently experiencing renewed interest and growth. Specifically, neurostimulation related
to electricity and magnetic pulse energy are leading the industry of medical technology for the treatment of mental health disorders.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
2003, our prior generation device was cleared for anxiety, depression, and insomnia. Over the last 17&nbsp;years, providers in clinics
of our technology have utilized our technology to treat patients struggling with depression and having been resistant to medication. We
are now undertaking clinical study of our Gen<FONT>-2</FONT> devices and will seek regulatory approval for such devices.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Substance
Use Disorders (Opioid Addiction) Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">According
to the NIDA, substance use and substance use disorders cost the United&nbsp;States more than $740<FONT> </FONT>billion a year in healthcare,
crime and lost productivity costs; but dollars barely capture the devastating human cost of addiction to individuals, families and communities.
According to the National Survey on Drug Use and Health, 19.7<FONT> </FONT>million adults in the United&nbsp;States suffered from a substance
use disorder in 2017.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Relatedly,
drug overdose is now a leading cause of unintentional fatal injury in our nation, claiming more than 70,630 lives in the United&nbsp;States
in 2019, as revealed by the CDC. Significantly, opioids were involved in 49,860 of these overdose deaths in 2019, accounting for 70.6%
of all drug overdose deaths. According to the NIDA, between eight and twelve percent of people using an opioid for chronic pain develop
an opioid use disorder. Opioid addiction also has broad implications for public health due to secondary complications of opioid use.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">According
to Reports and Data, the global drug addiction treatment market is forecast to reach $31.17<FONT> </FONT>billion by 2027.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
current success rate of the best drug and alcohol rehabilitation facilities is minimal. This represents a significant market opportunity
for our company. The disease of addiction is brain<FONT>-based</FONT> in its nature. Currently brain<FONT>-based</FONT> treatments for
the disease are only available to patients who can afford long<FONT>-term</FONT> expensive boutique treatment centers. We intend to demonstrate
that a brain<FONT>-based</FONT> approach to addiction treatment will enhance a patient&rsquo;s success at long<FONT>-term</FONT> recovery.
Our hypothesis is that the current pilot study design at the University California San Diego (see below) will provide a source of validation
for this treatment modality in in addiction treatment associated with chronic pain patients provides the basis of our hypothesis.</P>
</DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">76</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Chronic
Pain Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Originally,
our waveform was designed as an electro<FONT>-analgesic</FONT> for pain. This refers to the ability to electrically interrupt the pain
signaling process in the brain. By interrupting the pain signaling process in the brain, our products can reduce symptoms and discomfort
associated with chronic pain. By reducing the symptoms and discomfort associated with chronic pain, physicians can reduce medications
and avoid dependency issues related to opiate<FONT>-based</FONT> medications.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">According
to Research and Markets, the global chronic pain treatment market is predicted to progress at a CAGR of 6.5% from 2020 to 2030 and generate
revenue of $151.7<FONT> </FONT>billion in 2030.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Currently,
we own an electrostimulation patent for a device that will apply electrodes to the brain, spine and the place of injury. The placement
of these electrodes in conjunction with our various waveforms creates an opportunity for us to treat chronic pain without medication.
Upon funding, we plan to immediately develop a prototype of our existing patented design and introduce it into clinical trials for the
treatment of chronic pain. In previous pilot studies, our existing Gen<FONT>-1</FONT> product reduced pain in patients suffering from
injuries originating in industrial accidents. However, we plan to use the new advanced waveform emitted at 15 milliamps into the new prototype
pain device for new clinical trials for the treatment of chronic pain.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Alzheimer&rsquo;s
Disease and Dementia Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Alzheimer&rsquo;s
disease is a degenerative brain disease and the most common form of dementia. Dementia is not a specific disease, but rather an overall
term that describes a group of symptoms. According to the WHO, there are around 50<FONT> </FONT>million people living with Alzheimer&rsquo;s
disease and other dementias worldwide.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Additionally,
according to the Alzheimer&rsquo;s Association:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
number of Americans living with Alzheimer&rsquo;s is growing and growing fast </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>An
estimated 6.2<FONT> </FONT>million Americans age 65 and older are living with Alzheimer&rsquo;s dementia in 2021 </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>12.7<FONT>
</FONT>million people age 65 and older are projected to have Alzheimer&rsquo;s dementia by 2050 </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>$256.7<FONT>
</FONT>billion worth of care is provided by family members and other unpaid caregivers </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>In
2021, Alzheimer&rsquo;s and other dementias will cost the nation $355<FONT> </FONT>billion, including $239<FONT> </FONT>billion in Medicare
and Medicaid payments combined. Unless a treatment to slow, stop, or prevent the disease is developed, in 2050, Alzheimer&rsquo;s is projected
to cost more than $1.1 trillion (in 2021 dollars) </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">According
to Reports and Data, the global Alzheimer&rsquo;s therapeutics market is projected to reach $13.57<FONT> </FONT>billion by 2027 from $7.42<FONT>
</FONT>billion in 2019 with a substantial compound annual growth rate (CAGR) of 9.2% through the forecast period.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
believe our products could be leveraged to extend the quality of life for millions of people.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Products
and Services</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
existing Gen<FONT>-1</FONT> treatment consists of an FDA Class II medical device that delivers a transcranial alternating current stimulation
(tACS) via disposable headset electrodes that are placed in a specific pattern on the skull of the patient. The device and disposable
headset electrodes transmit a non<FONT>-invasive</FONT>, low risk and drug free brain stimulation using a small, pulsed electric frequency
to the patient. Essentially, our device utilizes a proprietary, patented symmetrical alternating current waveform. The Gen<FONT>-1</FONT>
device was designed to treat patients with anxiety and insomnia. The Gen<FONT>-1</FONT> device is administered to the human brain with
a non<FONT>-invasive</FONT> procedure that places small adhesive electrodes to the forehead and the mastoids behind each ear. The Gen<FONT>-1</FONT>
device&rsquo;s stimulation is undetectable to the human patient and is not associated with any uncomfortable treatment feelings or sensations
of a physical nature. Our devices have the ability to utilize RFID technology that exchanges electrode usage data with a reader in the
main device. The purpose of RFID is to track and maintain control of the proprietary single use electrode. Our electrode chip will be
programmed to exchange data with the device and allow activation for a single treatment with a new electrode only. This one<FONT>-use</FONT>
disposable, as well as a monthly subscription model, for the Gen<FONT>-3</FONT> headset is designed to ensure a recurring revenue stream
on the device and protect against any generic knockoffs designed to avoid treatment costs.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">77</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">While
the FDA previously had approved the Gen<FONT>-1</FONT> device for the described treatment of depression, insomnia and anxiety, as a result
of the FDA reclassification of allowable devises for these uses described elsewhere in this prospectus, we had to suspend marketing and
sales efforts on the Gen<FONT>-1</FONT> device for treatment of anxiety or insomnia until and if a new amended 510(k) application is submitted
by us and approved by the FDA. Clinical and regulatory strategies to a PMA for the Class III treatment of depression are being analyzed
by management of the Company. See &ldquo;Regulatory Strategy.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">The
current proprietary waveform at 77.5 hertz and 4 milliamps stimulates these key mid<FONT>-brain</FONT> structures involved in regulating
neuromodulators and neurotransmitters. These neurochemicals regulate moods, emotions, sleep and cognition. Our patented waveform and electrode
placement distinguish our treatment modality from all comparable electrical stimulators currently available. Our device generates a high
frequency, charge balanced electrical current waveform that is applied to an array of electrodes on the head. The features of this waveform
make the application of the stimulation undetectable to the human body and this technique is proprietary to our device, which enables
the use of a higher current than all other devices in the market.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Our
waveform stimulates the hypothalamic region of the brain and its correlating networks responsible for maintaining the functional health
of the brain. A major function of the hypothalamus is to maintain homeostasis (balance) by constantly sensing and adapting to information
received by the brain. When the body is faced with trauma that is associated with the &ldquo;fight or flight&rdquo; response, this region
of the brain becomes unable to maintain normal levels of serotonin, dopamine, beta<FONT>-endorphins</FONT> and other neurotransmitters.
The result of reduced levels of these important neurochemicals can be anxiety, insomnia, depression and other mental health disorders,
the symptoms of which can increase in frequency and severity if not treated.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Clinical
results indicate that 10 to 15 treatments with our existing technology, for 40 minutes per session, helps stabilize neurochemicals within
the hypothalamic region of the brain, a process which has been referred to as &ldquo;resetting the brain.&rdquo; Early research involving
cerebral spinal fluid has demonstrated that beta<FONT>-endorphins</FONT> increased by an average of 350% in healthy subjects following
these treatments. Beta<FONT>-endorphins</FONT> are powerful neurohormones found in the central nervous system that help to relieve pain
and stress and are also involved in other positive responses within the brain and body. The beta<FONT>-endorphin</FONT> response associated
with the neurostimulation by our technology supports the hypothesis that our treatment is encouraging the brain&rsquo;s ability to normalize
neurochemicals associated with major mood disorders and mental health challenges.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Next
Generations of Devices</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">We
have already designed and developed a second Generation of our technology &mdash; the Gen<FONT>-2</FONT> device. Our waveform in this
next Generation utilizes a new advanced waveform and increases the amperage that the device emits from 4 milliamps to 15 milliamps. Our
hypothesis is that the new advanced waveform will allow us to increase the power of the device exponentially without creating any safety
risks or patient discomfort. By increasing the power, our waveform can penetrate deeper into the brain and the associated structures encompassing
mental illness. In the waveform design of the Gen<FONT>-2</FONT> and Gen<FONT>-3</FONT> products, a power increase will be designed to
be 15 milliamps. Our research and clinical teams believe that a more powerful waveform will possibly allow for deeper penetration. Current
study protocols and randomized clinical trials are being developed to provide data to submit to the FDA for the purpose of safety and
efficacy evaluations in the future. Determinations of the safety and efficacy of our devices are solely within the authority of the FDA.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Our
Gen<FONT>-2</FONT> device was recently approved in China by the NMPA for the treatment of insomnia and depression in China. We will continue
our full clinical testing for approximately 24<FONT> </FONT>months to achieve PMA from the FDA as a Class III device, which we will then
market for the treatment of depression in the United&nbsp;States. This and all other devices will include a disposable for one<FONT>-time</FONT>
use.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Gen<FONT>-2</FONT> device has a fresh and modern appearance that meets the technology standards of the digital tech world of 2022. Early
adopters of the Gen<FONT>-1</FONT> device will be able to access additional firmware upgrades which are planned to enhance the previously
purchased devices to the 15<FONT>-milliamp</FONT> waveform.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
Gen<FONT>-2</FONT> device is equipped with RFID technology that exchanges electrode usage data with a reader in the main device. The purpose
of RFID is to track and maintain control of the proprietary single use electrode. Our electrode chip will be programmed to exchange data
with the device and allow activation for a single treatment with a new electrode only. This ensures a recurring revenue stream on the
device and protects against any generic knockoffs designed to avoid treatment costs. This upgrade in technology also ensures the proprietary
nature of the electrodes that support treatment outcomes are sustained.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">78</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
will also continue developing a new headset design for our products that will offer medical professionals the opportunity to prescribe
the headset device &mdash; Gen<FONT>-3</FONT> &mdash; for use in a patient&rsquo;s home to increase access to mental health treatment.
We believe that in order to preserve product safety and integrity for home use, the headset device will require physician oversight including
prescriptions for use, monthly authorization for continued patient use and monthly physician monitoring through a Nexalin virtual clinic
digital management platform utilizing a subscription model.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Marketing
and Growth Strategy</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Based
on our current marketing and growth strategy, sales of our products will follow a three<FONT>-phase</FONT> process in the United&nbsp;States.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Phase
1</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Upon
closing of this offering, the Company will continue to evaluate the filing an amended 510 k for our 4<FONT>-amp</FONT> device (Gen <FONT>-1</FONT>)
for insomnia and anxiety or a new 510K for our Gen<FONT>-2</FONT> 15mAmp device (Gen<FONT>-2</FONT>).</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Our
sales team will evaluate a sales model for our devices that directly targets service providers such as licensed professionals and mental
health clinics, in specific geographic territories that we believe will generate revenue and lay the foundation for the promotion of our
company and products.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">During
this initial Phase<FONT> </FONT>1, we will evaluate strengthening the clinical case for our treatment by organizing and structuring a
portfolio of research and abstracts that originated during the research and development of the waveform and recently completed trials
in China and the United&nbsp;States. We believe that this portfolio will include clinical summaries from additional clinicals in the United&nbsp;States
and China that are in the manuscript phase with pending submissions for publication.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Additionally,
our regulatory team will continue communications with the FDA that originated in &ldquo;pre<FONT>-sub</FONT>&rdquo; meetings and communications
as part of our FDA approval strategy. We will evaluate the results of these communications and meetings as part of our marketing and growth
strategy.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">We
intend to participate in virtual and in<FONT>-person</FONT> conventions and meetings, leverage remote sales techniques and promote our
company and products in trade publications. We intend to plan to fully participate in trade shows. We will also utilize digital marketing
services to promote our products via social media interactions.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">While
our Phase 1 program has not officially begun, after completion of this offering, we will evaluate and monitor our staffing requirements,
regulatory strategies, and market conditions to develop and support the next phase of our sales and marketing plans.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Our
current marketing and growth strategy for our devices may be updated as a result of our ongoing evaluations during this initial Phase<FONT>
</FONT>1, as well as continuing developments with our Gen<FONT>-2</FONT> device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Phase
1 Pricing</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Current
clinical providers of our technology who leased our devices prior to December 2019 pay a license fee of $995 per month and pay $6 per
single use electrode. The monthly license fee agreement allows for unlimited use of the device and servicing. Servicing consists of warranty
coverage, electrode sales, and patient cable replacement. This servicing is included in the monthly lease payment. The only other charge
for use for those who bought devices is related to the single use electrode. During the calendar years of 2019 and 2020, some providers
who were leasing the devices prior to December 2019 chose to buy the device for $15,000, rather than continue to pay the monthly usage
fee. Currently, we receive approximately $11,000 per month in license fees, monthly lease payments or sales of electrodes.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Phase
2</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
second phase of the sales plan will begin with regulatory approval of our Gen<FONT>-2</FONT> device followed thereafter by manufacture
of such device. Our marketing and growth strategy from Phase 1 will then transition into the Phase 2 marketing and growth strategy and
additional conventions, virtual meetings and marketing strategies will be added. In addition to the licensed medical professional and
the licensed psychiatric community, our sales team will add the chiropractic community of 60,000 licensed chiropractors in the United&nbsp;States
to the concept of targeted purchasers. Additional marketing will occur in the addiction treatment sector. All sales projections in this
phase will include any </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">79</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Phase
1 sales, new sales from Phase 2 and a transition sales program for providers using the Gen<FONT>-1</FONT> device. Revenues will be derived
from the sale of disposables and subscriptions. The sales team has accounted for various market adjustments and attrition rates related
to medical device sales.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Gen<FONT>-2</FONT> device upgrades are in three primary areas &mdash; the new waveform, new modern enclosure and the &ldquo;chipped&rdquo;
single use electrodes for recurring revenue. The waveform in this Gen<FONT>-2</FONT> device is powered at 15 milliamps. The enclosure
for the Gen<FONT>-2</FONT> device has completed the design stage and is in prototype casting and initial manufacturing stage. The design
will provide a fresh and modern appearance that is associated with technological standards in the digital tech world of 2022.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
Gen<FONT>-2</FONT> devices will be equipped with RFID technology that exchanges electrode usage data with a reader in the main device.
The purpose of RFID is to track and maintain control of the proprietary single use electrode. Our electrode chip will be programmed to
exchange data with the device and allow activation for a single treatment with a new electrode only. This ensures a recurring revenue
stream on the device and protects against any generic knockoffs designed to avoid treatment costs. This upgrade in technology also ensures
the proprietary nature of the electrodes that support treatment outcomes are sustained. The revenue projections in Phase 2 are based on
device sales and recurring disposable electrode sales.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Phase
2 sales will include the development and launch of a &ldquo;Patient Activation Program&rdquo; that encourages passive patients to become
active healthcare consumers interested in our treatment modality. This program will provide a web<FONT>-based</FONT> patient recruitment
and management platform. The Patient Activation Program is designed as a module that will eventually plug into the virtual clinic digital
cloud computing platform &mdash; to be developed as part of Gen<FONT>-3</FONT> &mdash; that will manage all aspects of our business model
including the outpatient headset device for outpatient consumer use in the home.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: bold">Phase
2 Pricing</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Gen<FONT>-2</FONT> device and the per treatment charge associated with the disposable electrode will require additional market analysis
supported with data from the Phase 1 marketing and growth plan. The current stimulator market is based on two distinct market price points.
The high end of the market is dominated by the Neurostar and Brainsway rTMS systems that require large capital expenses between $100,000
and $300,000 per device. The Neurostar system also requires a single use disposable magnet priced at an average of $100 per treatment.
The low end of the market is dominated by small plastic handheld devices that are powered with a DC battery and are sold over the internet
direct to consumers for an average of $400. Our sales plan is designed to exploit the disparity in the pricing models and will target
the mid<FONT>-market</FONT> entry point to maximize sales and continuing usage revenue.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Phase
3</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
phase of our sales plan provides a long<FONT>-term</FONT> scalable business model. Our team will have developed the foundation and marketing
assets necessary to launch the new virtual clinic model that will complement the traditional clinic model. Our sales model is to place
more than 1,000 Gen<FONT>-2</FONT> devices on the global stage. The momentum and branding strategies of our existing providers will be
leveraged to enhance the launch of the Phase 3 global sales plan. The Gen<FONT>-2</FONT> device at 15 milliamps supported by the Gen<FONT>-3</FONT>
outpatient headset and our virtual clinic digital management platform is intended to disrupt the current mental healthcare model. The
Gen<FONT>-2</FONT> device at 15 milliamps will offer patients a cost effective and efficient treatment model for day<FONT>-to-day</FONT>
mental health challenges. This device, with its advanced waveform, can treat existing mental health disorders associated with anxiety
and insomnia. Additionally, new strategies are in research and development for FDA treatment indications for depression, substance use
issues associated with addiction, especially as related to opioids, and alcoholism and chronic pain will be incorporated into our treatment
regimen. Additional research and treatment efficacy are being investigated in the Alzheimer&rsquo;s community for patient care and management.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Phase 3 sales plan is designed to triangulate and stimulate the physician, consumer, and manufacturer relationship. Trends in healthcare
indicate consumers are involved in treatment decisions that concern their mental health. Because of the advancement in healthcare technologies,
home<FONT>-based</FONT> care with medical supervision provides patients with a cost<FONT>-effective</FONT> and efficient treatment option.
Home<FONT>-based</FONT> care also avoids the stigma associated with treatment for mental health disorders. In the sales plan presented,
we will have established a global &ldquo;provider&rdquo; network in excess of 1,000 physicians, with 700 such physicians located in the
United&nbsp;States. We will leverage this community to establish a network of physicians that prescribe our home<FONT>-based</FONT> devices
in a virtual clinic setting. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">80</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
goal is that over 40,000 patients will have received a regiment of our treatments by the launch of the outpatient headset device and the
IT management platform. Most of the patients treated would be part of a digital community that supports brand awareness and the sharing
of anonymous outcomes in a social media setting. The Patient Activation Program will include a robust data gathering system on providers
and patients (opt<FONT>-in</FONT>) that enhances our marketing strategies.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">At
this point in the sales plan, we would have developed an extensive patient activation program that is active and driving patients to our
products. This patient recruitment system will provide the marketing vehicle to launch our outpatient, home<FONT>-based</FONT> headset
treatment device. This new treatment option would exist in addition to the clinic<FONT>-based</FONT> service. We will continue to build
the provider network with our virtual and convention models. In addition to existing providers becoming &ldquo;prescribers&rdquo; for
our home<FONT>-based</FONT> unit, a sales team will recruit additional physicians to become &ldquo;prescribers&rdquo; of our home<FONT>-based</FONT>
unit. This allows market penetration in areas without existing providers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
devices in Phase 3 will have modern aesthetics with advanced digital capabilities. In this phase, we will focus on the ability to record
and transmit usage data. Advanced power management, network communication and patient<FONT>-centric</FONT> design will translate into
improved device comfort, efficacy, and consumer compliance. We will also gather data from user habits through cloud<FONT>-based</FONT>
technology. In addition, real time patient conditions such as brain activity and biometrics will be tracked and recorded. This data will
be available in our patient portal for physician monitoring. The data blueprints developed will increase our ability to penetrate the
market and contribute to market valuation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Phase
3 Pricing</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
transition program for all our providers will be developed to upgrade their devices to our latest device with the advanced waveform. Depending
on the final enclosure and internal hardware components, the target trade<FONT>-in</FONT> and transition price is $8,000 for Gen<FONT>-1</FONT>
providers to change to becoming Gen<FONT>-2</FONT> providers. Specific pricing of our Gen<FONT>-2</FONT> devices for new providers at
15 milliamps will need further market analysis.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Reimbursement</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Reimbursement
strategies for this type of technology are complex and vary from one diagnosis to another. We utilize an RFID system that will track doses
delivered. This will simplify comparing our devices to pharmaceutical interventions. Beginning in Phase<FONT> </FONT>1, a complete reimbursement
assessment will be conducted and evaluated to develop a four<FONT>-year</FONT> strategy to acquire reimbursement. We will employ a two<FONT>-prong</FONT>
approach. The first prong will evaluate the clinic<FONT>-based</FONT> product offered by physicians. The second prong will focus on tracking
usage and response from the outpatient headset model that is tracked through the virtual platform. Frequently therapies that are used
in the home are not classified as durable medical equipment and will fall into a reimbursement gap without coverage. We intend to work
to successfully achieve a Level 2 code under the healthcare common procedure coding system. We will work to seek reimbursement for conditions
in sequence with the home based and the clinic<FONT>-based</FONT> unit that will maximize value of treatment from a financial standpoint
as well as monitoring the response by the patient community.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Specific
strategies to ensure successful reimbursement will include:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Payer
relations </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Medical
policy research with the Centers for Medicare&nbsp;&amp; Medicaid Services (CMS) </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>CPT
code analysis and applications </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Health
economics analysis </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Outcomes
research </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Current
payer mix of comparable technologies </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Variations
of coverage in clinical indications </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">81</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">China
Market</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
September&nbsp;2018, we entered into an agreement with Wider, pursuant to which we and Wider shall form the Joint Venture. The Joint Venture
will be formed following the completion of certain funding, clinical study, and publication milestones, which Wider has agreed to undertake
but not yet completed. Following its formation, the Joint Venture will design and implement a comprehensive business model and distribution
plan for our devices in China, Hong&nbsp;Kong, Macau and Taiwan. The first phase of distribution in China includes implementation of a
sales strategy by Wider for mainland China and other territories serviced by Wider. We expect the Joint Venture to be formed by the third
quarter of 2023. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
March 2022, we entered into a second supplement to the Joint Venture agreement with Wider, whereby the parties confirmed that the Joint
Venture had not yet been established and is subject to further review and analysis of regulatory issues in China and the United States,
trade and political issues between the two countries and potential changes in the use and market for the Company&rsquo;s products and
technology. Pursuant to the second supplement, the parties agreed to use their commercial efforts to complete documentation by September<FONT>
</FONT>30, 2022. In light of general economic conditions in China and the United States and the continued impact of regulatory issues
in China and the United States and trade and political issues between the two counties, the parties determined to further extend the time
frame to complete establishment of the joint venture to September<FONT> </FONT>30, 2023 and entered into a supplement 3 to the Joint Venture
Agreement to memorialize such extension. The parties intend to continue to work together to complete the establishment prior to such extended
time. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> During
the first half of 2022, we sold Gen<FONT>-2</FONT> devices in China through Wider which agreed to act as a distributor on a limited basis
pending formation of the Joint Venture. As a result, we recognized revenue of approximately $624,000 during the first half of 2022. In
conjunction with such revenue, during the first half of 2022, we incurred costs of approximately $143,000 for cost of goods sold, delivery
and labeling costs. In 2021, we incurred expenses relating to certain development costs associated with these devices sold during the
first half of 2022 which were recorded during 2021. The Company expects that the $34,000 of additional costs attributed to the $260,000
sale in the first half of 2022 may not be indicative of our cost of sales in future periods and that beginning in the second half of 2022
gross margins may decrease due to an increase in the costs of components, manufacturing, delivery, sales and marketing. In addition, we
expect to derive revenue as a royalty fee from the China based manufacturer of electrodes for electrodes ordered by Wider in connection
with the distribution of our devices in China. The manufacturer will pay us a 20% royalty based upon its electrode sales price to Wider
in connection with Wider&rsquo;s device distribution activities. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
do not pay Wider any commissions or distributor related fees; it derives profit from its markup of devices it sells. We were not required
to obtain any China regulatory approvals with respect to the limited sales of our devices in China by Wider.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
September of 2021, the NMPA, the equivalent of the United States FDA, approved the Gen<FONT>-2</FONT> device for the treatment of insomnia
and depression. These treatment indications and clearances from the NMPA have allowed us to market and sell the Gen<FONT>-2</FONT> device
for these uses in China.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> No
other regulatory of governmental approvals are required for the sale of our devices by Wider and the potential Joint Venture in China.
We may be required to obtain additional or different approvals in Hong&nbsp;Kong, Macau and Taiwan. When the Joint Venture is formed and
Wider completes sales of our devices in China, there are no regulatory or other restrictions that would restrict either (i)&nbsp;the transfer
from China of any proceeds resulting from such sales by Wider to the Joint Venture in Hong&nbsp;Kong, other than standard compliance with
China&rsquo;s State Administration of Foreign Exchange policies and approval process, or (ii)&nbsp;our receipt of our share of such proceeds
from Hong&nbsp;Kong to us in the United&nbsp;States. According to the SAFE guidelines on foreign exchange management of trade in goods
(implemented on August<FONT> </FONT>1, 2012) and the PRC guidelines on foreign exchange business under current account (2020 version)
implemented on August<FONT> </FONT>28, 2020, there are no restrictions on the transfer of sales proceeds by Chinese domestic companies
to Hong&nbsp;Kong companies or foreign companies as long as the current standard SAFE procedures are followed. The current standard SAFE
procedures are as follows: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
Chinese domestic company shall first apply to the local foreign exchange bureau for directory registration by presenting an application
form and business license; and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;after
the domestic company is registered in the directory and provides documentation to prove the authenticity of the business transaction between
the parties, such as the contract for the transaction, banks in China will transfer the sales proceeds.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">82</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
expect to consummate the formation of the potential Joint Venture by the third quarter of 2023. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">See
&ldquo;Risk Factors &mdash; Risks Related to Doing Business in China.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Research</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Summary
of Current Clinical Trials in the United&nbsp;States</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
2019, we began a research partnership with the University California San Diego (UCSD). Prior to the pandemic, two pilot clinical studies
were undertaken with UCSD, however, these trials were paused due to the shutdown of college campuses in California. In the summer of 2021,
new contract negotiations began to explore strategies for special control trials for anxiety and insomnia. Additional strategies are in
development for PTSD and Opiate dependency and mild traumatic brain injury (mTBI). Timelines, contracts, study design and research strategies
are in progress and are waiting for new comments from the FDA presub in the 4th quarter of 2022. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> At
UCSD the first clinical is studying the benefits of our Gen<FONT>-2</FONT> device as a treatment for veterans suffering with opiate addiction.
This pilot study was designed by UCSD and funded by the department of Veterans Affairs. For this opiate addiction study, the primary endpoint
will be alleviating withdrawal symptoms. Secondary endpoints will include decreasing dosages of medication used in opiate addiction cessation,
as well as Magnetoencephalography (MEG) gamma band improvement. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
other study at UCSD is focused on veterans suffering from mild traumatic brain injury (mTBI) and is funded by the United&nbsp;States Department
of Defense. One of the primary symptoms associated with mTBI is PTSD (post traumatic stress disorder). The primary endpoint associated
with this study will be the assessment and reduction of post<FONT>-concussion</FONT> symptoms associated with PTSD. A secondary endpoint
for the study will be improvement and MEG slow<FONT>-wave</FONT> abnormalities. Additional studies are planned for patients and veterans
with suicidal thoughts related to mTBI.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
addition to UCSD, we are in negotiations with other academics to initiate further trials to address new FDA guidelines on existing 4 milliamp
and safety in our 15<FONT>-milliamp</FONT> Gen<FONT>-2</FONT> device. These new trials will support new 510(k)s for anxiety and insomnia
at 15 milliamps. These trials are in addition to the special control trials required by the FDA. Contract negotiations and preparations
are also in progress with the University of Pennsylvania and the University of Arizona for additional trials for the treatment of insomnia
and anxiety. Final contracts are due to be executed after final recommendations are reviewed from the FDA pre<FONT>-sub</FONT> meetings
projected to take place in the fourth quarter of 2022. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
2019, another pilot study was completed with the University of Pennsylvania (UPenn) at an inpatient psychiatric hospital in the Hackensack
meridian healthcare system. The study began with 93 subject patients and was completed by 79 subject patients. The pilot data demonstrated
that 73% of patients that received our treatment had a 50% reduction in depression symptoms in a 5<FONT>-day</FONT> treatment window.
These patients were isolated and secluded in an adult treatment wing at the hospital and were possible candidates for electroconvulsive
therapy (ECT). The patients in the study were not responding to medication treatment and needed to be hospitalized. The follow<FONT>-up</FONT>
trials recommended by UPenn will build on the observations of this clinical study. In addition to the symptom reduction, other data will
be researched and published on the economic savings by adding our treatment instead of continued hospitalization and possible ECT or other
implant technology costs. Further trial strategies are in development to address safety with the 15<FONT>-milliamp</FONT> Gen<FONT>-2</FONT>
device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
second clinical trial was performed at Xuanwu Hospital in Beijing, China studying our technology for the treatment of depression: &ldquo;The
effect of transcranial alternating current stimulation intervention on depressed patients who have never taken medication.&rdquo; A total
of 30 subjects were enrolled. After four weeks of tACS intervention, the remission ratio of the active group was also higher than that
of the control group. In addition, the remission ratio in the fourth week was higher than that in the eighth week, indicating that the
acute effect of tACS in reducing the degree of depression was obvious. With the cessation of tACS intervention, the patients&rsquo; depression
levels rebounded to a certain extent at the end of the next four weeks of follow<FONT>-up</FONT>, that is, the eighth week, but the antidepressant
effect still had a significant clinical effect and can last until the eighth week.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">83</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
conclusion, tACS has the effect of reducing depression with no obvious adverse reactions have been observed. The results of this clinical
trial were recently published in the medical journal &ldquo;BRAIN&rdquo;. The article was accepted for review in June of 2021 was published
in the summer of 2022. An additional insomnia trial performed in China was also accepted for publication in the medical journal &ldquo;Psychotherapy
and Psychosomatics&rdquo; in December of 2019. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Other
areas of research that will be designed and funded relate to the treatment of substance use disorders, Alzheimer&rsquo;s disease and dementia. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: italic; font-weight: bold"></FONT><FONT STYLE="font-style: italic; font-weight: bold">Summary
of Current Clinical Trial Strategy</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Research
and development are the fundamental core of any pharmaceutical or medical device company. Although small trials, with limited patients,
can show promise for a treatment, they are generally not acceptable to the FDA for product approval. In order to commercialize a product
for widespread use, multiple large<FONT>-scale</FONT> trials are required to demonstrate both efficacy and safety. In the past two decades,
the cost of conducting such trials has more than doubled, with many small start<FONT>-up</FONT> companies unable to raise the necessary
capital to complete these vital projects. The increase in cost reflects several variables which are required for successful clinical trial
completion.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">The
various costs can include patient recruitment and retention expenses, physician and nurse expenses, as well as the expenses of other healthcare
providers. Various regulations, each more complex than the next, also have added significant cost to the process. Data collection, as
well as data analysis, is also a significant portion of the study cost. Additionally, almost all studies are conducted through either
a large university, with its underlying overhead for administrative costs and institutional review board approval, or through a contract
research organization, which also adds significant overhead costs in addition to the hard cost of the study itself. Latest estimates for
the cost per patient for an average trial is approximately $41,000 per patient.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> The
planned research for the potential Joint Venture would include at least five major areas of research. These studies would be performed
over approximately eighteen to twenty<FONT>-four</FONT> months, with the goal of publishing the findings in a peer reviewed journal. All
research will be controlled by our team, with all trial designs requiring written final approval by our Chief Medical Officer. Clinical
updates will be required every two weeks. Frequent in<FONT>-person</FONT> inspections will also be performed to ensure the integrity of
the research efforts. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> In
addition to clinical trial work in China and current studies in the United&nbsp;States required by the FDA, further proposed studies will
evaluate a large cohort of patients with depression. This trial would include a double<FONT>-blind</FONT> study design with active and
sham group treatment. These patients would be selected for treatment for major depressive episodes. Patient selection screening will evaluate
100<FONT>-</FONT><FONT>200</FONT> subjects in order to acquire the number of patients needed for a successful trial. Each patient, upon
enrollment, will be evaluated extensively prior to initiation of therapy. Patients will be treated a minimum of 15 separate times, with
each visit requiring pre- and post<FONT>-test</FONT> screening. Moreover, upon completion of therapy, post<FONT>-test</FONT> examination
will be performed not only immediately thereafter but also over the course of one to three months to establish not only efficacy but durability
of the treatment. Recent regulatory changes by the FDA require submission of new clinical studies for continued approval of treatment
of depression. We anticipate a large trial, with at least 100 subjects, randomized to active and placebo treatment. In the United&nbsp;States,
a trial of this magnitude would cost between $2<FONT> </FONT>million and $3<FONT> </FONT>million, if performed at a leading research hospital.
Furthermore, for this particular trial, we will be seeking patients who are pharmaceutically na&iuml;ve, i.e., patients who have never
received antidepressant pharmaceuticals. In the United&nbsp;States, this is a difficult study to populate, as the prevalence of antidepressants
in our society leads to very few patients who have not previously received such drugs. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">One
of the areas of brain stimulation which shows promise is the area of improvement of memory and heightening of mental acuity. Learning
can be improved when certain neural circuits are stimulated. Our aim is to demonstrate the effectiveness of our product in memory and
learning skills. This study will be conducted in China and will be designed to demonstrate increased capacity for memory and learning
with the addition of proper brain stimulation. The study will incorporate multiple patient tasks including both memorization tracking
as well as evaluating improvement in physical dexterity. The goal of this research is to have a handheld, at<FONT>-home</FONT> device
for students in China as well as adults. We anticipate 40<FONT>-60</FONT> patients for the segments of the trial. Current plans are to
have at least two different trials, one with memory assessment and the other with manual dexterity evaluation. The trials are difficult
to perform, requiring significant hands<FONT>-on</FONT> proctorship for each patient. Wider will cover all costs associated with the research
required for the consumer product for students in China. These trials will support an aggressive distribution model for the product directly
to the consumer in China for the enhancement of memory and learning.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">84</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> There
are multiple transcranial stimulation devices on the market. Few have been studied in terms of their neurophysiology. One of the areas
that we wish to explore is the activation of various areas of the brain following stimulation with our device. This evaluation would be
performed with sophisticated fMRI equipment evaluating areas of neuronal stimulation, both within the deep and superficial regions of
the brain. Blood flow activation models will demonstrate, using sophisticated fMRI mapping, the targeted areas for the brain, looking
for both areas of stimulation and neural network changes. Additionally, we will utilize PET scanning to evaluate changes in brain function
and activity. Measurements of GABA, an inhibitory neuron chemical, as well as glutamate, an excitatory transmitter, will be performed.
Such trials are expensive by definition, as the cost of fMRI as well as PET scanning are quite high. The cost of one small 10<FONT>-person</FONT>
trial would border on $40,000-$60,000 or more per patient for the radiotracers and scanning times, as well as patient recruitment. We
estimate the cost of this trial would be in excess of $1.2<FONT> </FONT>million. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Transcranial
stimulation as it affects neuronal function has been studied in multiple diseases. One of the most challenging diseases today is Alzheimer&rsquo;s
disease. As the population&rsquo;s longevity increases, the disease affects a greater number worldwide. Animal research has shown some
promise with various wavelength stimulations of the brain in potentially slowing the progress of the disease.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> At
the start of 2021, an Alzheimer&rsquo;s specific clinical trial was underway in China: &ldquo;Transcranial alternating current stimulation
for patients with mild Alzheimer&rsquo;s disease.&rdquo; Extensive cognitive pre- and post<FONT>-evaluations</FONT> are being performed
at the beginning and conclusion of the study, with less rigorous evaluations before and after each therapy session. To date, ten subjects
have undergone radioisotope C<FONT>-11PIB</FONT> PET<FONT>-MR</FONT> examination, thirty<FONT>-six</FONT> subjects have undergone MR EEG
examination, thirty<FONT>-four</FONT> subjects have completed treatment and twenty<FONT>-one</FONT> subjects have completed the follow<FONT>-up</FONT>.
This clinical trial is in progress and expected to be completed in the first quarter of 2023. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> Given
the nature of their illness, the patients in this study require skilled nursing assistance throughout the study, increasing costs considerably.
Estimated cost for completion of this study is approximately $30,000 per patient. We estimate the cost of this trial to be $1.5<FONT>
</FONT>million, with such cost being borne solely by Wider. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> A
final area of study would include evaluation of chemical changes within the brain following transcranial stimulation. Chemicals, which
are naturally formed in the brain, control many of our moods and thoughts, modulating feelings of pain, depression and generalized mood.
These substances also drive cravings in substance use disorders. One of the areas of research would be to validate changes in cerebrospinal
fluid demonstrating serotonin levels. Serotonin is a &ldquo;feel good&rdquo; chemical which has also been associated with learning. Other
chemicals, such as dopamine, act in a reward center mechanism. Additionally, certain other neurons require specific chemicals to either
fire or be inhibited from firing. These areas can be explored through both chemical testing of bodily fluids and utilizing specific radioactive
markers in the brain for evaluation with PET MRI scans. Current research plans would allow us access to such sophisticated diagnostic
equipment to conduct multiple clinical investigations accordingly. This study would require invasive testing, including blood sample drawings
as well as lumbar punctures. These invasive tests will be repeated multiple times upon the same patient, making study recruitment challenging.
Estimates for a 20<FONT>-patient</FONT> trial are approximately $30,000 per patient, and the total cost of this trial would be in excess
of $600,000. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"> The
estimated total investment value of the four clinical trials in China is in excess of $4.8<FONT> </FONT>million, with such costs being
borne solely by Wider. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">See
&ldquo;Risk Factors &mdash; Risks Related to Doing Business in China.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Development</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 9pt; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: bold">Devices</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt"> Our
engineering team is currently working on the design of new generations of the Nexalin clinical device, an outpatient headset device and
a consumer device for marketing in China. These new Nexalin devices will include new enclosures, proprietary disposable headset electrodes
for revenue control and modern consumer headsets. These new generations of devices will utilize a new advanced waveform with power increased
to 15 milliamps. Our team projects a twelve to eighteen month timeline for design and manufacturing files to be completed and prototypes
to be tested. A new regulatory and clearance filing with the FDA will require nine to twelve months. Our transition plan will be to support
the introduction of the Gen<FONT>-2</FONT> device into the existing marketing and growth strategy. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">85</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">The
next stage for our business in China is to design and manufacture a consumer<FONT>-based</FONT> device that can be easily acquired at
an affordable price point. The engineering team is designing the new device to market and distribute in the China market for memory enhancement.
This consumer device and sales plan will add an additional scalable revenue track. Our engineering and design team will design the consumer
device to administer the Nexalin waveform at the precise areas of the brain that have proven clinical efficacy.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">The
Gen<FONT>-3</FONT> outpatient headset will make use of our investment in the virtual clinic digital management platform. The users will
be able to download an application to their mobile devices that will gather data associated with user habits and the initial response
to the treatment by the client. The Nexalin app will then communicate with a cloud<FONT>-based</FONT> program created to support and modify
future waveform and treatment recommendations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Virtual
Clinic Digital Management Platform</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">We
look to capitalize on the post pandemic digital health model. Our team began researching IT digital development firms at the beginning
of the pandemic. We have now completed our research and bidding process and have begun contract negotiations with a leading IT design
team to begin work on an advanced, proprietary IT management platform that will eventually manage all aspects of the Nexalin clinic model.
The vision is to implement a virtual clinic model that will enable providers and clinics to integrate remote outpatients into an overall
treatment process. Our IT platform goes well beyond telehealth and is designed to support all aspects of the treatment model in conjunction
with various data sets to support marketing, data collection and patient monitoring. Our digital management platform will manage the entire
clinical and outpatient headset business model. The proprietary IT platform will manage all aspects of a new virtual health center related
to treatment for mental health. As the development of the new generations of our devices and the outpatient headset are developed, the
digital platform will eventually manage and triangulate the relationship between the medical professional, the patient and the manufacturer.
The digital platform will handle logistics, data collection and user experience data for clinical evaluation. Additionally, there will
be an app that the patients will install on their phones that will communicate with the outpatient headset. The app will upload user information
that is HIPAA compliant to the IT management platform. Modules will be designed and implemented in the platform to collect biometric data.
The biometric data will be utilized to evaluate patient response. A symptom exam for additional clinical validation will also be offered
in the app. All data and user information will be stored in a secure, HIPAA compliant cloud computing center and access to the information
will be managed through a secure and compliant dashboard management system. The medical professional will have access to all data to monitor
outpatient experience, client response and general health and wellness information.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">We
will leverage our IT investment to create a lead management system for mental health clinics connecting prospective patients with providers.
The medical professional will be able to engage in a telehealth virtual appointment with prospective patients to complete an evaluation
and assess whether the patient is a candidate for the outpatient headset program. After the professional approves the device for the patient,
we will automatically prepare shipment of the device directly to the outpatient consumer from the manufacturer. We will have an internal
department to monitor shipment, and to answer questions through a help desk on how to set up and use the device. The medical professional
can be reimbursed for the virtual appointment via the outpatient&rsquo;s insurance for telehealth care which is becoming part of the new
normal in the post<FONT>-pandemic</FONT>, digital<FONT>-health</FONT> world.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Additional
design and implementation of modules related to social media marketing, bio<FONT>-metric</FONT> data collection and user experience will
eventually complete the design of the IT management platform.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Manufacturing</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
December&nbsp;2021, we entered into a quality assurance agreement with Apical Instruments, an FDA<FONT>-registered</FONT> manufacturer,
to ensure quality assurance of our products. We currently have enough design and manufacturing support to meet all projected company design
and sales goals. Our regulatory team works closely with the Apical quality team to ensure all current compliance and testing standards
are adhered to. All distribution channels will rely on a collaboration between the Apical and Nexalin teams.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Regulatory
Strategy</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
Gen<FONT>-1</FONT> device was originally cleared by the FDA for the treatment of anxiety, insomnia and depression through a 510(k) application.
Section&nbsp;510(k) of the Federal Food, Drug and Cosmetics Act or FFDCA, involves an application submitted to the FDA that demonstrates
a medical device is safe and effective because it is substantially equivalent to another legally marketed device that has been cleared
previously by the FDA for the same treatment indication. At the time of that original clearance, the 510(k) submission did not require
specific clinical data related to the </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">86</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> technology
in the submission document. The Nexalin devices are classified by the FDA as a CES device. The CES device category in general was classified
as a high<FONT>-risk</FONT> Class III medical device. Historically a Class III medical device would require a PMA. A PMA is the FDA process
of extreme scientific and regulatory review to evaluate the safety and effectiveness of any Class III medical device. The CES device category
of medical devices was exempt from the PMA process and allowed the 510(k) application for treatment without scientific data. The PMA process
for a Class III medical device requires 12 to 24<FONT> </FONT>months and a capital investment that frequently exceeds $2<FONT> </FONT>million
for each treatment indication. The process of amending a current 510(k) application with new clinical testing data that provides evidence
of effectiveness can be completed in 12&nbsp;to 18<FONT> </FONT>months and requires a capital investment of $700,000 to $800,000 for each
treatment indication. We intend on using a portion of the proceeds of this offering to analyze whether to proceed, and the timing and
steps necessary, for amending the prior 501(k) application and evaluating strategies to file a new PMA for the treatment of depression. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Beginning
in 2016, the FDA began to hold public comment periods to support possible reclassification of CES devices to a Class II medical device.
This decision would essentially lower the risk category of CES devices. On December<FONT> </FONT>20, 2019, the FDA issued new rulings
related to CES devices for the treatment of anxiety, depression and insomnia. Depression treatment with CES devices will remain a Class
III medical device and will now require a full PMA that provides definitive clinical trial evidence of effectiveness and safety. We are
currently evaluating strategies to file a new PMA for the treatment of depression with the Gen<FONT>-2</FONT> device that administers
a new advanced Nexalin waveform at 15 milliamps. The Gen<FONT>-1</FONT> device was originally cleared by the FDA at 4 milliamps. We will
not file a PMA on the Gen<FONT>-1</FONT> 4 milliamps device for the treatment of depression.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> For
the treatment of insomnia and anxiety, the FDA will not require a PMA application; however, it will require our company to amend our current
510(k) application on the Gen<FONT>-1</FONT> device with new clinical testing data that provides evidence of effectiveness. The deadline
for submitting this clinical testing data was December<FONT> </FONT>19, 2020. As a result of the pandemic, this deadline has been extended.
The Nexalin regulatory team began communicating with the FDA in late 2020 to outline possible timelines for clinical trials that will
begin as the country reopens so that patients can safely participate in our clinical trials. We have engaged in &ldquo;pre<FONT>-sub</FONT>&rdquo;
meetings and are in the FDA comment period related to the special control trials for existing treatment indications of anxiety and insomnia.
A second pre<FONT>-sub</FONT> meeting is currently planned for December of 2022. All our protocols and contracts are on hold with our
research partners teams at UCSD, University of Arizona and UPenn until a second pre<FONT>-sub</FONT> meeting with the FDA takes place.
A second meeting with the FDA will be scheduled to inform the FDA of changes in the protocols and possible strategy modifications for
a combined 4 milliamps and 15 milliamps new 510K. The FDA has not officially provided us with any deadline related to the amendment of
our current 510K application. We are requesting a second pre<FONT>-sub</FONT> meeting the FDA in the fourth quarter of 2022 for the submission
of final protocols for the FDA&rsquo;s review and approval. As a result of the FDA reclassification described elsewhere in this prospectus,
we decided to suspend marketing efforts on the Gen<FONT>-1</FONT> device for treatment of anxiety or insomnia until a new amended 510(k)
application is approved by the FDA. Our operations team has continued to monitor and support existing clinics in operation in the U.S.
Our regulatory team has also informed the FDA of the suspension of marketing our products to new providers. Additionally, our regulatory
team informed the FDA inspectors that we continue to support the operations of clinical providers that were open prior to the FDA&rsquo;s
December&nbsp;2019 rulings. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"> Beginning
in the fourth quarter of 2021, continuing to date, we began designing and planning new clinical trial strategies on our Gen<FONT>-2</FONT>
15 milliamp device for the treatment of anxiety and insomnia. Additionally, we are exploring new clinical trial strategies with our new
Gen<FONT>-2</FONT> device at 15 milliamps for the treatment of major depressive disorder (MDD). In the second quarter of 2022 our regulatory
team began soliciting guidance on new 510K&rsquo;s for Gen<FONT>-2</FONT> and Gen<FONT>-3</FONT> at 15 milliamps for various treatment
indications related to substance use disorders (SUD), anxiety and insomnia. Additional guidance has been solicited on designing and planning
new 510K&rsquo;s that will combine the 4 milliamps Gen<FONT>-1</FONT> special control trials and the Gen<FONT>-2</FONT> and Gen<FONT>-3</FONT>
new trials to support new 510K&rsquo;s for anxiety and insomnia. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Intellectual
Property</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Our
commercial success depends in part on our ability to: obtain and maintain proprietary or intellectual property protection for our products,
our core technologies and other know<FONT>-how</FONT>; operate without infringing on the proprietary rights of others; and prevent others
from infringing on our proprietary or intellectual property rights. Our policy is to seek to protect our proprietary and intellectual
property position by, among other methods, filing United&nbsp;States and foreign patent applications related to our proprietary technology,
inventions and improvements that are important to the development and implementation of our business. We also rely on the skills, knowledge
and experience of our scientific and technical personnel, as well as that of our advisors, consultants and other contractors. To help
protect </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">87</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt; text-indent: 0pt">our
proprietary know<FONT>-how</FONT> that is not patentable, we rely on trade secret protection and confidentiality agreements to protect
our interests. We require our employees, consultants and advisors to enter into confidentiality agreements prohibiting the disclosure
of confidential information and requiring disclosure and assignment to us of the ideas, developments, discoveries and inventions important
to our business.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">We
file patent applications directed to our key products to establish intellectual property positions. These patent applications are intended
to protect these products as well as their uses in the treatment of diseases.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">The
intellectual property portfolios for our most advanced products are summarized below.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Patents</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are the owner and inventor of one existing patent and five pending patents related to the electro<FONT>-stimulation</FONT> techniques
related to our products and services. Our current patents cover a therapeutic electro<FONT>-stimulation</FONT> apparatus (the medical
device) and the software used to create and administer the stimulation to the patient.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Recently,
we developed a strategy to create a broad intellectual property estate focused on the stimulation techniques that our current technology
is based on. Our legal team is currently working closely with our engineers on new claims and device improvements. These designs and claims
will support a new portfolio of provisional patents related to non<FONT>-invasive</FONT> neurostimulation of the brain with specific arrays
of frequencies and triangulating electrode placement.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">88</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">INTELLECTUAL
PROPERTY MATRIX</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">CASE</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">TITLE/MARK</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">COUNTRY/TYPE</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">IN</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">THE</FONT><FONT STYLE="font-size: 8pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">NAME</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">OF</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">SERIAL
        NO.</FONT><FONT STYLE="font-size: 8pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">FILING</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">DATE</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">PAT./REG.
        NO.</FONT><FONT STYLE="font-size: 8pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">ISSUED</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">DATE</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">STATUS</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>001A</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ELECTROSTIMULATION APPARATUS AND METHOD U.S. Non</FONT><FONT STYLE="font-size: 9pt">-Provisional</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">10/075,675
        02/15/2002</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">6,904,322
        06/07/2005</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">ISSUED</FONT><FONT STYLE="font-size: 9pt"><BR></FONT><FONT STYLE="font-size: 9pt">all
        maintenance fees paid Expires 08/02/2023</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>002A</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">MULTI</FONT><FONT STYLE="font-size: 9pt">-CHANNEL</FONT><FONT STYLE="font-size: 9pt">
        ELECTROSTIMULATION APPARATUS AND METHOD U.S. Non</FONT><FONT STYLE="font-size: 9pt">-Provisional</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">11/820,844
        06/19/2007</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">7,769,463
        08/03/2010</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">ISSUED</FONT><FONT STYLE="font-size: 9pt"><BR>3</FONT><FONT STYLE="vertical-align: super; font-size: 6pt">rd</FONT><FONT STYLE="font-size: 9pt">
        Term Maint. Fee Due 08/03/2022 Expires 5/16/2029</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>003T</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXALIN
        TECHNOLOGY U.S.&nbsp;Trademark</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">86/741,415
        08/29/2015</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">4,936,260
        04/12/2016</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">REGISTERED</FONT><FONT STYLE="font-size: 9pt"><BR>Section&nbsp;8&nbsp;&amp;
        15 Due 04/12/2022 Expires 04/12/2026</FONT></P> </TD> </TR>
  <TR>
    <TD COLSPAN="11" VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 100%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">International</FONT><FONT STYLE="font-size: 9pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Class</FONT><FONT STYLE="font-size: 9pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">010:</FONT><FONT STYLE="font-size: 9pt">
        Electrotherapy and medical devices for providing transcutaneous and transcranial electrical stimulation</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>004T</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">
        U.S. Trademark</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">86/741,418
        08/29/2015</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">4,936,261
        04/12/2016</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">REGISTERED</FONT><FONT STYLE="font-size: 9pt"><BR>Section&nbsp;8&nbsp;&amp;
        15 Due 04/12/2022 Expires 04/12/2026</FONT></P> </TD> </TR>
  <TR>
    <TD COLSPAN="11" VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 100%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">International</FONT><FONT STYLE="font-size: 9pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Class</FONT><FONT STYLE="font-size: 9pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">010:
        </FONT><FONT STYLE="font-size: 9pt">Electrotherapy and medical devices for providing transcutaneous and transcranial electrical stimulation</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>005T</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">NEXALIN
        U.S. Trademark</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">87/610,810
        09/15/2017</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">5,547,368
        08/21/2018</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">REGISTERED</FONT><FONT STYLE="font-size: 9pt"><BR></FONT><FONT STYLE="font-size: 9pt">Section&nbsp;8&nbsp;&amp;
        15 Due 08/21/2024 Expires 08/21/2028</FONT></P> </TD> </TR>
  <TR>
    <TD COLSPAN="11" VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 100%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">International</FONT><FONT STYLE="font-size: 9pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Class</FONT><FONT STYLE="font-size: 9pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">010:
        </FONT><FONT STYLE="font-size: 9pt">Electrotherapy and medical devices for providing transcutaneous and transcranial electrical stimulation</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>008N</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DUAL FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR ANXIETY, DEPRESSION, AND INSOMNIA (ADI) U.S.&nbsp;Provisional</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">63/054,955
        07/22/2020</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">n/a</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">Expired&nbsp;&ndash;
        nonprovisional app. filed (see NEXAL</FONT><FONT STYLE="font-size: 9pt">-008A</FONT><FONT STYLE="font-size: 9pt">)</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>008A</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DUAL FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR ANXIETY, DEPRESSION, AND INSOMNIA (ADI) U.S.&nbsp;Non</FONT><FONT STYLE="font-size: 9pt">-Provisional</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">17/337,653
        06/03/2021</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Pending</FONT><FONT STYLE="font-size: 9pt"><BR>The
        application is currently being prosecuted before the USPTO to determine if a patent will be granted and the scope of protection afforded
        by that patent. If a patent is eventually issued for this application, the estimated expiration date would be 6/3/2041.</FONT></P> </TD>
        </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>008PC</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">ALTERNATING
        CURRENT DYNAMIC FREQUENCY STIMULATION SYSTEM AND METHOD FOR ANXIETY, DEPRESSION, AND INSOMNIA (ADI) PCT Application</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">PCT/US2021/041630
        07/14/2021</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Pending</FONT><FONT STYLE="font-size: 9pt"><BR>Awaiting
        search report and opinion from international search authority. The owner has approximately 30</FONT><FONT STYLE="font-size: 9pt"> </FONT><FONT STYLE="font-size: 9pt">months
        from the filing date to enter a national phase in member countries.</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>009N</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DYNAMIC FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR ALZHEIMERS AND DEMENTIA U.S. Provisional</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">63/054,964
        07/22/2020</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">n/a</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Expired&nbsp;&ndash;
        non</FONT><FONT STYLE="font-size: 9pt">-provisional</FONT><FONT STYLE="font-size: 9pt"> app. filed (see NEXAL</FONT><FONT STYLE="font-size: 9pt">-009A</FONT><FONT STYLE="font-size: 9pt">)</FONT></P>
        </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">89</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">CASE</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">TITLE/MARK</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">COUNTRY/TYPE</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">IN</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">THE</FONT><FONT STYLE="font-size: 8pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">NAME</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">OF</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">SERIAL
        NO.</FONT><FONT STYLE="font-size: 8pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">FILING</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">DATE</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">PAT./REG.
        NO.</FONT><FONT STYLE="font-size: 8pt"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">ISSUED</FONT><FONT STYLE="font-size: 8pt">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">DATE</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 8pt">STATUS</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>009N2</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DYNAMIC FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR ALZHEIMERS AND DEMENTIA U.S. Provisional</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">63/061,255
        08/05/2020</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">n/a</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-size: 9pt">Expired&nbsp;&ndash;
        non</FONT><FONT STYLE="font-size: 9pt">-provisional</FONT><FONT STYLE="font-size: 9pt"> app. filed (see NEXAL</FONT><FONT STYLE="font-size: 9pt">-009A</FONT><FONT STYLE="font-size: 9pt">)</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 8pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>009A</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DYNAMIC FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR ALZHEIMERS AND DEMENTIA U.S.&nbsp;Non</FONT><FONT STYLE="font-size: 9pt">-Provisional</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">17/116,233
        12/09/2020</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Pending;</FONT><FONT STYLE="font-size: 9pt">
        The&nbsp;application&nbsp;is&nbsp;currently being prosecuted before the USPTO to determine if a patent will be granted and the scope of
        protection afforded by that patent. If a patent is eventually issued for this application, the estimated expiration date would be 12/9/2040.</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 8pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>009RC</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DYNAMIC FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR ALZHEIMERS AND DEMENTIA Chinese Non</FONT><FONT STYLE="font-size: 9pt">-Provisional</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">2021103025157
        03/22/2021</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Pending</FONT><FONT STYLE="font-size: 9pt"><BR>This
        application was filed in China. The owner has until 7/22/2023 to request, and pay a fee for, a first examination.</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 8pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>009PC</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DYNAMIC FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR ALZHEIMERS AND DEMENTIA PCT Application</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">PCT/US2021/038084
        06/18/2021</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Pending</FONT><FONT STYLE="font-size: 9pt"><BR>Awaiting
        search report and opinion from international search authority. The owner has approximately 30</FONT><FONT STYLE="font-size: 9pt"> </FONT><FONT STYLE="font-size: 9pt">months
        from the filing date to enter a national phase in member countries.</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 8pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>010N</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DYNAMIC FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR OPIOID USE DISORDER (OUD) AND SUBSTANCE USE DISORDER (SUD)
        U.S.&nbsp;Provisional</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">63/054,973
        07/22/2020</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">n/a</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Expired&nbsp;&ndash;
        non</FONT><FONT STYLE="font-size: 9pt">-provisional</FONT><FONT STYLE="font-size: 9pt"> app. filed (see NEXAL</FONT><FONT STYLE="font-size: 9pt">-008A</FONT><FONT STYLE="font-size: 9pt">)</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 8pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>010A</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DYNAMIC FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR OPIOID USE DISORDER (OUD) AND SUBSTANCE USE DISORDER (SUD)
        U.S.&nbsp;Non</FONT><FONT STYLE="font-size: 9pt">-Provisional</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">17/375,555
        07/14/2021</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Pending</FONT><FONT STYLE="font-size: 9pt"><BR>The
        application is currently being prosecuted before the USPTO to determine if a patent will be granted and the scope of protection afforded
        by that patent. If a patent is eventually issued for this application, the estimated expiration date would be 7/14/2041.</FONT></P> </TD>
        </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 8pt; vertical-align: top; width: 6.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">NEXAL-<BR>010PC</FONT></P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 25.36%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">TRANSCRANIAL
        ALTERNATING CURRENT DYNAMIC FREQUENCY STIMULATION (TACS) SYSTEM AND METHOD FOR OPIOID USE DISORDER (OUD) AND SUBSTANCE USE DISORDER (SUD)
        PCT Application</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">Nexalin
        Technology, Inc.</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-size: 9pt">PCT/US2021/042227
        07/19/2021</FONT></P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 12.27%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 1.23%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 8pt; vertical-align: top; width: 24.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 9pt">Pending</FONT><FONT STYLE="font-size: 9pt"><BR></FONT><FONT STYLE="font-size: 9pt">Awaiting
        search report and opinion from international search authority. The owner has approximately 30</FONT><FONT STYLE="font-size: 9pt"> </FONT><FONT STYLE="font-size: 9pt">months
        from the filing date to enter a national phase in member countries.</FONT></P> </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">90</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
expect to file additional provisional and non<FONT>-provisional</FONT> patent applications and copyright protection pertaining to future
Generation technology, proprietary software and trademarks. The patent claims associated with the non<FONT>-provisional</FONT> patent
applications will be defined and prepared in the filings. The intention is to build an intellectual property portfolio asset. Future research
and development projects related to advancements in neurostimulation and neuromodulation technology will be identified and investigated
for future patent filings.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 10pt; margin-top: 10pt"><FONT STYLE="font-style: italic; font-weight: bold">Patent
Term and Term Extensions</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
term of individual patents depends upon the legal term for patents in the countries in which they are obtained. In most countries, including
the United&nbsp;States, the patent term is twenty years from the earliest effective filing date of a non<FONT>-provisional</FONT> patent
application. In the United&nbsp;States, a patent&rsquo;s term may be lengthened by patent term adjustment, which compensates a patentee
for administrative delays by the United&nbsp;States Patent and Trademark Office, or the USPTO, in examining and granting a patent, or
may be shortened if a patent is terminally disclaimed over an earlier filed patent. The term of a patent that covers a product may also
be eligible for patent term extension when FDA approval is granted, provided statutory and regulatory requirements are met.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Similar
provisions are available in foreign jurisdictions to extend the term of a patent that covers an approved product. In the future, if and
when our products receive approval by the FDA or foreign regulatory authorities, we expect to apply for patent term extensions on issued
patents covering those products, depending upon the length of the clinical trials for each product and other factors. The expiration dates
referred to above are without regard to a potential patent term extension or another market exclusivity that may be available to us. However,
we cannot provide any assurances that any such patent term extension of a foreign patent will be obtained and, if obtained, the duration
of such extension.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
patents and patent applications are subject to procedural or legal challenges by others. We may be unable to obtain, maintain and protect
the intellectual property rights necessary to conduct our business, and we may be subject to claims that we infringe or otherwise violate
the intellectual property rights of others, which could materially harm our business. For more information, see the section titled &ldquo;Risk
Factors &mdash; Risks Related to Our Intellectual Property.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 10pt; margin-top: 10pt"><FONT STYLE="font-style: italic; font-weight: bold">Trademarks,
Trade Secrets and Know-How</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
trademark portfolio currently consists of registered trademark rights for the mark NEXALIN TECHNOLOGY in the United&nbsp;States. In connection
with the ongoing development and advancement of our products and services in the United&nbsp;States and various international jurisdictions,
we routinely seek to create protection for our marks and enhance their value by pursuing trademarks and service marks where available
and when appropriate. In addition to patents and trademark protection, we rely upon unpatented trade secrets and know<FONT>-how</FONT>
and continuing technological innovation to develop and maintain our competitive position. We seek to protect our proprietary information,
in part, by using confidentiality agreements with our commercial partners, collaborators, employees and consultants, and invention assignment
agreements with our employees. These agreements are designed to protect our proprietary information and, in the case of the invention
assignment agreements, to grant us ownership of technologies that are developed through a relationship with a third party. These agreements
may be breached, and we may not have adequate remedies for any breach. In addition, our trade secrets may otherwise become known or be
independently discovered by competitors. To the extent that our commercial partners, collaborators, employees and consultants use intellectual
property owned by others in their work for us, disputes may arise as to the rights in related or resulting know<FONT>-how</FONT> and inventions.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 10pt; margin-top: 10pt"><FONT STYLE="font-style: normal; font-weight: bold">Competition</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
plan to be the leader in brain<FONT>-based</FONT> health. We compete with traditional pharmaceutical therapies. All of these have side
effects, such as drug dependency as well as adverse health risks.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
also compete with several neurostimulators at the high and low end of the market as well as implanted devices. All have either a high<FONT>-risk</FONT>
profile or uncomfortable side effects with moderate efficacy. Our products were designed as a cost<FONT>-effective</FONT> option to all
current reimbursed treatments available to the patient.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
believe that existing neurostimulation products are either high risk, high cost and difficult to administer. In addition, they are invasive,
frequently requiring surgery and multiple visits to a physician. Since many of the conditions requiring ongoing treatments, the difficulty
and cost of administering them make them of limited utility for broad application.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">91</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
researchers and developers understood that specific electrical waveforms with specific frequencies that mimicked the natural electricity
in the brain was the future of the treatment of mental health issues and health issues related to the nervous system. After successful
research on rabbit brains and then human subjects, a new waveform was designed that utilized the alternating current and frequency patterns
that evoked a specific chemical response associated with mental health.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">To
ensure the integrity of the waveform and penetration into deep mid<FONT>-brain</FONT> structures, the waveform needed to be undetectable
to the human body. This refers to the alternating current configuration of the patented waveform. This would eliminate the major downfall
with other stimulators that are limited in power because of patient discomfort associated with the treatment. A triangulating electrode
system was also designed to ensure the entire brain was stimulated rather than a targeted area that may not be associated with the mental
disorder. The specifics of our waveform are covered in our patents.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 10pt; margin-top: 10pt"><FONT STYLE="font-style: italic; font-weight: bold">Pharmaceuticals</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Drug<FONT>-based</FONT>
therapies are sometimes associated with side effects, including drug dependency and additional adverse health risks. Pharmaceuticals include
SSRIs, narcotics and benzodiazepines, all of which have issues with tolerance, dependence and withdrawal. Narcotics and benzodiazepines
moreover have addictive properties. All these medications also raise significant issues when long<FONT>-term</FONT> use builds up tolerance
in the body. This tolerance then requires more of the same medication or additional medications to achieve the same effect. With each
medication stacked, a new set of side effects can occur.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Numerous
reviews of clinical data have exposed lower overall effectiveness than the original data first published when the medication was introduced.
In fact, most popular antidepressant studies with negative outcomes have never been published. According to a study in the New England
Journal of Medicine, and then reported in the New&nbsp;York Times, based on the published literature, it appeared that 94% of the trials
conducted on antidepressant agents were positive. The study in the New England Journal of Medicine found, however, that by contrast, the
FDA analysis, which included studies that were not published, showed that 51% were positive. Many studies that have negative outcomes
are never published and are removed from public access. This approach to publishing only positive clinical studies and then engaging in
major media marketing campaigns has contributed to a prescription medication epidemic. In addition to patients that do not respond to
psychiatric medications, there is another population of patients that report that side effects overwhelm any benefits the medications
may offer.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">After
decades of prescription abuse by certain industry professionals, patients are now seeking alternative treatments that are effective without
the serious side effects. Consumer influence and awareness, accompanied with digital technology advancements, are driving many physicians
to adopt new treatment modalities like neurostimulators supported with lifestyle changes.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Antidepressants
such as Prozac, Paxil, Zoloft, Celexa, Lexapro, Effexor, Pristiq, Wellbutrin and Cymbalta are probably the most studied antidepressants,
but the following observations apply to most or all antidepressants: these drugs produce long<FONT>-term</FONT> apathy and loss of quality
of life; they frequently produce a generalized loss of motivation or interest in many or all aspects of life; they frequently cause irreversible
dysfunction and loss of interest in sexuality, relationship and love; withdrawal from all antidepressants can cause a wide variety of
distressing and dangerous emotional reactions from depression to mania and from suicide to violence; after withdrawal from antidepressants,
individuals often experience persistent and distressing mental and neurological impairments; and some people find antidepressant withdrawal
to be so distressing that they cannot fully stop taking the drugs.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Benzodiazepines
(benzos) or anti<FONT>-anxiety</FONT> drugs such as Xanax, Klonopin, Ativan, Valium, Librium, Halcion and others are nicknamed &ldquo;benzos&rdquo;.
Benzos have been found to deteriorate memory and other mental capacities. Human studies demonstrate that they frequently lead to dementia
after longer<FONT>-term</FONT> exposure. After withdrawal, individuals exposed to these drugs may also experience multiple persisting
problems, including memory and cognitive dysfunction, emotional instability, anxiety, insomnia and muscular and neurological discomforts.
Mostly because of severely worsened anxiety and insomnia, many cannot stop taking them and become permanently dependent.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Sleep
Aids, such as Ambien, Intermezzo, Lunesta and Sonata, pose similar problems to the benzos, including memory and other mental problems,
dependence and painful withdrawal. They can cause abnormal mental states and behaviors, including sleepwalking. Insufficient data is available
concerning brain shrinkage and dementia, but these are likely outcomes considering their similarity to benzos. Recent studies show that
these drugs increase death rate, taking away years of life, even when used intermittently for sleep.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">92</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Psychiatric
medication will always be a part of the global mental health treatment model. However, more consumers are aware of the risks and issues
with these medications. From a global perspective, for various reasons, other societies are not as dependent on the pharmaceuticals model.
Subsequently, consumer and physician trends now demonstrate demand for effective treatments without the risk and adverse side effects
typically associated with drugs. In addition, the long<FONT>-term</FONT> costs associated with medication will eventually find their way
into the treatment strategy of the world&rsquo;s leading economies.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Neurostimulation
Technology</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Electroconvulsive
Therapy</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">ECT
is a medical treatment most commonly used in patients with severe major depression who have not responded to medication. The procedure
is done under general anesthesia in which electric currents are passed through the brain that intentionally trigger a seizure. During
the recovery phase of the induced seizure, the brain experiences a normalizing response in dysregulated areas of the brain associated
with the mental disorder. Some have referred to this response as a &ldquo;reset&rdquo; in the brain.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
procedure can be effective with chronic MDD and suicidal patients. Surveys in the medical community indicate that the use of ECT remains
controversial. As of 2001, it was estimated that about one million people receive ECT annually and that number will continue to escalate
as major pharmaceutical companies abandon the anti<FONT>-depressant</FONT> market due to high research and development costs and lack
of efficacy. According to published studies, the overall remission rate for patients given a round of ECT treatment was 50.9%. All literature
on ECT states that most patients will still need medication.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Side
effects of ECT may include:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Headache
or muscle ache in the hours following treatment </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Confusion
shortly after treatment </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Short-
or long<FONT>-term</FONT> memory loss </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Cognitive
impairment </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
cost of ECT is estimated at $3,000 per session with eight to twelve sessions normally required. Including the costs of the procedure room,
nursing staff and anesthesiologist, the average cost for a complete ECT program is $25,000. ECT is usually administered three times a
week, on alternate days, over a course of two to four weeks.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">ECT
is for non<FONT>-responders</FONT> to medication who are diagnosed with severe mental disorders. It is the only real option for patients
who have failed to find relief under the medication model and are still struggling. We believe that our opportunity comes from the fact
that a majority of the population that is diagnosed with one of the major mood disorders either will not respond to medication or the
side effects will overwhelm the benefits of the medications. Most of these patients will not have a mental disorder that is severe enough
to warrant ECT, but some have decided to proceed with ECT anyways because, until recently, it was the only alternative treatment available.
This population of patients that are looking for alternatives to medication is the primary focus of our marketing strategy.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Vagus
Nerve Stimulation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
vagus nerve stimulation device consists of a generator the size of a matchbox that is surgically implanted under the skin below the person&rsquo;s
collarbone. Lead wires from the generator are tunneled up to the patient&rsquo;s neck and wrapped around the left vagus nerve under the
skin. When activated, the device sends electrical current along the left vagus nerve to the brainstem, which then sends signals to certain
areas in the brain. Follow<FONT>-up</FONT> surgeries are required to replace the battery for the stimulation device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Some
of the side effects and health problems associated with implanted vagus nerve stimulation devices can include:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Voice
changes </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Hoarseness
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Throat
pain </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">93</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Cough
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Headaches
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Shortness
of breath </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Difficulty
swallowing </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Tingling
or prickling of the skin </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Insomnia
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Worsening
of sleep apnea </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">The
cost of vagus nerve stimulation is estimated at $25,000 including implant and surgery expenses.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Deep
Brain Stimulation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Deep
brain stimulation (DBS) has primarily been used for treating Parkinson&rsquo;s disease. However, DBS is now offered to treatment resistant
patients with severe depression and suicidal intentions. The DBS system consists of three components: the implanted pulse generator (IPG),
the lead and an extension. The lead is connected to the IPG by an extension, an insulated wire that runs below the skin, from the head,
down the side of the neck. All three components are surgically implanted inside the body.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">A
hole about 14 mm in diameter is drilled into the skull and the probe electrode is inserted into the brain. The exact mechanism of action
of DBS is not known. Its direct effect on the physiology of brain cells and neurotransmitters is currently debated, but it operates by
sending high<FONT>-frequency</FONT> electrical impulses into specific areas of the brain. Generally, DBS is associated with 30&ndash;60%
improvement in clinical evaluations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Cost
of DBS is reported to be between $50,000 and $60,000 to implant.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Transcranial
Direct Current Stimulation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">tDCS
is a contemporary, portable, non<FONT>-invasive</FONT> neurostimulator technique that delivers a low electric current to the scalp. A
fixed current between 1 and 2 milliamps is typically applied. tDCS works by placing a positive (anode) and negative (cathode) current
via electrodes to an area of the scalp or clips to the earlobe. The positioning of the anode and cathode electrodes is used to influence
the direction of the current. The placement of these electrodes sets up a targeting system to stimulate a specific area of the brain that
the clinician feels is the cause of the reported symptoms. The current delivered by tDCS is not considered strong enough to trigger an
action potential in a neuron. The power of tDCS is limited in treatment due to the patient threshold of discomfort and pain are primarily
due to the voltage carried in the DC current that is very uncomfortable to the patient. This limited power also makes it difficult to
effectively stimulate deep areas of the mid<FONT>-brain</FONT> associated with trauma and various mood disorders.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">Over
the last ten years, several new manufacturers have attempted to improve the tDCS technology with various types of electrode placement
patterns. Additionally, academic researchers have started studying tDCS in a controlled setting to catch up with the evolving neurostimulation
industry. These same academic communities have developed strategies to isolate the newer tDCS technology from the hand<FONT>-held</FONT>
plastic battery devices sold on the internet. These internet devices have created a lot of negative impressions in various professional
communities. These impressions are the result of small manufacturers selling portable pocket devices they claim will treat, and sometimes
cure, major mental health disorders. They have no medical or clinical supervision. A patient can buy the device and inject electricity
from a battery into the skull without clinical oversight. The low efficacy is usually at the same level as the &ldquo;placebo&rdquo; response.
Placebo implies that some patients will have a positive response just by having an expectation of treatment. The manufacturers of these
devices often place a medical professional&rsquo;s name on their website along with the results of a private study that states the device
works and is safe to help build credibility among consumers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt">The
costs of the hand<FONT>-held</FONT> plastic battery devices sold on the internet usually range from $50 to $600 each.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 7pt; margin-top: 7pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Transcranial
Magnetic Stimulation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">TMS
is indicated for the treatment of MDD in adult patients who have failed to receive satisfactory improvement from prior antidepressant
medication in the current episode. The FDA requires that the patients&rsquo; eligibility for TMS is based on their failure to respond
to medication before they qualify for TMS.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">94</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">TMS
treatment emerged in the 1990s. Over the next decade, the venture capital and private equity investment community invested over $400<FONT>
</FONT>million into the validation and clinical strategy of TMS. A large percentage of these investors are closely tied to the pharmaceutical
industry. The TMS clearance from the FDA supports the pharmaceutical treatment model first and then allows the TMS technology to step
in when the medication model fails. The evolution of the TMS technology and marketing strategy has shifted the conversation and the acceptance
of non<FONT>-invasive</FONT> stimulation of the brain for mental health disorders. The TMS industry business model requires an expensive
investment and capital risk by the prescribing physician. The investment costs are then passed on to the patient and the payer community.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">The
TMS technology uses strong magnetic pulse energy that is induced by electrical current in a magnetic coil. The curved magnetic coil is
positioned lightly on the head in the area of the brain associated with mood disorders. During the treatment the patient will hear a clicking
sound and experience a tapping sensation on the head associated with the pulsed magnetic energy distributed from the coil. TMS therapy
takes twenty to forty minutes and is administered five days a week for approximately four to six weeks.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">The
effectiveness of TMS is subject to debate. The accepted rate of response varies from 35% to 60% depending on the structure and site of
the study. The data for rTMS is robust and supports a reimbursement co<FONT>-pay</FONT> from the insurance companies depending on the
policy and the carrier.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">Some
of the side effects associated with TMS can include:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Fainting
(rare) </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Seizure
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>General
discomfort </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Pain
and headaches at treatment site on scalp </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Hypomania,
meaning behavior that is noticeably different from the person&rsquo;s typical behavior </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Cognitive
change </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Impaired
working memory </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Hearing
loss (rare) </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">The
Neurostar rTMS device cost ranges from $90,000 to $110,000. The disposable is a small single use magnet that attaches to the magnetic
coil and is priced to the physician at approximately $100 each. The cost of rTMS devices without a disposable can range from $50,000 to
$300,000.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">The
cost to the patient ranges from $6,000 to $12,000 for a complete round of TMS treatments.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">The
rTMS (Neurostar and Brainsway) community is the high end of the market because of issues related to efficacy, safety, side effects and
financial investment. We believe that this therapy will occupy a specialized niche of the market.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Psychotherapy</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Psychotherapy,
or talk therapy, is another treatment modality that has traditionally been used to treat certain mental health disorders. The structure
and frequency of psychotherapy implemented to treat any given mental health issue varies tremendously depending on the provider, patient
and circumstances of the mental health issue. Barriers to the use of psychotherapy, however, include concerns related to stigma, accessibility,
efficacy and costs.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Psychedelics</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
use of psychedelics, like psilocybin, to treat certain mental health disorders is emerging as a new treatment modality in this field.
However, barriers to such therapeutic drug use include concerns related to stigma, efficacy, safety and regulatory complexities.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 9pt; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Government
Regulation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 9pt; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">United
States</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Government
authorities in the United&nbsp;States, at the federal, state and local level, and other countries extensively regulate, among other things,
the research, development, testing, manufacture, quality control, approval, labelling, packaging, storage, recordkeeping, promotion, advertising,
distribution, marketing and export and import of products </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">95</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">such
as those that we have developed and are developing. The FDA previously regulated our Gen<FONT>-1</FONT> device as a medical device through
a 510(k) clearance, however, our Gen<FONT>-2</FONT> device will require a PMA to be submitted to and cleared by the FDA. The Gen<FONT>-1</FONT>
device was cleared by the FDA at 4 milliamps and the re classification does not prevent providers from utilizing the devices. Providers
may continue to use these devices for treatment purposes. We will work with the FDA to update our 510(k) application and obtain a PMA,
as needed. We are also developing a plan to amend our prior applications related to our Gen<FONT>-1</FONT> device to satisfy regulatory
changes which were implemented by the FDA in December&nbsp;2019 and which required us to cease marketing the Gen<FONT>-1</FONT> device
to providers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
may also be subject to United&nbsp;States federal, state and local laws and regulations designed to prevent healthcare fraud and abuse,
protect privacy, the environment and our domestic technology from unintended foreign exploitation and regulate certain business practices.
We believe that our policies, practices and procedures are properly designed to prevent unreasonable risk related to these areas and consequential
financial liability. Our operations may also be subject to various regulations under federal laws regarding the international transfer
of technology, as well as to various federal and state laws related to business operations. In addition, we may be subject to federal
contracting procedures, audit and oversight. Compliance with all of these laws, regulations and requirements has not had, and we believe
will not have in the future, material effects on our capital expenditures, earnings or competitive position.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt"><FONT STYLE="font-style: italic; font-weight: bold">Medical
Device Regulation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Medical
devices commercially distributed in the United&nbsp;States require either FDA clearance of a 510(k) premarket notification submission,
granting of a de novo request or PMA, unless an exemption exists. Under the FFDCA, as administered by the FDA, medical devices are classified
into one of three classes &mdash; Class I, Class II or Class III &mdash; depending on the degree of risk associated with each medical
device and the extent of manufacturer and regulatory control needed to ensure its safety and effectiveness. Regulatory control increases
from Class I to Class III.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Relevantly,
Class II devices are moderate risk devices and are subject to the FDA&rsquo;s general controls, and special controls as deemed necessary
by the FDA to ensure the safety and effectiveness of the device. Such special controls can include performance standards, post<FONT>-market</FONT>
surveillance, patient registries and FDA guidance documents. Most manufacturers of Class II devices are required to submit to the FDA
a premarket notification under Section&nbsp;510(k) of the FFDCA requesting permission to commercially distribute the device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">Class
III devices are deemed the highest risk devices by the FDA and generally include life<FONT>-sustaining</FONT>, life<FONT>-supporting</FONT>
or some implantable devices or devices that have a new intended use or use advanced technology that is not substantially equivalent to
that of a legally marketed device. Class III devices require a PMA. For a device that is Class III by default (because it is a novel device
that was not previously classified and has no predicate), the manufacturer may request that the FDA reclassify the device into Class II
or Class I via a de novo request.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">To
obtain 510(k) clearance, a premarket notification submission must be submitted to the FDA demonstrating that the proposed device is substantially
equivalent to a predicate device. A predicate device is a legally marketed device that is not subject to premarket approval, i.e., a device
that was legally marketed prior to May<FONT> </FONT>28, 1976 (pre<FONT>-amendments</FONT> device) and for which a PMA is not required,
a device that has been reclassified from Class III to Class II or I (e.g., via the de novo classification process), or a device that was
previously cleared through the 510(k) process. The FDA&rsquo;s 510(k) review process usually takes from three to six months but can take
longer.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">After
a device receives 510(k) marketing clearance, any modification that could significantly affect its safety or effectiveness or that would
constitute a major change or modification in its intended use, will require a new 510(k) marketing clearance or, depending on the modification,
a de novo request or PMA approval. The FDA requires each manufacturer to determine whether the proposed change requires submission of
a 510(k), de novo, or a PMA in the first instance. If the FDA disagrees with a manufacturer&rsquo;s determination, the FDA can require
the manufacturer to cease marketing and/or request the recall of the modified device until FDA has cleared or approved a 510(k), de novo
or PMA for the modification.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 6pt; margin-top: 6pt">The
PMA process is more demanding than the 510(k) premarket notification process. In a PMA, the manufacturer must demonstrate that the device
is safe and effective, and the PMA must be supported by extensive data, including data from preclinical studies and human clinical trials.
The PMA must also contain, among other things, a full description of the device and its components, a full description of the methods,
facilities and controls used for manufacturing and proposed labelling. Following receipt of a PMA submission, the FDA determines whether
the application is sufficiently complete to permit a substantive review. If the FDA accepts the application for review, it has 180&nbsp;days
under the FDCA to complete its review of a PMA, although in practice, the FDA&rsquo;s review often takes significantly longer, and can
take up to several years.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">96</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
FDA will approve the new device for commercial distribution if it determines that the data and information in the PMA application constitute
valid scientific evidence and that there is reasonable assurance that the device is safe and effective for its intended use(s). The FDA
may approve a PMA application with post<FONT>-approval</FONT> conditions intended to ensure the safety and effectiveness of the device,
including, among other things, restrictions on labelling, promotion, sale and distribution, and collection of long<FONT>-term</FONT> follow<FONT>-up</FONT>
data from patients in the clinical study that supported PMA approval or requirements to conduct additional clinical studies post<FONT>-approval</FONT>.
The FDA may condition PMA approval on some form of post<FONT>-market</FONT> surveillance when deemed necessary to protect the public health
or to provide additional safety and efficacy data for the device in a larger population or for a longer period of use.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Like
in the context of 510(k) clearances, certain changes to an approved device, such as changes in manufacturing facilities, methods or quality
control procedures, or changes in the design performance specifications, which affect the safety or effectiveness of the device, require
submission of a PMA supplement. PMA supplements often require submission of the same type of information as a PMA, except that the supplement
is limited to information needed to support any changes from the device covered by the original PMA and may not require as extensive clinical
data or the convening of an advisory panel. Certain other changes to an approved device require the submission of a new PMA, such as when
the design change causes a different intended use, mode of operation and technical basis of operation, or when the design change is so
significant that a new Generation of the device will be developed, and the data that were submitted with the original PMA are not applicable
for the change in demonstrating a reasonable assurance of safety and effectiveness.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Clinical
trials are almost always required to support a PMA and are sometimes required to support a 510(k) submission. All clinical evaluations
of investigational devices to determine safety and effectiveness must be conducted, unless exempt, in accordance with the FDA&rsquo;s
investigational device exemption (IDE) regulations. If the device presents a significant risk to human health, as defined by the FDA,
the FDA requires the device sponsor to submit an IDE application to the FDA, which must become effective prior to commencing human clinical
trials. A significant risk device is one that presents a potential for serious risk to the health, safety or welfare of a patient and
either is implanted, used in supporting or sustaining human life, substantially important in diagnosing, curing, mitigating or treating
disease or otherwise preventing impairment of human health or otherwise presents a potential for serious risk to a subject. Clinical trials
must further comply with the FDA&rsquo;s good clinical practice regulations for institutional review board approval and for informed consent
and other human subject protections</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">After
a device is cleared or approved for marketing, numerous and pervasive regulatory requirements continue to apply. Relatedly, the FDA has
broad regulatory compliance and enforcement powers. If the FDA determines that we failed to comply with applicable regulatory requirements,
it can take a variety of compliance or enforcement actions.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">China</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
NMPA is the governmental authority principally responsible for the supervision and administration of medical devices in the PRC. Medical
devices in the PRC (including manufacturing, marketing, and sale) are subject to a mandatory filing/registration regime regulated by the
NMPA. The exact filing pathways are mainly determined by the classification of such devices &mdash; similar to the United States, a three<FONT>-class</FONT>
classification system, from Class I (lowest risk) to Class III (highest risk). Local testing and clinical trials are generally required
for Class II and Class III devices. Some imported devices may need to be registered with a higher<FONT>-level</FONT> government authority
than domestic devices.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
determined by the NMPA the three classes for devices are:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Class
I &mdash; Medical devices for which routine administration can ensure safety for users and the effectiveness of the device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Class
II &mdash; Medical devices that can only be safe and effective with further control in addition to routine administration.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Class
III &mdash; Medical devices that are implanted into the patient&rsquo;s body, pose a threat to the patient&rsquo;s health, or provide
sustenance or life support.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">All
medical devices must be registered with the NMPA. An overseas device company must submit product samples to test with the NMPA. In addition,
all included product information, packaging, and labels, and related material </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">97</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">need
to be translated into simplified Chinese. For a Class I devices, simple product filing to NMPA. However, for Class II and Class III medical
devices, the manufacturing company must meet all the requirements in the latest regulation, guidelines, and standards.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> As
stated elsewhere in this prospectus, in September of 2021, the NMPA approved the Gen<FONT>-2</FONT> device for marketing and sales for
the treatment of insomnia and depression in China. These treatment indications and clearances from the NMPA have allowed us to market
and sell the Gen<FONT>-2</FONT> device in China. Our potential Joint Venture partner, Wider, will be responsible for obtaining future
NMPA registrations and approvals related to the marketing and sales of our devices in China. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Other
Healthcare Laws</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Medical
device developers are often subject to additional healthcare regulation and enforcement by the federal government and by authorities in
the states and foreign jurisdictions in which they conduct their business. Such laws include, without limitation, United&nbsp;States federal
anti<FONT>-kickback</FONT>, fraud and abuse, false claims, civil monetary penalties, consumer fraud, pricing reporting, data privacy and
security and transparency laws and regulations as well as similar foreign laws in the jurisdictions outside the United&nbsp;States. Similar
state and local laws and regulations may also restrict business practices in the medical device industry, such as: state anti<FONT>-kickback</FONT>
and false claims laws, which may apply to business practices, including but not limited to, research, distribution, sales and marketing
arrangements and claims involving healthcare items or services reimbursed by non<FONT>-governmental</FONT> third<FONT>-party</FONT> payors,
including private insurers, or by patients themselves; state laws that restrict payments that may be made to healthcare providers and
other potential referral sources; state and local laws which require tracking gifts and other remuneration and items of value provided
to physicians, other healthcare providers and entities or that require the registration of medical device sales representatives; state
and local laws that require the registration of medical device sales representatives; and state and local laws governing the privacy and
security of health information in some circumstances, many of which differ from each other in significant ways and often are not pre<FONT>-empted</FONT>
by HIPAA, thus complicating compliance efforts. Violation of any of such laws or any other governmental regulations that apply may result
in penalties, including, without limitation, significant administrative, civil and criminal penalties, damages, fines, additional reporting
obligations and oversight if we become subject to a corporate integrity agreement or other agreement to resolve allegations of non<FONT>-compliance</FONT>
with these laws, the curtailment or restructuring of operations, exclusion from participation in governmental healthcare programs and
imprisonment.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Healthcare
Reform Efforts</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
United&nbsp;States is considering, and has recently enacted, several legislative and regulatory proposals to change the healthcare system
in ways that could affect our ability to sell our products profitably. Among policymakers, providers, payors and consumers in the United&nbsp;States
and elsewhere, there is significant interest in promoting changes in healthcare systems with the stated goals of containing healthcare
costs, promoting value<FONT>-based</FONT> care and coordination, improving quality and expanding access. Current and future legislative
proposals to further reform healthcare or reduce healthcare costs may change potential coverage of or alter possible reimbursement for
the services and treatments associated with the use of our products. The cost containment measures that payors and providers are instituting
and the effect of any healthcare reform initiative implemented in the future could impact our revenue from the sale of our products.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Historically,
for example, the implementation of the ACA changed healthcare financing and delivery by both governmental and private insurers substantially
and affected medical device manufacturers significantly. The ACA imposed, among other things, a 2.3% federal excise tax, with limited
exceptions, on any entity that manufactured or imported Class I, II and III medical devices offered for sale in the United&nbsp;States
that began on January<FONT> </FONT>1, 2013. Through a series of legislative amendments, the tax was suspended for 2016 through 2019 and
ultimately repealed. As a result of the repeal and the prior moratorium, sales of taxable medical devices after December<FONT> </FONT>31,
2015 are not subject to the tax.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Other
legislative changes that have been proposed and adopted since the ACA was enacted have, among other things, included reductions to CMS
payments to providers and impacted healthcare financing generally.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Our
Team</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
team is critical to helping us achieve our goal of designing and developing innovative, safe and effective, neurostimulation products
to treat patients suffering from various mental health disorders. Our informal human capital policies are structured to identify, recruit,
retain and incentivize our existing and new employees.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">98</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
currently have three full time employees and 10<FONT>-12</FONT> consultants at different times working on various projects. These consultants,
and our legal and financial advisors assist us in various areas related to regulatory, engineering, research and development, sales and
marketing, legal, financial and other miscellaneous tasks necessary to run our business on day<FONT>-to-day</FONT> basis and to facilitate
the development of new products. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">None
of our employees are represented by a labor union or covered by a collective bargaining agreement. We consider our relationship with our
employees to be good.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have historically utilized contractors to perform many of our services. Through this process, we believe that we have attracted highly
qualified professionals. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Our
Facilities</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Our
principle executive office is located at 1776 Yorktown, Suite 550, Houston, Texas 77056. We sub<FONT>-lease</FONT> this office space under
an operating lease, and our rent expense totalled approximately $48,000 in 2021. Management and supporting staff are hosted at this location.
Our lease payments for 2022 are $4,500 per month. We lease approximately 4,000 square feet of space. The sub<FONT>-lease</FONT> is due
to expire in 2024. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
do not own or operate manufacturing facilities for the production of any of our products, nor do we have plans to develop our own manufacturing
operations in the foreseeable future. We currently rely on a limited number of third<FONT>-party</FONT> contract manufacturers for all
our required manufacturing.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
believe our current premises are sufficient for our needs at this time and for the foreseeable future.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Legal
Proceedings</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
are no material pending legal proceedings in which the Company or any of its subsidiaries is a party or in which any director, officer
or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of its voting securities, or security holder
is a party adverse to us or has a material interest adverse to the Company other than the following:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Sarah
Veltz v. Nexalin Technology, Inc. et al.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Plaintiff,
Sarah Veltz, filed a lawsuit in this matter on January<FONT> </FONT>20, 2021 in Orange County, California Superior Court (Case&nbsp;No.&nbsp;30<FONT>-2021-01180164-CU-WT-CJC</FONT>)
(the &ldquo;Complaint&rdquo;) naming the Company and others as defendants. In her Complaint, Plaintiff contends that she was employed
by defendants, including Nexalin, and has not been paid all wages, including overtime wages and other benefits allegedly due her. Plaintiff
also contends that, during her employment, she was subjected to sexual harassment by the Company&rsquo;s then Chief Executive Officer.
Plaintiff seeks both compensatory and punitive damages. On March<FONT> </FONT>12, 2021, the Company filed its answer to the Complaint.
The court has set a jury trial in this matter for April<FONT> </FONT>24, 2023. Management&rsquo;s intent is to contest the allegations
vigorously and, as of the date of this report, is unable to provide an evaluation of the potential outcome of the litigation within the
probable or remote range or to provide an estimate of the amount of or a range of potential loss that might be incurred by the Company.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">California
Employment Development Department</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Additionally,
we are currently engaged in a dispute with the Employment Development Department (EDD) of the State of California. This matter involves
issues related to previous management&rsquo;s classification of certain work provided to or on behalf of the Company&rsquo;s business
as contract labor instead of employee labor. The EDD has subpoenaed six years&rsquo; worth of information from us and currently is claiming
that the Company owes approximately $290,000 in past due employment related taxes. The Company has petitioned for reassessment and believe
the hired workers at issue were indeed actual contractors and not employees. All Company operations in California have previously been
terminated and it has terminated any physical relationship with the State of California. The Company has one part time worker that resides
in California. An initial hearing before an EDD magistrate was held on April<FONT> </FONT>15, 2022. A second hearing was held in June
of 2022. We are now in negotiations with the EDD for a final settlement. Although the Company believes that it has adequate defenses to
the state claims, there can be no assurance the Company will be successful in its efforts to dispute the claim in whole or in part. </P>
</DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">99</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T12"></A><FONT STYLE="font-style: normal; font-weight: bold">MANAGEMENT</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Directors
and Executive Officers</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
following table sets forth the name, age as of August<FONT> </FONT>22, 2022, and position of the individuals who currently serve as our
directors and executive officers. The following also includes certain information regarding the individual experience, qualifications,
attributes and skills of our directors and executive officers as well as brief statements of those aspects of our directors&rsquo; backgrounds
that led us to conclude that they are qualified to serve as directors. </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="font-style: normal; font-weight: bold">Name</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Age</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Position</FONT> </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT STYLE="font-style: italic; font-weight: normal">Executive
        Officers:</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Mark
        White </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> 61 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> President,
        Chief Executive Officer, Director </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>David
        Owens, M.D.</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> 61 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Chief
        Medical Officer, Director </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>Marilyn
        Elson</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> 69 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Chief
        Financial Officer </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt"> <FONT STYLE="font-style: italic; font-weight: normal">Non-Employee
        Directors:</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Rick
        Morad </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> 64 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Director </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>Alan
        Kazden</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> 62 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Director </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 34.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>Ben
        Hu, M.D.</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> 65 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 56.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Director </P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Executive
Officers</FONT> <FONT STYLE="font-style: italic; font-weight: bold">and Significant Employees</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Mark
White, President and Chief Executive Officer, Board of Directors</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Mr.<FONT>
</FONT>Mark White has been with Nexalin since 2012, first as an independent consultant from 2012 to 2018, and then as President and Chief
Executive Officer from 2018 to present. Mr.<FONT> </FONT>White is a versatile health technology executive with over twenty<FONT>-five</FONT>
years in leadership roles spanning medical device development, clinical operations and business development. Prior to joining Nexalin,
he owned and operated his own clinics and addiction centers, where he has saw first<FONT>-hand</FONT> the positive results the technology
achieves. Early in his career, Mr.<FONT> </FONT>White spent several years building companies and recruiting successful management teams
to accelerate growth across several industries. Mr.<FONT> </FONT>White attended the University of Houston.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">David
Owens M.D., Chief Medical Officer, Board of Directors</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dr.
David Owens has been with Nexalin since 2017 when he was named Chief Medical Officer of the Company. Dr. Owens has been involved in numerous
medical and software ventures over the past decade. Prior to joining Nexalin, he served with Empiric Systems, LLC, a software company
specializing in radiology information systems and PACS viewing systems. He received a degree in chemistry and physics from Furman University
and later a M.D&nbsp;from the Medical University of South Carolina in Charleston. He completed his residency and fellowship at Emory University
Hospital in Neuroradiology and Interventional Neuroradiology.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Marilyn
Elson, Chief Financial Officer</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Ms.
Marilyn Elson joined Nexalin as Chief Financial Officer in January, 2022 and has been a Certified Public Accountant for approximately
35 years providing services for a range of clients including real estate partnerships, corporations and high net worth individuals. Ms.
Elson is a shareholder of the Company. She is a member of U.S. Asian Consulting Group, LLC, which renders advice and consulting services,
including services to the Company. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Ms.
Elson provides services from time to time to a boutique accounting firm whose predecessor Ms. Elson cofounded and of which she was a member.
Ms. Elson terminated her ownership status with that firm in order to serve as Comptroller for a medical technology company guiding the
company through a public offering and listing on a stock exchange. Ms. Elson received a BA in Accounting from Queens College in 1975 and
a MS in Taxation from Pace University in 1988. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">100</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">John
Patrick Claude</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Mr.<FONT>
</FONT>John Claude, in conjunction with Dr. Yakov Katsnelson, designed and developed the original tACS waveform that is marketed as Nexalin
Technology. Mr.<FONT> </FONT>Claude now leads all engineering, research and development at Nexalin Technology. Additionally, Mr.<FONT>
</FONT>Claude has an extensive background in regulatory, compliance and quality management. Mr.<FONT> </FONT>Claude graduated from the
University of Notre Dame with a BS in Physiology. He subsequently received an ME in Biomedical Engineering from the University of Virginia.
Mr.<FONT> </FONT>Claude has designed and built advanced technologies for NASA, NIH, Stanford Medical Center and the Palo Alto Veterans
Administration.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Non-Employee
Directors</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Rick
Morad, Chairman of the Board</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Mr.<FONT>
</FONT>Rick Morad is a founding investor and shareholder in Nexalin. He has served on our board of directors since 2018. Mr.<FONT> </FONT>Morad
has been a successful business operator since 1987. Mr.<FONT> </FONT>Morad is also a licensed attorney. Mr.<FONT> </FONT>Morad received
a B.S./B.A. in business administration, with a major in Finance and a minor in Accounting, from John Carroll University. He also received
a J.D., and graduated with high honors, from John Marshall Law School. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Alan
Kazden</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Mr.<FONT>
</FONT>Alan Kazden was an original investor in Nexalin and has served as a Director since 2019. Mr.<FONT> </FONT>Kazden has over 30 years
of diverse experience consulting with emerging growth companies in strategic business planning, partnering, raising capital, and acting
as a virtual CFO. Prior to joining Nexalin, Mr.<FONT> </FONT>Kazden worked in various industries such as technology, manufacturing &amp;
distribution, real estate, health care, entertainment, and emerging growth companies. He also previously served as a consultant to the
Mayor&rsquo;s Office and Los Angeles City Council on local tax issues.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Ben
V. Hu M.D.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dr.
Ben V. Hu is a founding investor and shareholder in Nexalin. Dr. Hu is currently in private practice in Ohio, focusing on Ophthalmology.
Since 2018, he has advised the Nexalin executive team on market development strategies and clinical trial structures to support marketing
and distribution at a global level. Dr. Hu is also an advisor and member of the Board of Directors to Med<FONT>-logics</FONT> Inc. a company
developing a surgical technology for cataract surgery utilizing a new patented technology. Dr Hu was awarded his Doctor of Medicine in
1983 from Case Western University and his Chemical Engineering degree from MIT School of Chemical Engineering.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Medical
Board Advisors</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
Medical Board advises our management team in planning, development and execution of scientific, clinical and research and development
initiatives and strategies. Our Medical consists of experts across a range of key disciplines relevant to our initiatives.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
current Medical Board advisors are:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Abe
Scheer, M.D.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dr.
Abraham Scheer specializes in both neurology and psychiatry. Dr. Scheer has over forty years of experience in the field of neurosciences.
Dr. Scheer has lectured extensively throughout the United States on neuromodulation devices. Dr. Scheer was part of the Speakers&rsquo;
Bureau for both Medtronic&rsquo;s and Cyberonic&rsquo;s Neuromodulating Divisions. His clinical expertise includes Adult and Child Neurology,
Brain Injury Medicine and Adult and Child Psychiatry. Dr. Scheer has trained and worked at the finest medical institutions in the United
States, which include Columbia University College of Physicians and Surgeons, Cornell Medical College, George Washington University, Georgetown
University, University of Connecticut and the University of Pittsburgh. Dr. Scheer served as Director of Neurology and Stroke Services
for Beebe Healthcare in Delaware. He is currently a neurohospitalist/neurointensivist for Bay Health in Delaware.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">101</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Dr.
Scheer and the Company entered into consulting agreements whereby Dr. Scheer agreed to provide consulting services to the Company during
the years ended December, 2021 and December 2022. For his services he was compensated with 10,000<FONT> </FONT>shares of common stock
of the Company for each year of service. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Irene
Cergnul, M.D.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dr.
Irene Cergnul completed her postgraduate training at Bronx Lebanon Hospital Center in New York and after her final year as Chief Resident
was recruited as Assistant Professor/Faculty in the Depart of Family Medicine. She worked as the Medical Director in the in<FONT>-patient</FONT>
service and taught residents in training for the next four years. She was a Research Coordinator involving multiple studies on HIV, depression,
as well as neuropathy, and is a co<FONT>-author</FONT> on several publications.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dr.
Cergnul has been involved in the field of addiction medicine, HIV care and mental health for the last seventeen years. She is committed
to developing and integrating current and new modalities in the treatment of addictive disorders and has dedicated her working career
to treating the underserved population in NY and NJ. Her private practice focuses on novel modalities used in treating addiction and dual
diagnosis patients and has successfully incorporated Nexalin as an integral part of her treatment armamentarium.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Nancy
White, Ph.D.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dr.
Nancy White is the Clinical Director of Unique Mind Care in Houston, Texas. She is recognized as an industry leader in the development
of a brain<FONT>-based</FONT> approach to support neurobehavioral wellness. Dr. White has specialized in the diagnosis and treatment of
functional brain disorders for more than twenty years. She is a Fellow, past President and Board member of the International Society for
Neurofeedback and Research (ISNR), a Certified EEG Fellow of the Biofeedback Certification International Alliance (BCN) and a QEEG Diplomate
and member of the Quantitative EEG Certification Board. Dr. White is a licensed Clinical Psychologist in the State of Texas as well as
an Advanced Addictions Counselor.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dr.
White is a pioneer in the practical application of neuroscientific research to clinical practice, including the extension of advanced
brain<FONT>-based</FONT> therapies to all psychiatric mood disorders including Post<FONT>-Traumatic</FONT> Stress, Autism and Addictions.
She is a frequent presenter of her work at conferences, including the American Academy of Anti<FONT>-Aging</FONT> Medicine, the International
Society for Neurofeedback and Research, the Association for Applied Psychophysiology and Biofeedback, Future Health and the National Academy
of Neuropsychology. She also serves as a consulting editor of the Journal of Neurotherapy (Taylor and Francis).</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Dr.
White has dedicated seven years to the development of the clinical application of the Nexalin therapy. Her research and clinical data
on the use of Nexalin therapy has been presented at international conferences. Dr. White is the mother of our Chief Executive Officer,
Mark White. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Non-Medical
Board of Advisors.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Nexalin
has also established a non<FONT>-medical</FONT> Board of Advisors. The members of the Board of Advisors serve at the request of the Board
and advise and make recommendations with respect to the strategic direction of the company and similar matters. The members of the Board
of Advisors do not have, or shall be deemed to have, a fiduciary relationship in respect of the company. The members of the Board of Advisors
are set forth below. We have entered into agreements with each member of the Board of Advisors, which set forth the terms and conditions
relating to the individual&rsquo;s service on the Board of Advisors. The agreements provide for an initial one<FONT>-year</FONT> term,
which can be extended for an additional year. The agreements commenced December<FONT> </FONT>24, 2021 and include confidentiality and
protection of Company&rsquo;s intellectual property, and indemnification protection. Under the agreements each advisor is entitled to
receive $80,000 worth of our Common Stock. The initial compensation shares will be on December<FONT> </FONT>23, 2022. The value of the
shares issuable is $5.00 per share, which was the price of our Common Stock based upon transactions with unaffiliated third parties at
such time.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">102</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Tucker
Anderson</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Tucker
Andersen spent twenty<FONT>-seven</FONT> years with the private investment partnership Cumberland Associates, including fifteen years
as a co<FONT>-managing</FONT> partner of the firm. Subsequent to his retirement from that position, he founded Above All Advisors, a consulting
and investment firm. He is on several advisory and private company boards, including, Questech Corporation, Value Insight Partners, and
Artificial Cell Technologies. He received his B.A. in Quantitative Studies from Wesleyan University in 1963. Tucker is the recipient of
both the Wesleyan Distinguished Alumnus Award and the Exeter Founder&rsquo;s Day Award. He is both a Chartered Financial Analyst and an
Associate Member of the Society of Actuaries.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Leonard
Osser</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Leonard
Osser has been a Director of Milestone Scientific, Inc. since he founded that company in 1989. He served as Chief Executive Officer of
Milestone Scientific from the time of its founding until 2021, other than twice during the last 20 years when he intended to retire from
that position. He served as Chairman of Milestone Scientific from 1991 until September 2009 at which time he resigned as Chairman of Milestone
Scientific, but remained a director. Mr.<FONT> </FONT>Osser serves as Managing Member of U.S. Asian Consulting Group LLC, which provides
various consulting services to the Company. Mr.<FONT> </FONT>Osser is a shareholder of the Company. He is a member of our non<FONT>-medical</FONT>
Board of Advisors and serves as Director of China operations. Mr.<FONT> </FONT>Osser is the spouse of Marilyn Elson, our Chief Financial
Officer.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline; font-style: italic; font-weight: normal">Gian
Domenico Trombetta</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Gian
Domenico Trombetta has been the President and CEO of Innovest S.p.A. an Italian corporation specializing in private equity and distressed
assets since 1992. He was previously with Booz Allen &amp; Hamilton Inc. focusing on strategy and acquisition services. Mr.<FONT> </FONT>Trombetta
received B.A, from Luiss University in Rome in 1984. Mr.<FONT> </FONT>Trombetta is also an independent director of Milestone Scientific
Inc.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Family
Relationships</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Ms.
Marilyn Elson, our Chief Financial Officer, is the spouse of Leonard Osser, a member of our non<FONT>-medical</FONT> Board of Advisors
and director of China Operations. Dr. Nancy White, a member of our Medical Board of Advisors is the mother of Mr.<FONT> </FONT>Mark White,
our Chief Executive Officer. Other than as stated in the preceding two sentences, there are no family relationships between any of our
directors or executive officers. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Board
Composition</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
board of directors currently consists of five members. There are no contractual obligations regarding the election of our directors. Our
nominating and corporate governance committee and our board of directors may therefore consider a broad range of factors relating to the
qualifications and background of nominees. Our nominating and corporate governance committee&rsquo;s and our board of directors&rsquo;
priority in selecting board members is identification of persons who will further the interests of our stockholders through their established
record of professional accomplishment, the ability to contribute positively to the collaborative culture among board members, knowledge
of our business, understanding of the competitive landscape, professional and personal experiences and expertise relevant to our growth
strategy. Our directors hold office until their successors have been elected and qualified or until the earlier of their resignation or
removal. Our amended and restated certificate of incorporation and amended and restated bylaws that will become effective immediately
prior to the closing of this offering also provide that our directors may be removed only for cause by the affirmative vote of the holders
of at least two<FONT>-thirds</FONT> of the votes that all our stockholders would be entitled to cast in an annual election of directors,
and that any vacancy on our board of directors, including a vacancy resulting from an enlargement of our board of directors, may be filled
only by vote of a majority of our directors then in office.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Under
our agreements with U.S. Asian Consulting Group LLC, U.S. Asian was granted a right to appoint one director to our Board of Directors.
To date, U.S. Asian has not exercised this right. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">103</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Director
Independence</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
board of directors has undertaken a review of its composition, the composition of its committees and the independence of each director.
Based upon information requested from and provided by each director concerning his or her background, employment and affiliations, including
family relationships, our board of directors has determined that all of our directors (Rick Morad, Alan Kazden and Ben Hu M.D.) other
than Mark White and Dr. Owens have no relationships that would interfere with the exercise of independent judgment in carrying out the
responsibilities of a director and that each of these directors is &ldquo;independent&rdquo; as that term is defined under the applicable
rules and regulations of the SEC and Nasdaq. In making this determination, our board of directors considered the current and prior relationships
that each non<FONT>-employee</FONT> director has with our company and all other facts and circumstances our board of directors deemed
relevant in determining his or her independence, including the beneficial ownership of our share capital held by each non<FONT>-employee</FONT>
director.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Committees
of the Board of Directors</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
board of directors has established an audit committee, a compensation committee and a nominating and corporate governance committee, each
of which will have the composition and responsibilities described below upon completion of this offering. From time to time, the board
may establish other committees to facilitate the oversight of our business. The charters for each of our committees will be available
on our website upon completion of this initial public offering (https://nexalin.com/)</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Audit
Committee</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Effective
upon completion of this offering, our audit committee will be composed of our three independent directors, Messrs. Alan Kazden, Rick Morad
and Ben Hu M.D. Our board of directors has determined that each of these persons are independent within the meaning of applicable Nasdaq
listing requirements and the independence requirements contemplated by Rule 10A<FONT>-3</FONT> under the Securities Exchange Act of 1934,
as amended. Alan Kazden is the chairman of the audit committee and our board of directors has determined that he is an &ldquo;audit committee
financial expert&rdquo; as defined by SEC rules and regulations. Our board of directors has determined that the composition of our audit
committee meets the criteria for independence under, and the functioning of our audit committee complies with, the applicable requirements
of the Sarbanes<FONT>-Oxley</FONT> Act, applicable Nasdaq listing requirements and SEC rules and regulations. We intend to continue to
evaluate the requirements applicable to us and we intend to comply with the future requirements to the extent that they become applicable
to our audit committee. The principal duties and responsibilities of our audit committee include:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>appointing
and retaining an independent registered public accounting firm to serve as independent auditor to audit our financial statements, overseeing
the independent auditor&rsquo;s work and determining the independent auditor&rsquo;s compensation; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approving
in advance all audit services and non<FONT>-audit</FONT> services to be provided to us by our independent auditor; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>establishing
procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls, auditing
or compliance matters, as well as for the confidential, anonymous submission by our employees of concerns regarding questionable accounting
or auditing matters; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>reviewing
and discussing with management and our independent auditor the results of the annual audit and the independent auditor&rsquo;s review
of our quarterly financial statements; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>conferring
with management and our independent auditor about the scope, adequacy and effectiveness of our internal accounting controls, the objectivity
of our financial reporting and our accounting policies and practices; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>reviewing
and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S<FONT>-K</FONT> promulgated by
the SEC prior to us entering into such transactions. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">104</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Compensation
Committee</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Effective
upon completion of this offering, our compensation committee will be composed of two directors, Alan Kazden and Ben Hu, M.D., each of
whom is a non<FONT>-employee</FONT> member of our board of directors as defined in Rule 16b<FONT>-3</FONT> under the Exchange Act. Alan
Kazden is the chairman of the compensation committee. Our board of directors has determined that the composition of our compensation committee
satisfies the applicable independence requirements under, and the functioning of our compensation committee complies with the applicable
requirements of, Nasdaq listing rules and SEC rules and regulations. We intend to continue to evaluate and intend to comply with all future
requirements applicable to our compensation committee. The principal duties and responsibilities of our compensation committee include:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>establishing
and approving, and making recommendations to the board of directors regarding, performance goals and objectives relevant to the compensation
of our chief executive officer, evaluating the performance of our chief executive officer in light of those goals and objectives and setting,
or recommending to the full board of directors for approval, the chief executive officer&rsquo;s compensation, including incentive<FONT>-based</FONT>
and equity<FONT>-based</FONT> compensation, based on that evaluation; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>setting
the compensation of our other executive officers, based in part on recommendations of the chief executive officer; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>exercising
administrative authority under our stock plans and employee benefit plans; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>establishing
policies and making recommendations to our board of directors regarding director compensation; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>reviewing
and discussing with management the compensation discussion and analysis that we may be required from time to time to include in SEC filings;
and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>preparing
a compensation committee report on executive compensation as may be required from time to time to be included in our annual proxy statements
or annual reports on Form 10<FONT>-K</FONT> filed with the SEC. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Nominating
and Corporate Governance Committee</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Effective
upon completion of this offering, the nominating and corporate governance committee will be composed of three directors, Alan Kazden,
Rick Morad, and Ben Hu, M.D. Alan Kazden is the chairman of the nominating and corporate governance committee. Our board of directors
has determined that the composition of our nominating and corporate governance committee satisfies the applicable independence requirements
under, and the functioning of our nominating and corporate governance committee complies with the applicable requirements of, Nasdaq listing
standards and SEC rules and regulations. We will continue to evaluate and will comply with all future requirements applicable to our nominating
and corporate governance committee. The nominating and corporate governance committee&rsquo;s responsibilities include:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>assessing
the need for new directors and identifying individuals qualified to become directors; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>recommending
to the board of directors the persons to be nominated for election as directors and to each of the board&rsquo;s committees; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>assessing
individual director performance, participation and qualifications; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>developing
and recommending to the board corporate governance principles; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>monitoring
the effectiveness of the board and the quality of the relationship between management and the board; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>overseeing
an annual evaluation of the board&rsquo;s performance. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Board
Leadership Structure</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
board has determined that upon completion of this offering our corporate governance guidelines will provide that, if the chairman of the
board is a member of management or does not otherwise qualify as independent, the independent directors of the board may elect a lead
director. The lead director&rsquo;s responsibilities will include, </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">105</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> but
not be limited to: presiding over all meetings of the board of directors at which the chairman is not present, including any executive
sessions of the independent directors; approving board meeting schedules and agendas; and acting as the liaison between the independent
directors and the chief executive officer and chairman of the board. Our corporate governance guidelines will further provide the flexibility
for our board of directors to modify our leadership structure in the future as it deems appropriate. We anticipate that Rick Morad will
be the chairman of the board and he qualifies as an independent director. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Role
of the Board in Risk Oversight</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">One
of the key functions of our board of directors is informed oversight of our risk management process. Our board of directors will not have
a standing risk management committee but will rather administer this oversight function directly through our board of directors as a whole,
as well as through various standing committees of our board of directors that address risks inherent in their respective areas of oversight.
In particular, our board of directors is responsible for monitoring and assessing strategic risk exposure and our audit committee has
the responsibility to consider and discuss our major financial risk exposures and the steps our management has taken to monitor and control
these exposures, including guidelines and policies to govern the process by which risk assessment and management is undertaken. Our audit
committee will also monitor compliance with legal and regulatory requirements. Our nominating and corporate governance committee will
monitor the effectiveness of our corporate governance practices, including whether they are successful in preventing illegal or improper
liability<FONT>-creating</FONT> conduct. Our compensation committee will assess and monitor whether any of our compensation policies and
programs has the potential to encourage excessive risk<FONT>-taking</FONT>. While each committee will be responsible for evaluating certain
risks and overseeing the management of such risks, our entire board of directors will be regularly informed through committee reports
about such risks.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Code
of Business Conduct and Ethics for Employees, Executive Officers and Directors</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Effective
upon completion of this offering, we will adopt a Code of Business Conduct and Ethics, or the code of conduct, applicable to all our employees,
executive officers and directors. Following the completion of this offering, the code of conduct will be available on our website at <FONT STYLE="font-style: italic; font-weight: normal">www.nexalin.com</FONT>.
The nominating and corporate governance committee of our board of directors will be responsible for overseeing the code of conduct and
must approve any waivers of the code of conduct for employees, executive officers and directors. We expect that any amendments to the
code of conduct, or any waivers of its requirements for any executive officer or director, will be disclosed on our website.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Compensation
Committee Interlocks and Insider Participation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">None
of our directors who currently serve as members of our compensation committee is or has at any time during the past year been, one of
our officers or employees. None of our executive officers currently serves, or in the past year has served, as a member of the board of
directors or compensation committee of any other entity that has one or more of its executive officers serving on our board of directors
or compensation committee.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Limitation
on Liability and Indemnification Matters</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
amended and restated certificate of incorporation, which will become effective immediately after the completion of this offering, and
our amended and restated bylaws, which will become effective immediately prior to the completion of this offering, limits our directors&rsquo;
liability, and may indemnify our directors and officers to the fullest extent permitted under Delaware General Corporation Law, or the
DGCL. The DGCL provides that directors of a corporation will not be personally liable for monetary damages for breach of their fiduciary
duties as directors, except for liability for any:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>transaction
from which the director derives an improper personal benefit; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>act
or omission not in good faith or that involves intentional misconduct or a knowing violation of law; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>unlawful
payment of dividends or redemption of shares; or </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>breach
of a director&rsquo;s duty of loyalty to the corporation or its stockholders. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">106</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">These
limitations of liability do not apply to liabilities arising under federal securities laws and do not affect the availability of equitable
remedies such as injunctive relief or recession.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
DGCL and our amended and restated bylaws provide that we will, in certain situations, indemnify our directors and officers and may indemnify
other employees and other agents, to the fullest extent permitted by law. Any indemnified person is also entitled, subject to certain
limitations, to advancement, direct payment or reimbursement of reasonable expenses (including attorneys&rsquo; fees and disbursements)
in advance of the final disposition of the proceeding.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
addition, we have entered or will enter into indemnification agreements with our directors and officers. These indemnification agreements,
among other things, require us to indemnify our directors and officers for certain expenses, including attorneys&rsquo; fees, judgments,
fines and settlement amounts incurred by a director or officer in any action or proceeding arising out of their services as a director
or officer, or any other company or enterprise to which the person provides services at our request.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
also maintain a directors&rsquo; and officers&rsquo; insurance policy pursuant to which our directors and officers are insured against
liability for actions taken in their capacities as directors and officers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
believe that these provisions in our amended and restated certificate of incorporation and amended and restated bylaws, these indemnification
agreements and this insurance are necessary to attract and retain qualified persons as directors and officers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Insofar
as indemnification of liabilities arising under the Securities Act of 1933, as amended, or the Securities Act, may be permitted to our
board of directors, executive officers or persons controlling us pursuant to the foregoing provisions, we have been informed that, in
the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.</P>
</DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">107</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T13"></A><FONT STYLE="font-style: normal; font-weight: bold">EXECUTIVE
AND DIRECTOR COMPENSATION</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
named executive officers for the year ended December<FONT> </FONT>31, 2021, which consist of our principal executive officer and our other
most highly compensated executive officers, were:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Mark
White, our President and Chief Executive Officer; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>David
Owens, M.D., our Chief Medical Officer. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Summary
Compensation Table</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table presents the compensation awarded to, earned by, or paid to our two (2) named executive officers, during the two (2) years
ended December<FONT> </FONT>31, 2020 and 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Summary
Compensation Table</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 50%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0">Name
        and Principal Position</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">Year</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">Salary
        <BR>$</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">Bonus
        <BR>$</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">Stock
        Awards <BR>$</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt">Total
        <BR>$</P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 50%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Mark
        White</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0">2021</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">175,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">404,132</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">584,132</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 50%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Chief
        Executive Officer</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0">2020</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">159,375</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">159,374</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; width: 50%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-top: 9pt">David
        Owens, M.D. </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 9pt">2021</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; margin-top: 9pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">293,750</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 10.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; margin-top: 9pt">293,750</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 50%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Chief
        Medical Officer</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 6.41%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0">2020</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">197,118</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">197,118</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Marilyn
Elson was appointed as our Chief Financial Officer on January<FONT> </FONT>11, 2022. Ms. Elson has entered into an employment agreement
with the Company. The agreement provides for a term of three years commencing as of January<FONT> </FONT>1, 2022 at an annual salary of
$360,000 per annum. As the agreement and her employment did not take effect until 2022, Ms. Elson&rsquo;s compensation is not included
in the table above. The foregoing base salary payable to Ms. Elson does not include payments due to U.S. Asian, an entity which provides
consulting services to the Company and of which Ms. Elson is a member.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Narrative
to Summary Compensation Table</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
review compensation annually for all employees, including our executives. In setting executive base salaries and bonuses and granting
equity incentive awards, we consider compensation for comparable positions in the market, the historical compensation levels of our executives,
individual performance as compared to our expectations and objectives, our desire to motivate our employees to achieve short- and long<FONT>-term</FONT>
results that are in the best interests of our stockholders and a long<FONT>-term</FONT> commitment to our company. In addition, we have
also engaged compensation consultants and take into consideration their assessments of our compensation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
compensation committee of our board of directors has historically reviewed and made recommendations to our board of directors regarding
our executives&rsquo; compensation. Our compensation committee typically reviews and discusses management&rsquo;s proposed compensation
with the chief executive officer for all executives other than the chief executive officer. Based on those discussions and its discretion,
the compensation committee then recommends the compensation for each executive officer for approval by our board of directors. To date,
our compensation committee has not adopted a peer group of companies for purposes of determining executive compensation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
February<FONT> </FONT>15, 2021, the Company entered into an employment agreement with Mark White to serve as Chief Executive Officer of
the Company for a three<FONT>-year</FONT> term. Pursuant to the agreement, Mr.<FONT> </FONT>White is entitled to receive $200,000 in annual
compensation and is eligible to receive up to $200,000 in additional cash and stock<FONT>-based</FONT> compensation upon achieving certain
performance metrics. During the 2021 and 2020 years, Mr.<FONT> </FONT>White received cash compensation of $180,000 and $159,375, respectively.
Additionally, on February<FONT> </FONT>15, 2021, pursuant to the agreement, the Company issued shares of the Company&rsquo;s common stock
in an amount representing two (2%) percent of the Company&rsquo;s issued and outstanding shares as of the effective date of the agreement,
or 80,827<FONT> </FONT>shares of the Company&rsquo;s common stock. Mr.<FONT> </FONT>White has waived the deficit amounts otherwise payable
under his employment arrangements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">108</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
February<FONT> </FONT>15, 2021, the Company entered into an employment agreement with David Owens, M.D. to serve as Chief Medical Officer
of the Company for a three<FONT>-year</FONT> term. Dr. Owens was providing services to the Company prior to the date of his employment
agreement. For the 2020 year, Dr Owens received compensation payable in shares of common stock in the amount of $197,117. Pursuant to
the agreement, Dr. Owens is entitled to receive $150,000 in annual compensation that is payable to him by the issuance of Company common
stock and he is eligible to receive bonus compensation based upon achieving certain performance metrics. In March, 2022, the Company entered
into an amendment of the agreement with Dr. Owens to clarify certain matters related to his compensation. Dr. Owens has agreed that all
shares issuable to him as compensation through December<FONT> </FONT>31, 2021 (shares of common stock with a compensation value of $293,750)
have been issued and he has been paid in full all amounts due to him for his prior service through December<FONT> </FONT>31, 2001. For
determining the amount of shares issuable to him for his 2022 services, the number of shares will be based upon offering price of the
Company&rsquo;s Common Stock in our initial public offering. Under the amendment agreement, in the event we do not complete our initial
public offering during 2022, Dr. Owens has agreed that he will not be compensated. For the number of shares issuable during 2022 and 2023,
the value shall equal, assuming that the Company has completed its initial public offering, the average closing price of the Company&rsquo;s
Common Stock for the 30 trading days prior to December<FONT> </FONT>23, 2023.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
January<FONT> </FONT>11, 2022, the Company entered into an employment agreement with Marilyn Elson to serve as Chief Financial Officer
of the Company for a three<FONT>-year</FONT> term. Pursuant to the agreement, Ms. Elson is entitled to receive $360,000 in annual compensation
that is payable to her in cash.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Annual
Base Salary</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Base
salaries for our executives are initially established through arm&rsquo;s length negotiation at the time the executive is hired, taking
into account such executive&rsquo;s qualifications, experience, prior salary, the scope of his or her responsibilities and competitive
market compensation paid by other companies for similar positions within the industry. Base salaries are reviewed annually in January
by our compensation committee and approved by our board of directors in connection with our annual performance review process. Salaries
may be adjusted from time to time to realign salaries with market levels after taking into account individual responsibilities, performance
and experience. In making decisions regarding salary increases, we may also confer with a compensation consultant or draw upon the experience
of members of our board of directors with other companies. Any approved salary increases are typically effective in May of the same year.
The 2020 and 2021 base salaries of our named executive officers are as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0 3pt">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">Name</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">2020
        <BR>Base Salaries</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">2021
        <BR>Base Salaries</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Mark
        White<FONT STYLE="vertical-align: super; font-size: 65%">(1)</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">159,375</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">180,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT>David
        Owens, M.D</FONT><FONT STYLE="vertical-align: super; font-size: 65%">(2)</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">0</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">0</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-style: none; margin: 0in 0in -5pt 24pt; font: 9pt Times New Roman, Times; padding: 0in; text-align: justify; text-justify: inter-ideograph; text-indent: -24pt; color: black">____________</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 10pt; text-align: left; text-indent: -24pt; margin-top: 10pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
stated elsewhere in this prospectus at page 101, during the 2020 year, Mr. White received cash compensation of $159,375. During the 2021
year, he received cash compensation of $180,000 which was also less than the agreed upon cash compensation level in the agreement. Mr.
White has agreed to waive any amounts which were not paid under his employment agreement for 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
stated elsewhere in this prospectus at page 101, on February 15, 2021, the Company entered into an employment agreement with David Owens,
M.D. to serve as Chief Medical Officer of the Company for a three<FONT>-year</FONT> term. Dr. Owens was providing services to the Company
prior to the date of his employment agreement. For the 2020 year, Dr Owens received compensation payable in shares of common stock in
the amount of $197,117. He received shares with a value of $293,750 for the 2021 year. In March, 2022, we entered into an amendment of
the agreement with Dr. Owens to clarify certain matters related to his compensation. Dr. Owens has agreed that all shares issuable to
him as compensation or for any other amounts he may have been due or owed through December 31, 2021 (shares of common stock with a compensation
value of $293,750) have been issued and no further amounts are due. The stated amounts in the table above reflects the employment agreement
amount. Amounts payable to Dr. Owens are paid in shares of common stock</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">109</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Health
and Welfare Benefits</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
do not currently provide medical or other benefit plans to our employees. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Non-Employee
Director Compensation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Each
non<FONT>-employee</FONT> director elected to our board of directors receives shares of our common stock equal to $35,000 per annum. Mr.<FONT>
</FONT>Morad has received an aggregate of 21,000<FONT> </FONT>shares of common stock for his services during 2019, 2020 and 2021. Dr Hu
and Mr.<FONT> </FONT>Kazden have each received an aggregate of 14,000<FONT> </FONT>shares of common stock for their two years of service
during 2020 and 2021. In August 2022, Mr.<FONT> </FONT>Morad, Dr. Hu and Mr.<FONT> </FONT>Kazden were each issued 5,833<FONT> </FONT>shares
of the Company&rsquo;s stock for their 2022 services. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
policy of compensating our non<FONT>-employee</FONT> directors is intended to provide a total compensation package that enables us to
attract and retain qualified and experienced individuals to serve as directors and to align our directors&rsquo; interests with those
of our stockholders.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Rule
10b5-1 Sales Plans</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
directors and executive officers may adopt written plans, known as Rule 10b5<FONT>-1</FONT> plans, in which they will contract with a
broker to buy or sell shares of our common stock on a periodic basis. Under a Rule 10b5<FONT>-1</FONT> plan, a broker executes trades
pursuant to parameters established by the director or officer when entering into the plan, without further direction from them. The director
or officer may amend a Rule 10b5<FONT>-1</FONT> plan in some circumstances and may terminate a plan at any time. Our directors and executive
officers also may buy or sell additional shares outside of a Rule 10b5<FONT>-1</FONT> plan when they are not in possession of material
non<FONT>-public</FONT> information subject to compliance with the terms of our insider trading policy. Prior to 180 days after the date
of this offering, subject to early termination, the sale of any shares under such plan would be prohibited by the lock<FONT>-up</FONT>
agreement that the director or officer has entered into with the underwriters for this offering.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">110</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T14"></A><FONT STYLE="font-style: normal; font-weight: bold">CERTAIN
RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following is a description of transactions since our inception to which we have been a participant in which the amount involved exceeded
or will exceed $120,000, and in which any of our directors, executive officers or holders of more than 5% of our share capital, or any
members of their immediate family, had or will have a direct or indirect material interest, other than compensation arrangements which
are described under the section titled &ldquo;Executive and Director Compensation.&rdquo; Pursuant to our corporate reorganization, each
share issued in connection with the transactions discussed below have been exchanged for 1/20<FONT STYLE="vertical-align: super; font-size: 65%">th</FONT>
of a share of common stock of Nexalin. See &ldquo;Corporate Reorganization.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Joint
Venture</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
September 2018, we entered into an agreement with Wider, pursuant to which we and Wider shall form the Joint Venture. Wider has an experienced
medical technology team in China and when formed, the Joint Venture will design and implement a comprehensive business model and distribution
plan for our devices in China, Hong Kong, Macau and Taiwan. In May 2019 we entered into a separate agreement with Wider authorizing it
to act as a distributor of our devices pending completion of the potential Joint Venture. We do not pay Wider any commissions or distributor
related fees; it derives profit from its markup of devices it sells. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
March 2022, we entered into a second supplement to the Joint Venture agreement with Wider, whereby the parties confirmed that the Joint
Venture had not yet been established and is subject to further review and analysis of regulatory issues in China and the United States,
trade and political issues between the two countries and potential changes in the use and market for the Company&rsquo;s products and
technology. Pursuant to the second supplement, the parties agreed to use their commercial efforts to complete documentation by September<FONT>
</FONT>30, 2022. In light of general economic conditions in China and the United States and the continued impact of regulatory issues
in China and the United States and trade and political issues between the two counties, the parties determined to further extend the time
frame to complete establishment of the joint venture to September<FONT> </FONT>30, 2023 and entered into a supplement 3 to the Joint Venture
Agreement to memorialize such extension. The parties intend to continue to work together to complete the establishment prior to such extended
time. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> During
the first half of 2022, we sold Gen<FONT>-2</FONT> devices in China through Wider which agreed to act as a distributor on a limited basis
pursuant to a separate agreement entered into in May 2019, pending formation of the Joint Venture. We do not pay Wider any commissions
or distributor related fees; it derives profit from its markup of devices it sells. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
first phase of distribution in China includes a sales strategy for mainland China and other territories serviced by Wider. Treatment clearance
by the China National Medical Products Administration (NMPA), the equivalent of the United States FDA, for the 15 milliamps power parameters
was granted on August<FONT> </FONT>13, 2021 for the treatment of primary insomnia and moderate to severe depression in China. In March
2021, in anticipation of NMPA approval and the formation of the Joint Venture, Wider, through a wholly owned subsidiary, executed a $5<FONT>
</FONT>million purchase order for 1,000 devices from us. Further, also in March 2021 in anticipation of NMPA approval, Wider executed
a purchase agreement with us for the purchase of 50 devices. Advance deposits on this first order of 50 devices were received by us from
Wider in 2021 and we delivered the initial 50 devices in 2022.We subsequently received a second order from Wider for 70 devices which
have been delivered. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> We
will benefit financially by selling our devices to the Joint Venture when formed, in China because (i) we will have control of direct
sales and profit flow and (ii) we will be entitled to receive 50% of net profits generated by the potential Joint Venture from sales in
Asia. Moreover, all funding for our operations and research related to design and development of our products and services for sales in
China will be funded solely by Wider. On behalf of, and in anticipation of the formation of, the potential Joint Venture, Wider is currently
conducting four clinical studies in conjunction with Anding and Xuanwu Hospitals &mdash; two major neurological centers in Beijing, China.
The studies will focus on the use of the new 15 milliamps waveform therapy for existing and new treatment indications. Such studies would
require an investment of approximately $5<FONT> </FONT>million if performed in the United States. Publications will be prepared and submitted
by key opinion leaders (KOLs) to international peer<FONT>-reviewed</FONT> journals for all four studies and approval applications made
to the NMPA. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">111</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> As
noted elsewhere in this prospectus, we will own 50% of the Joint Venture when it is established. Additionally, under the terms of the
Joint Venture agreements, Wider will receive a one<FONT>-eighth</FONT> equity position in our company at a valuation of $40<FONT> </FONT>million,
one<FONT>-third</FONT> of which has been issued (which equalled an aggregate of 150,000<FONT> </FONT>shares of Common Stock) and the balance
of which is to be issued upon completion of the four clinical trials and at the time the potential Joint Venture is established and is
fully funded by Wider. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">U.S.
Asian Consulting Group, LLC</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
May<FONT> </FONT>9, 2018, the Company entered into a five<FONT>-year</FONT> consulting agreement with U.S. Asian Consulting Group, LLC
(&ldquo;U.S. Asian&rdquo;). In March 2021 the Company agreed to extend the consulting agreement for an additional period of eight years
upon the closing of this offering. The two members of U.S. Asian are shareholders in the Company, with Marilyn Elson having been appointed
Chief Financial Officer of the Company on January<FONT> </FONT>11, 2022. Pursuant to the consulting agreement, U.S. Asian provides consulting
services to the Company with regards to, among other things, corporate development and financing arrangements. The Company is to pay U.S.
Asian $10,000 per month for services rendered and, on October<FONT> </FONT>24, 2018, the Company issued 249,750<FONT> </FONT>shares of
the Company&rsquo;s common stock to U.S. Asian. The Company recorded consulting expenses related to the consulting agreement of $120,000
and $120,000 for the years ended December<FONT> </FONT>31, 2021 and 2020, respectively, on the Company&rsquo;s statements of operations.
For the years ended December<FONT> </FONT>31, 2021 and 2020, U.S. Asian was owed $399,320 and $299,320, respectively, for accrued and
unpaid services. As of June<FONT> </FONT>30, 2022, U.S. Asian was owed $457,419. We intend to use $207,419 of the proceeds of this offering
to repay a portion the outstanding amount due to U.S.&nbsp;Asian. See &ldquo;Use of Proceeds&rdquo;. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Pursuant
to the consulting agreement, U.S Asian was originally entitled to anti<FONT>-dilution</FONT> protection with respect to its share percentage
ownership in the Company whereas U.S. Asian&rsquo;s security holdings, during the term of the consulting agreement, would remain at 10%
of the Company&rsquo;s total number of issued and outstanding shares of the Company&rsquo;s common stock, on a fully diluted basis. In
March 2021, the Company entered into an agreement with U.S. Asian pursuant to which U.S. Asian waived and relinquished any rights of protection
against dilution afforded to it, provided such dilution results from a transaction that (i) imputes a pre<FONT>-money</FONT> valuation
to the Company of not less than $7<FONT> </FONT>million, (ii) raises not less than $7<FONT> </FONT>million, and (iii) imputes a post<FONT>-money</FONT>
valuation to the Company of not less than $25<FONT> </FONT>million. In exchange for the waiver and relinquishment of such rights, the
Company issued shares of the Company&rsquo;s common stock in an amount sufficient for U.S. Asian (together with its owners) to own an
aggregate amount of fifteen (15%) percent of the Company&rsquo;s issued and outstanding shares of common stock as of the date of issuance.
On June<FONT> </FONT>22, 2021, the Company issued 304,570<FONT> </FONT>shares of common stock in satisfaction of the waiver. On November<FONT>
</FONT>29, 2021 and in August of 2022, the Company issued an additional 217,500 and 17,699 respectively shares of common stock to U.S.
Asian in satisfaction of the waiver. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> U.S.
Asian has agreed to defer payment of $250,000 of the total aggregate due to it (approximately $457,000 as of June<FONT> </FONT>30, 2022)
until March<FONT> </FONT>15, 2023. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Under
our agreements with U.S. Asian Consulting Group LLC, U.S. Asian was granted a right to appoint one director to our Board of Directors.
To date, U.S. Asian has not exercised this right. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Loan
Payable &mdash; Officer</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
October<FONT> </FONT>11, 2019, the Company received a $50,000 loan from the Company&rsquo;s Chief Executive Officer. The loan has a principal
of $50,000, an interest rate of 16.5%, and a maturity date of October<FONT> </FONT>11, 2020. The issuance of the loan resulted in an original
issuance discount of $9,833. Total amortization on the debt discount was $6,750 and $1,500 for the years ended December<FONT> </FONT>31,
2020 and 2019, respectively. The Company paid this loan in full during the year ended December<FONT> </FONT>31, 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
November<FONT> </FONT>1, 2021, the Company received a $200,000 loan from the Company&rsquo;s Chief Executive Officer. The loan has a principal
balance of $200,000, an interest rate of 9.0%, and a maturity date of the earlier to occur of the completion of this offering or October<FONT>
</FONT>31, 2022. Although we intended and were required by the terms of the loan to use a portion of the proceeds of this offering to
repay this loan at completion of the Offering, Mr.<FONT> </FONT>White has agreed to defer payment of the loan until December<FONT> </FONT>15,
2022. See &ldquo;Use of Proceeds&rdquo;.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">112</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Promissory
Notes</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
October<FONT> </FONT>19, 2018, the Company issued an on demand promissory note payable with the Company&rsquo;s Chairman of the Board
for $10,000 with interest to begin accruing on January<FONT> </FONT>1, 2020 at 5% per annum. Total interest expense on this note was $1,448
and $281 for the years ended December<FONT> </FONT>31, 2021 and 2020, respectively. Total interest expense on this note was $9,000 for
the six months ended June<FONT> </FONT>30, 2022. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
October<FONT> </FONT>25, 2018, the Company entered in a promissory note payable with an accredited investor for $50,000 due on October<FONT>
</FONT>25, 2019. Pursuant to the note, the maturity date was extended to October<FONT> </FONT>25, 2020. The promissory note bears interest
at 100% per annum and the note holder was issued shares of the Company&rsquo;s common stock in lieu of interest. Total interest expense
related to this note was $50,000 and $41,667 for the years ended December<FONT> </FONT>31, 2021 and 2020, respectively. Total interest
expense related to this note was $11,543 for the six months ended June<FONT> </FONT>30, 2022. On October<FONT> </FONT>7, 2020, the Company
entered into a Letter of Agreement Addendum with the note holder, whereby the Company agreed to make ten monthly principal payments beginning
November<FONT> </FONT>1, 2020 with the full principal amount to be paid in full by August<FONT> </FONT>31, 2021. In addition, if the full
principal amount is not paid in full by August<FONT> </FONT>31, 2021 the Company issued an additional 2,500<FONT> </FONT>shares of common
stock to the noteholder. On November<FONT> </FONT>11, 2021, the Company entered into a Second Letter of Agreement Addendum with the note
holder, whereby the Company agreed to continue making monthly payments beginning on December<FONT> </FONT>1, 2021. During the years ended
December<FONT> </FONT>31, 2021 and 2020, the Company paid $9,600 and $9,200, respectively, in cash towards the outstanding principal and
$10,000 towards the principal in the six months ended June<FONT> </FONT>30, 2022. The amount outstanding at December<FONT> </FONT>31,
2021 and 2020 was $27,200 and $36,800, respectively. The amount outstanding at June<FONT> </FONT>30, 2022 was $17,200. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
September<FONT> </FONT>11, 2017, the Company issued a promissory note in favor of Legacy Ventures International, Inc. (&ldquo;Legacy&rdquo;)
as part of a commercial transaction with Legacy that was never consummated. The promissory note was issued in the original principal amount
of $500,000, with interest at 4% per annum and a maturity date of December<FONT> </FONT>31, 2017. As of December<FONT> </FONT>31, 2021,
this promissory note is in default. The Company recorded $20,000 of interest expense for the years ended December<FONT> </FONT>31, 2021
and 2020 and $10,000 of interest expense in the six months ended June<FONT> </FONT>30, 2022. The principal amount outstanding at December<FONT>
</FONT>31, 2021 and 2020 was $500,000. The principal amount outstanding at June<FONT> </FONT>30, 2022 was $500,000. To the Company&rsquo;s
knowledge, the note may have been assigned to a third party. No collection efforts have been made on the note by the assignee. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Corporate
Reorganization</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
more fully described in the section of this prospectus titled &ldquo;Corporate Reorganization,&rdquo; We completed a corporate reorganization
on December<FONT> </FONT>1, 2021, pursuant to which Nexalin Nevada merged with and into a newly incorporated Delaware company of the same
name, Nexalin and, as a result, Nexalin succeeded Nexalin Nevada and our existing shareholders exchanged each of their shares in Nexalin
Nevada for one twentieth (1/20<FONT STYLE="vertical-align: super; font-size: 65%">th</FONT>) of a common share of the newly formed Delaware
corporation. Nexalin had nominal assets and liabilities and did not conduct any operations prior to the reorganization other than its
incorporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Nexalin
had nominal assets and liabilities and did not conduct any operations prior to the reorganization other than its incorporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Upon
this completion of the corporate reorganization on December<FONT> </FONT>1, 2021, the historical consolidated financial statements of
Nexalin Nevada became the historical consolidated financial statements of Nexalin, the entity whose shares of common stock are being sold
in this offering, though such historical financial data gives effect to the corporation reorganization. We expect that the corporate reorganization
will not have a material effect on our financial statements.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Related
Person Transaction Policy</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Prior
to this offering, we have not had a formal policy regarding approval of transactions with related parties. In anticipation of this offering,
we created a Code of Ethics which includes a written related person transaction policy that sets forth our procedures for the identification,
review, consideration and approval or ratification of related person transactions. The related person transaction policy is part of our
Code of Ethics, a copy of which is filed as an exhibit to the registration statement of which this prospectus forms a part. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">113</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
policy will become effective immediately upon the execution of the underwriting agreement for this offering. For purposes of this policy,
a related person transaction is a transaction, arrangement or relationship or any series of similar transactions, arrangements or relationships,
in which we and any related person are, were or will be participants in which the amount involved exceeds $120,000. Transactions involving
compensation for services provided to us as an employee or director are not covered by this policy. A related person is any executive
officer, director or beneficial owner of more than 5% of any class of our voting securities, including any of their immediate family members
and any entity owned or controlled by such persons.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Under
the policy, if a transaction has been identified as a related person transaction, including any transaction that was not a related person
transaction when originally consummated or any transaction that was not initially identified as a related person transaction prior to
consummation, our management must present information regarding the related person transaction to our audit committee, or, if audit committee
approval would be inappropriate, to another independent body of our board of directors, for review, consideration and approval or ratification.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
presentation must include a description of, among other things, the material facts, the interests, direct and indirect, of the related
persons, the benefits to us of the transaction and whether the transaction is on terms that are comparable to the terms available to or
from, as the case may be, an unrelated third party or to or from employees generally. Under the policy, we will collect information that
we deem reasonably necessary from each director, executive officer and, to the extent feasible, significant stockholder to enable us to
identify any existing or potential related<FONT>-person</FONT> transactions and to effectuate the terms of the policy. In addition, under
our code of business conduct that we expect to adopt prior to the completion of this offering, our employees and directors will have an
affirmative responsibility to disclose any transaction or relationship that reasonably could be expected to give rise to a con&fllig;ict
of interest. In considering related person transactions, our audit committee, or another independent body of our board of directors, will
take into account the relevant available facts and circumstances including, but not limited to:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
risks, costs and benefits to us; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
impact on a director&rsquo;s independence in the event that the related person is a director, immediate family member of a director or
an entity with which a director is affiliated; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
availability of other sources for comparable services or products; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
terms available to or from, as the case may be, unrelated third parties or to or from employees generally. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
policy requires that, in determining whether to approve, ratify or reject a related person transaction, our audit committee, or other
independent body of our board of directors, must consider, in light of known circumstances, whether the transaction is in, or is not inconsistent
with, our best interests and those of our shareholders, as our audit committee, or other independent body of our board of directors, determines
in the good faith exercise of its discretion.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">114</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T15"></A><FONT STYLE="font-style: normal; font-weight: bold">SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWENRS AND MANAGEMENT</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt"> The
following table sets forth the beneficial ownership of our 4,964,961<FONT> </FONT>shares of our common stock outstanding as of August<FONT>
</FONT>22, 2022 for: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each
person, or group of affiliated persons, who is known by us to beneficially own more than 5% of our common stock; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each
of our named executive officers; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>each
of our directors; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all
of our current executive officers and directors as a group. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt"> The
percentage ownership information under the column titled &ldquo;After Offering&rdquo; is based on the sale of 1,500,000&nbsp;units in
this offering (which is based upon the mid<FONT>-range</FONT> of the minimum and maximum offering price) which together with our pre-
offering issued and outstanding shares equals 6,464,961<FONT> </FONT>shares issued and outstanding following the offering. The percentage
ownership information assumes no exercise of the underwriters&rsquo; option to purchase additional units. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">We
have determined beneficial ownership in accordance with the rules of the SEC. These rules generally attribute beneficial ownership of
securities to persons who possess sole or shared voting power or investment power with respect to those securities. For purposes of this
table, we have not included or given effect to any warrants, including warrants to be sold in this offering, or any underlying shares
of common stock.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt">The
address for persons listed in the table is c/o Nexalin Technology, Inc., 1776 Yorktown, Suite 550, Houston, TX 77056.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 5pt; margin-top: 5pt"><FONT STYLE="font-style: italic; font-weight: normal">Directors,
Executive Officers and 5% Shareholders</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0 3pt">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 59.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="font-style: normal; font-weight: bold">Name
        of Beneficial Owner</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Number&nbsp;of
        Shares</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold">Beneficially
        Owned</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Percentage&nbsp;of</FONT><FONT STYLE="font-style: normal; font-weight: bold">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">Shares Beneficially</FONT><FONT STYLE="font-style: normal; font-weight: bold">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">Owned</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold">(Before
        Offering)</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Percentage&nbsp;of</FONT><FONT STYLE="font-style: normal; font-weight: bold">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">Shares Beneficially</FONT><FONT STYLE="font-style: normal; font-weight: bold">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">Owned</FONT><FONT STYLE="font-style: normal; font-weight: bold"> <BR></FONT><FONT STYLE="font-style: normal; font-weight: bold">(After
        Offering)</FONT> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 59.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> Marilyn
        Elson and Leonard Osser </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 789,744 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> <FONT STYLE="vertical-align: super; font-size: 65%">(2)</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 15.91% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.32%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 12.22% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 59.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>Mark
        White</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 284,127 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> <FONT STYLE="vertical-align: super; font-size: 65%">(1)(3)</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 5.72% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.32%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 4.39% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 59.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>Rick
        Morad</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 167,626 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> <FONT STYLE="vertical-align: super; font-size: 65%">(3)(4)</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 3.38% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.32%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2.59% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 59.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>Benjamin
        Hu</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 162,054 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> <FONT STYLE="vertical-align: super; font-size: 65%">(3)(5)</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 3.26% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.32%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2.51% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 59.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>David
        Owens, MD</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 138,674 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> <FONT STYLE="vertical-align: super; font-size: 65%">(3)(6)</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2.79% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.32%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> 2.15% </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> &nbsp; </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 59.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT>Alan
        Kazden</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 80,631 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> <FONT STYLE="vertical-align: super; font-size: 65%">(3)(7)</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 1.62 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> % </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.32%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> 1.25 </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> % </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 59.62%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> <FONT STYLE="font-style: normal; font-weight: bold">All
        Directors, Executive Officer and Affiliates as a Group (6&nbsp;People)</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">1,6</FONT><FONT STYLE="font-style: normal; font-weight: bold">2</FONT><FONT STYLE="font-style: normal; font-weight: bold">2</FONT><FONT STYLE="font-style: normal; font-weight: bold">,</FONT><FONT STYLE="font-style: normal; font-weight: bold">856</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">&nbsp;</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.04%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">32.</FONT><FONT STYLE="font-style: normal; font-weight: bold">6</FONT><FONT STYLE="font-style: normal; font-weight: bold">8</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> <FONT STYLE="font-style: normal; font-weight: bold">%</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.32%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">25.1</FONT><FONT STYLE="font-style: normal; font-weight: bold">1</FONT> </P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left"> <FONT STYLE="font-style: normal; font-weight: bold">%</FONT> </P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-style: none; margin: 0in 0in -5pt 24pt; font: 9pt Times New Roman, Times; padding: 0in; text-align: justify; text-justify: inter-ideograph; text-indent: -24pt; color: black">____________</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 10pt; text-align: left; text-indent: -24pt; margin-top: 10pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark
White is Chief Executive Officer and a director of the Company. Includes shares owned by Mr.<FONT> </FONT>White in his individual name
and IICOM Strategic LLC, an entity controlled by Mr.<FONT> </FONT>White. Mr.<FONT> </FONT>White has voting and dispositive power over
the shares held by IICOM Strategic LLC.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt"> (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leonard
Osser and Marilyn Elson, Chief Financial Officer of the Company, are husband and wife and deemed to have beneficial ownership of each
other&rsquo;s holdings. Each has joint voting and dispositive control in the securities owned by each other. The calculation of the number
of shares issued to U.S. Asian Consulting, Group LLC that sustains their equity at 15% of issued and outstanding shares included 300,000<FONT>
</FONT>shares held in escrow for the benefit of Wider, which are to be released upon the completion of Wider&rsquo;s clinical trials.
Under the consulting agreement with U.S. Asian Consulting Group LLC, the parties agreed that in consideration for deferring payments and
for terminating previously agreed upon ant<FONT>-dilution</FONT> rights, U.S Asia would be entitled to 15% of the issued and outstanding
shares of the Company until the offering, and inclusive of shares which may be earned (but have not been issued as of the date of this
prospectus) by Wider. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director
of the Company.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Includes
shares owned by Mr.<FONT> </FONT>Morad individually and through the Rick Morad Family Trust, and his individual retirement account</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Includes
shares owned by Mr.<FONT> </FONT>Hu individually and through the Benjamin V. Hu American Estate and Equity Trust Custodian FBO Benjamin
V Hu, over which shares Mr., Hu has voting and dispositive power.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dr.
Owens is the Chief Medical Officer and a Director of the Company. Includes shares owned by Dr. Owens individually and through LTB Investment
Holdings, LLC, an entity controlled by Dr. Owens. Dr. Owens has voting and dispositive control over all of such shares.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">(7)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.<FONT>
</FONT>Kazden is a director of the Company. Includes shares owned by the Alan and Natalie Kazden Family Trust. Mr.<FONT> </FONT>Kazden
has voting and dispositive control over all of such shares.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less
than 1%</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">115</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T16"></A><FONT STYLE="font-style: normal; font-weight: bold">DESCRIPTION
OF CAPITAL STOCK</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">The
following description of our capital stock and certain provisions of our amended and restated certificate of incorporation and amended
and restated bylaws are summaries. You should also refer to the amended and restated certificate of incorporation and bylaws, which are
filed as exhibits to the registration statement of which this prospectus is part.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">General</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Upon
the completion of this offering and filing of our amended and restated certificate of incorporation, our authorized capital consists of
shares of common stock, par value $0.001 per share. Under our Certificate of Incorporation, as amended to date, we are authorized to issue
100,000,000<FONT> </FONT>shares of common stock, $0.001 par value per share. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
units have no stand<FONT>-alone</FONT> rights and will not be certificated or issued as stand<FONT>-alone</FONT> securities. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">Common
Stock</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Outstanding
Shares</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> As
of August<FONT> </FONT>22, 2022, we had 4,964,961<FONT> </FONT>shares of common stock outstanding, held of record by 964 stockholders. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Voting
Rights</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Each
holder of common stock is entitled to one vote for each share on all matters submitted to a vote of the stockholders. The affirmative
vote of holders of at least 66% of the voting power of all of the then<FONT>-outstanding</FONT> shares of capital stock, voting as a single
class, will be required to amend certain provisions of our amended and restated certificate of incorporation, including provisions relating
to amending our amended and restated bylaws, the classified board, the size of our board, removal of directors, director liability, vacancies
on our board, special meetings, stockholder notices, actions by written consent and exclusive forum.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Dividends</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Holders
of our common stock are entitled to receive ratably any dividends that our board of directors may declare out of funds legally available
for that purpose.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Liquidation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
the event of our liquidation, dissolution or winding up, holders of our common stock are entitled to share ratably in all assets remaining
after payment of liabilities.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Rights
and Preferences</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Holders
of our common stock have no pre<FONT>-emptive</FONT>, conversion, subscription or other rights, and there are no redemption or sinking
fund provisions applicable to our common stock. The rights, preferences and privileges of the holders of our common stock are subject
to and may be adversely affected by the rights of the holders of shares of any series of preferred stock that we may designate in the
future.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Fully
Paid and Nonassessable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">All
outstanding shares of our common stock are fully paid and non<FONT>-assessable</FONT>, and the shares of common stock to be issued upon
completion of this offering will be fully paid and non<FONT>-assessable</FONT>.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Warrants
to be Issued in this Offering</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following summary of certain terms and provisions of the warrants included in the units offered hereby is not complete and is subject
to and qualified in its entirety by the provisions of the form of the warrants agent agreement </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">116</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">(the
&ldquo;Warrant Agent Agreement&rdquo;) and form of Warrant, which are filed as exhibits to the registration statement of which this prospectus
is a part. Prospective investors should carefully review the terms and provisions set forth in the form of Warrant Agent Agreement, including
the annexes thereto, and the form of warrant. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
is no established public trading market for our Warrants, and there can be no assurances that a market will develop. In the event our
common stock price does not exceed the per share exercise price of the warrants during the period when the warrants are exercisable, the
warrants will not have any value.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Exercisability
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
warrants are exercisable at any time after their original issuance and at any time up to the date that is three (3) years after their
original issuance. The warrants will be exercisable, at the option of each holder, in whole or in part by delivering to us a duly executed
exercise notice accompanied by payment in full for the number of shares purchased upon such exercise (except in the case of a cashless
exercise as discussed below).</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Exercise
Limitation </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
holder will not have the right to exercise any portion of the warrant if the holder (together with its affiliates) would beneficially
own in excess of 4.99% of the number of shares of our common stock outstanding immediately after giving effect to the exercise, as such
percentage ownership is determined in accordance with the terms of the warrants. However, any holder may increase or decrease such percentage
to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days following
notice from the holder to us.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Exercise
Price </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
exercise price per share of common stock purchasable upon exercise of the warrants is $[6.90] per share, which is [115%] of the public
offering price of a unit in this offering, assuming an initial public offering price of $6.00 per unit (which is the minimum of the estimated
range of the initial public offering price shown on the cover page of this prospectus). The exercise price is subject to appropriate adjustment
in the event of certain stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting
our common stock and also upon any distributions of assets, including cash, stock or other property to our stockholders. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Cashless
Exercise</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">
If, at any time during the term of the warrants, the issuance of shares of common stock upon exercise of the warrants is not covered by
an effective registration statement, the holder is permitted to effect a cashless exercise of the warrants (in whole or in part) by having
the holder deliver to us a duly executed exercise notice, cancelling a portion of the warrant in payment of the purchase price payable
in respect of the number of shares of common stock purchased upon such exercise.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Failure
to Timely Deliver Shares </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we fail for any reason to deliver to the holder the shares subject to an exercise by the date that is the earlier of (i)&nbsp;two (2)
trading days and (ii) the number of trading days that is the standard settlement period on our primary trading market as in effect on
the date of delivery of the exercise notice, we must pay to the holder, in cash, as liquidated damages and not as a penalty, for each
$1,000 of shares subject to such exercise (based on the daily volume weighted average price of our shares of common stock on the date
of the applicable exercise notice), $10&nbsp;per trading day (increasing to $20 per trading day on the fifth (5<FONT STYLE="vertical-align: super; font-size: 65%">th</FONT>)
trading day after such liquidated damages begin to accrue) for each trading day after such date until such shares are delivered or the
holder rescinds such exercise. In addition, if after such date the holder is required by its broker to purchase (in an open market transaction
or otherwise) or the holder&rsquo;s brokerage firm otherwise purchases, shares of common stock to deliver in satisfaction of a sale by
the holder of the shares which the holder anticipated receiving upon such exercise, then we shall (A)&nbsp;pay in cash to the holder the
amount, if any, by which (x) the holder&rsquo;s total purchase price (including brokerage commissions, if any) for the shares of common
stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of shares that we were required to deliver to the holder
in connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed,
and (B) at the option of the </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">117</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">holder,
either reinstate the portion of the warrant and equivalent number of shares for which such exercise was not honored (in which case such
exercise shall be deemed rescinded) or deliver to the holder the number of shares of common stock that would have been issued had we timely
complied with our exercise and delivery obligations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Exchange
Listing </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have applied to have the warrants offered in this offering listed on Nasdaq under the symbol &ldquo;NXLIW.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Redemption</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
may redeem the outstanding warrants, in whole and not in part, at a price of $0.01 per warrant:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>at
any time while the warrants are exercisable,</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>upon
a minimum of 30 days&rsquo; prior written notice of redemption,</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if,
and only if, the last sales price of our common stock equals or exceeds $[18.00] per share [(300%] of the unit offering price) for any
20 trading days within a 30 trading day period ending [three (3)] business days before we send the notice of redemption, and</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>if,
and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants at
the time of redemption and for the entire 30<FONT>-day</FONT> trading period referred to above and continuing each day thereafter until
the date of redemption.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
the foregoing conditions are satisfied and we issue a notice of redemption, each warrant holder can exercise his, her or its warrant prior
to the scheduled redemption date. However, the price of our common stock may fall below the $[18.00] trigger price, as well as the $[6.90]
warrant exercise price, after the redemption notice is issued.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
redemption criteria for our warrants have been established at a price which is intended to provide warrant holders a reasonable premium
to the initial exercise price and provide a sufficient differential between the then<FONT>-prevailing</FONT> share price and the warrant
exercise price so that if the share price declines as a result of our redemption call, the redemption will not cause the share price to
drop below the exercise price of the warrants.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Rights
as a Stockholder. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Except
as otherwise provided in the warrants or by virtue of such holder&rsquo;s ownership of shares of our common stock, the holder of a warrant
does not have the rights or privileges of a holder of our common stock, including any voting rights, until the holder exercises the warrant.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Warrant
Agent; Global Certificate. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Warrants will be issued in registered form under a Warrant agent agreement between the Warrant Agent and us. The Warrants shall initially
be represented only by one or more global warrants deposited with the Warrant Agent, as custodian on behalf of The Depository Trust Company
(DTC) and registered in the name of Cede &amp; Co., a nominee of DTC, or as otherwise directed by DTC. Our common stock transfer agent,
Continental Stock Transfer &amp; Trust Company will serve as the Warrant Agent.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Governing
Law. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Warrants and the Warrant Agency Agreement are governed by New York law. Our warrant agreement with our transfer agent, which govern the
terms of the warrants, will provide that, subject to applicable law, (i) any action, proceeding or claim against us or the warrant agent
arising out of or relating in any way to the warrant agreement shall be brought and enforced in the courts of the State of New York or
the United States District Court for the Southern District of New York, and (ii) that we and the warrant agent irrevocably submit to such
jurisdiction, which jurisdiction shall be the exclusive forum for any such action, proceeding or claim. We and the warrant agent will
waive any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Notwithstanding
the foregoing, this exclusive forum provision shall not apply to suits brought to enforce a duty or liability created by the Exchange
Act, any other claim for which the federal courts have exclusive jurisdiction or any complaint asserting a cause of action arising under
the Securities Act against us or any of our directors, </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">118</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">officers,
other employees or agents. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any
duty or liability created by the Exchange Act or the rules and regulations thereunder. In addition, shareholders cannot waive compliance
with the federal securities laws and the rules and regulations thereunder.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Notwithstanding
the foregoing limitations on venue, such provisions are not applicable with respect to claims under the United States&rsquo; Securities
Act or Exchange Act. With respect to other types of claims these choice<FONT>-of-forum</FONT> provisions may limit a warrant holder&rsquo;s
ability to bring a claim in a judicial forum that it finds favorable for disputes with our company, which may discourage such lawsuits.
Alternatively, if a court were to find this provision of our warrant agreement inapplicable or unenforceable with respect to one or more
of the specified types of actions or proceedings, we may incur additional costs associated with resolving such matters in other jurisdictions,
which could materially and adversely affect our business, financial condition and results of operations and result in a diversion of the
time and resources of our management and board of directors.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Anti-Takeover
Provisions</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Certificate
of Incorporation and Bylaws to be in Effect Immediately Prior to Completion of this Offering</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
amended certificate of incorporation and amended and restated bylaws:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>provide
that the authorized number of directors may be changed only by resolution of our board of directors; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>provide
that directors may only be removed for cause, which removal may be effected, subject to any limitation imposed by law, by the holders
of at least 66% of the voting power of all of our then<FONT>-outstanding</FONT> shares of the capital stock entitled to vote generally
at an election of directors; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>provide
that all vacancies, including newly created directorships, may, except as otherwise required by law, be filled by the affirmative vote
of a majority of directors then in office, even if less than a quorum; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>require
that any action to be taken by our stockholders must be effected at a duly called annual or special meeting of stockholders and not be
taken by written consent or electronic transmission; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>provide
that stockholders seeking to present proposals before a meeting of stockholders or to nominate candidates for election as directors at
a meeting of stockholders must provide advance notice in writing, and also specify requirements as to the form and content of a stockholder&rsquo;s
notice; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>provide
that special meetings of our stockholders may be called only by the chairman of our board of directors, our chief executive officer or
president or by our board of directors pursuant to a resolution adopted by a majority of the total number of authorized directors; and
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>not
provide for cumulative voting rights, therefore allowing the holders of a majority of the shares of common stock entitled to vote in any
election of directors to elect all of the directors standing for election, if they should so choose. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
amendment of any of these provisions would require approval by the holders of at least 66% of the voting power of all our then<FONT>-outstanding</FONT>
common stock entitled to vote generally in the election of directors, voting together as a single class.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
combination of these provisions will make it more difficult for our existing stockholders to replace our board of directors as well as
for another party to obtain control of us by replacing our board of directors. Because our board of directors has the power to retain
and discharge our officers, these provisions could also make it more difficult for existing stockholders or another party to effect a
change in management.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> These
provisions are intended to enhance the likelihood of continued stability in the composition of our board of directors and its policies
and to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed to reduce our vulnerability
to hostile takeovers and to discourage certain tactics that may be used in proxy fights. However, such provisions could have the effect
of discouraging others from making tender offers for our shares and may have the effect of delaying changes in our control or management.
As a consequence, these provisions may also inhibit fluctuations in the market price of our stock that could result </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">119</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">from
actual or rumored takeover attempts. We believe that the benefits of these provisions, including increased protection of our potential
ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure our company, outweigh the disadvantages
of discouraging takeover proposals, because negotiation of takeover proposals could result in an improvement of their terms.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Section
203 of the Delaware General Corporation Law</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
are subject to Section 203 of the DGCL, which prohibits a Delaware corporation from engaging in a business combination with any interested
stockholder for a period of three years following the date the person became an interested stockholder, with the following exceptions:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>before
such date, the board of directors of the corporation approved either the business combination or the transaction that resulted in the
stockholder becoming an interested holder; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>upon
completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at
least 85% of the voting stock of the corporation outstanding at the time the transaction began, excluding for purposes of determining
the voting stock outstanding (but not the outstanding voting stock owned by the interested stockholder) those shares owned (a) by persons
who are directors and also officers and (b) pursuant to employee stock plans in which employee participants do not have the right to determine
confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>on
or after such date, the business combination is approved by the board of directors and authorized at an annual or special meeting of the
stockholders, and not by written consent, by the affirmative vote of at least 66% of the outstanding voting stock that is not owned by
the interested stockholder. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
general, Section 203 of the DGCL defines business combination to include the following:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
merger or consolidation involving the corporation and the interested stockholder; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the interested stockholder; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>subject
to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to
the interested stockholder; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
transaction involving the corporation that has the effect of increasing the proportionate share of the stock or any class or series of
the corporation beneficially owned by the interested stockholder; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits by or through
the corporation. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
general, Section 203 of the DGCL defines an &ldquo;interested stockholder&rdquo; as an entity or person who, together with the entity&rsquo;s
or person&rsquo;s affiliates and associates, beneficially owns, or is an affiliate of the corporation and within three years prior to
the time of determination of interested stockholder status did own, 15% or more of the outstanding voting stock of the corporation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
statute could prohibit or delay mergers or other takeover or change in control attempts and, accordingly, may discourage attempts to acquire
us even though such a transaction may offer our stockholders the opportunity to sell their stock at a price above the prevailing market
price.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
Delaware corporation may &ldquo;opt out&rdquo; of these provisions with an express provision in its certificate of incorporation. We have
not opted out of these provisions, which may as a result, discourage or prevent mergers or other takeover or change of control attempts
of us.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">120</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Choice
of Forum</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
amended and restated certificate of incorporation will provide that the Court of Chancery of the State of Delaware will be the exclusive
forum for any derivative action or proceeding brought on our behalf; any action asserting a breach of fiduciary duty; any action asserting
a claim against us or any of our directors, officers, employees or agents arising under the DGCL, our amended and restated certificate
of incorporation or our amended and restated bylaws; any action or proceeding to interpret, apply, enforce or determine the validity of
our amended and restated certificate of incorporation or our amended and restated bylaws; and any action asserting a claim against us
that is governed by the internal affairs doctrine. Our amended and restated certificate of incorporation will further provide that the
federal district courts of the United States of America will be the exclusive forum for resolving any complaint asserting a cause of action
arising under the Securities Act. The enforceability of similar choice of forum provisions in other companies&rsquo; certificates of incorporation
has been challenged in legal proceedings, and it is possible that, in connection with one or more actions or proceedings described above,
a court could find the choice of forum provisions contained in our amended and restated certificate of incorporation to be inapplicable
or unenforceable.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Transfer
Agent and Registrar</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
transfer agent and registrar for our common stock and warrants is Continental Stock Transfer &amp; Trust Company.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Nasdaq
Capital Market Listing</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have applied to list our common stock and warrants on The Nasdaq Stock Market Capital Market tier under the trading symbols &ldquo;NXL&rdquo;
and &ldquo;NXLIW&rdquo;. There can be no assurance that our application will be accepted, and we will not proceed with completion of our
initial public offering if it is not. We will not seek to obtain listing for the units.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">121</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T17"></A><FONT STYLE="font-style: normal; font-weight: bold">SHARES
ELIGIBLE FOR FUTURE SALE</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Prior
to this offering, no public market existed for our common stock or warrants. Future sales of our common stock in the public market after
this offering, or the perception that these sales could occur, could adversely affect prevailing market prices for our common stock and
could impair our future ability to raise equity capital.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Based
on the number of shares outstanding as of August<FONT> </FONT>22, 2022 (on an as<FONT>-adjusted</FONT> basis pursuant to our reorganization
and excluding warrants outstanding for 21,600 underlying shares with an exercise price of $10.00&nbsp;per share and the warrants included
in the units), upon completion of this offering and assuming no exercise of the underwriters&rsquo; option to purchase additional units,
6,464,961<FONT> </FONT>shares of our common stock will be outstanding, after giving effect to the issuance of 1,500,000 units (comprised
of 1,500,000<FONT> </FONT>shares of common stock and 1,500,000 warrants) offered by us in this offering. All of the shares of our common
stock sold in this offering will be freely tradable without restrictions or further registration under the Securities Act, except for
any shares sold to our &ldquo;affiliates,&rdquo; as that term is defined under Rule 144 under the Securities Act. The remaining shares
of our common stock held by existing stockholders are &ldquo;restricted securities,&rdquo; as that term is defined in Rule 144 under the
Securities Act. Restricted securities may be sold in the public market only if registered or if their resale qualifies for exemption from
registration under Rule 144 promulgated under the Securities Act or otherwise under the Securities Act. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
a result of contractual restrictions described below (See &ldquo;Lock<FONT>-Up</FONT> Agreements&rdquo;), the provisions of the Securities
Act of 1933 as amended and the provisions of Rules 144 and 701, the shares sold in this offering and the restricted securities will be
available for sale in the public market as follows:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
1,500,000<FONT> </FONT>shares sold in this offering, and none of the existing issued and outstanding restricted shares, will be eligible
for immediate sale upon the completion of this offering; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"> <FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
[1,696,112] restricted shares will be eligible for sale in the public market upon the date of this prospectus, without the volume, manner
of sale and other limitations under Rule 144 and Rule 701; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"> <FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>approximately
[3,145,223] restricted shares (including 1,667,856<FONT> </FONT>shares held by officers, directors and affiliates and consultants) will
be eligible for sale in the public market upon expiration of lock<FONT>-up</FONT> agreements commencing 180 days after the date of this
prospectus, subject in certain circumstances to the volume, manner of sale and other limitations under Rule 144 and Rule 701. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Rule
144</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">SEC
Rule 144 creates a safe harbor from the Section 2(a)(11) definition of &ldquo;underwriter.&rdquo; A person satisfying the applicable conditions
of the Rule 144 safe harbor is deemed not to be engaged in a distribution of the securities and therefore not an underwriter of the securities
for purposes of Section 2(a)(11). Rule 144 is not an exclusive safe harbor. A person who does not meet all of the applicable conditions
of Rule 144 still may claim any other available exemption under the Act for the sale of the securities. In general, persons who have beneficially
owned restricted shares of our common stock for at least six months, and any affiliate of the Company who owns either restricted or unrestricted
shares of our common stock, are entitled to sell their securities without registration with the SEC under an exemption from registration
provided by Rule 144 or otherwise under Section 4(1) of the Securities Act.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Non-Affiliates</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Any
person who is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale may
sell an unlimited number of restricted securities under Rule 144 if:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
restricted securities have been held for at least six months, including the holding period of any prior owner other than one of our affiliates;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>we
have been subject to the Securities Exchange Act of 1934, as amended, or the Exchange Act, periodic reporting requirements for at least
90 days before the sale; and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>we
are current in our Exchange Act reporting at the time of sale. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Any
person who is not deemed to have been an affiliate of ours at the time of, or at any time during the three months preceding, a sale and
has held the restricted securities for at least one year, including the holding period of any prior </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">122</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">owner
other than one of our affiliates, will be entitled to sell an unlimited number of restricted securities without regard to the length of
time we have been subject to Exchange Act periodic reporting or whether we are current in our Exchange Act reporting.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Affiliates</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Persons
seeking to sell restricted securities who are our affiliates at the time of, or any time during the three months preceding, a sale, would
be subject to the restrictions described above. They are also subject to additional restrictions, by which such person would be required
to comply with the manner of sale and notice provisions of Rule 144 and would be entitled to sell within any three<FONT>-month</FONT>
period only that number of securities that does not exceed the greater of either of the following:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"> <FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>1%
of the number of shares of our common stock then outstanding, which will equal approximately 64,649<FONT> </FONT>shares immediately after
the completion of this offering based on the number of shares outstanding as of August<FONT> </FONT>22, 2022; or </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
average weekly trading volume of our common stock on The Nasdaq Capital Market during the four calendar weeks preceding the filing of
a notice on Form 144 with respect to the sale. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Additionally,
persons who are our affiliates at the time of, or any time during the three months preceding, a sale may sell unrestricted securities
under the requirements of Rule 144 described above, without regard to the six<FONT>-month</FONT> holding period of Rule 144, which does
not apply to sales of unrestricted securities.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Rule
701</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Rule
701 under the Securities Act, as in effect on the date of this prospectus, permits resales of shares in reliance upon Rule 144 but without
compliance with certain restrictions of Rule 144, including the holding period requirement. Most of our employees, executive officers
or directors who purchased shares under a written compensatory plan or contract may be entitled to rely on the resale provisions of Rule
701, but all holders of Rule 701<FONT> </FONT>shares are required to wait until 90 days after the date of this prospectus before selling
their shares. However, substantially all Rule 701<FONT> </FONT>shares are subject to lock<FONT>-up</FONT> agreements as described below
and in the section of this prospectus titled &ldquo;Underwriting&rdquo; and will become eligible for sale upon the expiration of the restrictions
set forth in those agreements.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Lock-Up
Agreements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
holders of an aggregate of [3,145,223] shares of common stock on the date of this prospectus, including each of our executive officers
and directors, have entered into lock<FONT>-up</FONT> agreements with the underwriters or otherwise agreed, subject to certain exceptions,
that we and they will not, directly or indirectly, offer, sell, contract to sell, pledge, grant any option to purchase, make any short
sale or otherwise dispose of or hedge any of our shares of our common stock, any options or warrants to purchase shares of our common
stock, or any securities convertible into, or exchangeable for or that represent the right to receive shares of our common stock, without
the prior written consent of Maxim Group LLC as the representative of the underwriters for a period of 180 days from the date of this
prospectus. As a result of these lock<FONT>-up</FONT> agreements, as of the date of the effective date of the registration statement of
which this prospectus forms a part, holders of [3,145,223] shares of the issued and outstanding shares have executed lock<FONT>-up</FONT>
agreements. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">123</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T18"></A><FONT STYLE="font-style: normal; font-weight: bold">MATERIAL
U.S. FEDERAL INCOME TAX CONSIDERATIONS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">The
following discussion summarizes certain U.S. federal income tax considerations generally applicable to the acquisition, ownership and
disposition of our units (each consisting of one share and one warrant) that are purchased in this offering by U.S. Holders (as defined
below) and Non</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold">-U</FONT></FONT><FONT STYLE="font-style: normal; font-weight: bold">.S.
Holders (as defined below). Because the components of a unit are generally separable at the option of the holder, the holder of a unit
generally should be treated, for U.S. federal income tax purposes, as the owner of the underlying ordinary share, right and warrant components
of the unit. As a result, the discussion below of the U.S. federal income tax consequences with respect to actual holders of ordinary
shares and warrants should also apply to holders of units (as the deemed owners of the underlying ordinary shares and warrants that comprise
the units).</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">U.S,
HOLDERS</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
discussion is limited to certain U.S. federal income tax considerations to beneficial owners of our securities who are initial purchasers
of a unit pursuant to this offering and hold the shares of common stock purchased in a unit as a capital asset within the meaning of Section
1221 of the U.S. Internal Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;). This discussion assumes that the ordinary shares,
rights and warrants will trade separately and that any distributions made (or deemed made) by us on our ordinary shares and any consideration
received (or deemed received) by a holder in consideration for the sale or other disposition of our securities will be in U.S. dollars.
This discussion is a summary only and does not consider all aspects of U.S. federal income taxation that may be relevant to the acquisition,
ownership and disposition of a unit by a prospective investor in light of its particular circumstances. In addition, this discussion does
not address the U.S. federal income tax consequences to holders that are subject to special rules, including:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>financial
institutions or financial services entities;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>broker<FONT>-dealers</FONT>;
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>taxpayers
that are subject to the mark<FONT>-to-market</FONT> accounting rules;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>tax<FONT>-exempt</FONT>
entities; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>governments
or agencies or instrumentalities thereof;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>insurance
companies; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>regulated
investment companies; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>real
estate investment trusts; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>expatriates
or former long<FONT>-term</FONT> residents of the United States; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>persons
that actually or constructively own five percent or more of our voting shares; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>persons
that acquired our securities pursuant to an exercise of employee share options, in connection with employee share incentive plans or otherwise
as compensation;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>persons
that hold our securities as part of a straddle, constructive sale, hedging, conversion or other integrated or similar transaction; or</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>U.S.
Holders (as defined below) whose functional currency is not the U.S. dollar.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
discussion below is based upon the provisions of the Code, the Treasury regulations promulgated thereunder and administrative and judicial
interpretations thereof, all as of the date hereof, and such provisions may be repealed, revoked, modified or subject to differing interpretations,
possibly on a retroactive basis, so as to result in U.S. federal income tax consequences different from those discussed below. Furthermore,
this discussion does not address the potential application of the alternative minimum tax, the Medicare contribution tax, any aspect of
U.S. federal non<FONT>-income</FONT> tax laws, such as gift or estate tax laws, state, local or non<FONT>-U</FONT>.S. tax laws or, except
as discussed herein, any tax reporting obligations of a holder of our securities.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">124</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have not sought, and will not seek, a ruling from the IRS as to any U.S. federal income tax consequence described herein. The IRS may
disagree with the discussion herein, and its determination may be upheld by a court. Moreover, there can be no assurance that future legislation,
regulations, administrative rulings or court decisions will not adversely affect the accuracy of the statements in this discussion.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
used herein, the term &ldquo;U.S. Holder&rdquo; means a beneficial owner of shares or warrants who or that is for U.S. federal income
tax purposes: (i) an individual citizen or resident of the United States, (ii) a corporation (or other entity treated as a corporation
for United States federal income tax purposes) that is created or organized (or treated as created or organized) in or under the laws
of the United States, any state thereof or the District of Columbia, (iii) an estate the income of which is subject to United States federal
income taxation regardless of its source or (iv) a trust if (A) a court within the United States is able to exercise primary supervision
over the administration of the trust and one or more U.S. persons have the authority to control all substantial decisions of the trust,
or (B) it has in effect a valid election to be treated as a U.S. person.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
a beneficial owner of our securities is not described as a U.S. Holder and is not an entity treated as a partnership or other pass<FONT>-through</FONT>
entity for U.S. federal income tax purposes, such owner will be considered a &ldquo;Non<FONT>-U</FONT>.S. Holder.&rdquo; The U.S. federal
income tax consequences applicable specifically to Non<FONT>-U</FONT>.S. Holders are described below under the heading &ldquo;Non<FONT>-U</FONT>.S.
Holders.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
discussion does not consider the tax treatment of partnerships or other pass<FONT>-through</FONT> entities or persons who hold our securities
through such entities. If a partnership (or other entity classified as a partnership for U.S. federal income tax purposes) is the beneficial
owner of our securities, the U.S. federal income tax treatment of a partner in the partnership generally will depend on the status of
the partner and the activities of the partnership. Partnerships holding our securities and partners in such partnerships are urged to
consult their own tax advisors.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">THIS
DISCUSSION IS ONLY A SUMMARY OF THE U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES.
EACH PROSPECTIVE INVESTOR IN OUR SECURITIES IS URGED TO CONSULT ITS OWN TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO
SUCH INVESTOR OF THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES, INCLUDING THE APPLICABILITY AND EFFECT OF ANY STATE, LOCAL,
AND NON<FONT>-U</FONT>.S. TAX LAWS, AS WELL AS U.S. FEDERAL TAX LAWS AND ANY APPLICABLE TAX TREATIES.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Allocation
of Purchase Price and Characterization of a Unit</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
is no statutory, administrative or judicial authority directly addressing the treatment, for U.S. federal income tax purposes, of securities
with terms substantially the same as the units, and, therefore, that treatment is not entirely clear. The acquisition of a unit should
be treated for U.S. federal income tax purposes as the acquisition of one share and one warrant to acquire one share. Each holder of a
unit must allocate the purchase price paid by such holder for such unit among the share, and the warrant that comprise the unit based
on their respective relative fair market values at the time of issuance. A holder&rsquo;s initial tax basis in the share and warrant included
in each unit should equal the portion of the purchase price of the unit allocated thereto. Any disposition of a unit should be treated
for U.S. federal income tax purposes as a disposition of the share and warrant comprising the unit, and the amount realized on the disposition
should be allocated among the share and the warrant based on their respective relative fair market values at the time of disposition.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
foregoing treatment of our shares and warrants and a holder&rsquo;s purchase price allocation are not binding on the IRS or the courts.
Because there are no authorities that directly address instruments that are similar to the units, no assurance can be given that the IRS
or the courts will agree with the characterization described above or the discussion below. Accordingly, each holder is advised to consult
its own tax advisor regarding the risks associated with an investment in a unit (including alternative characterizations of a unit) and
regarding an allocation of the purchase price among the share and warrant that comprise a unit. The balance of this discussion generally
assumes that the characterization of the units described above is respected for U.S. federal income tax purposes.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Taxation
of Distributions Paid on Shares</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Subject
to the passive foreign investment company (&ldquo;PFIC&rdquo;) rules discussed below, a U.S. Holder generally will be required to include
in gross income as dividends the amount of any cash distribution paid on our shares of common </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">125</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">stock.
A cash distribution on such shares generally will be treated as a dividend for U.S. federal income tax purposes to the extent the distribution
is paid out of our current or accumulated earnings and profits (as determined under U.S. federal income tax principles). Such dividends
paid by us will be taxable to a corporate U.S. holder at regular rates and will not be eligible for the dividends<FONT>-received</FONT>
deduction generally allowed to domestic corporations in respect of dividends received from other domestic corporations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Distributions
in excess of such earnings and profits generally will be applied against and reduce the U.S. Holder&rsquo;s basis in its shares of common
stock (but not below zero) and, to the extent in excess of such basis, will be treated as gain from the sale or exchange of such shares.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">With
respect to non<FONT>-corporate</FONT> U.S. Holders, dividends will be taxed at the lower applicable long<FONT>-term</FONT> capital gains
rate (see &ldquo;&mdash; Taxation on the Disposition of Ordinary Shares, Rights and Warrants&rdquo; below) only if our shares are readily
tradable on an established securities market in the United States and certain other requirements are met. U.S. Holders should consult
their own tax advisors regarding the availability of the lower rate for any dividends paid with respect to our shares.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Possible
Constructive Distributions</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
terms of each warrant provide for an adjustment to the number of shares for which the warrant may be exercised or to the exercise price
of the warrant in certain events. An adjustment which has the effect of preventing dilution generally is not taxable. However, the U.S.
Holders of the warrants would be treated as receiving a constructive distribution from us if, for example, the adjustment increases the
warrant holders&rsquo; proportionate interest in our assets or earnings and profits (e.g., through an increase in the number of ordinary
shares that would be obtained upon exercise) as a result of a distribution of cash to the holders of our ordinary shares which is taxable
to the U.S. Holders of such ordinary shares. Such constructive distribution would be subject to tax in the same manner as if the U.S.
Holders of the warrants received a cash distribution from us equal to the fair market value of such increased interest. For certain information
reporting purposes, we are required to determine the date and amount of any such constructive distributions. Recently proposed Treasury
regulations, which we may rely on prior to the issuance of final regulations, specify how the date and amount of constructive distributions
are determined.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Taxation
on the Disposition of Shares and Warrants</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
amount of gain or loss recognized of a disposition of our shares of common stock or warrants generally will be equal to the difference
between (i) the sum of the amount of cash and the fair market value of any property received in such disposition and (ii) the U.S. Holder&rsquo;s
adjusted tax basis in its shares and warrants (that is, the portion of the purchase price of a unit allocated to a share or warrant, as
described above under &ldquo;&mdash; Allocation of Purchase Price and Characterization of a Unit&rdquo;) reduced by any prior distributions
treated as a return of capital. See &ldquo;&mdash; Acquisition of Shares Pursuant to a Warrant&rdquo; below for a discussion regarding
a U.S. Holder&rsquo;s basis in a share of common stock acquired pursuant to a warrant or a right.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Under
tax law currently in effect long<FONT>-term</FONT> capital gains recognized by non<FONT>-corporate</FONT> U.S. Holders are generally subject
to U.S. federal income tax at a reduced rate of tax. Capital gain or loss will constitute long<FONT>-term</FONT> capital gain or loss
if the U.S. Holder&rsquo;s holding period for the shares or warrants exceeds one year. It is unclear whether the redemption rights with
respect to the ordinary shares described in this prospectus may prevent a U.S. Holder from satisfying the applicable holding period requirements
for this purpose. The deductibility of capital losses is subject to various limitations that are not described herein because a discussion
of such limitations depends on each U.S. Holder&rsquo;s particular facts and circumstances</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt">Acquisition
of Ordinary Shares Pursuant to a Warrant</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
U.S. Holder generally will not recognize gain or loss upon the exercise of a warrant for cash. A share of common stock acquired pursuant
to the exercise of a warrant for cash generally will have a tax basis equal to the U.S. Holder&rsquo;s tax basis in the warrant, increased
by the amount paid to exercise the warrant. It is unclear whether a Holder&rsquo;s holding period for the share will commence on the date
of exercise of the warrant or the day following the date of exercise of the warrant; in either case, the holding period will not include
the period during which the U.S. Holder held the warrant. If a warrant is allowed to lapse unexercised, a U.S. Holder generally will recognize
a capital loss equal to such holder&rsquo;s tax basis in the warrant.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">126</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
tax consequences of a cashless exercise of a warrant are not clear under current tax law. A cashless exercise may be tax<FONT>-free</FONT>,
either because the exercise is not a realization event or because the exercise is treated as a recapitalization for U.S. federal income
tax purposes. In either tax<FONT>-free</FONT> situation, a U.S. Holder&rsquo;s tax basis in the shares received generally would equal
the U.S. Holder&rsquo;s tax basis in the warrants. If the cashless exercise was not a realization event, it is unclear when a U.S. Holder&rsquo;s
holding period for the shares would be treated as commencing. If the cashless exercise were treated as a recapitalization, the holding
period of the shares would include the holding period of the warrants.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">It
is also possible that a cashless exercise could be treated as a taxable exchange in which gain or loss would be recognized. In such event,
a U.S. Holder could be deemed to have surrendered warrants having an aggregate fair market a value equal to the exercise price for the
total number of warrants to be exercised. The U.S. Holder would recognize capital gain or loss in an amount equal to the difference between
the fair market value of the shares received in respect of the warrants deemed surrendered and the U.S. Holder&rsquo;s tax basis in such
warrants. Such gain or loss would be long<FONT>-term</FONT> or short<FONT>-term</FONT>, depending on the U.S. Holder&rsquo;s holding period
in the warrants deemed surrendered. In this case, a U.S. Holder&rsquo;s tax basis in the shares received would equal the sum of the U.S.
Holder&rsquo;s initial investment in the exercised warrants (i.e., the portion of the U.S. Holder&rsquo;s purchase price for the units
that is allocated to the warrants, as described above under &ldquo;&mdash; Allocation of Purchase Price and Characterization of a Unit&rdquo;)
and the exercise price of such warrants. It is unclear whether a U.S. Holder&rsquo;s holding period for the shares of common stock would
commence on the date of exercise of the warrant or the day following the date of exercise of the warrant. There may also be alternative
characterizations of any such taxable exchange that would result in similar tax consequences, except that a U.S. Holder&rsquo;s gain or
loss would be short<FONT>-term</FONT>.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Due
to the absence of authority on the U.S. federal income tax treatment of a cashless exercise, there can be no assurance which, if any,
of the alternative tax consequences and holding periods described above would be adopted by the IRS or a court of law. Accordingly, U.S.
Holders should consult their tax advisors regarding the tax consequences of a cashless exercise.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Unearned
Income Medicare Tax.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
3.8% Medicare contribution tax will generally apply to all or some portion of the net investment income of a U.S.&nbsp;holder that is
an individual with adjusted gross income that exceeds a threshold amount ($200,000, or $250,000 if married filing jointly).</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NON-U.S
HOLDERS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Distributions
on Our Common Stock</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
discussed under &ldquo;<FONT STYLE="font-style: italic; font-weight: normal">Dividend Policy</FONT>&rdquo; above, we do not expect to
make cash dividends to holders of our common stock in the foreseeable future. Distributions, if any, on our common stock generally will
constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings and profits, as
determined under U.S. federal income tax principles. If a distribution exceeds our current and accumulated earnings and profits, the excess
will be treated as a tax<FONT>-free</FONT> return of the non<FONT>-U</FONT>.S. holder&rsquo;s investment, up to the holder&rsquo;s tax
basis in the common stock. Any remaining excess will be treated as capital gain, subject to the tax treatment described below under the
heading &ldquo;<FONT STYLE="font-style: italic; font-weight: normal">Gain on Sale, Exchange or Other Taxable Disposition of Our Common
Stock</FONT>.&rdquo; Any such distributions will also be subject to the discussion below under the headings &ldquo;<FONT STYLE="font-style: italic; font-weight: normal">Information
Reporting and Backup Withholding</FONT>&rdquo; and &ldquo;<FONT STYLE="font-style: italic; font-weight: normal">FATCA</FONT>.&rdquo;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dividends
paid to a non<FONT>-U</FONT>.S. holder generally will be subject to withholding of U.S. federal income tax at a 30% rate or such lower
rate as may be specified by an applicable income tax treaty between the United States and such holder&rsquo;s country of residence.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Dividends
that are treated as effectively connected with a trade or business conducted by a non<FONT>-U</FONT>.S. holder within the United States,
and, if an applicable income tax treaty so provides, that are attributable to a permanent establishment or a fixed base maintained by
the non<FONT>-U</FONT>.S. holder within the United States, are generally exempt from the 30% withholding tax if the non<FONT>-U</FONT>.S.
holder satisfies applicable certification and disclosure requirements (generally including provision of a valid IRS Form W<FONT>-8ECI</FONT>
(or applicable successor form) certifying that the dividends are effectively connected with the non<FONT>-U</FONT>.S. holder&rsquo;s conduct
of a trade or business within the United States or, if an applicable income tax treaty so provides, attributable to a permanent establishment
or a fixed base </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">127</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">maintained
by the non<FONT>-U</FONT>.S. holder within the United States). However, such U.S. effectively connected income, net of specified deductions
and credits, is taxed in the hands of the non<FONT>-U</FONT>.S. holder at the same corporate or graduated individual U.S. federal income
tax rates applicable to United States persons (as defined in the Code). Any U.S.&nbsp;effectively connected income received by a non<FONT>-U</FONT>.S.
holder that is classified as a corporation for U.S.&nbsp;federal income tax purposes may also be subject to an additional &ldquo;branch
profits tax&rdquo; at a 30% rate or such lower rate as may be specified by an applicable income tax treaty between the United States and
such holder&rsquo;s country of residence.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
non<FONT>-U</FONT>.S. holder of our common stock who claims the benefit of an applicable income tax treaty between the United States and
such holder&rsquo;s country of residence generally will be required to provide a properly executed IRS Form W<FONT>-8BEN</FONT> or W<FONT>-8BEN-E</FONT>
(or successor form) and satisfy applicable certification and other requirements. Non<FONT>-U</FONT>.S. holders are urged to consult their
own tax advisors regarding their entitlement to benefits under a relevant income tax treaty and the specific methods available to them
to satisfy these requirements.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
non<FONT>-U</FONT>.S. holder that is eligible for a reduced rate of U.S. withholding tax under an income tax treaty may obtain a refund
or credit of any excess amounts withheld by timely filing an appropriate claim for a refund with the IRS.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Gain
on Sale, Exchange or Other Taxable Disposition of Our Common Stock</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Subject
to the discussion below under the headings &ldquo;<FONT STYLE="font-style: italic; font-weight: normal">Information Reporting and Backup
Withholding</FONT>&rdquo; and &ldquo;<FONT STYLE="font-style: italic; font-weight: normal">FATCA</FONT>,&rdquo; a non<FONT>-U</FONT>.S.
holder generally will not be subject to U.S. federal income tax or withholding tax on any gain realized upon such non<FONT>-U</FONT>.S.
holder&rsquo;s sale, exchange or other taxable disposition of our common stock unless:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
gain is effectively connected with the non<FONT>-U</FONT>.S. holder&rsquo;s conduct of a U.S. trade or business and, if an applicable
income tax treaty so provides, the gain is attributable to a permanent establishment or fixed base maintained by the non<FONT>-U</FONT>.S.
holder in the United States, in which case the non<FONT>-U</FONT>.S. holder generally will be taxed on a net income basis at the corporate
or graduated individual U.S. federal income tax rates applicable to United States persons (as defined in the Code) and, if the non<FONT>-U</FONT>.S.
holder is a foreign corporation, the branch profits tax described above in &ldquo;<FONT STYLE="font-style: italic; font-weight: normal">Distributions
on Our Common Stock</FONT>&rdquo; also may apply; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
non<FONT>-U</FONT>.S. holder is a non<FONT>-resident</FONT> alien individual present in the United States for a period or periods aggregating
183 days or more in the taxable year of the disposition and certain other conditions are met, in which case the non<FONT>-U</FONT>.S.
holder will be subject to a 30% tax (or such lower rate as may be specified by an applicable income tax treaty between the United States
and such holder&rsquo;s country of residence) on the net gain derived from the disposition, which may be offset by certain U.S.<FONT>-source</FONT>
capital losses of the non<FONT>-U</FONT>.S. holder recognized in the taxable year of the disposition, if any; or </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>we
are, or have been, at any time during the five<FONT>-year</FONT> period preceding such disposition (or the non<FONT>-U</FONT>.S.&nbsp;holder&rsquo;s
holding period, if shorter) a &ldquo;U.S. real property holding corporation&rdquo; unless our common stock is regularly traded on an established
securities market and the non<FONT>-U</FONT>.S. holder holds no more than 5% of our outstanding common stock, directly or indirectly,
at any time during the shorter of the five<FONT>-year</FONT> period ending on the date of the disposition or the period that the non<FONT>-U</FONT>.S.
holder held our common stock. Generally, a corporation is a &ldquo;U.S. real property holding corporation&rdquo; if the fair market value
of its &ldquo;U.S. real property interests&rdquo; (as defined in the Code and applicable Treasury Regulations) equals or exceeds 50% of
the sum of the fair market value of its worldwide real property interests plus its other assets used or held for use in a trade or business.
Although there can be no assurance, we believe that we are not currently, and we do not anticipate becoming, a &ldquo;U.S. real property
holding corporation&rdquo; for U.S. federal income tax purposes. If we are a U.S. real property holding corporation and either our common
stock is not regularly traded on an established securities market or a non<FONT>-U</FONT>.S. holder holds more than 5% of our outstanding
common stock, directly or indirectly, during the applicable testing period, such non<FONT>-U</FONT>.S. holder&rsquo;s gain on the disposition
of shares of our common stock generally will be taxed in the same manner as gain that is effectively connected with the conduct of a U.S.
trade or business, except that the branch profits tax generally will not apply. If we are a U.S. real property holding corporation and
our common stock is not regularly traded on an established securities market, a non<FONT>-U</FONT>.S. holder&rsquo;s proceeds received
on the disposition of shares will also generally be subject to withholding at a rate of 15%. Prospective investors are encouraged to consult
their own tax advisors regarding the possible consequences to them if we are, or were to become, a U.S. real property holding corporation.
</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">128</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Information
Reporting and Backup Withholding</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
must report annually to the IRS and to each non<FONT>-U</FONT>.S. holder the gross amount of the distributions on our common stock paid
to such holder and the tax withheld, if any, with respect to such distributions. Non<FONT>-U</FONT>.S. holders generally will have to
comply with specific certification procedures to establish that the holder is not a United States person (as defined in the Code) in order
to avoid backup withholding at the applicable rate with respect to dividends on our common stock. Generally, a non<FONT>-U</FONT>.S. holder
will comply with such procedures if it provides a properly executed IRS Form W<FONT>-8BEN</FONT> or W<FONT>-8BEN-E</FONT> (or other applicable
Form W<FONT>-8</FONT>), or otherwise meets the documentary evidence requirements for establishing that it is a non<FONT>-U</FONT>.S. holder,
or otherwise establishes an exemption (and the payor does not have actual knowledge or reason to know that such holder is a United States
person). Dividends paid to non<FONT>-U</FONT>.S. holders subject to withholding of U.S. federal income tax, as described above under &ldquo;<FONT STYLE="font-style: italic; font-weight: normal">Distributions
on Our Common Stock</FONT>,&rdquo; will generally be exempt from U.S. backup withholding.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Information
reporting and backup withholding, currently at a rate of 24%, generally will apply to the proceeds of a disposition of our common stock
by a non<FONT>-U</FONT>.S. holder effected by or through the U.S. office of any broker, whether U.S. or non<FONT>-U</FONT>.S., unless
the holder certifies its status as a non<FONT>-U</FONT>.S. holder and satisfies certain other requirements, or otherwise establishes an
exemption from backup withholding. Generally, information reporting and backup withholding will not apply to a payment of disposition
proceeds to a non<FONT>-U</FONT>.S. holder where the transaction is effected outside the United States through a non<FONT>-U</FONT>.S.
office of a broker. However, for information reporting purposes, dispositions effected through a non<FONT>-U</FONT>.S. office of a broker
with substantial U.S. ownership or operations generally will be treated in a manner similar to dispositions effected through a U.S. office
of a broker. Non<FONT>-U</FONT>.S.&nbsp;holders should consult their own tax advisors regarding the application of the information reporting
and backup withholding rules to them.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Copies
of information returns may be made available to the tax authorities of the country in which the non<FONT>-U</FONT>.S.&nbsp;holder resides
or is incorporated under the provisions of a specific treaty or agreement.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Backup
withholding is not an additional tax. Any amounts withheld under the backup withholding rules from a payment to a non<FONT>-U</FONT>.S.
holder can be refunded or credited against the non<FONT>-U</FONT>.S. holder&rsquo;s U.S. federal income tax liability, if any, provided
that an appropriate claim is timely filed with the IRS.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">FATCA</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Foreign Account Tax Compliance Act, or FATCA, generally imposes a 30% withholding tax on dividends on, and gross proceeds from the sale
or disposition of, our common stock paid to a foreign entity unless (i) if the foreign entity is a &ldquo;foreign financial institution,&rdquo;
the foreign entity undertakes certain due diligence, reporting, withholding, and certification obligations, (ii) if the foreign entity
is not a &ldquo;foreign financial institution,&rdquo; the foreign entity identifies certain of its U.S. investors, if any, or (iii) the
foreign entity is otherwise exempt from FATCA.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Withholding
under FATCA generally applies (1) to payments of dividends on our common stock, and (2) to payments of gross proceeds from a sale or other
disposition of our common stock. However, under proposed U.S.&nbsp;Treasury Regulations, withholding under FATCA will not apply to the
gross proceeds from any sale or disposition of our common stock. An intergovernmental agreement between the United States and an applicable
foreign country may modify the requirements described in this section. Under certain circumstances, a non<FONT>-U</FONT>.S.&nbsp;holder
may be eligible for refunds or credits of the tax. Non<FONT>-U</FONT>.S. holders should consult their own tax advisors regarding the possible
implications of FATCA on their investment in our common stock and the entities through which they hold our common stock, including, without
limitation, the process and deadlines for meeting the applicable requirements to prevent the imposition of the 30% withholding tax under
FATCA.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">The
preceding discussion of material U.S. federal tax considerations is for informational purposes only. It is not legal or tax advice. Prospective
investors should consult their own tax advisors regarding the particular U.S. federal, state, local and non</FONT><FONT><FONT STYLE="font-style: normal; font-weight: bold">-U</FONT></FONT><FONT STYLE="font-style: normal; font-weight: bold">.S.
tax consequences of purchasing, holding and disposing of our common stock, including the consequences of any proposed or recently enacted
changes in applicable laws.</FONT></P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">129</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T19"></A><FONT STYLE="font-style: normal; font-weight: bold">UNDERWRITING</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have entered into an underwriting agreement, dated _____, 2022, with Maxim Group LLC, who we refer to as the underwriter, with respect
to the units sold in this offering. Each unit is comprised on one share of common stock and one warrant to acquire one share. We are not
issuing or certificating units. Shares of common stock and warrants will be purchased by the underwriters. Subject to certain conditions,
we have agreed to sell to the underwriter, and the underwriter has agreed to purchase, at the public offering price per unit less the
underwriting discounts set forth on the cover page of this prospectus, the number of units listed next to its name in the following table:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">Underwriter</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.82%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Number
        of <BR></FONT><FONT STYLE="font-style: normal; font-weight: bold">Units </FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Maxim
        Group LLC</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.82%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total:</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.82%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        </P> </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
underwriting agreement provides that the underwriters are obligated to purchase all the units in the offering if any are purchased, other
than those shares covered by the option described below. The underwriting agreement also provides that if an underwriter defaults the
purchase commitments of non<FONT>-defaulting</FONT> underwriters may be increased or the offering may be terminated. Furthermore, pursuant
to the underwriting agreement, the underwriters&rsquo; obligations are subject to customary conditions, representations and warranties
contained in the underwriting agreement, such as receipt by the underwriters of officers&rsquo; certificates and legal opinions.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Over-Allotment
Option</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have granted to the underwriters a 45<FONT>-day</FONT> option to purchase on a pro rata basis up to 225,000 additional units (225,000<FONT>
</FONT>shares and 225,000 warrants) at the initial public offering price less the underwriting discounts and commissions. The option may
be exercised only to cover any over<FONT>-allotments</FONT> of units.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Discount,
Commissions and Expenses</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
underwriters propose to offer the units initially at the public offering price on the cover page of this prospectus and to selling group
members at that price less a selling concession of up to $_____ per unit. After the initial public offering the underwriters may change
the public offering price and selling concession.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table shows the per unit and total public offering price, underwriting discounts and commissions and proceeds before expenses
to us. These amounts are shown assuming both no exercise and full exercise of the underwriters&rsquo; option to purchase up to 225,000
additional units:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 60.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="5" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 25.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Total</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 60.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Per</FONT><FONT STYLE="font-style: normal; font-weight: bold">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">Share</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">No</FONT><FONT STYLE="font-style: normal; font-weight: bold">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">Exercise</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.82%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Full</FONT><FONT STYLE="font-style: normal; font-weight: bold">
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">Exercise</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 60.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Public
        offering price</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 60.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT>Underwriting
        discounts and commissions to be paid by us ([&bull;]%)</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 60.26%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT>Proceeds,
        before expenses, to us</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.83%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have also agreed to reimburse the underwriters in an amount up to $110,000 for all expenses relating to this offering. In accordance with
FINRA Rule 5110, these reimbursed expenses are deemed underwriting compensation for this offering.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Underwriter
Shares</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Maxim
Partners LLC, the underwriter&rsquo;s parent, is also the owner of 48,461<FONT> </FONT>shares of our common stock. These shares were issued
to Maxim Partners LLC pursuant to the terms of an engagement letter dated March 2020 between us and the underwriter in return for general
advisory and investment banking services. Specifically, Maxim Partners LLC received 40,000<FONT> </FONT>shares of our common stock on
March<FONT> </FONT>11, 2020, and 929,219<FONT> </FONT>shares of our common stock on September<FONT> </FONT>28, 2021. However, on December<FONT>
</FONT>1, 2021, we completed a merger through which shareholders received one (1) share of our common stock, as we were the surviving
entity, in exchange for twenty (20) shares of the entity being merged into us. Thus, Maxim Partners LLC currently holds approximately
48,461<FONT> </FONT>shares of our common stock, or about 0.98% of our 4,964,961 outstanding shares. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">130</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
portion of the shares were issued in lieu of payment of cash fees in accordance with the terms of the engagement letter. Though issued
pursuant to the March 2020 agreement referenced above and for general advisory and investment banking services rendered prior to September
2021, the 929,219<FONT> </FONT>shares of our common stock received on September<FONT> </FONT>28, 2021, which currently amount to approximately
46,461<FONT> </FONT>shares in light of the merger, have been deemed compensation by FINRA and are therefore subject to a 180<FONT>-day</FONT>
lock<FONT>-up</FONT> pursuant to Rule 5110(e)(1) of FINRA. These shares may not be sold, transferred, assigned, pledged or hypothecated
or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition
of the securities for a period of 180 days following the effective date of the registration for this offering, except that they may be
assigned, in whole or in part, to any officer or partner of the underwriter, and to members of the underwriting syndicate or selling group
(or to officers or partners thereof), or as otherwise permitted, in compliance with FINRA Rule 5110(e)(2).</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Discretionary
Accounts</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
underwriters have informed us that they do not intend sales to discretionary accounts to exceed 5% of the total number of units offered
by them.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Lock-Up
Agreements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have agreed, subject to certain exceptions, that we will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or
indirectly, or file with the SEC a registration statement under the Securities Act relating to, any shares of our common stock, or securities
convertible into or exchangeable or exercisable for shares of our common stock, or publicly disclose the intention to make any offer,
sale, pledge, disposition or filing, without the prior written consent of the representatives for a period of 180 days after the date
of this prospectus.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Our
officers, directors and other holders of an aggregate of [3,145,223] shares of common stock prior to this offering have agreed, subject
to certain exceptions, that they will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares
of our common stock, or securities convertible into or exchangeable or exercisable for any shares of our common stock, enter into a transaction
that would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic
consequences of ownership of our common stock, whether any of these transactions are to be settled by delivery of our common stock or
other securities, in cash or otherwise, or publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter
into any transaction, swap, hedge or other arrangement, without, in each case, the prior written consent of the representatives for a
period of 180 days after the date of this prospectus. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Right
of First Refusal</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
a period of eighteen (18) months from completion of this offering, the Company has granted the underwriters the right of first refusal
to act as a sole lead manager, underwriter and/or placement agent for any and all future public and private equity and debt (excluding
commercial bank debt) offerings during such eighteen (18) month period of the Company, or any successor to or any subsidiary of the Company.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Indemnification</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have agreed to indemnify the underwriters and certain of their controlling persons against certain liabilities, including liabilities
under the Securities Act, and liabilities arising from breaches of representations and warranties contained in the underwriting agreement,
or to contribute to payments that the underwriters may be required to make in respect of those liabilities.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">131</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Price
Stabilization, Short Positions and Penalty Bids</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
connection with the offering the underwriters may engage in stabilizing transactions, over<FONT>-allotment</FONT> transactions, syndicate
covering transactions and penalty bids in accordance with Regulation M under the Exchange Act.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Stabilizing
transactions permit bids to purchase the underlying security so long as the stabilizing bids do not exceed a specified maximum. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Over<FONT>-allotment</FONT>
involves sales by the underwriters of shares in excess of the number of shares the underwriters are obligated to purchase, which creates
a syndicate short position. The short position may be either a covered short position or a naked short position. In a covered short position,
the number of shares over<FONT>-allotted</FONT> by the underwriters is not greater than the number of shares that they may purchase in
the over<FONT>-allotment</FONT> option. In a naked short position, the number of shares involved is greater than the number of shares
in the over<FONT>-allotment</FONT> option. The underwriters may close out any covered short position by either exercising their over<FONT>-allotment</FONT>
option and/or purchasing shares in the open market. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Syndicate
covering transactions involve purchases of common stock in the open market after the distribution has been completed in order to cover
syndicate short positions. In determining the source of shares to close out the short position, the underwriters will consider, among
other things, the price of shares available for purchase in the open market as compared to the price at which they may purchase shares
through the over<FONT>-allotment</FONT> option. If the underwriters sell more shares than could be covered by the over<FONT>-allotment</FONT>
option, a naked short position, the position can only be closed out by buying shares in the open market. A naked short position is more
likely to be created if the underwriters are concerned that there could be downward pressure on the price of the shares in the open market
after pricing that could adversely affect investors who purchase in the offering. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Penalty
bids permit the representatives to reclaim a selling concession from a syndicate member when the shares of common stock originally sold
by the syndicate member is purchased in a stabilizing or syndicate covering transaction to cover syndicate short positions. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">These
stabilizing transactions, syndicate covering transactions and penalty bids may have the effect of raising or maintaining the market price
of our common stock or preventing or retarding a decline in the market price of the common stock. As a result, the price of our common
stock may be higher than the price that might otherwise exist in the open market. These transactions may be effected on The Nasdaq Capital
Market or otherwise and, if commenced, may be discontinued at any time.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
prospectus in electronic format may be made available on the web sites maintained by one or more of the underwriters, or selling group
members, if any, participating in this offering and one or more of the underwriters participating in this offering may distribute prospectuses
electronically. The representatives may agree to allocate a number of units (shares of common stock and warrants) to underwriters and
selling group members for sale to their online brokerage account holders. Internet distributions will be allocated by the underwriters
and selling group members that will make internet distributions on the same basis as other allocations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Con&fllig;icts
of Interest</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
underwriters and their respective affiliates are full<FONT>-service</FONT> financial institutions engaged in various activities, which
may include securities trading, commercial and investment banking, financial advisory, investment management, investment research, principal
investment, hedging, financing and brokerage activities. Certain of the underwriters and their respective affiliates have, from time to
time, performed, and may in the future perform, various financial advisory and investment banking services for us, for which they received
or will receive customary fees and expenses.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
underwriters do not expect to sell more than 5% of the shares in the aggregate to accounts over which they exercise discretionary authority.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Nasdaq
Listing</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have applied to list our common stock on The Nasdaq Capital Market under the symbol &ldquo;NXL&rdquo; and the warrants under the symbol
&ldquo;NXLIW&rdquo;.&rdquo;</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">132</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Selling
Restrictions</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">General</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Other
than in the United States, no action has been taken by us or the underwriters that would permit a public offering of the securities offered
by this prospectus in any jurisdiction where action for that purpose is required. The securities offered by this prospectus may not be
offered or sold, directly or indirectly, nor may this prospectus or any other offering material or advertisements in connection with the
offer and sale of any such securities be distributed or published in any jurisdiction, except under circumstances that will result in
compliance with the applicable rules and regulations of that jurisdiction. Persons into whose possession this prospectus comes are advised
to inform themselves about and to observe any restrictions relating to the offering and the distribution of this prospectus. This prospectus
does not constitute an offer to sell or a solicitation of an offer to buy any securities offered by this prospectus in any jurisdiction
in which such an offer or a solicitation is unlawful.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Canada</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Shares
of our common stock may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors,
as defined in National Instrument 45<FONT>-106</FONT> Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario), and
are permitted clients, as defined in National Instrument 31<FONT>-103</FONT> Registration Requirements, Exemptions and Ongoing Registrant
Obligations. Any resale of the shares must be made in accordance with an exemption from, or in a transaction not subject to, the prospectus
requirements of applicable securities laws.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Securities
legislation in certain provinces or territories of Canada may provide a purchaser with remedies for rescission or damages if this prospectus
(including any amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by
the purchaser within the time limit prescribed by the Securities legislation of the purchaser&rsquo;s province or territory. The purchaser
should refer to any applicable provisions of the Securities legislation of the purchaser&rsquo;s province or territory for particulars
of these rights or consult with a legal advisor. Pursuant to section 3A<FONT>-3</FONT> of National Instrument 33<FONT>-105</FONT> <FONT STYLE="font-style: italic; font-weight: normal">Underwriting
Con&fllig;icts </FONT>(NI 33<FONT>-105</FONT>), the underwriters are not required to comply with the disclosure requirements of NI 33<FONT>-105</FONT>
regarding underwriters con&fllig;icts of interest in connection with this offering.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">United
Kingdom</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
document is only being distributed to and is only directed at persons who are &ldquo;qualified investors&rdquo; (as defined in the Prospectus
Directive) who are (i) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, or the Order, (ii) high net worth entities, and (iii) other persons to
whom it may lawfully be communicated, falling with Article 49(2)(a) to (d) of the Order (all such persons together being referred to as
&ldquo;relevant persons&rdquo;). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with, relevant persons. This document and its contents are confidential and
should not be distributed, published or reproduced (in whole or in part) or disclosed by any recipients to any other person in the United
Kingdom. Any person who is not a relevant person should not act or rely on this document or any of its contents.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">European
Economic Area</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
relation to each Member State of the European Economic Area that has implemented the Prospectus Directive (each, a &ldquo;Relevant Member
State&rdquo;), an offer to the public of any securities described in this prospectus may not be made in that Relevant Member State, except
that an offer to the public in that Relevant Member State of any ordinary shares may be made at any time under the following exemptions
under the Prospectus Directive if they have been implemented in that Relevant Member State:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
any legal entity which is a qualified investor as defined in the Prospectus Directive;</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;to
fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive) per Relevant Member State,
subject to obtaining the prior consent of the underwriters; or</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in
any other circumstances falling within Article 3(2) of the Prospectus Directive;</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">133</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">provided
that no such offer of securities described in this prospectus shall result in a requirement for the publication by us or any underwriter
of a prospectus pursuant to Article 3 of the Prospectus Directive or a supplemental prospectus pursuant to Article<FONT> </FONT>16, of
the Prospectus Directive or any measure implementing the Prospectus Directive in a Relevant Member State and each person who initially
acquires any securities or to whom any offer is made on the basis of (a) above will be deemed to have represented, acknowledged and agreed
that it is a &ldquo;qualified investor&rdquo; within the meaning of Article 2(1)(e) of this Prospectus Directive.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
the purposes of this provision, the expression an &ldquo;offer of securities to the public&rdquo; in relation to any securities in any
Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the
securities to be offered so as to enable an investor to decide to purchase or subscribe for the securities, as the same may be varied
in that Member State by any measure implementing the Prospectus Directive in that Relevant Member State. The expression &ldquo;Prospectus
Directive&rdquo; means Directive 2003/71/EC (as amended, including by Directive 2010/73/EU) and includes any relevant implementing measure
in each Relevant Member State.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Switzerland</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange, or the SIX, or on any other stock
exchange or regulated trading facility in Switzerland. This document has been prepared without regard to the disclosure standards for
issuance prospectuses under art. 652a or art. 1156 of the Swiss Code of Obligations or the disclosure standards for listing prospectuses
under art. 27 ff. of the SIX Listing Rules or the listing rules of any other stock exchange or regulated trading facility in Switzerland.
Neither this prospectus nor any other offering or marketing material relating to the shares or the offering may be publicly distributed
or otherwise made publicly available in Switzerland.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Neither
this prospectus nor any other offering or marketing material relating to the offering, the Company, or the shares have been or will be
filed with or approved by any Swiss regulatory authority. In particular, this document will not be filed with, and the offer of shares
will not be supervised by, the Swiss Financial Market Supervisory Authority FINMA, and the offer of shares has not been and will not be
authorized under the Swiss Federal Act on Collective Investment Schemes, or the CISA. The investor protection afforded to acquirers of
interests in collective investment schemes under the CISA does not extend to acquirers of shares.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">China</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
prospectus does not constitute a public offer of the shares offered by this prospectus, whether by sale or subscription, in China. The
shares are not being offered or sold directly or indirectly in China to or for the benefit of, legal or natural persons of the PRC.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Further,
no legal or natural persons of China may directly or indirectly purchase any of the shares without obtaining all prior Chinese governmental
approvals that are required, whether statutorily or otherwise. Persons who come into possession of this prospectus are required by the
issuer and its representatives to observe these restrictions.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Hong
Kong</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
shares may not be offered or sold by means of any document other than (i) in circumstances which do not constitute an offer to the public
within the meaning of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap.32, Laws of Hong Kong), or (ii) to &ldquo;professional
investors&rdquo; within the meaning of the Securities and Futures Ordinance (Cap.571, Laws of Hong Kong) and any rules made thereunder,
or (iii) in other circumstances which do not result in the document being a &ldquo;prospectus&rdquo; within the meaning of the Companies
(Winding Up and Miscellaneous Provisions) Ordinance (Cap.32, Laws of Hong Kong), and no advertisement, invitation or document relating
to the shares may be issued or may be in the possession of any person for the purpose of issue (in each case whether in Hong Kong or elsewhere),
which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do
so under the laws of Hong Kong) other than with respect to shares which are or are intended to be disposed of only to persons outside
Hong Kong or only to &ldquo;professional investors&rdquo; within the meaning of the Securities and Futures Ordinance (Cap. 571, Laws of
Hong Kong) and any rules made thereunder.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">134</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Singapore</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">This
prospectus has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this prospectus and any other
document or material in connection with the offer or sale, or invitation for subscription or purchase, of the shares may not be circulated
or distributed, nor may the shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly
or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 274 of the Securities and Futures Act,
Chapter 289 of Singapore (the &ldquo;SFA&rdquo;), (ii) to a relevant person, or any person pursuant to Section 275(1A), and in accordance
with the conditions, specified in Section 275 of the SFA or (iii) otherwise pursuant to, and in accordance with the conditions of, any
other applicable provision of the SFA.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Where
the shares are subscribed or purchased under Section 275 by a relevant person which is: (a) a corporation (which is not an accredited
investor) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals,
each of whom is an accredited investor; or (b) a trust (where the trustee is not an accredited investor) whose sole purpose is to hold
investments and each beneficiary is an accredited investor, shares, debentures and units of shares and debentures of that corporation
or the beneficiaries&rsquo; rights and interest in that trust shall not be transferable for 6<FONT> </FONT>months after that corporation
or that trust has acquired the shares under Section 275 except: (1) to an institutional investor under Section 274 of the SFA or to a
relevant person, or any person pursuant to Section 275(1A), and in accordance with the conditions, specified in Section 275 of the SFA;
(2)&nbsp;where no consideration is given for the transfer; or (3) by operation of law.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: bold">Japan</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
securities have not been and will not be registered under the Financial Instruments and Exchange Law of Japan (the Financial Instruments
and Exchange Law) and each underwriter has agreed that it will not offer or sell any securities, directly or indirectly, in Japan or to,
or for the benefit of, any resident of Japan (which term as used herein means any person resident in Japan, including any corporation
or other entity organized under the laws of Japan), or to others for re<FONT>-offering</FONT> or resale, directly or indirectly, in Japan
or to a resident of Japan, except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the
Financial Instruments and Exchange Law and any other applicable laws, regulations and ministerial guidelines of Japan.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">135</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T20"></A><FONT STYLE="font-style: normal; font-weight: bold">LEGAL
MATTERS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
validity of the shares being offered by this prospectus will be passed upon for us by Warshaw Burstein, LLP. Certain legal matters related
to this offering will be passed upon for the underwriters by Nelson Mullins Riley &amp; Scarborough LLP.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T21"></A><FONT STYLE="font-style: normal; font-weight: bold">EXPERTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
consolidated financial statements as of December<FONT> </FONT>31, 2021 and 2020, and for the years then ended, have been included herein
and in the registration statement in reliance upon the report of Friedman, LLP, independent registered public accounting firm, appearing
elsewhere herein, and upon the authority of said firm as experts in accounting and auditing.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
audit report covering the December<FONT> </FONT>31, 2021 and 2020 consolidated financial statements contains an explanatory paragraph
that states that the Company&rsquo;s recurring losses and negative cash &fllig;ows from operations raise substantial doubt about the entity&rsquo;s
ability to continue as a going concern prior to this offering. The consolidated financial statements do not include any adjustments that
might result from the outcome of that uncertainty.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><A NAME="T22"></A><FONT STYLE="font-style: normal; font-weight: bold">WHERE
YOU CAN FIND ADDITIONAL INFORMATION</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have filed with the SEC a registration statement on Form S<FONT>-1</FONT> under the Securities Act, with respect to the shares of common
stock being offered by this prospectus. This prospectus, which constitutes part of the registration statement, does not contain all the
information in the registration statement and its exhibits. For further information with respect to our company and the shares offered
by this prospectus, we refer you to the registration statement and its exhibits. Statements contained in this prospectus as to the contents
of any contract or any other document referred to are not necessarily complete, and in each instance, we refer you to the copy of the
contract or other document filed as an exhibit to the registration statement. Each of these statements is qualified in all respects by
this reference.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">You
may read our SEC filings, including the registration statement, over the internet at the SEC&rsquo;s website at <FONT STYLE="font-style: italic; font-weight: normal">w</FONT><FONT STYLE="font-style: italic; font-weight: normal">ww.sec.g</FONT><FONT STYLE="font-style: italic; font-weight: normal">ov</FONT>.
You may also read and copy any document we file with the SEC at its public reference room at 100 F Street, N.E., Room 1580, Washington,
D.C. 20549. You may also obtain copies of these documents at prescribed rates by writing to the Public Reference Section of the SEC at
100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1<FONT>-800-SEC-0330</FONT> for further information on the operation
of the public reference facilities.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Upon
completion of this offering, we will be subject to the information reporting requirements of the Exchange Act, and we will file reports,
proxy statements and other information with the SEC. These reports, proxy statements and other information will be available for inspection
and copying at the public reference room and website of the SEC referred to above. We also maintain a website at <FONT STYLE="font-style: italic; font-weight: normal">www.nexalin.com</FONT>,
at which you may access these materials free of charge as soon as reasonably practicable after they are electronically filed with, or
furnished to, the SEC. The information contained in, or that can be accessed through, our website is not part of, and is not incorporated
into, this prospectus.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">136</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T23"></A><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. <BR>FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline">TABLE
OF CONTENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt">FOR
THE YEARS ENDED DECEMBER 31, 2021 AND 2020</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">For
        the Years Ended December 31, 2021 and 2020</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Page</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T501">Report
        of Independent Registered Public Accounting Firm (PCAOB Firm ID: 711)</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center">F-2</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T502">Consolidated
        Balance Sheets at December 31, 2021 and 2020</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center">F-3</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T503">Consolidated
        Statements of Operations for the Years Ended December 31, 2021 and 2020</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center">F-4</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T504">Consolidated
        Statements of Stockholders&rsquo; Deficit for the Years Ended December 31, 2021 and 2020</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center">F-5</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T505">Consolidated
        Statements of Cash Flows for the Years Ended December 31, 2021 and 2020</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center">F-6</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T506">Notes
        to Consolidated Financial Statements for the Years Ended December 31, 2021 and 2020</A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center">F-7</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"> FOR
THE SIX MONTHS ENDED JUNE 30, 2022 AND 2021 </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">For
        the </FONT><FONT STYLE="font-style: normal; font-weight: bold">Six</FONT><FONT STYLE="font-style: normal; font-weight: bold"> Months Ended
        </FONT><FONT STYLE="font-style: normal; font-weight: bold">June 30</FONT><FONT STYLE="font-style: normal; font-weight: bold">, 2022 and
        2021</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Page</FONT> </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T1001"> Condensed
        Consolidated Balance Sheets at June 30, (unaudited) and December 31, 2021 </A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> F-24 </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T1002"> Condensed
        Consolidated Statements of Operations for the Six Months Ended June 30, 2022 and 2021 (unaudited) </A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> F-25 </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T1003"> Condensed
        Consolidated Statements of Stockholders&rsquo; Deficit for the Six Months Ended June 30, 2022 and 2021 (unaudited) </A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> F-26 </P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T1004"> Condensed
        Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2022 and 2021 (unaudited) </A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> F-27 </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 91.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><A HREF="#T1005"> Notes
        to Condensed Consolidated Financial Statements for the Six Months Ended June 30, 2022 and 2021 (unaudited) </A></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 7.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; text-align: center"> F-28 </P>
        </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-1</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T501"></A><FONT STYLE="font-style: normal; font-weight: bold">REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">To
the Board of Directors and Stockholders of Nexalin Technology, Inc. and Subsidiary</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Opinion
on the Consolidated Financial Statements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have audited the accompanying consolidated balance sheets of Nexalin Technology, Inc. and Subsidiary (the &ldquo;Company&rdquo;) as of
December<FONT> </FONT>31, 2021 and 2020 and the related consolidated statements of operations, stockholders&rsquo; deficit, and cash flows
for the years ended December<FONT> </FONT>31, 2021 and 2020 and the related notes (collectively referred to as the consolidated financial
statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial
position of the Company as of December<FONT> </FONT>31, 2021 and 2020 and the results of its operations and its cash flows for the years
ended December<FONT> </FONT>31, 2021 and 2020, in conformity with accounting principles generally accepted in the United&nbsp;States of
America.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Substantial
Doubt about the Company&rsquo;s Ability to Continue as a Going Concern</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 2 to the consolidated financial statements, the Company has suffered recurring losses since inception and has a significant accumulated
deficit, which raise substantial doubt about its ability to continue as a going concern. Management&rsquo;s evaluation of the events and
conditions and management&rsquo;s plans regarding those matters are also described in Note 2. The consolidated financial statements do
not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified with respect to that matter.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Basis
for Opinion</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">These
consolidated financial statements are the responsibility of the Company&rsquo;s management. Our responsibility is to express an opinion
on the Company&rsquo;s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public
Company Accounting Oversight Board (United&nbsp;States) (PCAOB) and are required to be independent with respect to the Company in accordance
with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
conducted our audits in accordance with the standards of the PCAOB and in accordance with auditing standards generally accepted in the
United&nbsp;States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether
the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required
to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness
of the Company&rsquo;s internal control over financial reporting. Accordingly, we express no such opinion.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due
to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audits provide a reasonable basis for our opinion.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">/s/
Friedman LLP</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have served as the Company&rsquo;s auditor since 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Marlton,
New Jersey</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 0pt; margin-top: 0pt">April<FONT>
</FONT>7, 2022</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-2</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T502"></A><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>CONSOLIDATED BALANCE SHEETS</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2021</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">ASSETS</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Current
        Assets:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        661,778</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        78,436</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        receivable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">16,303</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">6,599</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Inventory</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">31,410</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">22,656</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Prepaid
        expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">43,168</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">9,194</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Current Assets</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">752,659</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">116,885</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Equipment,
        net of accumulated depreciation of $29,862 and $29,325, respectively</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,039</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,576</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Assets</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        753,698</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        118,461</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">LIABILITIES
        AND STOCKHOLDERS&rsquo; DEFICIT</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Current
        Liabilities:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        payable (includes related party of $399,320 and $299,320, respectively)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        843,794</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        461,161</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued
        expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">611,795</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">521,618</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Lease
        liability</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">40,845</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">36,973</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loan
        payable&nbsp;&ndash; shareholder</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">37,200</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">46,800</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loan
        payable&nbsp;&ndash; officer</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">200,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Note
        payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">500,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">500,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Deferred
        revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">130,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Current Liabilities</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,363,634</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,566,552</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Long-term
        Liabilities:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Lease
        liability&nbsp;&ndash; net of current portion</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">49,089</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">89,934</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">PPP
        Loan payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Device
        loan payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">24,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Convertible
        debt, net of discount of $- and $611, respectively</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,389</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Liabilities</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,435,639</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,708,791</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Commitments
        and Contingencies</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Stockholders&rsquo;
        Deficit:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Common
        stock, $0.001 par value; 100,000,000 shares authorized; 4,879,923 and 3,695,464 shares issued and outstanding, respectively</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,880</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,695</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Additional
        paid in capital</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">69,004,703</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">63,019,495</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accumulated
        deficit</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(70,691,524</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(64,613,520</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Stockholders&rsquo; Deficit</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(1,681,941</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(1,590,330</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Liabilities and Stockholders&rsquo; Deficit</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        753,698</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        118,461</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt">The
accompanying footnotes are an integral part of these consolidated financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-3</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T503"></A><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>CONSOLIDATED STATEMENTS OF OPERATIONS</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Year
        Ended</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2021</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Revenues,
        net</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        144,065</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        242,914</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cost
        of revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,442</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">29,039</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Gross
        profit</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">122,623</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">213,875</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        expenses:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Professional
        fees</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">697,063</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">299,187</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Salaries
        and benefits</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">228,738</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">137,847</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Selling,
        general and administrative</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,215,423</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,035,248</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        on impairment of right of use asst</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">37,047</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        operating expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">6,141,224</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,509,329</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        from operations</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(6,018,601</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(3,295,454</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Other
        income (expense):</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Interest
        expense, net</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(82,319</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(78,681</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        on extinguishment of debt</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(29,351</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">PPP
        loan forgiveness</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        other expense</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(59,403</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(108,032</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        loss</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (6,078,004</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (3,403,486</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        per Common Share&nbsp;&ndash; Basic and Diluted</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (1.43</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (0.95</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Weighted
        Average Shares Outstanding&nbsp;&ndash; Basic and Diluted</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,256,360</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,583,281</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt">The
accompanying footnotes are an integral part of these consolidated financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-4</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T504"></A><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS&rsquo; DEFICIT<BR>FOR THE YEARS ENDED DECEMBER 31,
2021 AND 2020</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="4" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 24.12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold"><BR>Common
        Stock</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Additional<BR>Paid-in<BR>Capital</FONT></P>
        </TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Accumulated<BR>Deficit</FONT></P>
        </TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.58%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Total<BR>Shareholders&rsquo;<BR>Deficit</FONT></P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Shares</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.34%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Amount</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Balance
        at January 1, 2020</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,135,927</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        3,136</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        60,027,527</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (61,210,034</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(1,179,371</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        issued for cash</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">312,850</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">312</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">883,768</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">884,080</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Warrants
        issued to investors</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">16,851</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">16,851</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        compensation</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">216,274</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">216</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,959,307</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,959,523</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Shares
        issued for conversion of <BR>debt</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">11,663</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">12</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">57,810</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">57,822</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Shares
        issued for exercise of <BR>warrants</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">16,250</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">16</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">61,734</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">61,750</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Shares
        issued for inducement</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,500</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">12,498</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">12,501</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        loss</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(3,403,486</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(3,403,486</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Balance
        as of December 31, 2020</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,695,464</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        3,695</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        63,019,495</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (64,613,520</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (1,590,330</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        issued for cash</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">297,099</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">297</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,433,470</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,433,767</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        compensation</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">865,861</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">865</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,464,670</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,465,535</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Shares
        issued for conversion of debt</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10,507</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">11</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">38,614</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">38,625</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Shares
        issued for exercise of warrants</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">8,492</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">9</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">35,957</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">35,966</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Shares
        issued for inducement</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,500</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">12,497</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">12,500</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        loss</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(6,078,004</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(6,078,004</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 31.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Balance
        as of December 31, 2021</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.5%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,879,923</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.64%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        4,880</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        69,004,703</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 9.69%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (70,691,524</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.17%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (1,681,941</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.7%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt">The
accompanying footnotes are an integral part of these consolidated financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-5</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T505"></A><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>CONSOLIDATED STATEMENTS OF CASH FLOWS</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Years
        Ended</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2021</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        flows from operating activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        Loss</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (6,078,004</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (3,403,486</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Adjustments
        to reconcile net loss to net cash used in operating activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        compensation</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,478,035</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,959,524</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Amortization
        of debt discount</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">8,824</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        on impairment of right of use asset</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">37,047</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        on extinguishment debt</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">29,351</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Depreciation</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">537</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">429</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Changes
        in operating assets and liabilities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        receivable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(9,704</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(909</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Prepaid
        assets</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(33,974</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">11,240</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Inventory</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(8,754</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(1,058</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        payable and accrued expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">382,633</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">525,987</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued
        expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">99,413</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Deferred
        revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">130,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Lease
        liability</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(36,973</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(30,423</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        cash used in operating activities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(1,076,791</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(863,474</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        flows from investing activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Purchases
        of property and equipment</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(648</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        cash used in investing activities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(648</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        flows from financing activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Sale
        of common stock for cash</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,433,767</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">884,082</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Proceeds
        from exercise of warrants</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">35,966</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">61,750</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Proceeds
        from PPP loans</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Payments
        on loan payable&nbsp;&ndash; shareholder</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(9,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(9,200</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Payments
        on device loans</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(32,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Proceeds
        from notes payable&nbsp;&ndash; officer</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">200,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Payments
        on notes payable&nbsp;&ndash; officer</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(48,417</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        cash provided by financing activities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,660,133</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">879,131</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        increase in cash and cash equivalents</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">583,342</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">15,009</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        and cash equivalents&nbsp;&ndash; beginning of year</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">78,436</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">63,427</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        and cash equivalents&nbsp;&ndash; end of year</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        661,778</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        78,436</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Supplemental
        cash flow information:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        paid for:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Interest</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        &mdash;</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        &mdash;</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Non-cash
        investing and financing activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Conversion
        of debt and accrued interest into common stock</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        38,625</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        57,822</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Right
        of use asset and lease liability recorded upon lease of additional space</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        &mdash;</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        37,047</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt">The
accompanying footnotes are an integral part of these consolidated financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-6</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T506"></A><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Note
1 &mdash; organization and business operations</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 9pt; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">Corporate
History</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Nexalin
Technology, Inc. (&ldquo;NV Nexalin&rdquo;) was formed on October<FONT> </FONT>19, 2010 as a Nevada corporation. The Company&rsquo;s principal
offices are located at 1776 Yorktown, Suite 550, Houston, Texas 77056.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
September<FONT> </FONT>6, 2019, Neuro<FONT>-Health</FONT> International, Inc. (&ldquo;Neuro<FONT>-Health</FONT>&rdquo;), a Nevada corporation,
a wholly<FONT>-owned</FONT> subsidiary of NV Nexalin, was formed. Neuro<FONT>-Health</FONT> had no activity during the years ended December<FONT>
</FONT>31, 2021 and 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
November<FONT> </FONT>22, 2021, NV Nexalin entered into an Agreement and Plan of Merger (the &ldquo;Merger Agreement&rdquo;) with Nexalin
Technology, Inc., a Delaware corporation (&ldquo;Nexalin&rdquo;, or the &ldquo;Company&rdquo;). Pursuant to the Merger Agreement, NV Nexalin
merged with and into Nexalin with all shareholders of NV Nexalin receiving one common share of Nexalin in exchange for twenty shares of
NV Nexalin held at the time of the Merger Agreement. NV Nexalin treated the transaction as a corporate reorganization with the historical
consolidated financial statements of NV Nexalin becoming the historical consolidated financial statements of Nexalin. Nexalin had nominal
assets and liabilities and did not conduct any operations prior to the reorganization other than its incorporation. NV Nexalin has retroactively
applied the 20<FONT>-for-1</FONT> exchange, effective on November<FONT> </FONT>22, 2021, to share and per share amounts on the consolidated
financial statements for the years ended December<FONT> </FONT>31, 2021 and 2020. NV Nexalin&rsquo;s authorized shares of common stock
was not affected as a result of the Merger. As a result of the Merger, NV Nexalin was dissolved and Neuro<FONT>-Health</FONT> became a
subsidiary of Nexalin.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Business
Overview</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company is a medical device company that designs and develops innovative neurostimulation products to help uniquely and effectively combat
the ongoing global mental health epidemic. The Company currently licenses and markets a Federal Drug Administration approved non<FONT>-invasive</FONT>
and drug<FONT>-free</FONT> therapy for the treatment of anxiety and insomnia (the &ldquo;Nexalin Device&rdquo; or &ldquo;Nexalin Therapy&rdquo;
and, collectively, &ldquo;Nexalin&rdquo;). The Nexalin Device emits a patented, frequency<FONT>-based</FONT> waveform that has been proven
to be highly effective in stimulating a positive response from the mid<FONT>-brain</FONT> structures associated with various mental health
disorders. The Company&rsquo;s design of an advanced waveform that is safely administered to the human brain is the basis of the Company&rsquo;s
treatment and the evolution of its business strategy.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
2 &mdash; GOING CONCERN AND LIQUIDITY</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
accompanying consolidated financial statements have been prepared on the basis that the Company will continue as a going concern, which
contemplates realization of assets and the satisfaction of liabilities in the normal course of business. At December<FONT> </FONT>31,
2021, the Company had a significant accumulated deficit of approximately $71,000,000 and a working capital deficit of approximately $1,611,000.
For the year ended December<FONT> </FONT>31, 2021, the Company had a loss from operations of approximately $6,019,000 and negative cash
flows from operations of approximately $1,100,000. The Company&rsquo;s operating activities consume the majority of its cash resources.
The Company will continue to promote its services to existing and potential customers, but it anticipates that it will continue to incur
operating losses as it executes its development plans through 2022, as well as other potential strategic and business development initiatives.
In addition, the Company has had and expects to have negative cash flows from operations, at least into the near future. The Company previously
funded these losses primarily through the sale of equity and issuance of convertible notes. The accompanying consolidated financial statements
do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
intends to raise funds through an Initial Public Offering in 2022. Management believes that the actions presently being taken to further
implement its business plan will enable the Company to continue as a going concern. While the Company believes in its viability to raise
additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon
the Company&rsquo;s ability to further implement its business plan and raise additional funds through an Initial Public Offering or otherwise.</P>
</DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-7</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
2 &mdash; GOING CONCERN AND LIQUIDITY</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Although
no assurances can be given as to the Company&rsquo;s ability to deliver on its revenue plans or that unforeseen expenses may arise, management
believes that the revenue to be generated from operations, together with the potential closing of the Initial Public Offering in the near
term, will provide the necessary funding for the Company to continue as a going concern. Management cannot guarantee any such Initial
Public Offering will be available on favorable terms. As such, these matters raise substantial doubt about the Company&rsquo;s ability
to continue as a going concern for a period of twelve months from the issue date of this report. If adequate funds are not available on
acceptable terms, or at all, the Company will need to curtail operations or cease operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3 &mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Basis
of Presentation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United&nbsp;States
of America (&ldquo;GAAP&rdquo;). The summary of significant accounting policies presented below is designed to assist in understanding
the Company&rsquo;s financial statements. Such financial statements and accompanying notes are the representations of Company&rsquo;s
management, who is responsible for their integrity and objectivity.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Principles
of Consolidation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
consolidated financial statements include the accounts of Nexalin and its wholly<FONT>-owned</FONT> subsidiary Neuro<FONT>-Health</FONT>.
Intercompany accounts and transactions have been eliminated in consolidation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Use
of Estimates</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the
reported amounts of assets, liabilities, equity<FONT>-based</FONT> transactions, revenue and expenses and disclosure of contingent liabilities
at the date of the financial statements. The Company bases its estimates and assumptions on historical experience, known or expected trends
and various other assumptions that it believes to be reasonable. As future events and their effects cannot be determined with precision,
actual results could differ from these estimates which may cause the Company&rsquo;s future results to be affected.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Revenue</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company recognizes revenue when its performance obligations with its customers have been satisfied. At contract inception, the Company
determines if the contract is within the scope of ASC Topic 606 and then evaluates the contract using the following five steps: (1)&nbsp;identify
the contract with the customer; (2)&nbsp;identify the performance obligations; (3)&nbsp;determine the transaction price; (4)&nbsp;allocate
the transaction price to the performance obligations; and (5)&nbsp;recognize revenue when (or as) the entity satisfies a performance obligation.
The Company only recognizes revenue to the extent that it is probable that a significant revenue reversal will not occur in a future period.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company enters into licensing and treatment fee agreements with its customers for the use of the Nexalin Device in their practices. These
agreements generally have terms of one year with automatic renewal if certain requirements are met and amounts due per these agreements
are billed monthly. The Company also sells products related to the provision of services.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Revenue
Streams</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company derives revenues from its license agreements by charging a monthly licensing fee for the duration of the agreement. The Company
derives revenues from equipment by selling additional individual electrodes to customers for use with the Nexalin Device.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-8</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3 &mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Performance
Obligations</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
identified that subsequent licensing revenue has one performance obligation. That performance obligation is satisfied as long as the licensing
contract is remains valid and is not terminated. The licensing revenue is invoiced monthly and is recognized at a point in time in which
the invoice is sent to the customer.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
identified that the Company&rsquo;s equipment revenue has one performance obligation. That performance obligation is satisfied when the
electrodes are delivered to the customer. The Company recognizes revenue at a point in time in which the electrodes are delivered to the
customer. The Company does not offer a warranty on the electrodes and there have been no returns of equipment during the years ended December<FONT>
</FONT>31, 2021 and 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
identified that treatment fee revenue has one performance obligation. The performance obligation is satisfied upon the completion of individual
treatments on patients by customers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Practical
Expedients</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
part of ASC 606, the Company has adopted several practical expedients including:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Significant
Financing Component &mdash; the Company does not adjust the promised amount of consideration for the effects of a significant financing
component since the Company expects, at contract inception, that the period between when the Company transfers a promised goods or services
to the customer and when the customer pays for that service will be one year or less.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Unsatisfied
Performance Obligations &mdash; all performance obligations related to contracts with a duration of less than one year, the Company has
elected to apply the optional exemption provided in ASC Topic 606 and therefore, is not required to disclose the aggregate amount of the
transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Shipping
and Handling Activities &mdash; the Company elected to account for shipping and handling activities as a fulfilment cost rather than as
a separate performance obligation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Right
to invoice &mdash; the Company has a right to consideration from a customer in an amount that corresponds directly with the value to the
customer of the Company&rsquo;s performance completed to date the Company may recognize revenue in the amount to which the entity has
a right to invoice.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Disaggregated
Revenues</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Revenue
consists of the following by service offering for the year ended December<FONT> </FONT>31, 2021:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Licensing
        Fee</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Equipment</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Other</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Total</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 16.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">102,910</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">39,530</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,625</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">144,065</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
        </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Revenue
consists of the following by service offering for the year ended December<FONT> </FONT>31, 2020:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Licensing
        Fee</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Equipment</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Other</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Total</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 16.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">116,178</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">125,770</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">966</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">242,914</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
        </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline">Contract
Modifications</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
were no contract modifications during the years ended December<FONT> </FONT>31, 2021 and 2020. Contract modifications are not routine
in the performance of the Company&rsquo;s contracts.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-9</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3 &mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Deferred
Revenue</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company receives payment for equipment and devices in advance of shipping. The Company recognizes the revenue as being earned upon delivery.
Deferred revenue of $130,000 and $- was recognized as of December<FONT> </FONT>31, 2021 and 2020, respectively.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Deferred<BR></FONT><FONT STYLE="font-style: normal; font-weight: bold">Revenue</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at January 1, 2021</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Recognized</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">130,000</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Transferred
        to revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at December 31, 2021</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">130,000</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Cash
and Cash Equivalents</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Accounts
Receivable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Accounts
receivable are reported at their outstanding unpaid principal balances, net of allowances for doubtful accounts. The Company periodically
assesses its accounts and other receivables for collectability on a specific identification basis. The Company provides for allowances
for doubtful receivables based on management&rsquo;s estimate of uncollectible amounts considering age, collection history, and any other
factors considered appropriate. Payments are generally due within 30&nbsp;days of invoice. The Company writes off accounts receivable
against the allowance for doubtful accounts when a balance is determined to be uncollectible. The Company did not record and allowance
for doubtful accounts at December<FONT> </FONT>31, 2021 and 2020, respectively.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Inventory</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Inventory
consists of finished goods stated at the lower of costs or net realizable value with cost determined on a first<FONT>-in</FONT> first<FONT>-out</FONT>
basis. The Company reviews the composition of inventory at each reporting period in order to identify obsolete, slow<FONT>-moving</FONT>,
quantities in excess of demand, or otherwise non<FONT>-saleable</FONT> items. The Company did not record a reserve for obsolete inventory
at December<FONT> </FONT>31, 2021 and 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Equipment</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Equipment
are recorded at cost. Depreciation is computed using straight<FONT>-line</FONT> method over the estimated useful lives of the related
assets, generally five years. Expenditures that enhance the useful lives of the assets are capitalized and depreciated.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Maintenance
and repairs are charged to expense as incurred. At the time of retirement or other disposition of equipment, the cost and accumulated
depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Impairment
of Long-Lived Assets</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company reviews long<FONT>-lived</FONT> assets, including definite<FONT>-lived</FONT> intangible assets, for impairment whenever events
or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is
determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount.
If the operation is determined to be unable to recover the carrying amount of its assets, then these assets are written down first, followed
by other long<FONT>-lived</FONT> assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised
values, depending on the nature of the assets.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-10</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3 &mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Advertising
and Marketing Costs</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company expenses advertising and marketing costs as they are incurred. Advertising and marketing expenses were $35,487 and $10,710 for
the years ended December<FONT> </FONT>31, 2021 and 2020, respectively, and are recorded in selling, general and administrative expenses
on the statement of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Income
Taxes</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company follows the asset and liability method of accounting for income taxes under ASC 740, &ldquo;Income Taxes.&rdquo; Deferred tax
assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or
settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included
the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">ASC
740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions
taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be
sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits
as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December<FONT>
</FONT>31, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or
material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Fair
Value Measurements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
defined in ASC 820, <FONT STYLE="font-style: italic; font-weight: normal">Fair Value Measurements and Disclosures</FONT>, fair value is
the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the
asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can
be readily observable, market corroborated, or generally unobservable. ASC 820 establishes a fair value hierarchy that prioritizes the
inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical
assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). This fair value measurement
framework applies at both initial and subsequent measurement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Level
        1:</P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 89.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Quoted
        prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which
        transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; vertical-align: top; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">Level
        2:</P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; vertical-align: top; width: 89.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">Pricing
        inputs are other than quoted prices in active markets included in Level<FONT> </FONT>1, which are either directly or indirectly observable
        as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These
        models are primarily industry<FONT>-standard</FONT> models that consider various assumptions, including quoted forward prices for commodities,
        time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other relevant economic
        measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be
        derived from observable data or are supported by observable levels at which transactions are executed in the marketplace.</P> </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-11</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3 &mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Level
        3:</P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 89.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Pricing
        inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally
        developed methodologies that result in management&rsquo;s best estimate of fair value. The significant unobservable inputs used in the
        fair value measurement for nonrecurring fair value measurements of long<FONT>-lived</FONT> assets include pricing models, discounted cash
        flow methodologies and similar techniques.</P> </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Fair
Value of Financial Instruments</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
carrying value of cash, accounts receivable, inventory, accounts payable and accrued expenses, and other current liabilities approximate
their fair values based on the short<FONT>-term</FONT> maturity of these instruments. The carrying amount of the loans payable approximates
the estimated fair value for this financial instrument as management believes that such debt and interest payable on the note approximates
the Company&rsquo;s incremental borrowing rate.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Net
Loss per Common Share</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Net
loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period.
The dilutive effect, if any, of warrants is calculated using the treasury stock method. All outstanding convertible notes are considered
common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if<FONT>-converted</FONT> method. Since
the effect of common stock equivalents is anti<FONT>-dilutive</FONT> with respect to losses, the warrants and shares issuable upon conversion
have been excluded from the Company&rsquo;s computation of net loss per common share for the years ended December<FONT> </FONT>31, 2021
and 2020. At December<FONT> </FONT>31, 2020, the Company had approximately 189,925<FONT> </FONT>shares of common stock yet to be issued.
These shares were included in the basic and diluted net loss per common share on the consolidated statements of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table summarizes the securities that would be excluded from the diluted per share calculation because the effect of including
these potential shares was antidilutive due to the Company&rsquo;s net loss position even though the exercise price could be less than
the most recent fair value of the common shares:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Year
        Ended December 31,</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-top-width: 0pt; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">2021</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-top-width: 0pt; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">2020</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Warrants</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">67,071</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Convertible
        notes</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,412</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">68,483</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Stock-Based
Compensation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company applies the provisions of ASC 718, <FONT STYLE="font-style: italic; font-weight: normal">Compensation &mdash; Stock Compensation</FONT>
(&ldquo;ASC 718&rdquo;), which requires the measurement and recognition of compensation expense for all stock<FONT>-based</FONT> awards
made to employees, including employee stock options, in the statements of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
stock options issued to employees and members of the board of directors for their services, the Company estimates the grant date fair
value of each option using the Black<FONT>-Scholes</FONT> option pricing model. The use of the Black<FONT>-Scholes</FONT> option pricing
model requires management to make assumptions with respect to the expected term of the option, the expected volatility of the common stock
consistent with the expected life of the option, risk<FONT>-free</FONT> interest rates and expected dividend yields of the common stock.
For awards subject to service<FONT>-based</FONT> vesting conditions, including those with a graded vesting schedule, the Company recognizes
stock<FONT>-based</FONT> compensation expense equal to the grant date fair value of stock options on a straight<FONT>-line</FONT> basis
over the requisite service period, which is generally the vesting term. Forfeitures are recorded as they are incurred as opposed to being
estimated at the time of grant and revised. Due to the Company&rsquo;s limited history and lack of public market for its common stock,
the Company used the average of historical share prices of similar companies within its industry to calculate volatility for use in the
Black<FONT>-Scholes</FONT> option pricing model.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-12</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3 &mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Pursuant
to ASU 2018<FONT>-07</FONT> Compensation&nbsp;&mdash; Stock Compensation (Topic 718): Improvements to Non<FONT>-employee</FONT> Share<FONT>-Based</FONT>
Payment Accounting, the Company accounts for stock options issued to non<FONT>-employees</FONT> for their services in accordance with
ASC 718. The Company uses valuation methods and assumptions to value the stock options that are in line with the process for valuing employee
stock options noted above.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Research
and Development</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">All
research and development costs are charged to operations as incurred.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Leases</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
accordance with ASC 842, <FONT STYLE="font-style: italic; font-weight: normal">Leases</FONT>, the Company recognized a right<FONT>-of-use</FONT>
(&ldquo;ROU&rdquo;) asset and corresponding lease liability on its balance sheets for its office space lease agreement. See Note 10 for
further discussion, including the impact on the Company&rsquo;s financial statements and related disclosures.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">ROU
assets include any prepaid lease payments and exclude any lease incentives and initial direct costs incurred. Lease expense for minimum
lease payments is recognized on a straight<FONT>-line</FONT> basis over the lease term. The lease terms may include options to extend
or terminate the lease if it is reasonably certain that the Company will exercise that option.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Leases
in which the Company is the lessee are comprised of office rental. All of the leases are classified as operating leases. The Company has
a lease agreement for office space with a remaining term of 2.08&nbsp;years as of December<FONT> </FONT>31, 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Paycheck
Protection Program</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company&rsquo;s policy is to account for the PPP loan (See Note 7) as debt. The Company will continue to record the loan as debt until
either (1)&nbsp;the loan is partially or entirely forgiven and the Company has been legally released, at which point the amount forgiven
will be recorded as income or (2)&nbsp;the Company pays off the loan.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Income
Taxes</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Deferred
tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit
carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in income in the period that includes the enactment date.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company utilizes ASC 740, <FONT STYLE="font-style: italic; font-weight: normal">Income Taxes</FONT>, which requires the recognition of
deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements
or tax returns. The Company accounts for income taxes using the asset and liability method to compute the differences between the tax
basis of assets and liabilities and the related financial amounts, using currently enacted tax rates. A valuation allowance is recorded
when it is &ldquo;more likely<FONT>-than-not</FONT>&rdquo; that a deferred tax assets will not be realized.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
uncertain tax positions that meet a &ldquo;more likely than not&rdquo; threshold, the Company recognizes the benefit of uncertain tax
positions in the financial statements. The Company&rsquo;s practice is to recognize interest and penalties, if any, related to uncertain
tax positions in income tax expense in the statements of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Recent
Accounting Pronouncements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
February&nbsp;2020, the FASB issued ASU 2020<FONT>-02</FONT>, Financial Instruments<FONT>-Credit</FONT> Losses (Topic 326) and Leases
(Topic 842) &mdash; Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No.&nbsp;119 and Update to SEC Section on Effective
Date Related to Accounting Standards Update No.&nbsp;2016<FONT>-02</FONT>, Leases (Topic 842), </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-13</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3 &mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">which
amends the effective date of the original pronouncement for smaller reporting companies. ASU 2016<FONT>-13</FONT> and its amendments will
be effective for the Company for interim and annual periods in fiscal years beginning after December<FONT> </FONT>15, 2022. The Company
believes the adoption will modify the way the Company analyzes financial instruments, but it does not anticipate a material impact on
results of operations. The Company is in the process of determining the effects adoption will have on its consolidated financial statements.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">All
other newly issued but not yet effective accounting pronouncements have been deemed to be not applicable or immaterial to the Company.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
4 &mdash; EQUIPMENT</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: justify; text-indent: 24pt; margin-top: 9pt">Equipment
consists of the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2021</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Computer
        equipment</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">28,866</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">28,866</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Furniture
        and fixtures</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,035</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,035</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">30,901</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">30,901</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Less:
        accumulated depreciation</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(29,862</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(29,325</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Equipment,
        net</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,039</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,576</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Total
depreciation expense for the years ended December<FONT> </FONT>31, 2021 and 2020 was $537 and $429, respectively.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
5 &mdash; ACCRUED EXPENSES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Accrued
expenses consist of the following amounts:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued
        interest</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">232,952</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">171,285</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued&nbsp;&ndash;
        other</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">42,843</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">14,333</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued
        settlement liabilities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">336,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">336,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">611,795</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">521,618</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Note
6 &mdash; NON-CONSOLIDATED JOINT VENTURE AND Related Party Transactions</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">Joint
Venture</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
September<FONT> </FONT>21, 2018, the Company entered into a joint venture agreement (the &ldquo;JV Agreement&rdquo;) with Wider Come Limited,
a China company (&ldquo;Wider&rdquo;) for the purpose of marketing, sale and distribution of the Company&rsquo;s proprietary devices for
the treatment of (i)&nbsp;anxiety, depression and insomnia (&ldquo;AD&amp;I&rdquo;) and (ii)&nbsp;Alzheimer&rsquo;s and dementia (&ldquo;A&amp;D&rdquo;)
in the applicable territories. Each of the parties to the joint venture will hold a 50% interest in the equity, profits and losses, shareholder
voting, management control and rights to use production capacity of the facility. As of December<FONT> </FONT>31, 2021, the joint venture
has not been established. The Company will provide a global exclusive technology license for AD&amp;I treatment to the JV and Wider will
contribute $5,000,000 in funding for the design and execution of Company approved clinical studies. In addition, Wider will receive a
one<FONT>-eighth</FONT> equity position in the company. The Company will also provide the Joint Venture (the &ldquo;JV&rdquo;) with a
license for exclusive distribution of its technology for the treatment of AD&amp;I in the applicable territories. The JV will be controlled
by an equally represented Board of Directors in which neither entity has sole decision<FONT>-making</FONT> ability over day<FONT>-to-day</FONT>
or significant operational decisions. As of the date of this report the $5,000,000 has not been funded. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-14</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Note
6 &mdash; NON-CONSOLIDATED JOINT VENTURE AND Related Party Transactions</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
May<FONT> </FONT>22, 2019, the Company entered into a supplementary agreement for the JV Agreement (the &ldquo;Supplementary Agreement&rdquo;).
Pursuant to the Supplementary Agreement, Wider was to fund the JV within thirty days of execution of the JV Agreement with $600,000 in
cash to be used for clinical trials in China. Within thirty days of the funding the Company was to issue 5% of the Company in non<FONT>-diluted</FONT>
common stock to Wider&rsquo;s shareholders. As of the date of this report the JV has yet to be formally established and therefore the
$600,000 has not been funded.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
April<FONT> </FONT>6, 2020, the Company entered into a three<FONT>-year</FONT> service agreement with Wider, pursuant to which Wider will
perform clinical trials associated with the formation of the JV. In consideration, the Company and certain designated Wider shareholders
have entered into stock issuance agreements for the issuance of 450,000<FONT> </FONT>shares of the Company&rsquo;s common stock, as a
result of the Supplementary Agreement, and simultaneously with the execution of this service agreement, Wider contributed $200,000 to
the Company. During the year ended December<FONT> </FONT>31, 2020, the Company has issued 150,000<FONT> </FONT>shares to affiliates of
Wider in satisfaction of the obligation. The fair value of the 150,000<FONT> </FONT>shares issued (less the contributed $200,000 in cash)
resulted in a charge to stock<FONT>-based</FONT> compensation of $550,000 and is recorded in selling, general and administrative expenses
on the statement of operations. The remaining 300,000<FONT> </FONT>shares will be issued in the following schedule upon Wider&rsquo;s
successful completion of the following milestones (i) 50% upon successful completion of the fourth of four clinical trials pursuant to
the terms and conditions of the service agreements and (ii) 50% upon all four trials being published in international medical journals
satisfactory to the Company. As of December<FONT> </FONT>31, 2021, these milestones have not been met.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">U.S.
Asian Consulting Group, LLC</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
May<FONT> </FONT>9, 2018, the Company entered into a five<FONT>-year</FONT> consulting agreement with U.S. Asian Consulting Group, LLC
(&ldquo;U.S. Asian&rdquo;). The two members of U.S. Asian are shareholders in the Company, with Marilyn Elson also being appointed Chief
Financial Officer on January<FONT> </FONT>11, 2022. Pursuant to the consulting agreement, U.S. Asian will provide consulting services
to the Company with regards to, among other things, corporate development and financing arrangements. The Company is to pay U.S. Asian
$10,000 per month for services rendered and, on October<FONT> </FONT>24, 2018, the Company issued 249,750<FONT> </FONT>shares of the Company&rsquo;s
common stock to U.S. Asian. The Company recorded consulting expenses related to the consulting agreement of $120,000 and $120,000 for
the years ended December<FONT> </FONT>31, 2021 and 2020, respectively, on the Company&rsquo;s statements of operations. For the years
ended December<FONT> </FONT>31, 2021 and 2020, U.S. Asian was owed $399,320 and $299,320, respectively, for accrued and unpaid services.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Pursuant
to the consulting agreement, U.S Asian&rsquo;s shares in the Company consist of an anti<FONT>-dilution</FONT> provision whereas U.S. Asian&rsquo;s
security holdings, during the term of the consulting agreement, shall remain at 10% of the Company&rsquo;s total number of issued and
outstanding shares of the Company&rsquo;s common stock, on a fully diluted basis. In March&nbsp;2021, the Company entered into an agreement
with U.S. Asian pursuant to which U.S. Asian waived and relinquished any rights of protection against dilution afforded to it, provided
such dilution results from a transaction that (i)&nbsp;imputes a pre<FONT>-money</FONT> valuation to the Company of not less than $7<FONT>
</FONT>million, (ii)&nbsp;raises not less than $7<FONT> </FONT>million, and (iii)&nbsp;imputes a post<FONT>-money</FONT> valuation to
the Company of not less than $25<FONT> </FONT>million. In exchange for the waiver and relinquishment of such rights, the Company issued
shares of the Company&rsquo;s common stock in an amount sufficient for U.S. Asian (together with its owners) to own an aggregate amount
of fifteen (15%) percent of the Company&rsquo;s issued and outstanding shares of common stock as of the date of issuance. On June<FONT>
</FONT>22, 2021, the Company issued 304,570<FONT> </FONT>shares of common stock in satisfaction of the waiver (See Note 8). On November<FONT>
</FONT>29, 2021, the Company issued an additional 217,500<FONT> </FONT>shares of common stock to U.S. Asian, with a fair value of $5.00
per share, in satisfaction of the waiver (See Note 8).</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
December<FONT> </FONT>22, 2021, the Company entered into a one<FONT>-year</FONT> agreement with Leonard Osser to serve on the Company&rsquo;s
Board of Advisors. The agreement may be extended for an additional one<FONT>-year</FONT> term upon agreement of both parties. As consideration,
the Company will issue $80,000 in shares of the Company&rsquo;s common stock to Mr.<FONT> </FONT>Osser (see Note 8&nbsp;&mdash; Stockholders&rsquo;
Equity&nbsp;&mdash; Shares To Be Issued). As of December<FONT> </FONT>31, 2021, these shares have yet to be issued.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-15</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Note
6 &mdash; NON-CONSOLIDATED JOINT VENTURE AND Related Party Transactions</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
January<FONT> </FONT>11, 2022, the Company entered into an employment agreement with Marilyn Elson to serve as Chief Financial Officer
of the Company for a three<FONT>-year</FONT> term with an option for the Company and Ms.&nbsp;Elson to extend the term for an additional
two years. Pursuant to the agreement, Ms.&nbsp;Elson is entitled to receive $360,000 in annual compensation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Loan
Payable &mdash; Officer</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
October<FONT> </FONT>11, 2019, the company received a $50,000 loan from the Company&rsquo;s Chief Executive Officer. The loan had a principal
of $50,000, an interest rate of 16.5%, and a maturity date of October<FONT> </FONT>11, 2020. The issuance of the loan resulted in an original
issuance discount of $9,833. Total amortization on the debt discount was $6,750 and $1,500 for the years ended December<FONT> </FONT>31,
2021 and 2020, respectively. The Company paid this loan in full during the year ended December<FONT> </FONT>31, 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
November<FONT> </FONT>1, 2021, the Company received $200,000 from the Company&rsquo;s Chief Executive Officer. The loan has a principal
of $200,000, an interest rate of 9%, and a maturity date of the earlier of (i)&nbsp;October<FONT> </FONT>31, 2022 or (ii)&nbsp;the date
of the consummation of the initial public offering. At December<FONT> </FONT>31, 2021, $200,000 was outstanding on the note.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Promissory
Notes</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
October<FONT> </FONT>19, 2018, the Company issued an on demand promissory note payable with the Company&rsquo;s Chairman of the Board
for $10,000 with interest to begin accruing on January<FONT> </FONT>1, 2020 at 5% per annum. Total interest expense on this note was $1,448
and $281 for the years ended December<FONT> </FONT>31, 2021 and 2020, respectively.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
October<FONT> </FONT>25, 2018, the Company entered in a promissory note payable with an accredited investor for $50,000 due on October<FONT>
</FONT>25, 2019. Pursuant to the note, the maturity date was extended to October<FONT> </FONT>25, 2020. The promissory note bears interest
at 100% per annum and the note holder was issued shares of the Company&rsquo;s common stock in lieu of interest. Total interest expense
related to this note was $50,000 and $41,667 for the years ended December<FONT> </FONT>31, 2021 and 2020, respectively. On October<FONT>
</FONT>7, 2020, the Company entered into a Letter of Agreement Addendum with the note holder, whereas, the Company agreed to make ten
monthly principal payments beginning November<FONT> </FONT>1, 2020 with the full principal amount to be paid in full by August<FONT> </FONT>31,
2021. In addition, if the full principal amount is not paid in full by August<FONT> </FONT>31, 2021 the Company issued an additional 2,500<FONT>
</FONT>shares of common stock to the noteholder. On November<FONT> </FONT>11, 2021, the Company entered into a Second Letter of Agreement
Addendum with the note holder, whereas, the Company agreed to continue making monthly payments beginning on December<FONT> </FONT>1, 2021.
During the years ended December<FONT> </FONT>31, 2021 and 2020, the Company paid $9,600 and $9,200, respectively, in cash towards the
outstanding principal. The amount outstanding at December<FONT> </FONT>31, 2021 and 2020, was $27,200 and $36,800.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
7 &mdash; CONVERTIBLE NOTES AND LOANS PAYABLE</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Convertible
Notes Payable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
of December<FONT> </FONT>31, 2020, convertible notes consist of the following amounts:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">12%
        Convertible note payable, due November 3, 2023</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">12%
        Convertible note payable, due February 4, 2024</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        convertible notes payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">6,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Debt
        discounts, unamortized</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(611</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        convertible notes payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,389</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Total
amortization expense was $58 and $2,074 for the years ended December<FONT> </FONT>31, 2021 and 2020, respectively. Holders of the above
convertible notes may convert at maturity date at a conversion price is 85% of the latest sale price per share.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-16</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
7 &mdash; CONVERTIBLE NOTES AND LOANS PAYABLE</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the following convertible notes were converted into shares of the Company&rsquo;s common
stock:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">12%
        Convertible note payable, issued on October 31, 2018</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">12%
        Convertible note payable, issued on November 29, 2018</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,500</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">12%
        Convertible note payable, issued on January 14, 2019</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">13,500</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
above convertible notes, prior to conversion, included gross debt discounts totaling $2,382 as of December<FONT> </FONT>31, 2020. Total
amortization expense related to these debt discounts was $1,862 the year ended December<FONT> </FONT>31, 2020. The above convertible notes,
principal and accrued interest, were converted into an aggregate of 3,222<FONT> </FONT>shares of the Company&rsquo;s common stock.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the Company issued an aggregate of 2,000<FONT> </FONT>shares of common stock to various
investors for the conversion of $6,000 and $2,000 in principal and interest, respectively. There are no convertible notes outstanding
at December<FONT> </FONT>31, 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Device
Loans Payable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
of December<FONT> </FONT>31, 2020, device loans payable consist of the following amounts:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31,<BR>2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">8%
        Notes payable, due April 22, 2023</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">16,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">8%
        Note payable, due April 23, 2023</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">8,000</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        device notes payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">24,000</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">At
various dates during the years ended December<FONT> </FONT>31, 2020, the Company and the note holders settled the individual device notes
in shares of the Company&rsquo;s common stock at a price range of $5.00 to $10.00 per share, resulting in $36,000 in outstanding principal
and approximately $948 in accrued interest being converted into an aggregate of 7,360<FONT> </FONT>shares of the Company&rsquo;s common
stock, respectively. Total interest expense for the above notes was approximately $1,925 for the years ended December<FONT> </FONT>31,
2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">At
various dates during the year ended December<FONT> </FONT>31, 2021, the Company and the note holders settled the individual device notes
in shares of the Company&rsquo;s common stock at a price range of $3.00 to $5.00 per share, resulting in $24,000 in outstanding principal
and $6,625 in accrued interest being converted into an aggregate of 8,507<FONT> </FONT>shares of the Company&rsquo;s common stock. Total
interest expense for the above notes was approximately $7,527 for the year ended December<FONT> </FONT>31, 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
device notes contain an operational bonus provisions, pursuant to which, until the individual device note is paid in full, the noteholder
will receive 10% of the income from the noteholders device location that is paid to the Company for the usage of that specific device.
For the years ended December<FONT> </FONT>31, 2021 and 2020, the Company did not pay out or record operational bonuses related to the
above device notes payable.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the Company issued 8,507<FONT> </FONT>shares of common stock to a note holder for the conversion
of $24,000 and $6,625 in principal and accrued interest, respectively. There are no device loans outstanding at December<FONT> </FONT>31,
2021.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-17</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
7 &mdash; CONVERTIBLE NOTES AND LOANS PAYABLE</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Loans
Payable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
May<FONT> </FONT>4, 2020, under the U.S. Small Business Administration&rsquo;s Paycheck Protection Program, the Company entered into a
note payable with a financial institution for $22,916 at an interest rate of 1% per annum and a maturity date of June<FONT> </FONT>22,
2022. Pursuant to the note, principal and interest payments are deferred for six months, which, at that time the Company may apply for
loan forgiveness. If the Company does not apply for loan forgiveness the Company will be required to make monthly payments of $1.299 starting
on December<FONT> </FONT>1, 2020. On June<FONT> </FONT>9, 2021, the Company applied for loan forgiveness on a timely basis, and on August<FONT>
</FONT>5, 2021 the total amount due of $22,916 had been forgiven. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
February<FONT> </FONT>4, 2021, under the U.S. Small Business Administration&rsquo;s Paycheck Protection Program, the Company entered into
a second note payable with a financial institution for $22,916 at an interest rate of 1% per annum and a maturity date of February<FONT>
</FONT>4, 2026. Pursuant to the note, principal and interest payments are deferred for ten months, which, at any time during the ten months
the Company may apply for loan forgiveness. If the Company does not apply for loan forgiveness the Company will be required to make monthly
payments of $458 starting on December<FONT> </FONT>1, 2021. On June<FONT> </FONT>9, 2021, the Company applied for loan forgiveness. As
of the issuance date of these consolidated financial statements the Company has not received a response regarding its loan forgiveness
application. At December<FONT> </FONT>31, 2021 $22,916 was outstanding.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Legacy
Ventures International, Inc.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
September<FONT> </FONT>11, 2017, the Company issued a promissory note (the &ldquo;Promissory Note&rdquo;) in favor of Legacy Ventures
International, Inc. (&ldquo;Legacy&rdquo;) as part of a commercial transaction with Legacy that was never consummated. The Promissory
Note was issued in the original principal amount of $500,000, with interest at 4% per annum and a maturity date of December<FONT> </FONT>31,
2017. As of December<FONT> </FONT>31, 2021, this promissory note is in default. The Company recorded $20,000 of interest expense for the
years ended December<FONT> </FONT>31, 2021 and 2020. The amount outstanding at December<FONT> </FONT>31, 2021 and 2020 was $500,000.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Note
8 &mdash; Stockholders&rsquo; Equity</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Equity
Transactions During the Period</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 162,850<FONT> </FONT>shares of common stock to various
investors for cash proceeds of $684,080.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 150,000<FONT> </FONT>shares of common stock to various
investors in the Company&rsquo;s JV for cash proceeds of $200,000 pursuant to a certain services agreement. The Company recorded the excess
fair value of $550,000 as stock compensation expense.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 216,274<FONT> </FONT>shares of common stock with a fair
value of $5.00 per share to various consultants for services rendered in lieu of cash for a compensation charge of $1,409,523.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the company issued an aggregate of 11,663<FONT> </FONT>shares of common stock to various
note holders for the conversion of debt.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 16,250<FONT> </FONT>shares of common stock as a result
of the exercise of warrants to various investors for cash proceeds of $61,750.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 2,500<FONT> </FONT>shares of common stock with a fair
value of $5.00 per share to a note holder as inducement.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the Company issued an aggregate of 297,099<FONT> </FONT>shares of common stock to various
investors for cash proceeds of $1,433,767.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-18</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Note
8 &mdash; Stockholders&rsquo; Equity</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the Company issued an aggregate of 865,861<FONT> </FONT>shares of common stock with a fair
value of $5.00 per share to various consultants for services rendered in lieu of cash for a compensation charge of $4,465,535.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the company issued an aggregate of 10,507<FONT> </FONT>shares of common stock to various
note holders for the conversion of debt.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the company issued an aggregate of 8,492<FONT> </FONT>shares of common stock to various
investors for the conversion of warrants.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the Company issued an aggregate of 2,500<FONT> </FONT>shares of common stock with a fair
value of $5.00 per share to a note holder as inducement.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Warrants</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
issuance of warrants to purchase shares of the Company&rsquo;s common stock including those attributed to debt issuances are summarized
as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-top: 3pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Shares</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-bottom: 3pt; padding-left: 0pt; padding-right: 0pt; padding-top: 3pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Weighted<BR>Average<BR></FONT><FONT STYLE="font-style: normal; font-weight: bold">Exercise
        <BR>Price</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at January 1, 2020</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">181,691</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Granted</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">31,962</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Exercised</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(16,250</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Expired
        or cancelled</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(130,332</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at December 31, 2020</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">67,071</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Granted</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Exercised</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(8,492</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Expired
        or cancelled</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(36,979</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at December 31, 2021</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table summarizes information about warrants to purchase shares of the Company&rsquo;s common stock outstanding and exercisable
at December<FONT> </FONT>31, 2021:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0; text-align: center"><FONT STYLE="font-style: normal; font-weight: bold">Range
        of <BR>exercise prices</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Outstanding
        Warrants</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Weighted-
        <BR>Average <BR>Remaining <BR>Life In Years</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Weighted-
        <BR>Average <BR>Exercise <BR>Price</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 20%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Number
        <BR>Exercisable</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 17.01%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">10.00</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">0.25</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.01%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 20%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 17.01%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">0.25</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.01%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 20%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
compensation expense attributed to the issuance of the warrants, if required to be recognized on the nature of the transaction, was recognized
as they vested/earned. These warrants are exercisable up to one year from the date of grant. All are currently exercisable.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Issuances
of warrants to purchase shares of the Company&rsquo;s common stock were as follows:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued various warrants for 31,962<FONT> </FONT>shares of the Company&rsquo;s
common stock with a range of terms up to seven months and an exercise price of $10.00 per share in connection with exchange agreements
with noteholders and cash investors.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
a result of the issuance of these warrants the Company recognized $62,637 of stock compensation expense for the years ended December<FONT>
</FONT>31, 2020.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-19</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Note
8 &mdash; Stockholders&rsquo; Equity</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">Shares
To Be Issued</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
October<FONT> </FONT>1, 2021, the Company entered into a one<FONT>-year</FONT> Retainer Agreement with a financial public relations firm
(the &ldquo;Firm&rdquo;), pursuant to which the Firm is to provide the Company with financial communications and investor relations services.
Upon execution of the Retainer Agreement the Company was to issue the number of shares of the Company&rsquo;s common stock equal to $150,000.
As of December<FONT> </FONT>31, 2021, these shares were not issued. As a result, at December<FONT> </FONT>31, 2021, the Company recorded
$37,500 in stock based compensation on the statement of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
December&nbsp;2021, the Company entered into one<FONT>-year</FONT> agreements with three individuals to serve on the Company&rsquo;s Board
of Advisors. Each agreement may be extended for an additional one<FONT>-year</FONT> term upon agreement of both parties. As consideration,
the Company is to issue an aggregate of $240,000 in shares of the Company&rsquo;s common stock. As of December<FONT> </FONT>31, 2021,
the shares were not issued.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
9 &mdash; COMMITMENTS AND CONTINGENCIES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Employment
Agreements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
February<FONT> </FONT>15, 2021, the Company entered into an employment agreement with Mark White to serve as Chief Executive Officer of
the Company for a three<FONT>-year</FONT> term. Pursuant to the agreement, Mr.<FONT> </FONT>White is entitled to receive $200,000 in annual
compensation and is eligible to receive up to $200,000 in cash and stock<FONT>-based</FONT> compensation upon achieving certain performance
metrics. Should Mr.<FONT> </FONT>White receive stock<FONT>-based</FONT> bonus compensation he shall be entitled to receive options to
purchase up to 20% of the number of shares issued as stock<FONT>-based</FONT> bonus compensation. Additionally, pursuant to the agreement,
on February<FONT> </FONT>15, 2021, the Company issued shares of the Company&rsquo;s common stock in an amount sufficient for Mr.<FONT>
</FONT>White to own an aggregate amount of two (2%) percent of the Company&rsquo;s issued and outstanding shares as of the date effective
date of the agreement, or 80,826<FONT> </FONT>shares of the Company&rsquo;s common stock with a fair value of $323,305</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
February<FONT> </FONT>15, 2021, the Company entered into an employment agreement with David Owens, MD to serve as Chief Medical Officer
of the Company for a three<FONT>-year</FONT> term. Pursuant to the agreement, Dr.&nbsp;Owens is entitled to receive $150,000 in annual
compensation that is payable to him by the issuance of Company common stock and he is eligible to receive bonus compensation based upon
achieving certain performance metrics.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Legal
Claims</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
are no material pending legal proceedings in which the Company or any of its subsidiaries is a party or in which any director, officer
or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of its voting securities, or security holder
is a party adverse to us or has a material interest adverse to the Company other than the following:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Sarah
Veltz v. Nexalin Technology, Inc. et al.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Plaintiff,
Sarah Veltz, filed a lawsuit in this matter on January<FONT> </FONT>20, 2021 in Orange County, California Superior Court (Case&nbsp;No.&nbsp;30<FONT>-2021-01180164-CU-WT-CJC</FONT>)
(the &ldquo;Complaint&rdquo;) naming the Company and others as defendants. In her Complaint, Plaintiff contends that she was employed
by defendants, including Nexalin, and has not been paid all wages, including overtime wages and other benefits allegedly due her. Plaintiff
also contends that, during her employment, she was subjected to sexual harassment by the Company&rsquo;s then Chief Executive Officer.
Plaintiff seeks both compensatory and punitive damages. On March<FONT> </FONT>12, 2021, the Company filed its answer to the Complaint.
The court has set a jury trial in this matter for April<FONT> </FONT>24, 2023. Management&rsquo;s intent is to contest the allegations
vigorously and, as of the date of this report, is unable to provide an evaluation of the potential outcome of the litigation within the
probable or remote range or to provide an estimate of the amount of or a range of potential loss that might be incurred by the Company.
The Company believes its potential exposure to be approximately $50,000 and, as such, has accrued this amount on the consolidated balance
sheet at December<FONT> </FONT>31, 2021 and 2020.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-20</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
9 &mdash; COMMITMENTS AND CONTINGENCIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">California
Employment Development Department</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company is currently engaged in settlement discussions with the Employment Development Department (EDD) of the State of California. This
matter involves issues related to previous management&rsquo;s classification of certain work provided to or on behalf of the Company&rsquo;s
business as contract labor instead of employee labor. The EDD has subpoenaed six years&rsquo; worth of information from the Company and
currently is claiming that the Company owes approximately $286,000 in past due employment related taxes. The Company has petitioned for
reassessment and believes the hired workers at issue were indeed actual contractors and not employees. All Company operations in California
have previously been terminated and it has terminated any physical relationship with the State of California. A hearing date for April<FONT>
</FONT>15, 2022 has been set in the matter. Although the Company believes that it has adequate defenses to the state claims, there can
be no assurance the Company will be successful in its efforts to dispute the claim in whole or in part.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
10 &mdash; LEASES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">With
the adoption of ASC 842, operating lease agreements are required to be recognized on the balance sheet as right of use (ROU) assets and
corresponding lease liabilities.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
June<FONT> </FONT>1, 2018, the Company recognized ROU assets and lease liabilities of $129,376. The Company elected to not recognize ROU
assets and lease liabilities arising from short<FONT>-term</FONT> office leases, leases with initial terms of twelve months or less (deemed
immaterial) on the balance sheets. On August<FONT> </FONT>1, 2019, the Company exercised its right to lease an additional 500 square feet
of office space. As a result, the Company recorded an additional ROU asset and lease liability of $21,671. During the year ended December<FONT>
</FONT>31, 2020, the Company exercised its right to lease an additional 1,000 square feet of office space. As a result, the Company recorded
an additional lease liability of $37,047.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">When
measuring lease liabilities for leases that were classified as operating leases, the Company discounted lease payments using its estimated
incremental borrowing rate at June<FONT> </FONT>1, 2018. The weighted average incremental borrowing rate applied was 10%.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table presents net lease cost and other supplemental lease information:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0 3pt">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Year
        Ended December 31, 2021</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Year
        Ended December 31, 2020</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Lease
        cost</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        lease cost (cost resulting from lease payments)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">48,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">43,500</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        lease cost</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">48,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">43,500</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        lease&nbsp;&ndash; operating cash flows (fixed payments)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">48,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">43,500</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        lease&nbsp;&ndash; operating cash flows (liability reduction)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">36,973</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">30,422</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Non-current
        leases&nbsp;&ndash; right of use assets <FONT STYLE="vertical-align: super; font-size: 65%">(1)</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Current
        liabilities&nbsp;&ndash; operating lease liabilities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">40,845</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">36,973</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Non-current
        liabilities&nbsp;&ndash; operating lease liabilities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">49,089</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">89,934</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-style: none; margin: 0in 0in -5pt 24pt; font: 9pt Times New Roman, Times; padding: 0in; text-align: justify; text-justify: inter-ideograph; text-indent: -24pt; color: black">____________</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 10pt; text-align: left; text-indent: -24pt; margin-top: 10pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the years ended December 31, 2020 the Company performed impairment analyses on the right of use assets recorded as a result of the office
space expansion. The Company concluded that the carrying amount of the right of use asset would not be recoverable due to the Company
forecasting that the future undiscounted net cash flow of the Company would not exceed the carrying amount of the right of use asset.
As a result, the Company recorded a loss on impairment of right of use asset of $37,047 on its consolidated statement of operations during
the years ended December 31, 2020.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-21</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
10 &mdash; LEASES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Future
minimum payments under non<FONT>-cancellable</FONT> leases for operating leases for the remaining terms of the leases following the year
ended December<FONT> </FONT>31, 2020:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">Fiscal
        Year</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Operating
        Leases</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">2022</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">48,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">2023</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">48,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">2024</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        future minimum lease payments</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">100,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Amount
        representing interest</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(10,066</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Present
        value of net future minimum lease payments</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">89,934</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
11 &mdash; CONCENTRATION OF CREDIT RISK</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Cash
Deposits</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Financial
instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits. Accounts at each
institution are insured by the Federal Deposit Insurance Corporation (&ldquo;FDIC&rdquo;) up to $250,000. As of December<FONT> </FONT>31,
2021 and 2020, the Company had $410,148 and $- in excess of the FDIC insured limit, respectively.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Revenues</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Three
customers accounted for 41% of revenue for the year ended December<FONT> </FONT>31, 2021, as set forth below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        A&nbsp;&ndash; related party</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">18</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        B</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">12</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        C</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">11</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">One
customer accounted for 41% of revenue for the year ended December<FONT> </FONT>31, 2020.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Accounts
Receivable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Three
customers accounted for 67% of the accounts receivable as of December<FONT> </FONT>31, 2021, as set forth below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        A</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">37</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        B</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">18</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        C</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">12</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Four
customers accounted for 78% of the accounts receivable as of December<FONT> </FONT>31, 2020, as set forth below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        A</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">30</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        B</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">18</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        C</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">15</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        D</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">15</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
12&nbsp;&mdash; INCOME TAXES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company identified their federal and Nevada state tax returns as their &ldquo;major&rdquo; tax jurisdictions. The periods for income tax
returns that are subject to examination for these jurisdictions is 2017 through 2021. The Company believes their income tax filing positions
and deductions will be sustained on audit, and they do not anticipate any adjustments that would result in a material change to their
financial position. Therefore, no liabilities for uncertain tax positions have been recorded.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-22</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
12&nbsp;&mdash; INCOME TAXES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">At
December<FONT> </FONT>31, 2021, the Company had approximately $14,000,000 in net operating loss carry<FONT>-forwards</FONT> for federal
and state income tax reporting (tax effected) purposes. As a result of the Tax Cuts Job Act 2017 (the &ldquo;Act&rdquo;), certain future
carry<FONT>-forwards</FONT> do not expire. The Company has not performed a formal analysis, but believes its ability to use such net operating
losses and tax credit carry<FONT>-forwards</FONT> in the future is subject to annual limitations due to change of control provisions under
Sections&nbsp;382 and 383 of the Internal Revenue Code, which will significantly impact its ability to realize these deferred tax assets.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company&rsquo;s net deferred tax assets, liabilities and valuation allowance as of December<FONT> </FONT>31, 2021 and 2020 are summarized
as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Year
        Ended December 31,</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">2021</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">2020</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Deferred
        tax assets:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        operating loss carry forwards</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">14,087,360</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">12,546,227</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Valuation
        allowance</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(14,087,360</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(12,546,227</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        deferred tax assets</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
recorded a valuation allowance in the full amount of our net deferred tax assets since realization of such tax benefits has been determined
by our management to be less likely than not. The valuation allowance increased $1,541,133 during the year ended December<FONT> </FONT>31,
2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
reconciliation of the statutory federal income tax benefit to actual tax benefit for the years ended December<FONT> </FONT>31, 2021 and
2020 is as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">202</FONT><FONT STYLE="font-style: normal; font-weight: bold">1</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">20</FONT><FONT STYLE="font-style: normal; font-weight: bold">20</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Federal
        statutory blended income tax rates</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(21</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)%</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(21</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">State
        statutory income tax rate, net of federal benefit</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(8</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Change
        in valuation allowance</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">25</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">26</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Other</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(5</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Effective
        tax rate</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Act was enacted on December<FONT> </FONT>22, 2017. The Act reduces the U.S. federal corporate tax rate from 35% to 21% and will require
the Company to re<FONT>-measure</FONT> certain deferred tax assets and liabilities based on the rates at which they are anticipated to
reverse in the future, which is generally 21%. The Company adopted the new rate as it relates to the calculations of deferred tax amounts
as of December<FONT> </FONT>22, 2017.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
13 &mdash; SUBSEQUENT EVENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> In
March, 2022, the Company and Wider Com Limited entered into a second supplement to the potential Joint Venture agreement whereby the parties
confirmed to each other the JV had not yet been established and was expected to be formed within the next 180, subject to further review
and analysis of regulatory issues in China and the United States and potential changes in the use and market for the Company&rsquo;s products
and technology. Further, the parties agreed that all references within the JV agreements to funding and formation were amended from December<FONT>
</FONT>21, 2018 to be September<FONT> </FONT>30, 2022. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-23</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T1001"></A> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>CONDENSED CONSOLIDATED BALANCE SHEETS<BR>(UNAUDITED)</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">June
        30,<BR>2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31, 2021</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">ASSETS</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Current
        Assets:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        291,335</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        661,778</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        receivable (Includes related party of $6,316 and <BR>$-, respectively)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">23,688</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">16,303</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Inventory</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">124,426</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">31,410</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Prepaid
        expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">107,220</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">43,168</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Current Assets</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">546,669</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">752,659</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">ROU
        Asset</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">8,824</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Equipment,
        net of accumulated depreciation of $30,130 and $29,862, respectively</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">771</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,039</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Assets</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        556,264</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        753,698</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">LIABILITIES
        AND STOCKHOLDERS&rsquo; DEFICIT</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Current
        Liabilities:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        payable (Includes related party of $457,419 and $399,320, respectively)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        1,130,956</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        843,794</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued
        expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">599,745</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">611,795</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Lease
        liability</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">48,356</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">40,845</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loan
        payable&nbsp;&ndash; shareholder</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">27,200</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">37,200</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loan
        payable&nbsp;&ndash; officer</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">200,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">200,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Note
        payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">500,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">500,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Deferred
        revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">260,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">130,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Current Liabilities</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,766,257</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,363,634</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Long-term
        Liabilities:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Lease
        liability&nbsp;&ndash; net of current portion</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">30,486</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">49,089</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">PPP
        Loan payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Liabilities</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,796,743</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,435,639</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Commitments
        and Contingencies</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Stockholders&rsquo;
        Deficit:</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Common
        stock, $0.001 par value; 100,000,000 shares authorized; 4,905,163 and 4,879,923 shares issued and outstanding at June 30, 2022 and December
        31, 2021, respectively</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,905</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,880</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Additional
        paid in capital</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">69,278,878</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">69,004,703</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accumulated
        deficit</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(71,524,262</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(70,691,524</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Stockholders&rsquo; Deficit</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(2,240,479</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(1,681,941</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Liabilities and Stockholders&rsquo; Deficit</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        556,264</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        753,698</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt">The
accompanying notes are an integral part of these condensed consolidated financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-24</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T1002"></A> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC.<BR>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<BR>(UNAUDITED)</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Six
        Months Ended</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">June
        30,<BR>2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">June
        30,<BR>2021</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Revenues,
        net (Includes related party of $663,367 and $-, respectively)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        737,610</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        64,096</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cost
        of revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">169,047</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">13,142</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Gross
        profit</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">568,563</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">50,954</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        expenses:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Professional
        fees</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">478,565</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">302,362</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Salaries
        and benefits</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">305,854</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">96,525</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Selling,
        general and administrative</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">604,364</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,297,730</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        operating expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,388,783</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,696,617</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        from operations</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(820,220</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(3,645,663</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Other
        (income) expense:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Interest
        expense, net</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">35,434</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">36,705</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Other
        income&nbsp;&ndash; PPP loan forgiveness</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        other expense</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">12,518</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">36,705</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        loss</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (832,738</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (3,682,368</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Loss
        per Common Share&nbsp;&ndash; Basic and Diluted</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (0.17</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (0.93</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Weighted
        Average Shares Outstanding&nbsp;&ndash; Basic and Diluted</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,896,717</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,957,599</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt">The
accompanying notes are an integral part of these condensed consolidated financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-25</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T1003"></A> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC.<BR>CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS&rsquo; DEFICIT</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 0pt; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">FOR
THE SIX MONTHS ENDED JUNE 30, 2022 AND 2021<BR>(UNAUDITED)</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="5" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 26.47%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Common
        Stock</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.59%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Additional
        Paid-in Capital</FONT></P> </TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.09%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Accumulated
        Deficit</FONT></P> </TD>
    <TD ROWSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD ROWSPAN="2" COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.87%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        Shareholders&rsquo; Deficit</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.59%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Shares</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.59%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Amount</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Balance
        at January 1, 2021</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">3,695,464</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        3,695</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        63,019,495</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (64,613,520</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (1,590,330</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        issued for cash</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">137,876</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">138</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">603,519</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">603,657</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        compensation</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">553,896</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">554</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,862,676</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,863,230</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Shares
        issued for conversion of debt</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10,507</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">11</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">38,614</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">38,625</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Shares
        issued for conversion of warrants</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">8,492</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">8</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">35,959</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">35,967</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        loss</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(3,682,368</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(3,682,368</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Balance
        as of June 30, 2021</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,406,235</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        4,406</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        66,560,263</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (68,295,888</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (1,731,219</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Balance
        at January 1, 2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,879,923</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        4,880</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        69,004,703</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (70,691,524</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(1,681,941</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        issued for cash</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">850</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,099</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,100</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        compensation</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">24,390</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">24</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">269,076</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">269,100</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        loss</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(832,738</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(832,738</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 27.85%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Balance
        as of June 30, 2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        4,905,163</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        4,905</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.89%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        69,278,878</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.67%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (71,524,262</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.46%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (2,240,479</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt">The
accompanying notes are an integral part of these condensed consolidated financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-26</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T1004"></A> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC.<BR>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<BR>(UNAUDITED)</FONT> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="7" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Six
        Months Ended</FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">June
        30,<BR>2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">June
        30,<BR>2021</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        flows from operating activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        Loss</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (832,738</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">
        (3,682,368</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Adjustments
        to reconcile net loss to net cash used in operating activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Bad
        debt</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">11,175</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Stock
        compensation</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">269,100</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,863,230</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Amortization
        of debt discount</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">58</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Forgiveness
        of PPP loan</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Depreciation</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">268</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">269</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Non-cash
        lease expense</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,536</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Changes
        in operating assets and liabilities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        receivable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(18,560</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(7,696</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Prepaid
        assets</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(64,052</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(8,077</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Inventory</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(93,016</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,429</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        payable</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">229,061</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">201,168</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounts
        payable&nbsp;&ndash; related party</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">58,099</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">60,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued
        expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(12,050</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">28,583</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Deferred
        revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">130,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">130,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Lease
        liability</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(22,450</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(18,026</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        cash used in operating activities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(365,543</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(428,430</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        flows from financing activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Sale
        of common stock for cash</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,100</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">603,657</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Proceeds
        from exercise of warrants</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">35,967</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Proceeds
        from PPP loans</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">22,916</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Payments
        on loan payable&nbsp;&ndash; shareholder</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(10,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(4,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        cash (used in) provided by financing activities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(4,900</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">657,940</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Net
        (decrease) increase in cash and cash equivalents</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(370,443</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">229,510</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        and cash equivalents&nbsp;&ndash; beginning of period</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">661,778</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">78,436</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        and cash equivalents&nbsp;&ndash; end of period</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        291,335</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        307,946</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Supplemental
        cash flow information:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Cash
        paid for:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Interest</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        &mdash;</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        &mdash;</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Non-cash
        investing and financing activities:</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Conversion
        of debt and accrued interest into common stock</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        &mdash;</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        38,625</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 20pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">ROU
        asset and lease liability recorded</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 10.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        11,359</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">
        &mdash;</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; text-align: center; margin-top: 9pt">The
accompanying notes are an integral part of these condensed consolidated financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-27</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><A NAME="T1005"></A> <FONT STYLE="font-style: normal; font-weight: bold"></FONT><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
1&nbsp;&mdash; ORGANIZATION AND BUSINESS OPERATIONS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 9pt; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: normal">Corporate
History</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Nexalin
Technology, Inc. (&ldquo;NV Nexalin&rdquo;) was formed on October<FONT> </FONT>19, 2010 as a Nevada corporation. The Company&rsquo;s principal
offices are located at 1776 Yorktown, Suite 550, Houston, Texas 77056.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
September<FONT> </FONT>6, 2019, Neuro<FONT>-Health</FONT> International, Inc. (&ldquo;Neuro<FONT>-Health</FONT>&rdquo;), a Nevada corporation,
a wholly<FONT>-owned</FONT> subsidiary of NV Nexalin, was formed. Neuro<FONT>-Health</FONT> had no activity from September<FONT> </FONT>6,
2019 (Inception) through the six months ended June<FONT> </FONT>30, 2022.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
November<FONT> </FONT>22, 2021, NV Nexalin entered into an Agreement and Plan of Merger (the &ldquo;Merger Agreement&rdquo;) with Nexalin
Technology, Inc., a Delaware corporation (&ldquo;Nexalin&rdquo;, or the &ldquo;Company&rdquo;). Pursuant to the Merger Agreement, NV Nexalin
merged with and into Nexalin with all shareholders of NV Nexalin receiving one common share of Nexalin in exchange for twenty shares of
NV Nexalin held at the time of the Merger Agreement. NV Nexalin treated the transaction as a corporate reorganization with the historical
consolidated financial statements of NV Nexalin becoming the historical consolidated financial statements of Nexalin. Nexalin had nominal
assets and liabilities and did not conduct any operations prior to the reorganization other than its incorporation. NV Nexalin has retroactively
applied the 20<FONT>-for-1</FONT> exchange, effective on November<FONT> </FONT>22, 2021, to share and per share amounts on the unaudited
condensed consolidated financial statements for the six months ended June<FONT> </FONT>30, 2022 and 2021. NV Nexalin&rsquo;s authorized
shares of common stock was not affected as a result of the Merger. As a result of the Merger, NV Nexalin was dissolved and Neuro<FONT>-Health</FONT>
became a subsidiary of Nexalin.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Business
Overview</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company is a medical device company that designs and develops innovative neurostimulation products to help uniquely and effectively combat
the ongoing global mental health epidemic. The Nexalin Device emits a patented, frequency<FONT>-based</FONT> waveform that has been proven
to be highly effective in stimulating a positive response from the mid<FONT>-brain</FONT> structures associated with various mental health
disorders. The Company&rsquo;s design of an advanced waveform that is safely administered to the human brain is the basis of the Company&rsquo;s
treatment and the evolution of its business strategy.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company had previously marketed and licensed a Federal Drug Administration approved 4<FONT>-milliamp</FONT> device which is a non<FONT>-invasive</FONT>
drug<FONT>-free</FONT> therapy for the treatment of anxiety and insomnia. Although the devices are being used in the field and continue
to use our single use disposable, we no longer are marketing the 4<FONT>-milliamp</FONT> device.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have designed and developed an advanced device. The 4<FONT>-milliamp</FONT> device and the advanced device may be referred to as the &ldquo;Nexalin
Device&rdquo; or &ldquo;Nexalin Therapy&rdquo; and, collectively, &ldquo;Nexalin&rdquo;. The Company has received approval from the China
National Medical Products Administration to market and sell the advanced device in China for the treatment of insomnia and depression.
The Company sells the advanced device in China though an acting distributor. It is in the Company&rsquo;s plan to also achieve regulatory
approval for the advanced device in other countries including the United&nbsp;States.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
2&nbsp;&mdash; GOING CONCERN AND LIQUIDITY</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
accompanying unaudited condensed consolidated financial statements have been prepared on the basis that the Company will continue as a
going concern, which contemplates realization of assets and the satisfaction of liabilities in the normal course of business. At June<FONT>
</FONT>30, 2022, the Company had a significant accumulated deficit of $71.6<FONT> </FONT>million and a working capital deficit of $2.2<FONT>
</FONT>million. For the six months ended June<FONT> </FONT>30, 2022, the Company had a loss from operations of $0.82<FONT> </FONT>million
and negative cash flows from operations of $0.37<FONT> </FONT>million. The Company&rsquo;s operating activities consume the majority of
its cash resources. The Company will continue to service existing customers in the United&nbsp;States. The Company is selling devices
in China through its acting distributor. It anticipates that it will continue to incur operating losses as it executes its development
plans through 2022, as well as other potential strategic and business development initiatives. In addition, the Company has had and expects
to have </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-28</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
2&nbsp;&mdash; GOING CONCERN AND LIQUIDITY</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">negative
cash flows from operations, at least into the near future. The Company previously funded these losses primarily through the sale of equity
and issuance of convertible notes. The accompanying unaudited condensed consolidated financial statements do not include any adjustments
that might be necessary should the Company be unable to continue as a going concern.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Management
intends to raise funds through an Initial Public Offering in 2022. Management believes that the actions presently being taken to further
implement its business plan will enable the Company to continue as a going concern. While the Company believes in its viability to raise
additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon
the Company&rsquo;s ability to further implement its business plan and raise additional funds through an Initial Public Offering or otherwise. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Although
no assurances can be given as to the Company&rsquo;s ability to deliver on its revenue plans or that unforeseen expenses may arise, management
believes that the revenue to be generated from operations, together with the potential closing of the Initial Public Offering in the near
term, will provide the necessary funding for the Company to continue as a going concern. Management cannot guarantee any such Initial
Public Offering will be available on favorable terms. As such, these matters raise substantial doubt about the Company&rsquo;s ability
to continue as a going concern for a period of twelve months from the issue date of this report. If adequate funds are not available on
acceptable terms, or at all, the Company will need to curtail operations or cease operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3&nbsp;&mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Basis
of Presentation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
accompanying unaudited condensed consolidated financial information has been prepared in accordance with Generally Accepted Accounting
Principles (&ldquo;GAAP&rdquo;) for interim financial information. In the opinion of management, such financial information includes all
adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the Company&rsquo;s financial
position and the operating results and cash flows. Operating results for the six months ended June<FONT> </FONT>30, 2022 and 2021 are
not necessarily indicative of the results that may be expected for the entire year or for any other subsequent interim period.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Certain
information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant
to the rules of the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;). These unaudited condensed consolidated financial
statements and related notes should be read in conjunction with the Company&rsquo;s audited consolidated financial statements for the
year ended December<FONT> </FONT>31, 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Principles
of Consolidation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
unaudited condensed consolidated financial statements include the accounts of Nexalin and its wholly<FONT>-owned</FONT> subsidiary Neuro<FONT>-Health</FONT>.
Intercompany accounts and transactions have been eliminated in consolidation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Use
of Estimates</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates
and assumptions that affect the reported amounts of assets, liabilities, equity<FONT>-based</FONT> transactions, revenue and expenses
and disclosure of contingent liabilities at the date of the financial statements. The Company bases its estimates and assumptions on historical
experience, known or expected trends and various other assumptions that it believes to be reasonable. As future events and their effects
cannot be determined with precision, actual results could differ from these estimates which may cause the Company&rsquo;s future results
to be affected.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-29</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3&nbsp;&mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Revenue</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
Company recognizes revenue when its performance obligations with its customers have been satisfied. At contract inception, the Company
determines if the contract is within the scope of ASC Topic 606 and then evaluates the contract using the following five steps: (1)&nbsp;identify
the contract with the customer; (2)&nbsp;identify the performance obligations; (3)&nbsp;determine the transaction price; (4)&nbsp;allocate
the transaction price to the performance obligations; and (5)&nbsp;recognize revenue when (or as) the entity satisfies a performance obligation.
The Company only recognizes revenue to the extent that it is probable that a significant revenue reversal will not occur in a future period. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company has existing licensing and treatment fee agreements with its customers for the use of the Nexalin Device in their practices. These
agreements generally have terms of one year with automatic renewal if certain requirements are met and amounts due per these agreements
are billed monthly. The Company also sells products related to the provision of services. The Company also sells its advanced devices
in China through its acting distributor.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Revenue
Streams</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
company derives revenues from its license agreements by charging a monthly licensing fee for the duration of the agreement. The company
derives revenues from equipment by selling additional individual electrodes to customers for use with the Nexalin Device. The Company
derives revenue from the sale of its advanced devices in China through its acting distributor. The Company derives revenue as a royalty
fee from the China<FONT>-based</FONT> manufacturer for electrodes ordered in connection with the Company&rsquo;s China sales.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Performance
Obligations</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
identified that subsequent licensing revenue has one performance obligation. That performance obligation is satisfied as long as the licensing
contract remains valid and is not terminated. The licensing revenue is invoiced monthly and is recognized at a point in time in which
the invoice is sent to the customer.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
identified that the Company&rsquo;s equipment revenue has one performance obligation. That performance obligation is satisfied when the
electrodes and devices are shipped to the customer. The Company does not offer a warranty on the electrodes or devices and there have
been no returns of equipment during the six months ended June<FONT> </FONT>30, 2022 and 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
identified that treatment fee revenue has one performance obligation. The performance obligation is satisfied upon the completion of individual
treatments on patients by customers.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
identified that the Company&rsquo;s royalty fee has one performance obligation. The performance obligation is satisfied as long as the
royalty agreement remains valid and is not terminated. The royalty revenue is invoiced and is recognized at a point in time which the
invoice is sent to the customer.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Practical
Expedients</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
part of ASC 606, the Company has adopted several practical expedients including:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Significant
Financing Component &mdash; the Company does not adjust the promised amount of consideration for the effects of a significant financing
component since the Company expects, at contract inception, that the period between when the Company transfers a promised goods or services
to the customer and when the customer pays for that service will be one year or less.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Unsatisfied
Performance Obligations&nbsp;&mdash; all performance obligations related to contracts with a duration of less than one year, the Company
has elected to apply the optional exemption provided in ASC Topic 606 and therefore, is not required to disclose the aggregate amount
of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting
period.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-30</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3&nbsp;&mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; list-style-type: none; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Shipping
and Handling Activities&nbsp;&mdash; the Company elected to account for shipping and handling activities as a fulfillment cost rather
than as a separate performance obligation.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"> <FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Right
to invoice &mdash; the Company has a right to consideration from a customer in an amount that corresponds directly with the value to the
customer of the Company&rsquo;s performance completed to date. The Company may recognize revenue in the amount to which the entity has
a right to invoice. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Disaggregated
Revenues</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Revenue
consists of the following by service offering for the six months ended June<FONT> </FONT>30, 2022:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; text-decoration: underline; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline">Major
Revenue Streams</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">Device
        Sales</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Licensing
        Fee</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Royalty
        Fee</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Equipment</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Other</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 16.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Total</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 12.42%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0">644,500</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">39,448</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">9,702</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">14,095</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">29,865</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.2%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">737,610</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; text-decoration: underline; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline">Major
Geographic Location</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 84.43%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">U.S.</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.58%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">64,541</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 84.43%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">China</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.58%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">673,069</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 84.43%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.58%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">737,610</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Revenue
consists of the following by service offering for the six months ended June<FONT> </FONT>30, 2021:</P>

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  <TR>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">Device
        Sales</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Licensing
        Fee</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Royalty
        Fee</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Equipment</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.63%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Other</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 16.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Total</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 12.42%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">55,938</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">7,980</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.92%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">178</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.2%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">64,096</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; text-decoration: underline; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="text-decoration: underline">Major
Geographical Location</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 84.44%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">U.S.</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.57%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">64,096</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 84.44%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">China</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.57%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 84.44%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.57%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">64,096</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="text-decoration: underline">Contract
Modifications</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
were no contract modifications during the six months ended June<FONT> </FONT>30, 2022 and 2021. Contract modifications are not routine
in the performance of the Company&rsquo;s contracts.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Deferred
Revenue</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company receives payment for equipment and devices in advance of shipping. The Company recognizes the revenue as being earned upon shipment.
Deferred revenue of $260,000 and $130,000 was recognized as of June<FONT> </FONT>30, 2022 and December<FONT> </FONT>31, 2021, respectively.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 83.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.96%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Deferred<BR></FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 10pt">Revenue</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at January 1, 2022</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">130,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Recognized</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">754,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Transferred
        to revenue</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">(624,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">)</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.76%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at June 30, 2022</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.54%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">260,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-31</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3&nbsp;&mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Cash
and Cash Equivalents</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents.
Cash and cash equivalents held at financial institutions may at times exceed insured amounts. The Company believes it mitigates such risk
by investing in or through, as well as maintaining cash balances, with major financial institutions. There were&nbsp;no&nbsp;cash equivalents
as of June<FONT> </FONT>30, 2022, and December&nbsp;31, 2021. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Accounts
Receivable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Accounts
receivable are reported at their outstanding unpaid principal balances, net of allowances for doubtful accounts. The Company periodically
assesses its accounts and other receivables for collectability on a specific identification basis. The Company provides for allowances
for doubtful receivables based on management&rsquo;s estimate of uncollectible amounts considering age, collection history, and any other
factors considered appropriate. Payments are generally due within 30&nbsp;days of invoice. The Company writes off accounts receivable
against the allowance for doubtful accounts when a balance is determined to be uncollectible. During the six months ended June<FONT> </FONT>30,
2022 and 2021, the Company wrote off $11,175 and $-, respectively, in accounts receivable. The Company did not record an allowance for
doubtful accounts at June<FONT> </FONT>30, 2022 and December<FONT> </FONT>31, 2021, respectively.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Inventory</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Inventory
consists of finished goods and components stated at the lower of cost or net realizable value with cost determined on a first<FONT>-in</FONT>
first<FONT>-out</FONT> basis. The Company reviews the composition of inventory at each reporting period in order to identify obsolete,
slow<FONT>-moving</FONT>, quantities in excess of demand, or otherwise non<FONT>-saleable</FONT> items. The Company did not record a reserve
for obsolete inventory at June<FONT> </FONT>30, 2022 and December<FONT> </FONT>31, 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Equipment</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Equipment
are recorded at cost. Depreciation is computed using straight<FONT>-line</FONT> method over the estimated useful lives of the related
assets, generally five years. Expenditures that enhance the useful lives of the assets are capitalized and depreciated.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Maintenance
and repairs are charged to expense as incurred. The Company capitalizes costs attributable to the betterment of property and equipment
when such betterment enhances the functionality of the asset or extends the useful life of the asset. Should an asset be disposed of before
the end of its useful life, the cost and accumulated depreciation at that date are removed from the consolidated balance sheets, with
the resulting gain or loss, if any, reflected in operations in that period.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Impairment
of Long-Lived Assets</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company reviews long<FONT>-lived</FONT> assets, including definite<FONT>-lived</FONT> intangible assets, for impairment whenever events
or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is
determined by comparing the forecasted undiscounted net cash flows of the operation to which the assets relate to the carrying amount.
If the operation is determined to be unable to recover the carrying amount of its assets, then these assets are written down first, followed
by other long<FONT>-lived</FONT> assets of the operation to fair value. Fair value is determined based on discounted cash flows or appraised
values, depending on the nature of the assets.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Advertising
and Marketing Costs</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company expenses advertising and marketing costs as they are incurred. Advertising and marketing expenses were $5,911 and $27,878 for
the six months ended June<FONT> </FONT>30, 2022 and 2021, respectively, and are recorded in selling, general and administrative expenses
on the unaudited condensed consolidated statements of operations.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-32</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3&nbsp;&mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Income
Taxes</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> The
Company accounts for income taxes pursuant to the asset and liability method which requires the recognition of deferred income tax assets
and liabilities related to the expected future tax consequences arising from temporary differences between the carrying amounts and tax
bases of assets and liabilities based on enacted statutory tax rates applicable to the periods in which the temporary differences are
expected to reverse. Any effects of changes in income tax rates or laws are included in income tax expense in the period of enactment. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company records valuation allowances against deferred tax assets when it is more likely than not that all or a portion of a deferred tax
asset will not be realized. The Company routinely evaluates the realizability of deferred tax assets by assessing the likelihood that
deferred tax assets will be recovered based on all available positive and negative evidence, including scheduled reversals of deferred
tax liabilities, estimates of future taxable income, tax planning strategies and results of operations. Estimating future taxable income
is inherently uncertain and requires judgment. In projecting future taxable income, historical results are considered along with certain
assumptions related to future earnings. At June<FONT> </FONT>30, 2022 and December<FONT> </FONT>31, 2021, the Company had a full valuation
allowance applied against its deferred tax assets</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">From
time to time the Company may recognize an income tax benefit, in its consolidated statements of operations, related to uncertain tax positions
taken For uncertain tax positions that are &ldquo;more likely than not&rdquo; to sustain an income tax audit, the Company may record an
allowance against certain deferred tax assets related to these positions. The Company&rsquo;s practice is to recognize interest and penalties,
if any, related to uncertain tax positions in income tax expense in the unaudited condensed consolidated statements of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Fair
Value Measurements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
defined in ASC 820, <FONT STYLE="font-style: italic; font-weight: normal">Fair Value Measurements and Disclosures</FONT>, fair value is
the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the
asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can
be readily observable, market corroborated, or generally unobservable. ASC 820 establishes a fair value hierarchy that prioritizes the
inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical
assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). This fair value measurement
framework applies at both initial and subsequent measurement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; vertical-align: top; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Level
        1:</P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 89.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Quoted
        prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which
        transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-top: 0pt; vertical-align: top; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: top; width: 89.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; vertical-align: top; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Level
        2:</P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 89.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Pricing
        inputs are other than quoted prices in active markets included in Level<FONT> </FONT>1, which are either directly or indirectly observable
        as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These
        models are primarily industry<FONT>-standard</FONT> models that consider various assumptions, including quoted forward prices for commodities,
        time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other relevant economic
        measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be
        derived from observable data or are supported by observable levels at which transactions are executed in the marketplace.</P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-top: 0pt; vertical-align: top; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; vertical-align: top; width: 89.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; vertical-align: top; width: 8.97%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Level
        3:</P> </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 89.74%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Pricing
        inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally
        developed methodologies that result in management&rsquo;s best estimate of fair value. The significant unobservable inputs used in the
        fair value measurement for nonrecurring fair value measurements of long<FONT>-lived</FONT> assets include pricing models, discounted cash
        flow methodologies and similar techniques.</P> </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-33</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3&nbsp;&mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Fair
Value of Financial Instruments</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
carrying value of cash, accounts receivable, inventory, prepaids, accounts payable and accrued expenses, and other current liabilities
approximate their fair values based on the short<FONT>-term</FONT> maturity of these instruments. The carrying amount of the loans payable
approximates the estimated fair value for this financial instrument as management believes that such debt and interest payable on the
note approximates the Company&rsquo;s incremental borrowing rate.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">Net
Loss per Common Share</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Net
loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period.
The dilutive effect, if any, of warrants is calculated using the treasury stock method. All outstanding convertible notes are considered
common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if<FONT>-converted</FONT> method. Since
the effect of common stock equivalents is anti<FONT>-dilutive</FONT> with respect to losses, the warrants and shares issuable upon conversion
have been excluded from the Company&rsquo;s computation of net loss per common share for the three and six months ended June<FONT> </FONT>30,
2022 and 2021. These shares were included in the basic and diluted net loss per common share on the unaudited condensed consolidated statements
of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table summarizes the securities that would be excluded from the diluted per share calculation because the effect of including
these potential shares was antidilutive due to the Company&rsquo;s net loss position even though the exercise price could be less than
the most recent fair value of the common shares:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 60.17%; padding: 0in 0in 3px"> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 1.25%; padding: 0in 0in 3px; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 17.99%; padding: 0in 0in 3px; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Six
        Months<BR>Ended<BR>June 30,<BR>2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 1.25%; padding: 0in 0in 3px; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 19.27%; padding: 0in 0in 3px; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Six
        Months<BR>Ended<BR>June 30,<BR>2021</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 60.17%; padding: 0in 0in 3px">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Warrants</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 1.25%; padding: 0in 0in 3px; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 17.99%; padding: 0in 0in 3px; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 1.25%; padding: 0in 0in 3px; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 19.27%; padding: 0in 0in 3px; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">40,800</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 60.17%; padding: 0in 0in 3px">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 1.25%; padding: 0in 0in 3px; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; width: 17.99%; padding: 0in 0in 3px; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; width: 1.25%; padding: 0in 0in 3px; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; width: 19.27%; padding: 0in 0in 3px; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">40,800</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Stock</FONT>-<FONT STYLE="font-style: italic; font-weight: normal">Based
Compensation</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company applies the provisions of ASC 718, <FONT STYLE="font-style: italic; font-weight: normal">Compensation &mdash; Stock Compensation</FONT>
(&ldquo;ASC 718&rdquo;), which requires the measurement and recognition of compensation expense for all stock<FONT>-based</FONT> awards
made to employees, including employee stock options, in the statements of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">For
stock options issued to employees and members of the board of directors for their services, the Company estimates the grant date fair
value of each option using the Black<FONT>-Scholes</FONT> option pricing model. The use of the Black<FONT>-Scholes</FONT> option pricing
model requires management to make assumptions with respect to the expected term of the option, the expected volatility of the common stock
consistent with the expected life of the option, risk<FONT>-free</FONT> interest rates and expected dividend yields of the common stock.
For awards subject to service<FONT>-based</FONT> vesting conditions, including those with a graded vesting schedule, the Company recognizes
stock<FONT>-based</FONT> compensation expense equal to the grant date fair value of stock options on a straight<FONT>-line</FONT> basis
over the requisite service period, which is generally the vesting term. Forfeitures are recorded as they are incurred as opposed to being
estimated at the time of grant and revised. Due to the Company&rsquo;s limited history and lack of public market for its common stock,
the Company used the average of historical share prices of similar companies within its industry to calculate volatility for use in the
Black<FONT>-Scholes</FONT> option pricing model.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Pursuant
to ASU 2018<FONT>-07</FONT> Compensation&nbsp;&mdash; Stock Compensation (Topic 718): Improvements to Non<FONT>-employee</FONT> Share<FONT>-Based</FONT>
Payment Accounting, the Company accounts for stock options issued to non<FONT>-employees</FONT> for their services in accordance with
ASC 718. The Company uses valuation methods and assumptions to value the stock options that are in line with the process for valuing employee
stock options noted above.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-34</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
3&nbsp;&mdash; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">Research
and Development</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">All
research and development costs are charged to operations as incurred. For the six months ended June<FONT> </FONT>30, 2022 and 2021, the
Company recorded $41,105 and $77,966, respectively, in selling, general and administrative expenses on the unaudited condensed consolidated
statements of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Leases</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">A
lease is defined as an agreement that conveys the right to control the use of identified property, plant or equipment (right of use asset
or &ldquo;ROU asset&rdquo;) for a period of time in exchange for consideration. The Company accounts for it leases in accordance with
ASC 842, Leases, which requires that an ROU asset identified in a lease to be recorded as a noncurrent asset with a related liability.
The Company does not record ROU assets for those agreements of a twelve<FONT>-month</FONT> duration or less. The Company recognized a
ROU asset and corresponding lease liability on its balance sheets related to its office lease agreement. See Note 9 &mdash; Leases for
further discussion, including the impact on the Company&rsquo;s financial statements and related disclosures.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">ROU
assets include any initial direct costs and prepaid lease payments and exclude any lease incentives. Lease expense for minimum lease payments
is recognized on a straight<FONT>-line</FONT> basis over the lease term. The lease terms may include options to extend or terminate the
lease if it is reasonably certain that the Company will exercise that option.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Paycheck
Protection Program</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company&rsquo;s policy is to account for the PPP loan&nbsp;as debt. The Company continued to record the loan as debt until either (1)&nbsp;the
loan was partially or entirely forgiven and the Company had been legally released,&nbsp;at which point the amount forgiven would be recorded
as income or (2)&nbsp;the Company paid off the loan. During the six months ended June<FONT> </FONT>30, 2022, the Company&rsquo;s outstanding
PPP loan was forgiven (see Note 6).</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Recent
Accounting Pronouncements</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">In
February&nbsp;2020, the FASB issued ASU 2020<FONT>-02</FONT>, Financial Instruments<FONT>-Credit</FONT> Losses (Topic 326) and Leases
(Topic 842) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No.&nbsp;119 and Update to SEC Section on Effective
Date Related to Accounting Standards Update No.&nbsp;2016<FONT>-02</FONT>, Leases (Topic 842), which amends the effective date of the
original pronouncement for smaller reporting companies. ASU 2016<FONT>-13</FONT> and its amendments will be effective for the Company
for interim and annual periods in fiscal years beginning after December<FONT> </FONT>15, 2022. The Company believes the adoption will
modify the way the Company analyzes financial instruments, but it does not anticipate a material impact on results of operations. The
Company is in the process of determining the effects adoption will have on its unaudited condensed consolidated financial statements.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">All
other newly issued but not yet effective accounting pronouncements have been deemed to be not applicable or immaterial to the Company.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
4&nbsp;&mdash; ACCRUED EXPENSES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Accrued
expenses consist of the following amounts:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">June
        30,<BR>2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31, 2021</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued
        interest</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">263,745</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">232,952</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued&nbsp;&ndash;
        other</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">42,843</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accrued
        settlement liabilities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">336,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">336,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">599,745</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">611,795</P>
        </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-35</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
5&nbsp;&mdash; NON-CONSOLIDATED JOINT VENTURE AND RELATED PARTY TRANSACTIONS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 9pt; margin-top: 9pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">P</FONT><FONT STYLE="font-style: italic; font-weight: normal">otential
Joint Venture</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
September<FONT> </FONT>21, 2018, the Company entered into a joint venture agreement (the &ldquo;JV Agreement&rdquo;) with Wider Come Limited,
a China company (&ldquo;Wider&rdquo;) for the purpose of marketing, sale and distribution of the Company&rsquo;s proprietary devices for
the treatment of (i)&nbsp;anxiety, depression and insomnia (&ldquo;AD&amp;I&rdquo;) and (ii)&nbsp;Alzheimer&rsquo;s and dementia (&ldquo;A&amp;D&rdquo;)
in the applicable territories. Each of the parties to the potential joint venture will hold a 50% interest in the equity, profits and
losses, shareholder voting, management control and rights to use production capacity of the facility. As of June<FONT> </FONT>30, 2022,
the joint venture has not been established. The Company will provide a global exclusive technology license for AD&amp;I treatment to the
JV and Wider will contribute $5,000,000 in funding for the design and execution of Company approved clinical studies. In addition, Wider
will receive a one<FONT>-eighth</FONT> equity position in the company. The Company will also provide the potential Joint Venture (the
&ldquo;JV&rdquo;) with a license for exclusive distribution of its technology for the treatment of AD&amp;I in the applicable territories.
The JV will be controlled by an equally represented Board of Directors in which neither entity has sole decision<FONT>-making</FONT> ability
over day<FONT>-to-day</FONT> or significant operational decisions. As of the date of this report the $5,000,000 has not been funded. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
May<FONT> </FONT>22, 2019, the Company entered into a supplementary agreement for the JV Agreement (the &ldquo;Supplementary Agreement&rdquo;).
Pursuant to the Supplementary Agreement, Wider was to fund the JV within thirty days of execution of the JV Agreement with $600,000 in
cash to be used for clinical trials in China. Within thirty days of the funding the Company was to issue 5% of the Company in non<FONT>-diluted</FONT>
common stock to Wider&rsquo;s shareholders. As of the date of this report the JV has yet to be formally established and therefore the
$600,000 has not been funded.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
April<FONT> </FONT>6, 2020, the Company entered into a three<FONT>-year</FONT> service agreement with Wider, pursuant to which Wider will
perform clinical trials associated with the formation of the JV. In consideration, the Company and certain designated Wider shareholders
have entered into stock issuance agreements for the issuance of 450,000<FONT> </FONT>shares of the Company&rsquo;s common stock, as a
result of the Supplementary Agreement, and simultaneously with the execution of this service agreement, Wider contributed $200,000 to
the Company. During the year ended December<FONT> </FONT>31, 2020, the Company has issued 150,000<FONT> </FONT>shares to affiliates of
Wider in satisfaction of the obligation. The fair value of the 150,000<FONT> </FONT>shares issued (less the contributed $200,000 in cash)
resulted in a charge to stock<FONT>-based</FONT> compensation of $550,000 and is recorded in selling, general and administrative expenses
on the statement of operations. The remaining 300,000<FONT> </FONT>shares will be issued in the following schedule upon Wider&rsquo;s
successful completion of the following milestones (i) 50% upon successful completion of the fourth of four clinical trials pursuant to
the terms and conditions of the service agreements and (ii) 50% upon all four trials being published in international medical journals
satisfactory to the Company. As of June<FONT> </FONT>30, 2022, these milestones have not been met. In March&nbsp;2022, the Company entered
into a second supplement to the potential Joint Venture agreement with Wider, whereby the parties confirmed that the potential Joint Venture
had not yet been established and is subject to further review and analysis of regulatory issues in China and the United&nbsp;States, trade
and political issues between the two countries and potential changes in the use and market for the Company&rsquo;s products and technology.
Pursuant to the second supplement, the parties agreed to use their commercial efforts to complete documentation by September<FONT> </FONT>30,
2022.&nbsp; In light of general economic conditions in China and the United&nbsp;States, the continued impact of&nbsp;regulatory issues
within China and the United&nbsp;States and trade and political issues between the two counties, the parties determined to further extend
the time frame to complete establishment of the joint venture to September<FONT> </FONT>30, 2023 and entered into a supplement 3 to the
potential Joint Venture Agreement to memorialize such extension.&nbsp;&nbsp;The parties intend to continue to work together to complete
the establishment prior to such extended time. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the six months ended June<FONT> </FONT>30, 2022, the Company recorded $628,500 and $34,867 in device and other equipment revenue, respectively,
from Wider on the unaudited condensed consolidated statements of operations. At June<FONT> </FONT>30, 2022 there was $6,316 in accounts
receivable attributable to Wider.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-36</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
5&nbsp;&mdash; NON-CONSOLIDATED JOINT VENTURE AND RELATED PARTY TRANSACTIONS</FONT><FONT STYLE="font-style: normal; font-weight: bold">
</FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">U.S.
Asian Consulting Group, LLC</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
May<FONT> </FONT>9, 2018, the Company entered into a five<FONT>-year</FONT> consulting agreement with U.S. Asian Consulting Group, LLC
(&ldquo;U.S. Asian&rdquo;). The two members of U.S. Asian are shareholders in the Company and include Marilyn Elson who is the Chief Financial
Officer of the Company. Pursuant to the consulting agreement, U.S. Asian will provide consulting services to the Company with regards
to, among other things, corporate development and financing arrangements. The Company is to pay U.S. Asian $10,000 per month for services
rendered and, on October<FONT> </FONT>24, 2018, the Company issued 249,750<FONT> </FONT>shares of the Company&rsquo;s common stock to
U.S. Asian. The Company recorded consulting expenses related to the consulting agreement of $60,000 and $60,000 for the six months ended
June<FONT> </FONT>30, 2022 and 2021, respectively, on the Company&rsquo;s unaudited condensed consolidated statements of operations. At
June<FONT> </FONT>30, 2022 and December<FONT> </FONT>31, 2021, U.S. Asian was owed $457,419 and $399,320, respectively, for accrued and
unpaid services and expenses. With respect to the amount owed, U.S. Asian has agreed to defer payment of $250,000 until December<FONT>
</FONT>15, 2022.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Pursuant
to the consulting agreement, U.S Asian&rsquo;s shares in the Company consist of an anti<FONT>-dilution</FONT> provision whereas U.S. Asian&rsquo;s
security holdings, during the term of the consulting agreement, shall remain at 10% of the Company&rsquo;s total number of issued and
outstanding shares of the Company&rsquo;s common stock, on a fully diluted basis. In March&nbsp;2021, the Company entered into an agreement
with U.S. Asian pursuant to which U.S. Asian waived and relinquished any rights of protection against dilution afforded to it, provided
such dilution results from a transaction that (i)&nbsp;imputes a pre<FONT>-money</FONT> valuation to the Company of not less than $7<FONT>
</FONT>million, (ii)&nbsp;raises not less than $7<FONT> </FONT>million, and (iii)&nbsp;imputes a post<FONT>-money</FONT> valuation to
the Company of not less than $25<FONT> </FONT>million. In exchange for the waiver and relinquishment of such rights, the Company issued
shares of the Company&rsquo;s common stock in an amount sufficient for U.S. Asian (together with its owners) to own an aggregate amount
of fifteen (15%) percent of the Company&rsquo;s issued and outstanding shares of common stock as of the date of issuance. On June<FONT>
</FONT>22, 2021, the Company issued 304,570<FONT> </FONT>shares of common stock in satisfaction of the waiver (See Note 7). On November<FONT>
</FONT>29, 2021, the Company issued an additional 217,500<FONT> </FONT>shares of common stock, with a fair value of $5.00 per share, in
satisfaction of the waiver (see Note 7). In August&nbsp;2022 the Company issued an additional 17,699<FONT> </FONT>shares of common stock
in satisfaction of the waiver.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
December<FONT> </FONT>22, 2021, the Company entered into a one<FONT>-year</FONT> agreement with Leonard Osser to serve on the Company&rsquo;s
Board of Advisors. The agreement may be extended for an additional one<FONT>-year</FONT> term upon agreement of both parties. As consideration,
the Company will issue $80,000 in shares of the Company&rsquo;s common stock to Mr.<FONT> </FONT>Osser (see Note 7&nbsp;&mdash; Stockholders&rsquo;
Deficit&nbsp;&mdash; Shares To Be Issued). As of June<FONT> </FONT>30, 2022, these shares have yet to be issued.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
January<FONT> </FONT>11, 2022, the Company entered into an employment agreement with Marilyn Elson to serve as Chief Financial Officer
of the Company for a three<FONT>-year</FONT> term with an option for the Company and Ms.&nbsp;Elson to extend the term for an additional
two years.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Loan
Payable &ndash; Officer</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
November<FONT> </FONT>1, 2021, the Company received $200,000 from the Company&rsquo;s Chief Executive Officer. The loan has a principal
of $200,000, an interest rate of 9%, and a maturity date of the earlier of (i)&nbsp;October<FONT> </FONT>31, 2022 or (ii)&nbsp;the date
of the consummation of the initial public offering. Total interest expense on this note was $9,000 for the six months ended June<FONT>
</FONT>30, 2022. There was $200,000 outstanding at June<FONT> </FONT>30, 2022 and December<FONT> </FONT>31, 2021, respectively. With respect
to the amount owed under this loan, the Company&rsquo;s Chief Executive Officer has agreed to defer payment until December<FONT> </FONT>15,
2022.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-37</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
5&nbsp;&mdash; NON-CONSOLIDATED JOINT VENTURE AND RELATED PARTY TRANSACTIONS</FONT><FONT STYLE="font-style: normal; font-weight: bold">
</FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">Promissory
Notes</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
October<FONT> </FONT>19, 2018, the Company issued an on demand promissory note payable with the Company&rsquo;s Chairman of the Board
for $10,000 with interest to begin accruing on January<FONT> </FONT>1, 2020 at 5% per annum. Total interest expense on this note was $250
and $370 for the six months ended June<FONT> </FONT>30, 2022 and 2021, respectively.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
October<FONT> </FONT>25, 2018, the Company entered in a promissory note payable with an accredited investor for $50,000 due on October<FONT>
</FONT>25, 2019. Pursuant to the note, the maturity date was extended to October<FONT> </FONT>25, 2020. The promissory note bears interest
at 100% per annum and the note holder was issued shares of the Company&rsquo;s common stock in lieu of interest. On October<FONT> </FONT>7,
2020, the Company entered into a Letter of Agreement Addendum with the note holder, whereas, the Company agreed to make ten monthly principal
payments beginning November<FONT> </FONT>1, 2020 with the full principal amount to be paid in full by August<FONT> </FONT>31, 2021. In
addition, if the full principal amount was not paid in full by August<FONT> </FONT>31, 2021 the Company was to and did issue an additional
2,500<FONT> </FONT>shares of common stock to the noteholder. On November<FONT> </FONT>11, 2021, the Company entered into a Second Letter
of Agreement Addendum with the note holder, whereas, the Company agreed to continue making monthly payments beginning on December<FONT>
</FONT>1, 2021. Total interest expense related to this note was $11,543 and $25,000 for the six months ended June<FONT> </FONT>30, 2022
and 2021, respectively. During the six months ended June<FONT> </FONT>30, 2022 and 2021, the Company paid $10,000 and $4,600, respectively,
in cash towards the outstanding principal. The amount outstanding at June<FONT> </FONT>30, 2022 and December<FONT> </FONT>31, 2021, was
$17,200 and $27,200.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
6&nbsp;&mdash; LOANS PAYABLE</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Loans
Payable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
February<FONT> </FONT>4, 2021, under the U.S. Small Business Administration&rsquo;s Paycheck Protection Program, the Company entered into
a second note payable with a financial institution for $22,916 at an interest rate of 1% per annum and a maturity date of February<FONT>
</FONT>4, 2026. Pursuant to the note, principal and interest payments are deferred for ten months, which, at any time during the ten months
the Company may apply for loan forgiveness. The Company applied for loan forgiveness on a timely basis, and at June<FONT> </FONT>30, 2022,
the total amount of $22,916 had been forgiven.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Legacy
Ventures International, Inc.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
September<FONT> </FONT>11, 2017, the Company issued a promissory note (the &ldquo;Promissory Note&rdquo;) in favor of Legacy Ventures
International, Inc. (&ldquo;Legacy&rdquo;) as part of a commercial transaction with Legacy that was never consummated. The Promissory
Note was issued in the original principal amount of $500,000, with interest at 4% per annum and a maturity date of December<FONT> </FONT>31,
2017. As of June<FONT> </FONT>30, 2022, this promissory note is in default. The Company recorded $10,000 and $3,334 of interest expense
for the six months ended June<FONT> </FONT>30, 2022 and 2021, respectively. The amount outstanding at June<FONT> </FONT>30, 2022 and December<FONT>
</FONT>31, 2021 was $500,000.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
7 &mdash; </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Stockholders&rsquo;
DEFICIT</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Issuance
of Common Stock</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the six months ended June<FONT> </FONT>30, 2021, the Company issued an aggregate of 137,876<FONT> </FONT>shares of common stock to various
investors for cash proceeds of $603,657.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the six months ended June<FONT> </FONT>30, 2021, the Company issued an aggregate of 553,896<FONT> </FONT>shares of common stock with a
fair value range of $4.00 through $5.00 per share to various consultants for services rendered in lieu of cash for a compensation charge
of $2,863,230.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the six months ended June<FONT> </FONT>30, 2021, the company issued an aggregate of 10,507<FONT> </FONT>shares of common stock to various
note holders for the conversion of debt totaling $30,000 in principal and $8,625 in accrued interest.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-38</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
7 &mdash; </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Stockholders&rsquo;
DEFICIT</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> During
the six months ended June<FONT> </FONT>30, 2021, the Company issued an aggregate of 8,492<FONT> </FONT>shares of common stock to various
investors for the conversion of warrants. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the six months ended June<FONT> </FONT>30, 2022, the Company issued 850<FONT> </FONT>shares of common stock to an investor for cash proceeds
of $5,100 with a fair value of $6.00 per share.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the six months ended June<FONT> </FONT>30, 2022, the Company issued 24,390<FONT> </FONT>shares of common stock to a consultant for services
rendered in lieu of cash for an aggregate compensation charge of $150,000, of which, $75,000 was expensed during the six months ended
June<FONT> </FONT>30, 2022, in the unaudited condensed consolidated statement of operations.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Warrants</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
issuance of warrants to purchase shares of the Company&rsquo;s common stock including those attributed to debt issuances are summarized
as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 73.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.56%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Shares</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.84%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Weighted
        Average </FONT><FONT STYLE="font-style: normal; font-weight: bold">Exercise<BR>Price</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 73.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at January 1, 2022</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.56%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 73.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Exercised</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.56%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 73.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Expired
        or cancelled</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.56%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 73.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Outstanding
        at June 30, 2022</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.56%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table summarizes information about warrants to purchase shares of the Company&rsquo;s common stock outstanding and exercisable
at June<FONT> </FONT>30, 2022:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">Range
        of exercise prices</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Outstanding
        Warrants</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Weighted-<BR>Average<BR>Remaining<BR>Life
        In Years</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Weighted-<BR>Average<BR>Exercise<BR>Price</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 20%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Number<BR>Exercisable</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 17.01%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0">10.00</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">0.25</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.01%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 20%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 17.01%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 18.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">0.25</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.01%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">10.00</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 20%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">21,600</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
compensation expense attributed to the issuance of the warrants, if required to be recognized on the nature of the transaction, was recognized
as they vested/earned. These warrants are exercisable up to one year from the date of grant. All are currently exercisable.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Issuances
of warrants to purchase shares of the Company&rsquo;s common stock were as follows:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Shares
To Be Issued</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
December&nbsp;2021, the Company entered into one<FONT>-year</FONT> agreements with three individuals to serve on the Company&rsquo;s Board
of Advisors. Each agreement may be extended for an additional one<FONT>-year</FONT> term upon agreement of both parties. As consideration,
the Company is to issue an aggregate of $240,000 in shares of the Company&rsquo;s common stock. During the six months ended June<FONT>
</FONT>30, 2022, an aggregate of $120,000 of stock<FONT>-based</FONT> compensation was recorded in the unaudited condensed consolidated
statement of operations. As of June<FONT> </FONT>30, 2022, the shares were not issued.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the six months ended June<FONT> </FONT>30, 2022, the Board Directors approved the issuance of shares of common stock with an aggregate
fair value of $105,000 to its Board of Directors. The Company recorded $52,500 in stock<FONT>-based</FONT> compensation in the unaudited
condensed consolidated statements of operations. As of June<FONT> </FONT>30, 2022, these shares have yet to be issued. 17,499<FONT> </FONT>shares
were issued in August of 2022.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-39</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
7 &mdash; </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-variant: normal; text-transform: uppercase">Stockholders&rsquo;
DEFICIT</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> During
the six months ended June<FONT> </FONT>30, 2022, the Company recorded $21,600 in stock<FONT>-based</FONT> compensation to a consultant
for shares of common stock to be issued for client relations services in the unaudited condensed consolidated statement of operations.
As of June<FONT> </FONT>30, 2022, these shares have yet to be issued. 4,600<FONT> </FONT>shares were issued in August of 2022. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
8&nbsp;&mdash; COMMITMENTS AND CONTINGENCIES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Legal
Claims</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">There
are no material pending legal proceedings in which the Company or any of its subsidiaries is a party or in which any director, officer
or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of its voting securities, or security holder
is a party adverse to us or has a material interest adverse to the Company other than the following:</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Sarah
Veltz v. Nexalin Technology, Inc. et al.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Plaintiff,
Sarah Veltz, filed a lawsuit in this matter on January<FONT> </FONT>20, 2021 in Orange County Superior Court (Case&nbsp;No.&nbsp;30<FONT>-2021-01180164-CU-WT-CJC</FONT>)
(the &ldquo;Complaint&rdquo;) naming the Company and others as defendants. In her Complaint, Plaintiff contends that she was employed
by defendants, including Nexalin, and has not been paid all wages, including overtime wages and other benefits allegedly due her. Plaintiff
also contends that, during her employment, she was subjected to sexual harassment by the Company&rsquo;s then Chief Executive Officer.
Plaintiff seeks both compensatory and punitive damages. On March<FONT> </FONT>12, 2021, the Company filed its answer to the Complaint.
The court has set a jury trial in this matter for April<FONT> </FONT>24, 2023. Management&rsquo;s intent is to contest the allegations
vigorously and, as of the date of this report, is unable to provide an evaluation of the potential outcome of the litigation within the
probable or remote range or to provide an estimate of the amount of or a range of potential loss that might be incurred by the Company.
The Company believes its potential exposure to be approximately $50,000 and, as such, has accrued this amount on the unaudited consolidated
balance sheet at June<FONT> </FONT>30, 2022 and December<FONT> </FONT>31, 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Employment
Development Department</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
Company is currently engaged in settlement discussions with the Employment Development Department (EDD) of the state of California. This
matter involves issues related to our previous management&rsquo;s classification of certain work provided to or on behalf of the Company&rsquo;s
business as contract labor instead of employee labor. The EDD has subpoenaed six years&rsquo; worth of information from the Company and
currently is considering levying a $286,000 tax charge. Management have petitioned for reassessment and believe the hired workers at issue
were indeed actual contractors and not employees. All our business in California has been closed and moved out of the state. We have one
part time worker residing in California. An initial hearing before an EDD magistrate was held on April<FONT> </FONT>15, 2022. A second
hearing was held in June of 2022. We are now in negotiations with the EDD for a final settlement. The Company believes its potential exposure
to be approximately $286,000 and, as such, has accrued this amount on the unaudited condensed consolidated balance sheets at June<FONT>
</FONT>30, 2022 and December<FONT> </FONT>31, 2021.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
9&nbsp;&mdash; LEASES</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">With
the adoption of ASC 842, operating lease agreements are required to be recognized on the balance sheet as ROU assets and corresponding
lease liabilities.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">On
January<FONT> </FONT>1, 2022, the Company exercised its right to lease an additional 400 square feet of office space and an increase of
monthly rent of $500. In accordance with ASC 842 management accounted for this as a separate lease and, as a result, recorded an ROU asset
and lease liability of $11,359.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-40</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
9&nbsp;&mdash; LEASES</FONT><FONT STYLE="font-style: normal; font-weight: bold"> </FONT><FONT STYLE="font-style: normal; font-weight: bold; font-style: normal; font-weight: normal">(cont.)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> When
measuring lease liabilities for leases that were classified as operating leases, the Company discounted lease payments using its estimated
incremental borrowing rate at January<FONT> </FONT>1, 2022. The weighted average incremental borrowing rate applied was 9%. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Operating
leases are included in the condensed consolidated balance sheets as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Classification</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">June
        30,<BR>2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31, 2021</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Lease
        assets</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        lease cost ROU assets</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0">Assets</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">8,823</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        lease assets</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">8,823</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&mdash;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Lease
        liabilities</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        lease liabilities, current</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0">Current
        liabilities</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">48,356</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">40,845</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        lease liabilities, non-current</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0">Liabilities</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">30,486</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">49,089</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 48.72%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        lease liabilities</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 17.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">78,842</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">89,934</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
components of lease costs, which are included in income from operations in our unaudited condensed consolidated statements of operations,
were as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="5" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 30.77%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Six
        Months Ended<BR>June 30, </FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">2022</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">2021</FONT></P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Leases
        costs</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Operating
        lease costs</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">27,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">24,000</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Total
        lease costs</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">27,000</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">24,000</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Future
minimum payments under non<FONT>-cancelable</FONT> leases for operating leases for the remaining terms of the leases following the six
months ended June<FONT> </FONT>30, 2022:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">Fiscal
        Year</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Operating
        Leases</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Remainder
        of 2022</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">26,651</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">2023</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">53,675</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">2024</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">4,497</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total
        future minimum lease payments</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">84,823</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Amount
        representing interest</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">5,981</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Present
        value of net future minimum lease payments</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">78,842</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Additional
information related to leases is presented as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 14.1%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">June
        30,<BR>2022</FONT></P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">December
        31, 2021</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"><FONT STYLE="font-style: normal; font-weight: bold">Leases</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Weighted
        average remaining lease term</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1.50</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2.00</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Weighted
        average discount rate</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">9.9</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">10</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-top: 0pt; width: 67.95%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 12.39%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>
        </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-41</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-bottom: 10pt; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
TECHNOLOGY, INC. AND SUBSIDIARY<BR>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<BR>(UNAUDITED)</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
10&nbsp;&mdash; CONCENTRATION OF CREDIT RISK</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 9pt; margin-top: 9pt"> <FONT STYLE="font-style: italic; font-weight: normal"></FONT><FONT STYLE="font-style: italic; font-weight: normal">Revenues</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">One
customer, a related party, accounted for 90% of revenue for the six months ended June<FONT> </FONT>30, 2022.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Six
customers accounted for 65% of revenue for the six months ended June<FONT> </FONT>30, 2021, as set forth below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        A</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">13</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        B</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">11</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        C</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">11</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        D</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">10</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        E</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">10</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        F</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">10</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: italic; font-weight: normal">Accounts
Receivable</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Two
customers accounted for 68% or accounts receivable at June<FONT> </FONT>30, 2022.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        A</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">41</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.9%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        B&nbsp;&ndash; related party</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.11%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">27</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Three
customers accounted for 67% of the accounts receivable as of December<FONT> </FONT>31, 2021, as set forth below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.87%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        A</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">37</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.87%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        B</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">18</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 85.87%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Customer
        C</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 11.13%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0">12</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap; border-bottom-style: none; border-bottom-style: none">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: right; text-indent: 0; text-align: left">%</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">NOTE
11&nbsp;&mdash; SUBSEQUENT EVENTS</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Management
evaluated subsequent events and transactions that occurred after the balance sheet date, up to the date that the unaudited financial statements
were issued. Based upon this review management did not identify any subsequent events that would have required adjustment or disclosure
in the unaudited consolidated condensed financial statements.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">F-42</P>

<DIV STYLE="margin: 0; padding: 0">

<DIV STYLE="border-style: none; padding: 0in 0in 4pt; border-bottom-style: double; border-bottom-width: 6pt; margin-left: 0in; margin-right: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">&nbsp;</FONT></P></DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; margin-top: 80pt; margin-top: 80pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 12pt">
1,500,000 Units</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 60pt; text-align: center; margin-top: 60pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 16pt; font-variant: normal; text-transform: uppercase">Nexalin
Technology, Inc.</FONT><FONT STYLE="font-size: 16pt; font-variant: normal; text-transform: uppercase"> </FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-bottom: 60pt; margin-top: 20pt; text-align: center; margin-top: 20pt"><FONT STYLE="font-size: 12pt">[*]</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-bottom: 80pt; margin-top: 2pt; text-align: center; margin-top: 2pt"><FONT STYLE="font-style: normal; font-weight: bold; font-size: 14pt; font-variant: normal; text-transform: uppercase">Maxim
Group LLC</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-bottom: 80pt; margin-top: 2pt; text-align: center; margin-top: 2pt"> <FONT STYLE="font-style: normal; font-weight: bold; font-size: 14pt; font-variant: normal; text-transform: uppercase"></FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 14pt; font-variant: normal; text-transform: uppercase">SEPTEMBER</FONT><FONT STYLE="font-style: normal; font-weight: bold; font-size: 14pt; font-variant: normal; text-transform: uppercase">
__, 2022</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Until
and including _________, 2022 (25 days after the date of this prospectus), all dealers that buy, sell or trade the units, shares of common
stock or warrants, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the
dealers&rsquo; obligation to deliver a prospectus when acting as an underwriter and with respect to unsold allotments or subscriptions.</P>

<DIV STYLE="border-style: none; padding: 0in 0in 4pt; border-bottom-style: double; border-bottom-width: 6pt; margin-left: 0in; margin-right: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 50pt; margin-top: 50pt"><FONT STYLE="font-style: normal; font-weight: bold">&nbsp;</FONT></P></DIV>
</DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; color: #231f20; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">&nbsp;</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">PART
II</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">INFORMATION
NOT REQUIRED IN PROSPECTUS</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Item&nbsp;13.
</FONT><FONT STYLE="font-style: italic; font-weight: bold">Other Expenses of Issuance and Distribution.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following table sets forth all costs and expenses, other than underwriting discounts and commissions, payable by us in connection with
the sale of the units being registered in the registration statement of which this prospectus forms a part. All amounts shown are estimates
except for the SEC registration fee, the Financial Industry Regulatory Authority, or FINRA, &filig;ling fee and The Nasdaq Capital Market,
or Nasdaq, initial listing fee. </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 15.38%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Amount
        to be<BR>Paid</FONT></P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">SEC
        registration fee</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">1,919</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">FINRA
        &filig;ling fee</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">2,054</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">The
        Nasdaq listing fee</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">95,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Printing
        and miscellaneous expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">40,000</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Legal
        fees and expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">200,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Underwriter
        Expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">110,000</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Accounting
        fees and expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">100,000</P>
        </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Transfer
        agent and registrar fees and expenses</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">&nbsp;</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid; padding-top: 0in; padding-right: 0in; padding-bottom: 2px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">15,000</P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 83.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt">Total</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.75%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt; text-align: left">$</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-bottom: Black 0pt none; border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 13.68%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-left-width: 0pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-style: double; border-bottom-width: 2.5pt; border-bottom-style: double; padding-top: 0in; padding-right: 0in; padding-bottom: 1px; padding-left: 0in">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: right; text-indent: 0; margin-right: 0pt">563,972</P>
        </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal italic bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: left; text-indent: 0; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">Item&nbsp;14.
</FONT><FONT STYLE="font-style: italic; font-weight: bold">Indemni&filig;cation of Directors and Of&filig;cers.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
permitted by Section&nbsp;102 of the Delaware General Corporation Law, we have adopted provisions in our amended and restated certi&filig;cate
of incorporation and amended and restated bylaws that limit or eliminate the personal liability of our directors for a breach of their
&filig;duciary duty of care as a director. The duty of care generally requires that, when acting on behalf of the corporation, directors
exercise an informed business judgment based on all material information reasonably available to them. Consequently, a director will not
be personally liable to us or our stockholders for monetary damages for breach of &filig;duciary duty as a director, except for liability
for: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
breach of the director&rsquo;s duty of loyalty to us or our stockholders; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
act or omission not in good faith or that involves intentional misconduct or a knowing violation&nbsp;of&nbsp;law; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
act related to unlawful stock repurchases, redemptions or other distributions or payment of&nbsp;dividends;&nbsp;or </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>any
transaction from which the director derived an improper personal bene&filig;t. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">These
limitations of liability do not affect the availability of equitable remedies such as injunctive relief or rescission. Our amended and
restated certi&filig;cate of incorporation also authorizes us to indemnify our of&filig;cers, directors and other agents to the fullest
extent permitted under Delaware law. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">As
permitted by Section&nbsp;145 of the Delaware General Corporation Law, our amended and restated bylaws provide that: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>we
may indemnify our directors, of&filig;cers and employees to the fullest extent permitted by the Delaware General Corporation Law, subject
to limited exceptions; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>we
may advance expenses to our directors, of&filig;cers and employees in connection with a legal proceeding to the fullest extent permitted
by the Delaware General Corporation Law, subject to limited exceptions;&nbsp;and </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; list-style-position: outside; list-style-type: disc; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt"><FONT STYLE="font-size: 10pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
rights provided in our bylaws are not exclusive. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Our
amended and restated certi&filig;cate of incorporation, to be attached as Exhibit 3.2, and our amended and restated bylaws, to be attached
as Exhibit 3.3, provide for the indemni&filig;cation provisions described above and elsewhere herein. We have entered or will enter into,
and intend to continue to enter, into separate indemni&filig;cation agreements </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">II-1</P>

<DIV STYLE="margin: 0; padding: 0">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt; text-indent: 0pt">with
our directors and of&filig;cers that may be broader than the speci&filig;c indemni&filig;cation provisions contained in the Delaware General
Corporation Law. These indemni&filig;cation agreements generally require us, among other things, to indemnify our of&filig;cers and directors
against liabilities that may arise by reason of their status or service as directors or of&filig;cers, other than liabilities arising
from willful misconduct. These indemni&filig;cation agreements also generally require us to advance any expenses incurred by the directors
or of&filig;cers as a result of any proceeding against them as to which they could be indemni&filig;ed. These indemni&filig;cation provisions
and the indemni&filig;cation agreements may be suf&filig;ciently broad to permit indemni&filig;cation of our of&filig;cers and directors
for liabilities, including reimbursement of expenses incurred, arising under the Securities Act of 1933, as amended, or the Securities
Act. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">We
have purchased and currently intend to maintain insurance on behalf of each and every person who is or was a director or of&filig;cer
of our company against any loss arising from any claim asserted against him or her and incurred by him or her in any such capacity, subject
to certain exclusions. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
form of Underwriting Agreement, to be attached as Exhibit 1.1 hereto, provides for indemni&filig;cation by the underwriters of us and
our of&filig;cers and directors who sign this Registration Statement for speci&filig;ed liabilities, including matters arising under the
Securities Act. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Item&nbsp;15.
</FONT><FONT STYLE="font-style: italic; font-weight: bold">Recent Sales of Unregistered Securities.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: italic; font-weight: bold">Issuances
of Share Capital</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
following list sets forth information regarding all unregistered securities sold by us for the years ended December<FONT> </FONT>31, 2021
and 2020 and through the date of the prospectus that forms a part of this registration statement. Pursuant to our corporate reorganization,
all shares issued in connection with the transactions discussed below have been exchanged for the same number and classes of newly issued
shares of common stock of Nexalin Technology, Inc. See &ldquo;Corporate Reorganization.&rdquo; </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
offers, sales and issuances of the securities described in the paragraphs above were exempt from registration under Section&nbsp;4(a)(2)
of the Securities Act and Regulation D promulgated under the Securities Act. The recipients represented to us that they acquired the securities
for investment only and not with a view to or for sale in connection with any distribution thereof and appropriate legends were af&filig;xed
to the securities issued in these transactions. The recipients also represented to us that they were accredited investors as de&filig;ned
in Rule&nbsp;501 promulgated under the Securities Act. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 173,550<FONT> </FONT>shares of common stock to various
investors for cash proceeds of $684,296.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 150,000<FONT> </FONT>shares of common stock to various
investors in the Company&rsquo;s JV for cash proceeds of $200,000 pursuant to a certain services agreement. The Company recorded the excess
fair value of $550,000 as stock compensation expense.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 216,274<FONT> </FONT>shares of common stock with a fair
value of $5.00 per share to various consultants for services rendered in lieu of cash for a compensation charge of $1,409,523.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the company issued an aggregate of 11,664<FONT> </FONT>shares of common stock to various
note holders for the conversion of debt.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2020, the Company issued an aggregate of 16,250<FONT> </FONT>shares of common stock as a result
of the exercise of warrants to various investors for cash proceeds of $61,750. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the Company issued an aggregate of 297,099<FONT> </FONT>shares of common stock to various
investors for cash proceeds of $1,433,767.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the Company issued an aggregate of 865,861<FONT> </FONT>shares of common stock with a fair
value of $5.00 per share to various consultants for services rendered in lieu of cash for a compensation charge of $4,465,535.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the company issued an aggregate of 10,507<FONT> </FONT>shares of common stock to various
note holders for the conversion of debt.</P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">II-2</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the company issued an aggregate of 8,492<FONT> </FONT>shares of common stock to various
investors for the conversion of warrants.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the year ended December<FONT> </FONT>31, 2021, the Company issued an aggregate of 2,500<FONT> </FONT>shares of common stock with a fair
value of $5.00 per share to a note holder as inducement.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the three months ended March<FONT> </FONT>31, 2022, the Company issued 850<FONT> </FONT>shares of common stock to an investor for cash
proceeds of $5,100.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">During
the three months ended March<FONT> </FONT>31, 2022, the Company issued 24,390<FONT> </FONT>shares of common stock to a consultant for
services rendered in lieu of cash for an aggregate compensation charge of $150,000.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> On
August<FONT> </FONT>11, 2022, the Board approved the issuance of an aggregate of 59,798<FONT> </FONT>shares of common stock to persons
serving as the Company&rsquo;s independent directors or as consultants, including U.S. Asian which is controlled by Leonard Osser and
Marilyn Elson. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Item&nbsp;16.
</FONT><FONT STYLE="font-style: italic; font-weight: bold">Exhibits and Financial Statement Schedules.</FONT></P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-left: 24pt; margin-top: 9pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0"> <FONT STYLE="font-style: normal; font-weight: bold">Exhibit</FONT>
        <FONT STYLE="font-style: normal; font-weight: bold">Number</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Description
        of Document</FONT><FONT STYLE="text-decoration: underline"> </FONT> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 1.1* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622012325/nexalintechnology_ex1-1.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Form
        of Underwriting Agreement between the Company and Maxim Group LLC.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 3.1* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622007966/nexalintechnology_ex3-1.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Certificate
        of Incorporation, as amended and as currently in effect.</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 3.2** </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="nexalin_ex3-2.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Amended
        and Restated Bylaws.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 4.1* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000089109222000235/e14909ex4-1.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Form
        of Specimen stock certi&filig;cate evidencing shares of common stock.</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 4.2* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622007966/nexalintechnology_ex4-2.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Form
        of Warrant Agent Agreement between the Company and Continental Stock Transfer &amp; Trust Company</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 4.3* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622007966/nexalintechnology_ex4-2.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Form
        of Warrant Certificate (filed as part of Exhibit 4.2)</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 5.1* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622008910/nexalintechnology_ex5-1.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Opinion
        of Warshaw Burstein, LLP as to legality of the shares.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.1* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="text-decoration: underline; color: #215e9e"></FONT><A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000117494722000015/e14815ex10-1.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">potential
        Joint Venture</FONT><FONT STYLE="text-decoration: underline; color: #215e9e"> Agreement between the Company and Wider Limited, and Supplement
        thereto, dated as of September 21, 2018, as supplemented by Supplement Number 1.</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.2* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000117494722000015/e14815ex10-2.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Employment
        Agreement between the Company and Mark White dated as of February 15, 2021.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.3* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000117494722000015/e14815ex10-3.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Agreement
        between the Company and David Owens, M.D. dated as of February 15, 2021</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.4* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000117494722000015/e14815ex10-4.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Quality
        Assurance Agreement between the Company and Apical Instruments dated December 31, 2020.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.5* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000117494722000015/e14815ex10-5.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Advisor
        Agreement with Leonard Osser dated as of December 22,2021.</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.6* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000117494722000015/e14815ex10-6.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Advisor
        Agreement with Tucker Anderson dated as of December 24, 2021.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.7* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000117494722000015/e14815ex10-7.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Advisor
        Agreement with Gian Domenico Trombetta dated December 24, 2021.</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.8* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000089109222000235/e14909ex10-8.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Employment
        Agreement between the Company and Marilyn Elson dated as of January 11, 2022</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.9* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622007966/nexalintechnology_ex10-9.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Amendment
        and Deferral Agreement dated as of March 30, 2022 to Consulting Agreement between the Company and US Asian Consulting Group LLC </FONT></A> </P>
        </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.10* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="text-decoration: underline; color: #215e9e"></FONT><A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622007966/nexalintechnology_ex10-10.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Supplement
        Number 2 to </FONT><FONT STYLE="text-decoration: underline; color: #215e9e">potential Joint Venture</FONT><FONT STYLE="text-decoration: underline; color: #215e9e">
        Agreement dated as of March 1, 2022 between the Company and Wider Com Limited.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.11* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622007966/nexalintechnology_ex10-11.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Amendment
        to Employment Agreement with David Owens, M.D.</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.12** </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="text-decoration: underline; color: #215e9e"></FONT><A HREF="nexalin_ex10-12.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Form
        of Lock-Up Agreement.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.13* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="text-decoration: underline; color: #215e9e"></FONT><A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622007966/nexalintechnology_ex10-13.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Consulting
        Agreement dated as of May 9, 2018 as amended between the Company and US Asian Consulting Group, LLC</FONT><FONT STYLE="text-decoration: underline; color: #215e9e">,</FONT><FONT STYLE="text-decoration: underline; color: #215e9e">
        </FONT></A>as amended on January 2, 2019 and March 4, 2021 </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.14* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622007966/nexalintechnology_ex10-14.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Promissory
        Note in favor Mark White dated as of November 1, 2021, as amended</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 10.15* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622008910/nexalintechnology_ex10-15.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Distribution
        Authorization Agreement dated as of May 1, 2019 with Wider Com Limited.</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 23.1** </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="nexalin_ex23-1.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Consent
        of Friedman LLP, independent registered public accounting firm.</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 23.2* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622008910/nexalintechnology_ex5-1.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Consent
        of Warshaw Burstein, LLP (included in Exhibit 5.1). </FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 24.1* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/0001527352/000117494722000015/nexatypes12021.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Power
        of Attorney (previously filed in signature page to Amendment No.&nbsp;1 to this filing). </FONT></A> </P> </TD> </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">II-3</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0 3pt">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0"> <FONT STYLE="font-style: normal; font-weight: bold">Exhibit</FONT>
        <FONT STYLE="font-style: normal; font-weight: bold">Number</FONT> </P> </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"> <FONT STYLE="font-style: normal; font-weight: bold">Description
        of Document</FONT><FONT STYLE="text-decoration: underline"> </FONT> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 99.1** </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="text-decoration: underline; color: #215e9e"></FONT><A HREF="nexalin_ex99-1.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Code
        of Ethics</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 99.2** </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="text-decoration: underline; color: #215e9e"></FONT><A HREF="nexalin_ex99-2.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Audit
        Committee Charter</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 99.3** </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="text-decoration: underline; color: #215e9e"></FONT><A HREF="nexalin_ex99-3.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Compensation
        Committee Charter</FONT></A> </P> </TD> </TR>
  <TR>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 99.4** </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <FONT STYLE="text-decoration: underline; color: #215e9e"></FONT><A HREF="nexalin_ex99-4.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Nominating
        and Corporate Governance Committee Charter</FONT></A> </P> </TD> </TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; vertical-align: top; width: 7.37%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 10pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -10pt"> 107* </P>
        </TD>
    <TD VALIGN="TOP" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; vertical-align: top; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 91.35%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0"> <A HREF="http://www.sec.gov/Archives/edgar/data/1527352/000182912622008910/nexalintechnology_ex107.htm"><FONT STYLE="text-decoration: underline; color: #215e9e">Filing
        Fee Table</FONT></A> </P> </TD> </TR>
  </TABLE>

<P STYLE="border-style: none; margin: 0in 0in -5pt 24pt; font: 9pt Times New Roman, Times; padding: 0in; text-align: justify; text-justify: inter-ideograph; text-indent: -24pt; color: black">____________</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 10pt; text-align: left; text-indent: -24pt; margin-top: 10pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Previously
submitted. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">**
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Filed herewith. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 24pt; margin-right: 0; margin-top: 0; text-align: left; text-indent: -24pt; margin-top: 0pt">***&nbsp;&nbsp;&nbsp;&nbsp;to
be filed upon amendment.</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-left: 24pt; margin-top: 9pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;Financial
Statement Schedules. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">No
&filig;nancial statement schedules have been submitted because they are not required or are not applicable or because the information
required is included in the consolidated &filig;nancial statements or the notes thereto. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"><FONT STYLE="font-style: normal; font-weight: bold">Item&nbsp;17.
</FONT><FONT STYLE="font-style: italic; font-weight: bold">Undertakings.</FONT> </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
undersigned Registrant hereby undertakes to provide to the underwriters at the closing speci&filig;ed in the underwriting agreement, certi&filig;cates
in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser insofar
as indemni&filig;cation for liabilities arising under the Securities Act may be permitted to directors, of&filig;cers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemni&filig;cation is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemni&filig;cation against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, of&filig;cer or controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, of&filig;cer or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemni&filig;cation by it is against public policy as expressed in the Securities Act and will
be governed by the &filig;nal adjudication of such issue. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">The
undersigned Registrant hereby undertakes that: </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus &filig;led as part
of this Registration Statement in reliance upon Rule&nbsp;430A and contained in a form of prospectus &filig;led by the Registrant pursuant
to Rule&nbsp;424(b)(1) or (4)&nbsp;or 497(h) under the Securities Act shall be deemed to be part of this Registration Statement as of
the time it was declared effective. </P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 48pt; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: -24pt; margin-top: 9pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;For
the purpose of determining any liability under the Securities Act, each post<FONT>-effective</FONT> amendment that contains a form of
prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial <FONT STYLE="font-style: italic; font-weight: normal">bona &filig;de </FONT>offering thereof.
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">If
we fail to develop and successfully commercialize other current and future products, our business and future prospects may be harmed and
our business will be more vulnerable to any problems that we encounter in developing and commercializing our products. </P> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; page-break-after: always; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">II-4</P>

<DIV STYLE="border-width: 0; margin: 0; padding: 0; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 12.5pt; text-align: center; text-indent: 0; text-transform: uppercase; margin-top: 12.5pt"><FONT STYLE="font-style: normal; font-weight: bold">SIGNATURES</FONT>
</P>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt"> Pursuant
to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized on August<FONT> </FONT>24, 2022. </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 56.28%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="3" VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 42.44%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">NEXALIN
        TECHNOLOGY, INC. </FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; width: 56.28%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 2.82%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">By:</P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 38.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">/s/
        MARK WHITE </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 56.28%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 2.82%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 38.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 0pt"><FONT STYLE="font-style: italic; font-weight: normal">Mark
        White</FONT> </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 56.28%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 2.82%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 38.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 0pt"><FONT STYLE="font-style: italic; font-weight: normal">President
        and Chief Executive Of&filig;cer<BR>(principal executive officer)</FONT> </P> </TD> </TR>
  </TABLE>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 9pt; text-align: left; text-indent: 0; margin-top: 9pt">Pursuant
to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons
in the capacities and on the dates indicated. </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border: #000 0px solid; width: 100%; border-collapse: collapse; border-width: 0pt; margin: 10pt 0">
  <TR>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; width: 28.08%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: left; text-indent: 0"><FONT STYLE="font-style: normal; font-weight: bold">Name</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 46.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Position/Title</FONT></P>
        </TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; border-bottom-width: 0pt; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="padding: 2pt 3pt 4pt; border-bottom-style: solid; border-bottom-width: 1pt; border-left-width: 0pt; border-right-width: 0pt; border-top-style: solid; border-top-width: 0pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 23.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal bold 9pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 3pt; margin-top: 0; text-align: center; text-indent: 0; margin-right: 0pt"><FONT STYLE="font-style: normal; font-weight: bold">Date</FONT><FONT STYLE="text-decoration: underline">
        </FONT></P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; width: 28.08%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">/s/
        Mark White</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 46.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">President
        and Chief Executive Officer</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; border-top-width: 0pt; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 23.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"> August<FONT>
        </FONT>24, 2022 </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 28.08%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Mark
        White</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 46.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">(principal
        executive officer)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 23.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-top: 10pt; width: 28.08%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; border-bottom-style: none; border-bottom-width: 1pt; border-bottom-style: solid">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; margin-top: 9pt">/s/
        Marilyn Elson</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 46.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Chief
        Financial Officer</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; padding-top: 10pt; width: 23.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0; text-align: center"> August<FONT>
        </FONT>24, 2022 </P> </TD> </TR>
  <TR>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; width: 28.08%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">Marilyn
        Elson</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 46.03%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">
        <P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: left; text-indent: 0">(principal
        financial officer)</P> </TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 1.25%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt; white-space: nowrap">&nbsp;</TD>
    <TD VALIGN="BOTTOM" STYLE="border-width: 0pt; padding: 3pt; vertical-align: bottom; padding-left: 0pt; padding-right: 0pt; width: 23.33%; padding-top: 0in; padding-right: 0in; padding-bottom: 3px; padding-left: 0in; border-top-width: 0pt; border-right-width: 0pt; border-bottom-width: 0pt; border-left-width: 0pt">&nbsp;</TD>
        </TR>
  </TABLE> </DIV>

<P STYLE="border-width: 0; margin: 0; padding: 0; font: normal 10pt Times New Roman, Times, serif; margin-bottom: 0; margin-left: 0; margin-right: 0; margin-top: 0; text-align: center; text-indent: 0; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0pt; border-bottom-style: solid; border-bottom-width: 1px; margin-top: 10pt; margin-right: 0in; margin-bottom: 10pt; margin-left: 0in; text-align: center; font-size: 10pt; font-family: Times New Roman, Times; color: black">II-5</P>
</DIV>

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<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>2
<FILENAME>nexalin_ex3-2.htm
<DESCRIPTION>EXHIBIT 3.2
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
3.2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>&nbsp;</B></FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>AMENDED AND RESTATED BYLAWS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>NEXALIN TECHNOLOGY, INC.<BR>
(A DELAWARE CORPORATION)</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center; background-color: white">(As Amended to August 11, 2022)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>OFFICES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;1.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Registered
Office.</B>&nbsp;The registered office of Nexalin Technology Inc. (the &ldquo;<B><I>Corporation</I></B>&rdquo;) in the State of Delaware
shall be 1209 Orange Street, in the City of Wilmington, County of New Castle, 19801.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;2.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Other
Offices.</B>&nbsp;The Corporation shall also have and maintain an office or principal place of business at such place as may be fixed
by the Board of Directors of the Corporation (the &ldquo;<B><I>Board of Directors</I></B>&rdquo;), and may also have offices at such other
places, both within and without the State of Delaware, as the Board of Directors may from time to time determine or the business of the
Corporation may require.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>CORPORATE SEAL</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;3.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Corporate
Seal.</B>&nbsp;The Board of Directors may adopt a corporate seal. If adopted, the corporate seal shall consist of a die bearing the name
of the Corporation and the inscription, &ldquo;Corporate Seal-Delaware.&rdquo; Said seal may be used by causing it or a facsimile thereof
to be impressed or affixed or reproduced or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;III</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>STOCKHOLDERS&rsquo; MEETINGS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;4.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Place
of Meetings.</B>&nbsp;Meetings of the stockholders of the Corporation may be held at such place, either within or without the State of
Delaware, as may be determined from time to time by the Board of Directors. The Board of Directors may, in its sole discretion, determine
that the meeting shall not be held at any place, but may instead be held solely by means of remote communication as provided under the
Delaware General Corporation Law (&ldquo;<B><I>DGCL</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;5.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Annual
Meetings.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
annual meeting of the stockholders of the Corporation, for the purpose of election of directors and for such other business as may properly
come before it, shall be held on such date and at such time as may be designated from time to time by the Board of Directors. Nominations
of persons for election to the Board of Directors of the Corporation and the proposal of business to be considered by the stockholders
may be made at an annual meeting of stockholders: (i)&nbsp;pursuant to the Corporation&rsquo;s notice of meeting of stockholders (with
respect to business other than nominations); (ii)&nbsp;brought specifically by or at the direction of the Board of Directors; or (iii)&nbsp;by
any stockholder of the Corporation who was a stockholder of record at the time of giving the stockholder&rsquo;s notice provided for in
Section&nbsp;5(b)&nbsp;below, who is entitled to vote at the meeting and who complied with the notice procedures set forth in Section&nbsp;5.
For the avoidance of doubt, clause (iii)&nbsp;above shall be the exclusive means for a stockholder to make nominations and submit other
business (other than matters properly included in the Corporation&rsquo;s notice of meeting of stockholders and proxy statement under
Rule&nbsp;14a-8 under the Securities</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">Exchange Act of 1934, as amended, and the rules&nbsp;and
regulations thereunder (the &ldquo;<B><I>1934 Act</I></B>&rdquo;)) before an annual meeting of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">At
an annual meeting of the stockholders, only such business shall be conducted as is a proper matter for stockholder action under Delaware
law and as shall have been properly brought before the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(i)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">For
nominations for the election to the Board of Directors to be properly brought before an annual meeting by a stockholder pursuant to clause
(iii)&nbsp;of Section&nbsp;5(a)&nbsp;of these Amended and Restated Bylaws (these &ldquo;<B><I>Bylaws</I></B>&rdquo;), the stockholder
must deliver written notice to the Secretary of the Corporation at the principal executive offices of the Corporation on a timely basis
as set forth in Section&nbsp;5(b)(iii)&nbsp;and must update and supplement such written notice on a timely basis as set forth in Section&nbsp;5(c).
Such stockholder&rsquo;s notice shall set forth: (A)&nbsp;as to each nominee such stockholder proposes to nominate at the meeting: (1)&nbsp;the
name, age, business address and residence address of such nominee; (2)&nbsp;the principal occupation or employment of such nominee; (3)&nbsp;the
class and number of shares of each class of capital stock of the Corporation which are owned of record and beneficially by such nominee;
(4)&nbsp;the date or dates on which such shares were acquired and the investment intent of such acquisition; (5)&nbsp;a statement whether
such nominee, if elected, intends to tender, promptly following such person&rsquo;s failure to receive the required vote for election
or re-election at the next meeting at which such person would face election or re-election, an irrevocable resignation effective upon
acceptance of such resignation by the Board of Directors; and (6)&nbsp;such other information concerning such nominee as would be required
to be disclosed in a proxy statement soliciting proxies for the election of such nominee as a director in an election contest (even if
an election contest is not involved), or that is otherwise required to be disclosed pursuant to Section&nbsp;14 of the 1934 Act and the
rules&nbsp;and regulations promulgated thereunder (including such person&rsquo;s written consent to being named as a nominee and to serving
as a director if elected); and (B)&nbsp;the information required by Section&nbsp;5(b)(iv). The Corporation may require any proposed nominee
to furnish such other information as it may reasonably require to determine the eligibility of such proposed nominee to serve as an independent
director of the Corporation or that could be material to a reasonable stockholder&rsquo;s understanding of the independence, or lack thereof,
of such proposed nominee.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(ii)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Other
than proposals sought to be included in the Corporation&rsquo;s proxy materials pursuant to Rule&nbsp;14a-8 under the 1934 Act, for business
other than nominations for the election to the Board of Directors to be properly brought before an annual meeting by a stockholder pursuant
to clause (iii)&nbsp;of Section&nbsp;5(a)&nbsp;of these Bylaws, the stockholder must deliver written notice to the Secretary of the Corporation
at the principal executive offices of the Corporation on a timely basis as set forth in Section&nbsp;5(b)(iii), and must update and supplement
such written notice on a timely basis as set forth in Section&nbsp;5(c). Such stockholder&rsquo;s notice shall set forth: (A)&nbsp;as
to each matter such stockholder proposes to bring before the meeting, a brief description of the business desired to be brought before
the meeting, the reasons for conducting such business at the meeting, and any material interest (including any anticipated benefit of
such business to any Proponent (as defined below) other than solely as a result of its ownership of the Corporation&rsquo;s capital stock,
that is material to any Proponent individually, or to the Proponents in the aggregate) in such business of any Proponent; and (B)&nbsp;the
information required by Section&nbsp;5(b)(iv).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(iii)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">To
be timely, the written notice required by Section&nbsp;5(b)(i)&nbsp;or 5(b)(ii)&nbsp;must be received by the Secretary of the Corporation
at the principal executive offices of the Corporation not later than the close of business on the ninetieth (90</FONT><FONT STYLE="font-size: 6.5pt">th</FONT><FONT STYLE="font-size: 10pt">)
day nor earlier than the close of business on the one hundred twentieth (120</FONT><FONT STYLE="font-size: 6.5pt">th</FONT><FONT STYLE="font-size: 10pt">)
day prior to the first anniversary of the preceding year&rsquo;s annual meeting;&nbsp;<I>provided, however,</I>&nbsp;that, subject to
the last sentence of this Section&nbsp;5(b)(iii), in the event that no annual meeting was held during the preceding year or the date of
the annual meeting is advanced more than thirty (30) days prior to or delayed by more than thirty (30) days after the anniversary of the
preceding year&rsquo;s annual meeting, notice by the stockholder to be timely must be so received not earlier than the close of business
on the one hundred twentieth (120</FONT><FONT STYLE="font-size: 6.5pt">th</FONT><FONT STYLE="font-size: 10pt">) day prior to such annual
meeting and not later than the close of business on the later of the ninetieth (90</FONT><FONT STYLE="font-size: 6.5pt">th</FONT><FONT STYLE="font-size: 10pt">)
day prior to such annual meeting or the closing of business on the tenth (10</FONT><FONT STYLE="font-size: 6.5pt">th</FONT><FONT STYLE="font-size: 10pt">)
day following the day on which public announcement of the date of such meeting is first made. In no event shall an adjournment or a postponement
of an annual meeting for which notice has been given, or the public announcement thereof has been made, commence a new time period (or
extend any time period) for the giving of a stockholder&rsquo;s notice as described above.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(iv)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
written notice required by Section&nbsp;5(b)(i)&nbsp;or 5(b)(ii)&nbsp;shall also set forth, as of the date of the notice and as to the
stockholder giving the notice and the beneficial owner, if any, on whose behalf the nomination or proposal is made (each, a &ldquo;<B><I>Proponent</I></B>&rdquo;
and collectively, the &ldquo;<B><I>Proponents</I></B>&rdquo;): (A)&nbsp;the name and address of each Proponent, as they appear on the
Corporation&rsquo;s books; (B)&nbsp;the class, series and number of shares of the Corporation that are owned beneficially and of record
by each Proponent; (C)&nbsp;a description of any agreement, arrangement or understanding (whether oral or in writing) with respect to
such nomination or proposal between or among any Proponent and any of its affiliates or associates, and any others (including their names)
acting in concert, or otherwise under the agreement, arrangement or understanding, with any of the foregoing; (D)&nbsp;a representation
that the Proponents are holders of record or beneficial owners, as the case may be, of shares of the Corporation entitled to vote at the
meeting and intend to appear in person or by proxy at the meeting to nominate the person or persons specified in the notice (with respect
to a notice under Section&nbsp;5(b)(i)) or to propose the business that is specified in the notice (with respect to a notice under Section&nbsp;5(b)(ii));
(E)&nbsp;a representation as to whether the Proponents intend to deliver a proxy statement and form of proxy to holders of a sufficient
number of holders of the Corporation&rsquo;s voting shares to elect such nominee or nominees (with respect to a notice under Section&nbsp;5(b)(i))
or to carry such proposal (with respect to a notice under Section&nbsp;5(b)(ii)); (F)&nbsp;to the extent known by any Proponent, the name
and address of any other stockholder supporting the proposal on the date of such stockholder&rsquo;s notice; and (G)&nbsp;a description
of all Derivative Transactions (as defined below) by&nbsp;each Proponent during the previous twelve (12) month period, including the date
of the transactions and the class, series and number of securities involved in, and the material economic terms of, such Derivative Transactions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(c)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">A
stockholder providing written notice required by Section&nbsp;5(b)(i)&nbsp;or (ii)&nbsp;shall update and supplement such notice in writing,
if necessary, so that the information provided or required to be provided in such notice is true and correct in all material respects
as of (i)&nbsp;the record date for the meeting and (ii)&nbsp;the date that is five (5)&nbsp;business days prior to the meeting and, in
the event of any adjournment or postponement thereof, five (5)&nbsp;business days prior to such adjourned or postponed meeting. In the
case of an update and supplement pursuant to clause (i)&nbsp;of this Section&nbsp;5(c), such update and supplement shall be received by
the Secretary of the Corporation at the principal executive offices of the Corporation not later than five (5)&nbsp;business days after
the record date for the meeting. In the case of an update and supplement pursuant to clause (ii)&nbsp;of this Section&nbsp;5(c), such
update and supplement shall be received by the Secretary of the Corporation at the principal executive offices of the Corporation not
later than two (2)&nbsp;business days prior to the date for the meeting, and, in the event of any adjournment or postponement thereof,
two (2)&nbsp;business days prior to such adjourned or postponed meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(d)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Notwithstanding
anything in Section&nbsp;5(b)(iii)&nbsp;to the contrary, in the event that the number of directors in an Expiring Class&nbsp;(as defined
below) is increased and there is no public announcement of the appointment of a director to such class, or, if no appointment was made,
of the vacancy in such class, made by the Corporation at least ten (10)&nbsp;days before the last day a stockholder may deliver a notice
of nomination in accordance with Section&nbsp;5(b)(iii), a stockholder&rsquo;s notice required by this Section&nbsp;5 and which complies
with the requirements in Section&nbsp;5(b)(i), other than the timing requirements in Section&nbsp;5(b)(iii), shall also be considered
timely, but only with respect to nominees for any new positions in such Expiring Class&nbsp;created by such increase, if it shall be received
by the Secretary of the Corporation at the principal executive offices of the Corporation not later than the close of business on the
tenth (10th) day following the day on which such public announcement is first made by the Corporation. For purposes of this section, an
&ldquo;<B><I>Expiring Class</I></B>&rdquo; shall mean a class of directors whose term shall expire at the next annual meeting of stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(e)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">A
person shall not be eligible for election or re-election as a director unless the person is nominated either in accordance with clause
(ii)&nbsp;of Section&nbsp;5(a), or in accordance with clause (iii)&nbsp;of Section&nbsp;5(a). Except as otherwise required by law, the
chairperson of the meeting shall have the power and duty to determine whether a nomination or any business proposed to be brought before
the meeting was made, or proposed, as the case may be, in accordance with the procedures set forth in these Bylaws and, if any proposed
nomination or business is not in compliance with these Bylaws, or the Proponent does not act in accordance with the representations in
Sections 5(b)(iv)(D)&nbsp;and 5(b)(iv)(E), to declare that such proposal or nomination shall not be presented for stockholder action at
the meeting and shall be disregarded, notwithstanding that proxies in respect of such nominations or such business may have been solicited
or received.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(f)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing provisions of this Section&nbsp;5, in order to include information with respect to a stockholder proposal in the proxy statement
and form of proxy for a stockholders&rsquo; meeting, a stockholder must also comply with all applicable requirements of the 1934 Act and
the rules&nbsp;and regulations thereunder. Nothing in these Bylaws shall be deemed to affect any rights of stockholders to request inclusion
of proposals in the Corporation&rsquo;s proxy statement pursuant to Rule&nbsp;14a-8 under the 1934 Act;&nbsp;<I>provided, however,&nbsp;</I>that
any references in these Bylaws to the 1934 Act or the rules&nbsp;and regulations thereunder are not intended to and shall not limit the
requirements applicable to proposals and/or nominations to be considered pursuant to Section&nbsp;5(a)(iii)&nbsp;of these Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(g)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">For
purposes of Sections&nbsp;5 and 6,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(i)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">&ldquo;<B><I>affiliates</I></B>&rdquo;
and &ldquo;<B><I>associates</I></B>&rdquo; shall have the meanings set forth in Rule&nbsp;405 under the Securities Act of 1933, as amended
(the &ldquo;<B><I>1933 Act</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(ii)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">&ldquo;<B><I>Derivative
Transaction</I></B>&rdquo; means any agreement, arrangement, interest or understanding entered into by, or on behalf or for the benefit
of, any Proponent or any of its affiliates or associates, whether record or beneficial:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">(w)</FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">the
value of which is derived in whole or in part from the value of any class or series of shares or other securities of the Corporation,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">(x)</FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">which
otherwise provides any direct or indirect opportunity to gain or share in any gain derived from a change in the value of securities of
the Corporation,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">(y)</FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">the
effect or intent of which is to mitigate loss, manage risk or benefit of security value or price changes, or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; background-color: white"><FONT STYLE="font-size: 10pt">(z)</FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">which
provides the right to vote or increase or decrease the voting power of, such Proponent, or any of its affiliates or associates, with respect
to any securities of the Corporation,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">which agreement, arrangement, interest or understanding
may include, without limitation, any option, warrant, debt position, note, bond, convertible security, swap, stock appreciation right,
short position, profit interest, hedge, right to dividends, voting agreement, performance-related fee or arrangement to borrow or lend
shares (whether or not subject to payment, settlement, exercise or conversion in any such class or series), and any proportionate interest
of such Proponent in the securities of the Corporation held by any general or limited partnership, or any limited liability company, of
which such Proponent is, directly or indirectly, a general partner or managing member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(iii)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">&ldquo;<B><I>public
announcement</I></B>&rdquo; shall mean disclosure in a press release reported by the Dow Jones News Service, Associated Press, Business
Wire, GlobeNewswire or comparable national news service or in a document publicly filed by the Corporation with the Securities and Exchange
Commission pursuant to Section&nbsp;13, 14 or 15(d)&nbsp;of the 1934 Act; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; background-color: white"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;6.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Special
Meetings.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Special
meetings of the stockholders of the Corporation may be called, for any purpose as is a proper matter for stockholder action under Delaware
law, by (i)&nbsp;the Chairperson of the Board of Directors, (ii)&nbsp;the Chief Executive Officer if the Chairperson of the Board of Directors
is unavailable, or (iii)&nbsp;the Board of Directors pursuant to a resolution adopted by a majority of the total number of authorized
directors (whether or not there exist any vacancies in previously authorized directorships at the time any such resolution is presented
to the Board of Directors for adoption).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
Board of Directors shall determine the time and place, if any, of such special meeting. Upon determination of the time and place, if any,
of the meeting, the Secretary of the Corporation shall cause a notice of meeting to be given to the stockholders entitled to vote, in
accordance with the provisions of</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">Section&nbsp;7 of these Bylaws. No business may
be transacted at such special meeting other than specified in the notice of meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(c)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Nominations
of persons for election to the Board of Directors may be made at a special meeting of stockholders at which directors are to be elected
(i)&nbsp;by or at the direction of the Board of Directors or (ii)&nbsp;by any stockholder of the Corporation who is a stockholder of record
at the time of giving notice provided for in this paragraph, who shall be entitled to vote at the meeting and who delivers written notice
to the Secretary of the Corporation setting forth the information required by Section&nbsp;5(b)(i). In the event the Corporation calls
a special meeting of stockholders for the purpose of electing one or more directors to the Board of Directors, any such stockholder of
record may nominate a person or persons (as the case may be), for election to such position(s)&nbsp;as specified in the Corporation&rsquo;s
notice of meeting, if written notice setting forth the information required by Section&nbsp;5(b)(i)&nbsp;of these Bylaws shall be received
by the Secretary of the Corporation at the principal executive offices of the Corporation not later than the close of business on the
later of the ninetieth (90</FONT><FONT STYLE="font-size: 6.5pt">th</FONT><FONT STYLE="font-size: 10pt">) day prior to such meeting or
the tenth (10</FONT><FONT STYLE="font-size: 6.5pt">th</FONT><FONT STYLE="font-size: 10pt">) day following the day on which public announcement
is first made of the date of the special meeting and of the nominees proposed by the Board of Directors to be elected at such meeting.
The stockholder shall also update and supplement such information as required under Section&nbsp;5(c). In no event shall an adjournment
or a postponement of a special meeting for which notice has been given, or the public announcement thereof has been made, commence a new
time period for the giving of a stockholder&rsquo;s notice as described above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(d)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing provisions of this Section&nbsp;6, a stockholder must also comply with all applicable requirements of the 1934 Act and the
rules&nbsp;and regulations thereunder with respect to matters set forth in this Section&nbsp;6. Nothing in these Bylaws shall be deemed
to affect any rights of stockholders to request inclusion of proposals in the Corporation&rsquo;s proxy statement pursuant to Rule&nbsp;14a-8
under the 1934 Act;&nbsp;<I>provided, however,&nbsp;</I>that any references in these Bylaws to the 1934 Act or the rules&nbsp;and regulations
thereunder are not intended to and shall not limit the requirements applicable to nominations for the election to the Board of Directors
to be considered pursuant to Section&nbsp;6(c)&nbsp;of these Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;7.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Notice
of Meetings.</B>&nbsp;Except as otherwise provided by law, notice, given in writing or by electronic transmission, of each meeting of
stockholders shall be given not less than ten (10)&nbsp;nor more than sixty (60) days before the date of the meeting to each stockholder
entitled to vote at such meeting, such notice to specify the place, if any, date and hour, in the case of special meetings, the purpose
or purposes of the meeting, and the means of remote communications, if any, by which stockholders and proxy holders may be deemed to be
present in person and vote at any such meeting. If mailed, notice is given when deposited in the United States mail, postage prepaid,
directed to the stockholder at such stockholder&rsquo;s address as it appears on the records of the Corporation. Notice of the time, place,
if any, and purpose of any meeting of stockholders may be waived in writing, signed by the person entitled to notice thereof, or by electronic
transmission by such person, either before or after such meeting, and will be waived by any stockholder by his or her attendance thereat
in person, by remote communication, if applicable, or by proxy, except when the stockholder attends a meeting for the express purpose
of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened.
Any stockholder so waiving notice of such meeting shall be bound by the proceedings of any such meeting in all respects as if due notice
thereof had been given.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;8.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Quorum.</B>&nbsp;At
all meetings of stockholders, except where otherwise provided by statute or by the Amended and Restated Certificate of Incorporation,
or by these Bylaws, the presence, in person, by remote communication, if applicable, or by proxy duly authorized, of the holders of a
majority of the voting power of the outstanding shares of stock entitled to vote shall constitute a quorum for the transaction of business.
In the absence of a quorum, any meeting of stockholders may be adjourned, from time to time, either by the chairperson of the meeting
or by vote of the holders of a majority of the voting power of the shares represented thereat, but no other business shall be transacted
at such meeting. The stockholders present at a duly called or convened meeting, at which a quorum is present, may continue to transact
business until adjournment, notwithstanding the withdrawal of enough stockholders to leave less than a quorum. Except as otherwise provided
by statute or by applicable stock exchange rules, or by the Amended and Restated Certificate of Incorporation or these Bylaws, in all
matters other than the election of directors, the affirmative vote of the majority of voting power of the shares present in person, by
remote communication, if applicable, or represented by proxy at the meeting and entitled to vote generally on the subject matter shall
be the act of the stockholders. Except as otherwise provided by statute or by applicable stock exchange rules, the Amended and Restated
Certificate of Incorporation or these Bylaws, directors shall be elected by</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">a plurality of the votes of the shares present
in person, by remote communication, if applicable, or represented by proxy at the meeting and entitled to vote generally on the election
of directors. Where a separate vote by a class or classes or series is required, except where otherwise provided by the statute, or by
applicable stock exchange rules, or by the Amended and Restated Certificate of Incorporation or these Bylaws, a majority of the voting
power of the outstanding shares of such class or classes or series, present in person, by remote communication, if applicable, or represented
by proxy duly authorized, shall constitute a quorum entitled to take action with respect to that vote on that matter. Except where otherwise
provided by statute or by applicable stock exchange rules&nbsp;or by the Amended and Restated Certificate of Incorporation or these Bylaws,
the affirmative vote of the majority (plurality, in the case of the election of directors) of shares of such class or classes or series
present in person, by remote communication, if applicable, or represented by proxy at the meeting shall be the act of such class or classes
or series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;9.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Adjournment
and Notice of Adjourned Meetings.</B>&nbsp;Any meeting of stockholders, whether annual or special, may be adjourned from time to time
either by the chairperson of the meeting or by the vote of&nbsp; a majority of the voting power of the shares present in person, by remote
communication, if applicable, or represented by proxy at the meeting. When a meeting is adjourned to another time or place, if any, notice
need not be given of the adjourned meeting if the time and place, if any, thereof are announced at the meeting at which the adjournment
is taken. At the adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting.
If the adjournment is for more than thirty (30) days or if after the adjournment a new record date is fixed for the adjourned meeting,
a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;10.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Voting
Rights.</B>&nbsp;For the purpose of determining those stockholders entitled to vote at any meeting of the stockholders, except as otherwise
provided by law, only persons in whose names shares stand on the stock records of the Corporation on the record date, as provided in Section&nbsp;12
of these Bylaws, shall be entitled to vote at any meeting of stockholders. Every person entitled to vote shall have the right to do so
either in person, by remote communication, if applicable, or by an agent or agents authorized by a proxy granted in accordance with Delaware
law. An agent so appointed need not be a stockholder. No proxy shall be voted after three (3)&nbsp;years from its date of creation unless
the proxy provides for a longer period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;11.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Joint
Owners of Stock.</B>&nbsp;If shares or other securities having voting power stand of record in the names of two (2)&nbsp;or more persons,
whether fiduciaries, members of a partnership, joint tenants, tenants in common, tenants by the entirety, or otherwise, or if two (2)&nbsp;or
more persons have the same fiduciary relationship respecting the same shares, unless the Secretary of the Corporation is given written
notice to the contrary and is furnished with a copy of the instrument or order appointing them or creating the relationship wherein it
is so provided, their acts with respect to voting shall have the following effect: (a)&nbsp;if only one (1)&nbsp;votes, his or her act
binds all; (b)&nbsp;if more than one (1)&nbsp;votes, the act of the majority so voting binds all; (c)&nbsp;if more than one (1)&nbsp;votes,
but the vote is evenly split on any particular matter, each faction may vote the securities in question proportionally, or may apply to
the Delaware Court of Chancery for relief as provided in the DGCL, Section&nbsp;217(b). If the instrument filed with the Secretary of
the Corporation shows that any such tenancy is held in unequal interests, a majority or even-split for the purpose of subsection&nbsp;(c)&nbsp;of
Section&nbsp;11 shall be a majority or even-split in interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;12.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>List
of Stockholders.</B>&nbsp;The Secretary of the Corporation shall prepare and make, at least ten (10)&nbsp;days before every meeting of
stockholders, a complete list of the stockholders entitled to vote at said meeting, arranged in alphabetical order, showing the address
of each stockholder and the number and class of shares registered in the name of each stockholder. Such list shall be open to the examination
of any stockholder, for any purpose germane to the meeting, (a)&nbsp;on a reasonably accessible electronic network, provided that the
information required to gain access to such list is provided with the notice of the meeting, or (b)&nbsp;during ordinary business hours,
at the principal place of business of the Corporation. In the event that the Corporation determines to make the list available on an electronic
network, the Corporation may take reasonable steps to ensure that such information is available only to stockholders of the Corporation.
The list shall be open to examination of any stockholder during the time of the meeting as provided by law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;13.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Action
Without Meeting.&nbsp;</B>No action shall be taken by the stockholders except at an annual or special meeting of stockholders called in
accordance with these Bylaws, and no action shall be taken by the stockholders by written consent or by electronic transmission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;14.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Organization.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">At
every meeting of stockholders, the Chairperson of the Board of Directors, or, if a Chairperson has not been appointed or is absent, the
Chief Executive Officer, or if no Chief Executive Officer is then serving or is absent, the President, or, if the President is absent,
a chairperson of the meeting chosen by a majority in interest of the stockholders entitled to vote, present in person or by proxy, shall
act as chairperson. The Chairperson of the Board may appoint the Chief Executive Officer as chairperson of the meeting. The Secretary
of the Corporation, or, in his or her absence, an Assistant Secretary of the Corporation or other officer or other person directed to
do so by the chairperson of the meeting, shall act as secretary of the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
Board of Directors of the Corporation shall be entitled to make such rules&nbsp;or regulations for the conduct of meetings of stockholders
as it shall deem necessary, appropriate or convenient. Subject to such rules&nbsp;and regulations of the Board of Directors, if any, the
chairperson of the meeting shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts
as, in the judgment of such chairperson, are necessary, appropriate or convenient for the proper conduct of the meeting, including, without
limitation, establishing an agenda or order of business for the meeting, rules&nbsp;and procedures for maintaining order at the meeting
and the safety of those present, limitations on participation in such meeting to stockholders of record of the Corporation and their duly
authorized and constituted proxies and such other persons as the chairperson shall permit, restrictions on entry to the meeting after
the time fixed for the commencement thereof, limitations on the time allotted to questions or comments by participants and regulation
of the opening and closing of the polls for balloting on matters which are to be voted on by ballot. The date and time of the opening
and closing of the polls for each matter upon which the stockholders will vote at the meeting shall be announced at the meeting. Unless
and to the extent determined by the Board of Directors or the chairperson of the meeting, meetings of stockholders shall not be required
to be held in accordance with rules&nbsp;of parliamentary procedure.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;IV</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;15.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Number
and Term of Office.</B>&nbsp;The authorized number of directors of the Corporation shall be fixed in accordance with the Amended and Restated
Certificate of Incorporation. Directors need not be stockholders unless so required by the Amended and Restated Certificate of Incorporation.
If for any cause, the directors shall not have been elected at an annual meeting, they may be elected as soon thereafter as convenient
at a special meeting of the stockholders called for that purpose in the manner provided in these Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;16.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Powers.</B>&nbsp;The
business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors, except as may be otherwise
provided by statute or by the Amended and Restated Certificate of Incorporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;17.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Classes
of Directors.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">Subject to the rights of the holders of any series or class of Preferred Stock
which may be authorized from time to time to elect additional directors under specified circumstances, the Board of Directors shall consist
of and be comprised of a single class of directors, each director to have a term of one (1) year.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">Notwithstanding the foregoing
provisions of this Section&nbsp;17, each director shall serve until his or her successor is duly elected and qualified or until his or
her earlier death, resignation or removal. No decrease in the number of directors constituting the Board of Directors shall shorten the
term of any incumbent director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;18.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Vacancies.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">Unless otherwise provided
in the Amended and Restated Certificate of Incorporation, and subject to the rights of the holders of any series of Preferred Stock or
as otherwise provided by applicable law, any vacancies on the Board of Directors resulting from death, resignation, disqualification,
removal or other causes and any newly created directorships resulting from any increase in the number of directors shall, unless the Board
of Directors determines by resolution that any such vacancies or newly created directorships shall be filled by stockholders, be filled
only by the affirmative vote of a majority of the directors then in office, even though less than a quorum of the Board of Directors,
or by a sole remaining director, and not by the stockholders,&nbsp;<I>provided, however</I>, that whenever the holders of any class or
classes of stock or series thereof are entitled to elect one or more directors by the provisions of the Amended and Restated Certificate
of Incorporation, vacancies and newly created directorships of such class or classes or series shall, unless the Board of Directors determines
by resolution that any such vacancies or newly created directorships shall be filled by stockholders, be filled by a majority of the directors
elected by such class or classes or series thereof then in office, or by a sole remaining director so elected, and not by the stockholders.
Any director elected in accordance with the preceding sentence shall hold office for the remainder of the full term of the director for
which the vacancy was created or occurred and until such director&rsquo;s successor shall have been elected and qualified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">A vacancy in the Board of Directors shall be deemed
to exist under this Bylaw in the case of the death, removal or resignation of any director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;19.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Resignation.</B>&nbsp;Any
director may resign at any time by delivering his or her notice in writing or by electronic transmission to the Secretary of the Corporation,
such resignation to specify whether it will be effective at a particular time. If no such specification is made, the resignation shall
be deemed effective at the time of delivery of the resignation to the Secretary of the Corporation. When one or more directors shall resign
from the Board of Directors, effective at a future date, a majority of the directors then in office, including those who have so resigned,
shall have power to fill such vacancy or vacancies, the vote thereon to take effect when such resignation or resignations shall become
effective, and each director so chosen shall hold office for the unexpired portion of the term of the director whose place shall be vacated
and until his or her successor shall have been duly elected and qualified.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;20.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Removal.</B>&nbsp;Subject
to any limitation imposed by law, any individual director or directors may be removed with cause by the affirmative vote of the holders
of at least sixty-six and two-thirds percent (66 2/3%) of the voting power of all then outstanding shares of capital stock of the Corporation
entitled to vote generally at an election of directors, voting together as a single class.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;21.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Meetings.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Regular
Meetings.</B>&nbsp;Unless otherwise restricted by the Amended and Restated Certificate of Incorporation, regular meetings of the Board
of Directors may be held at any time or date and at any place within or without the State of Delaware which has been designated by the
Board of Directors and publicized among all directors, either orally or in writing, by telephone, including a voice-messaging system or
other system designed to record and communicate messages, facsimile, telegraph or telex, or by electronic mail or other electronic means.
No further notice shall be required for regular meetings of the Board of Directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Special
Meetings.&nbsp;</B>Unless otherwise restricted by the Amended and Restated Certificate of Incorporation, special meetings of the Board
of Directors may be held at any time and place within or without the State of Delaware whenever called by the Chairperson of the Board,
the Chief Executive Officer or a majority of the total number of authorized directors.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(c)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Meetings
by Electronic Communications Equipment.&nbsp;</B>Any member of the Board of Directors, or of any committee thereof, may participate in
a meeting by means of conference telephone or other communications equipment by means of which all persons participating in the meeting
can hear each other, and participation in a meeting by such means shall constitute presence in person at such meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(d)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Notice
of Special Meetings.&nbsp;</B>Notice of the time and place of all special meetings of the Board of Directors shall be orally or in writing,
by telephone, including a voice messaging system or other system or technology designed to record and communicate messages, facsimile,
telegraph or telex, or by electronic mail or other electronic means, during normal business hours, at least twenty-four (24) hours before
the date and time of the meeting. If notice is sent by U.S. mail, it shall be sent by first class mail, charges prepaid, at least three
(3)&nbsp;days before the date of the meeting. Notice of any meeting may be waived in writing, or by electronic transmission, at any time
before or after the meeting and will be waived by any director by attendance thereat, except when the director attends the meeting for
the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully
called or convened.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(e)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Waiver
of Notice.&nbsp;</B>The transaction of all business at any meeting of the Board of Directors, or any committee thereof, however called
or noticed, or wherever held, shall be as valid as though it had been transacted at a meeting duly held after regular call and notice,
if a quorum be present and if, either before or after the meeting, each of the directors not present who did not receive notice shall
sign a written waiver of notice or shall waive notice by electronic transmission. All such waivers shall be filed with the corporate records
or made a part of the minutes of the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;22.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Quorum
and Voting.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">Unless
the Amended and Restated Certificate of Incorporation requires a greater number, and except with respect to questions related to indemnification
arising under Section&nbsp;44 for which a quorum shall be one-third of the exact number of directors fixed from time to time, a quorum
of the Board of Directors shall consist of a majority of the exact number of directors fixed from time to time by the Board of Directors
in accordance with the Amended and Restated Certificate of Incorporation;&nbsp;<I>provided, however,</I>&nbsp;at any meeting whether a
quorum be present or otherwise, a majority of the directors present may adjourn from time to time until the time fixed for the next regular
meeting of the Board of Directors, without notice other than by announcement at the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">At
each meeting of the Board of Directors at which a quorum is present, all questions and business shall be determined by the affirmative
vote of a majority of the directors present, unless a different vote be required by law, the Amended and Restated Certificate of Incorporation
or these Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;23.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Action
Without Meeting.</B>&nbsp;Unless otherwise restricted by the Amended and Restated Certificate of Incorporation or these Bylaws, any action
required or permitted to be taken at any meeting of the Board of Directors or of any committee thereof may be taken without a meeting,
if all members of the Board of Directors or committee, as the case may be, consent thereto in writing or by electronic transmission, and
such writing or writings or transmission or transmissions are filed with the minutes of proceedings of the Board of Directors or committee.
Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained
in electronic form.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;24.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Fees
and Compensation.</B>&nbsp;Directors shall be entitled to such compensation for their services as may be approved by the Board of Directors,
including, if so approved, by resolution of the Board of Directors, a fixed sum and expenses of attendance, if any, for attendance at
each regular or special meeting of the Board of Directors and at any meeting of a committee of the Board of Directors. Nothing herein
contained shall be construed to preclude any director from serving the Corporation in any other capacity as an officer, agent, employee,
or otherwise and receiving compensation therefor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;25.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Committees.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Executive
Committee.</B>&nbsp;The Board of Directors may designate an Executive Committee to consist of one (1)&nbsp;or more members of the Board
of Directors. The Executive Committee, to the extent permitted</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">by law and provided in the resolution of the
Board of Directors shall have and may exercise all the powers and authority of the Board of Directors in the management of the business
and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which may require it; but no
such committee shall have the power or authority in reference to (i)&nbsp;approving or adopting, or recommending to the stockholders,
any action or matter (other than the election or removal of directors) expressly required by the DGCL to be submitted to stockholders
for approval, or (ii)&nbsp;adopting, amending or repealing any Bylaw of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Other
Committees.</B>&nbsp;The Board of Directors may, from time to time, designate such other committees as may be permitted by law. Such other
committees designated by the Board of Directors shall consist of one (1)&nbsp;or more members of the Board of Directors and shall have
such powers and perform such duties as may be prescribed by the resolution or resolutions creating such committees, but in no event shall
any such committee have the power or authority in reference to (i)&nbsp;approving or adopting, or recommending to the stockholders, any
action or matter (other than the election or removal of directors) expressly required by the DGCL to be submitted to stockholders for
approval, or (ii)&nbsp;adopting, amending or repealing any Bylaw of the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(c)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Term.</B>&nbsp;The
Board of Directors, subject to any requirements of any outstanding series of Preferred Stock and the provisions of subsections&nbsp;(a)&nbsp;or
(b)&nbsp;of this Section&nbsp;25, may at any time increase or decrease the number of members of a committee or terminate the existence
of a committee. The membership of a committee member shall terminate on the date of his or her death or voluntary resignation from the
committee or from the Board of Directors. The Board of Directors may at any time for any reason remove any individual committee member
and the Board of Directors may fill any committee vacancy created by death, resignation, removal or increase in the number of members
of the committee. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any
absent or disqualified member at any meeting of the committee, and, in addition, in the absence or disqualification of any member of a
committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not he or they constitute
a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified
member.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(d)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Meetings.</B>&nbsp;Unless
the Board of Directors shall otherwise provide, regular meetings of the Executive Committee or any other committee designated pursuant
to this Section&nbsp;25 shall be held at such times and places as are determined by the Board of Directors, or by any such committee,
and when notice thereof has been given to each member of such committee, no further notice of such regular meetings need be given thereafter.
Special meetings of any such committee may be held at any place which has been determined from time to time by such committee, and may
be called by any director who is a member of such committee, upon notice to the members of such committee of the time and place of such
special meeting given in the manner provided for the giving of notice to members of the Board of Directors of the time and place of special
meetings of the Board of Directors. Notice of any special meeting of any committee may be waived in writing or by electronic transmission
at any time before or after the meeting and will be waived by any director by attendance thereat, except when the director attends such
special meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the
meeting is not lawfully called or convened. Unless otherwise provided by the Board of Directors in the resolutions authorizing the creation
of the committee, a majority of the authorized number of members of any such committee shall constitute a quorum for the transaction of
business, and the act of a majority of those present at any meeting at which a quorum is present shall be the act of such committee. Unless
the Board of Directors shall otherwise provide, each committee shall conduct its business in the same manner as the Board of Directors
conducts its business pursuant to Article&nbsp;IV of these Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;26.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Duties
of Chairperson of the Board of Directors and Lead Independent Director.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
Chairperson of the Board of Directors, if appointed and when present, shall preside at all meetings of the stockholders and the Board
of Directors. The Chairperson of the Board of Directors shall perform other duties commonly incident to the office and shall also perform
such other duties and have such other powers, as the Board of Directors shall designate from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt">The
Chairperson of the Board of Directors, or if the Chairperson is not an independent director, one of the independent directors, may be
designated by the Board of Directors as lead independent director</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">to serve until replaced by the Board of Directors
(&ldquo;<B><I>Lead Independent Directo</I></B>r&rdquo;). The Lead Independent Director will perform such other duties as may be established
or delegated by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;27.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Organization.</B>&nbsp;At
every meeting of the directors, the Chairperson of the Board of Directors, or, if a Chairperson has not been appointed or is absent, the
Lead Independent Director, or if the Lead Independent Director has not been appointed or is absent,&nbsp; the Chief Executive Officer
(if a director), or, if a Chief Executive Officer is absent, the President (if a director), or if the President is absent, the most senior
Vice President (if a director), or, in the absence of any such person, a chairperson of the meeting chosen by a majority of the directors
present, shall preside over the meeting. The Secretary of the Corporation, or in his or her absence, any Assistant Secretary of the Corporation
or other officer, director or other person directed to do so by the person presiding over the meeting, shall act as secretary of the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;V</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>OFFICERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;28.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Officers
Designated.</B>&nbsp;The officers of the Corporation shall include, if and when designated by the Board of Directors, the Chief Executive
Officer, the President, one or more Vice Presidents, the Secretary, the Chief Financial Officer and the Treasurer. The Board of Directors
may also appoint one or more Assistant Secretaries and Assistant Treasurers and such other officers and agents with such powers and duties
as it shall deem necessary. The Board of Directors may assign such additional titles to one or more of the officers as it shall deem appropriate.
Any one person may hold any number of offices of the Corporation at any one time unless specifically prohibited therefrom by law. The
salaries and other compensation of the officers of the Corporation shall be fixed by or in the manner designated by the Board of Directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;29.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Tenure
and Duties of Officers.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(a)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>General.</B>&nbsp;All
officers shall hold office at the pleasure of the Board of Directors and until their successors shall have been duly elected and qualified,
unless sooner removed. Any officer elected or appointed by the Board of Directors may be removed at any time by the Board of Directors.
If the office of any officer becomes vacant for any reason, the vacancy may be filled by the Board of Directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(b)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Duties
of Chief Executive Officer.</B>&nbsp;The Chief Executive Officer shall preside at all meetings of the stockholders and at all meetings
of the Board of Directors (if a director), unless the Chairperson of the Board of Directors or the Lead Independent Director has been
appointed and is present. Unless an officer has been appointed Chief Executive Officer of the Corporation, the President shall be the
chief executive officer of the Corporation and shall, subject to the control of the Board of Directors, have general supervision, direction
and control of the business and officers of the Corporation. To the extent that a Chief Executive Officer has been appointed and no President
has been appointed, all references in these Bylaws to the President shall be deemed references to the Chief Executive Officer. The Chief
Executive Officer shall perform other duties commonly incident to the office and shall also perform such other duties and have such other
powers, as the Board of Directors shall designate from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(c)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Duties
of President</B>. The President shall preside at all meetings of the stockholders and at all meetings of the Board of Directors (if a
director), unless the Chairperson of the Board of Directors, the Lead Independent Director or the Chief Executive Officer has been appointed
and is present. Unless another officer has been appointed Chief Executive Officer of the Corporation, the President shall be the chief
executive officer of the Corporation and shall, subject to the control of the Board of Directors, have general supervision, direction
and control of the business and officers of the Corporation. The President shall perform other duties commonly incident to the office
and shall also perform such other duties and have such other powers, as the Board of Directors shall designate from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(d)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Duties
of Vice Presidents.</B>&nbsp;A Vice President may assume and perform the duties of the President in the absence or disability of the President
or whenever the office of President is vacant.&nbsp; A Vice</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">President shall perform other duties commonly
incident to their office and shall also perform such other duties and have such other powers as the Board of Directors or the Chief Executive
Officer, or, if the Chief Executive Officer has not been appointed or is absent, the President shall designate from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(e)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Duties
of Secretary.</B>&nbsp;The Secretary of the Corporation shall attend all meetings of the stockholders and of the Board of Directors and
shall record all acts and proceedings thereof in the minute book of the Corporation. The Secretary of the Corporation shall give notice
in conformity with these Bylaws of all meetings of the stockholders and of all meetings of the Board of Directors and any committee thereof
requiring notice. The Secretary of the Corporation shall perform all other duties provided for in these Bylaws and other duties commonly
incident to the office and shall also perform such other duties and have such other powers, as the Board of Directors shall designate
from time to time. The Chief Executive Officer, or if no Chief Executive Officer is then serving, the President may direct any Assistant
Secretary of the Corporation or other officer to assume and perform the duties of the Secretary in the absence or disability of the Secretary,
and each Assistant Secretary of the Corporation shall perform other duties commonly incident to the office and shall also perform such
other duties and have such other powers as the Board of Directors or the Chief Executive Officer, or if no Chief Executive Officer is
then serving, the President shall designate from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(f)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Duties
of Chief Financial Officer.</B>&nbsp;The Chief Financial Officer shall keep or cause to be kept the books of account of the Corporation
in a thorough and proper manner and shall render statements of the financial affairs of the Corporation in such form and as often as required
by the Board of Directors or the Chief Executive Officer, or if no Chief Executive officer is then serving, the President. The Chief Financial
Officer, subject to the order of the Board of Directors, shall have the custody of all funds and securities of the Corporation. The Chief
Financial Officer shall perform other duties commonly incident to the office and shall also perform such other duties and have such other
powers as the Board of Directors or the Chief Executive Officer, or if no Chief Executive Officer is then serving, the President shall
designate from time to time. To the extent that a Chief Financial Officer has been appointed and no Treasurer has been appointed, all
references in these Bylaws to the Treasurer shall be deemed references to the Chief Financial Officer. The President may direct the Treasurer,
if any, or any Assistant Treasurer, or the controller or any assistant controller to assume and perform the duties of the Chief Financial
Officer in the absence or disability of the Chief Financial Officer, and each Treasurer and Assistant Treasurer and each controller and
assistant controller shall perform other duties commonly incident to the office and shall also perform such other duties and have such
other powers as the Board of Directors or the Chief Executive Officer, or if no Chief Executive Officer is then serving, the President
shall designate from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 10pt"><B>(g)</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Duties
of Treasurer.</B>&nbsp;Unless another officer has been appointed Chief Financial Officer of the Corporation, the Treasurer shall be the
chief financial officer of the Corporation and shall keep or cause to be kept the books of account of the Corporation in a thorough and
proper manner and shall render statements of the financial affairs of the Corporation in such form and as often as required by the Board
of Directors or the Chief Executive Officer, or if no Chief Executive Officer is then serving, the President, and, subject to the order
of the Board of Directors, shall&nbsp;have the custody of all funds and securities of the Corporation. The Treasurer shall perform other
duties commonly incident to the office and shall also perform such other duties and have such other powers as the Board of Directors or
the Chief Executive Officer, or if no Chief Executive Officer is then serving, the President and the Chief Financial Officer (if not Treasurer)
shall designate from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;30.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Delegation
of Authority.</B>&nbsp;The Board of Directors may from time to time delegate the powers or duties of any officer to any other officer
or agent, notwithstanding any provision hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;31.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Resignations.</B>&nbsp;Any
officer may resign at any time by giving notice in writing or by electronic transmission to the Board of Directors or to the Chief Executive
Officer, or if no Chief Executive Officer is then serving, the President or to the Secretary of the Corporation. Any such resignation
shall be effective when received by the person or persons to whom such notice is given, unless a later time is specified therein, in which
event the resignation shall become effective at such later time. Unless otherwise specified in such notice, the acceptance of any such
resignation shall not be necessary to make it effective. Any resignation shall be without prejudice to the rights, if any, of the Corporation
under any contract with the resigning officer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;32.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Removal.</B>&nbsp;Any
officer may be removed from office at any time, either with or without cause, by the affirmative vote of a majority of the directors in
office at the time, or by the unanimous written consent</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">of the directors in office at the time, or by
any committee or by the Chief Executive Officer or by other superior officers upon whom such power of removal may have been conferred
by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;VI</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>EXECUTION OF CORPORATE
INSTRUMENTS AND VOTING OF SECURITIES OWNED BY THE CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 10pt"><B>Section&nbsp;33.</B></FONT><FONT STYLE="font-size: 3pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 10pt"><B>Execution
of Corporate Instruments.</B>&nbsp;The Board of Directors may, in its discretion, determine the method and designate the signatory officer
or officers, or other person or persons, to execute on behalf of the Corporation any corporate instrument or document, or to sign on behalf
of the Corporation the corporate name without limitation, or to enter into contracts on behalf of the Corporation, except where otherwise
provided by law or these Bylaws, and such execution or signature shall be binding upon the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">All checks and drafts drawn
on banks or other depositaries on funds to the credit of the Corporation or in special accounts of the Corporation shall be signed by
such person or persons as the Board of Directors shall authorize so to do.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">Unless authorized or ratified
by the Board of Directors or within the agency power of an officer, no officer, agent or employee shall have any power or authority to
bind the Corporation by any contract or engagement or to pledge its credit or to render it liable for any purpose or for any amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;34.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Voting
of Securities Owned By the Corporation.</B>&nbsp;All stock and other securities of other Corporations owned or held by the Corporation
for itself, or for other parties in any capacity, shall be voted, and all proxies with respect thereto shall be executed, by the person
authorized so to do by resolution of the Board of Directors, or, in the absence of such authorization, by the Chairperson of the Board
of Directors, the Chief Executive Officer, the President, or any Vice President.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;VII</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>SHARES OF STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;35.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Form&nbsp;and
Execution of Certificates.</B>&nbsp;The shares of the Corporation shall be represented by certificates, or shall be uncertificated if
so provided by resolution or resolutions of the Board of Directors. Certificates for the shares of stock, if any, shall be in such form
as is consistent with the Amended and Restated Certificate of Incorporation and applicable law. Every holder of stock in the Corporation
represented by certificate shall be entitled to have a certificate signed by or in the name of the Corporation by any two authorized officers
of the Corporation, including but not limited to, the Chief Executive Officer, the President, the Chief Financial Officer, any Vice President,
the Treasurer or Assistant Treasurer or the Secretary or Assistant Secretary, certifying the number of shares owned by him in the Corporation.
Any or all of the signatures on the certificate may be facsimiles. In case any officer, transfer agent, or registrar who has signed or
whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent, or registrar before
such certificate is issued, it may be issued with the same effect as if he were such officer, transfer agent, or registrar at the date
of issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;36.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Lost
Certificates.</B>&nbsp;A new certificate or certificates shall be issued in place of any certificate or certificates theretofore issued
by the Corporation alleged to have been lost, stolen, or destroyed, upon the making of an affidavit of that fact by the person claiming
the certificate of stock to be lost, stolen, or destroyed. The Corporation may require, as a condition precedent to the issuance of a
new certificate or certificates, the owner of such lost, stolen, or destroyed certificate or certificates, or the owner&rsquo;s legal
representative, to agree to indemnify the Corporation in such manner as it shall require or to give the Corporation a surety bond in such
form and amount as it may direct as indemnity against any claim that may be made against the Corporation with respect to the certificate
alleged to have been lost, stolen, or destroyed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;37.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Transfers.</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(a)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Transfers of record of shares of stock of the Corporation shall be made only upon its books by the holders thereof, in person or by attorney
duly authorized, and, in the case of stock represented by certificate, upon the surrender of a properly endorsed certificate or certificates
for a like number of shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(b)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Corporation shall have power to enter into and perform any agreement with any number of stockholders of any one or more classes of
stock of the Corporation to restrict the transfer of shares of stock of the Corporation of any one or more classes owned by such stockholders
in any manner not prohibited by the DGCL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;38.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Fixing
Record Dates.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(a)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment
thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the
record date is adopted by the Board of Directors, and which record date shall, subject to applicable law, not be more than sixty (60)
nor less than ten (10)&nbsp;days before the date of such meeting. If no record date is fixed by the Board of Directors, the record date
for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day
next preceding the day on which notice is given, or if notice is waived, at the close of business on the day next preceding the day on
which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall
apply to any adjournment of the meeting;&nbsp;<I>provided, however,</I>&nbsp;that the Board of Directors may fix a new record date for
the adjourned meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(b)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment
of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion or exchange of stock, or for the
purpose of any other lawful action, the Board of Directors may fix, in advance, a record date, which record date shall not precede the
date upon which the resolution fixing the record date is adopted, and which record date shall be not more than sixty (60) days prior to
such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business
on the day on which the Board of Directors adopts the resolution relating thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;39.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Registered
Stockholders.</B>&nbsp;The Corporation shall be entitled to recognize the exclusive right of a person registered on its books as the owner
of shares to receive dividends, and to vote as such owner, and shall not be bound to recognize any equitable or other claim to or interest
in such share or shares on the part of any other person whether or not it shall have express or other notice thereof, except as otherwise
provided by the laws of Delaware.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;VIII</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>OTHER SECURITIES OF THE
CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;40.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Execution
of Other Securities.</B>&nbsp;All bonds, debentures and other corporate securities of the Corporation, other than stock certificates (covered
in Section&nbsp;35), may be signed by the Chief Executive Officer, the President or any Vice President, or such other person as may be
authorized by the Board of Directors, and if such securities require it, the corporate seal may be impressed thereon or a facsimile of
such seal may be imprinted thereon and attested by the signature of the Secretary of the Corporation or an Assistant Secretary of the
Corporation, or the Chief Financial Officer or Treasurer or an Assistant Treasurer;&nbsp;<I>provided, however,</I>&nbsp;that where any
such bond, debenture or other corporate security shall be authenticated by the manual signature, or where permissible facsimile signature,
of a trustee under an indenture pursuant to which such bond, debenture or other corporate security shall be issued, the signatures of
the persons signing and attesting the corporate seal on such bond, debenture or other corporate security may be the imprinted facsimile
of the signatures of such persons. Interest coupons appertaining to any such bond, debenture or other corporate security, authenticated
by a trustee as aforesaid, shall be signed by the Treasurer or an Assistant Treasurer of the Corporation or such other person as may be
authorized by the Board of Directors, or bear imprinted thereon the facsimile signature of such person. In case any officer who shall
have signed or attested any bond, debenture or other corporate security, or whose facsimile signature shall appear thereon or on any such
interest coupon, shall have ceased to be such officer before the bond,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">debenture or other corporate security so signed
or attested shall have been delivered, such bond, debenture or other corporate security nevertheless may be adopted by the Corporation
and issued and delivered as though the person who signed the same or whose facsimile signature shall have been used thereon had not ceased
to be such officer of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;IX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>DIVIDENDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;41.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Declaration
of Dividends.</B>&nbsp;Dividends upon the capital stock of the Corporation, subject to the provisions of the Amended and Restated Certificate
of Incorporation and applicable law, if any, may be declared by the Board of Directors pursuant to law at any regular or special meeting.
Dividends may be paid in cash, in property, or in shares of the capital stock, subject to the provisions of the Amended and Restated Certificate
of Incorporation and applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;42.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Dividend
Reserve.</B>&nbsp;Before payment of any dividend, there may be set aside out of any funds of the Corporation available for dividends such
sum or sums as the Board of Directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies,
or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for such other purpose as the Board of
Directors shall think conducive to the interests of the Corporation, and the Board of Directors may modify or abolish any such reserve
in the manner in which it was created.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;X</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>FISCAL YEAR</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;43.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Fiscal
Year.</B>&nbsp;The fiscal year of the Corporation shall be fixed by resolution of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;XI</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>INDEMNIFICATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;44.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Indemnification
of Directors, Executive Officers, Other Officers, Employees and Other Agents.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(a)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Directors
and Executive Officers.&nbsp;</B>The Corporation shall indemnify its directors and executive officers (for the purposes of this Article&nbsp;XI,
&ldquo;<B><I>executive officers</I></B>&rdquo; shall have the meaning defined in Rule&nbsp;3b-7 promulgated under the 1934 Act) to the
extent not prohibited by the DGCL or any other applicable law;&nbsp;<I>provided, however,</I>&nbsp;that the Corporation may modify the
extent of such indemnification by individual contracts with its directors and executive officers; and,&nbsp;<I>provided, further,</I>&nbsp;that
the Corporation shall not be required to indemnify any director or executive officer in connection with any proceeding (or part thereof)
initiated by such person unless (i)&nbsp;such indemnification is expressly required to be made by law, (ii)&nbsp;the proceeding was authorized
by the Board of Directors of the Corporation, (iii)&nbsp;such indemnification is provided by the Corporation, in its sole discretion,
pursuant to the powers vested in the Corporation under the DGCL or any other applicable law or (iv)&nbsp;such indemnification is required
to be made under subsection (d).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(b)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Other
Officers, Employees and Other Agents.</B>&nbsp;The Corporation shall have power to indemnify its other officers, employees and other agents
as set forth in the DGCL or any other applicable law. The Board of Directors shall have the power to delegate the determination of whether
indemnification shall be given to any such person except executive officers to such officers or other persons as the Board of Directors
shall determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(c)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Expenses.</B>&nbsp;The
Corporation shall advance to any person who was or is a party or is threatened to be made a party to any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was a director
or executive officer, of the Corporation, or is or was serving at the request of the Corporation as a director or executive officer of
another</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">Corporation, partnership, joint venture, trust
or other enterprise, prior to the final disposition of the proceeding, promptly following request therefor, all expenses incurred by any
director or executive officer in connection with such proceeding provided, however, that if the DGCL requires, an advancement of expenses
incurred by a director or executive officer in his or her capacity as a director or executive officer (and not in any other capacity in
which service was or is rendered by such indemnitee, including, without limitation, service to an employee benefit plan) shall be made
only upon delivery to the Corporation of an undertaking (hereinafter an &ldquo;<B><I>undertaking</I></B>&rdquo;), by or on behalf of such
indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further
right to appeal (hereinafter a &ldquo;<B><I>final adjudication</I></B>&rdquo;) that such indemnitee is not entitled to be indemnified
for such expenses under this section or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">Notwithstanding the foregoing,
unless otherwise determined pursuant to paragraph&nbsp;(e)&nbsp;of this section, no advance shall be made by the Corporation to an executive
officer of the Corporation (except by reason of the fact that such executive officer is or was a director of the Corporation in which
event this paragraph shall not apply) in any action, suit or proceeding, whether civil, criminal, administrative or investigative, if
a determination is reasonably and promptly made (i)&nbsp;by a majority vote of directors who were not parties to the proceeding, even
if not a quorum, or (ii)&nbsp;by a committee of such directors designated by a majority vote of such directors, even though less than
a quorum, or (iii)&nbsp;if there are no such directors, or such directors so direct, by independent legal counsel in a written opinion,
that the facts known to the decision-making party at the time such determination is made demonstrate clearly and convincingly that such
person acted in bad faith or in a manner that such person did not believe to be in or not opposed to the best interests of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(d)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Enforcement.&nbsp;</B>Without
the necessity of entering into an express contract, all rights to indemnification and advances to directors and executive officers under
this Bylaw shall be deemed to be contractual rights and be effective to the same extent and as if provided for in a contract between the
Corporation and the director or executive officer. Any right to indemnification or advances granted by this section to a director or executive
officer shall be enforceable by or on behalf of the person holding such right in any court of competent jurisdiction if (i)&nbsp;the claim
for indemnification or advances is denied, in whole or in part, or (ii)&nbsp;no disposition of such claim is made within ninety (90) days
of request therefor. To the extent permitted by law, the claimant in such enforcement action, if successful in whole or in part, shall
be entitled to be paid also the expense of prosecuting the claim. In connection with any claim for indemnification, the Corporation shall
be entitled to raise as a defense to any such action that the claimant has not met the standards of conduct that make it permissible under
the DGCL or any other applicable law for the Corporation to indemnify the claimant for the amount claimed. In connection with any claim
by an executive officer of the Corporation (except in any action, suit or proceeding, whether civil, criminal, administrative or investigative,
by reason of the fact that such executive officer is or was a director of the Corporation) for advances, the Corporation shall be entitled
to raise a defense as to any such action clear and convincing evidence that such person acted in bad faith or in a manner that such person
did not believe to be in or not opposed to the best interests of the Corporation, or with respect to any criminal action or proceeding
that such person acted without reasonable cause to believe that his or her conduct was lawful. Neither the failure of the Corporation
(including its Board of Directors, independent legal counsel or its stockholders) to have made a determination prior to the commencement
of such action that indemnification of the claimant is proper in the circumstances because he has met the applicable standard of conduct
set forth in the DGCL or any other applicable law, nor an actual determination by the Corporation&nbsp;(including its Board of Directors,
independent legal counsel or its stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to
the action or create a presumption that claimant has not met the applicable standard of conduct. In any suit brought by a director or
executive officer to enforce a right to indemnification or to an advancement of expenses hereunder, the burden of proving that the director
or executive officer is not entitled to be indemnified, or to such advancement of expenses, under this section or otherwise shall be on
the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(e)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Non-Exclusivity
of Rights.&nbsp;</B>The rights conferred on any person by this Bylaw shall not be exclusive of any other right which such person may have
or hereafter acquire under any applicable statute, provision of the Amended and Restated Certificate of Incorporation, Bylaws, agreement,
vote of stockholders or disinterested directors or otherwise, both as to action in his or her official capacity and as to action in another
capacity while holding office. The Corporation is specifically authorized to enter into individual contracts with any or all of its directors,
officers, employees or agents respecting indemnification and advances, to the fullest extent not prohibited by the DGCL, or by any other
applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(f)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Survival
of Rights.&nbsp;</B>The rights conferred on any person by this Bylaw shall continue as to a person who has ceased to be a director, officer,
employee or other agent and shall inure to the benefit of the heirs, executors and administrators of such a person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(g)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Insurance.&nbsp;</B>To
the fullest extent permitted by the DGCL or any other applicable law, the Corporation, upon approval by the Board of Directors, may purchase
insurance on behalf of any person required or permitted to be indemnified pursuant to this section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(h)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Amendments.&nbsp;</B>Any
repeal or modification of this section shall only be prospective and shall not affect the rights under this Bylaw in effect at the time
of the alleged occurrence of any action or omission to act that is the cause of any proceeding against any agent of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(i)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Saving
Clause.&nbsp;</B>If this Bylaw or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the
Corporation shall nevertheless indemnify each director and executive officer to the full extent not prohibited by any applicable portion
of this section that shall not have been invalidated, or by any other applicable law. If this section shall be invalid due to the application
of the indemnification provisions of another jurisdiction, then the Corporation shall indemnify each director and executive officer to
the full extent under any other applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(j)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Certain
Definitions.&nbsp;</B>For the purposes of this Bylaw, the following definitions shall apply:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><B>(i)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The term &ldquo;<B><I>proceeding</I></B>&rdquo; shall be broadly construed and shall include, without limitation, the investigation, preparation,
prosecution, defense, settlement, arbitration and appeal of, and the giving of testimony in, any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative or investigative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><B>(ii)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The term &ldquo;<B><I>expenses</I></B>&rdquo; shall be broadly construed and shall include, without limitation, court costs, attorneys&rsquo;
fees, witness fees, fines, amounts paid in settlement or judgment and any other costs and expenses of any nature or kind incurred in connection
with any proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><B>(iii)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The term the &ldquo;<B><I>Corporation</I></B>&rdquo; shall include, in addition to the resulting Corporation, any constituent Corporation
(including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, and employees or agents, so that any person who is or was a director,
officer, employee or agent of such constituent Corporation, or is or was serving at the request of such constituent Corporation as a director,
officer, employee or agent of another Corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position
under the provisions of this section with respect to the resulting or surviving Corporation as he would have with respect to such constituent
Corporation if its separate existence had continued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><B>(iv)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
References to a &ldquo;<B><I>director</I></B>,&rdquo; &ldquo;<B><I>executive officer</I></B>,&rdquo; &ldquo;<B><I>officer</I></B>,&rdquo;
&ldquo;<B><I>employee</I></B>,&rdquo; or &ldquo;<B><I>agent</I></B>&rdquo; of the Corporation shall include, without limitation, situations
where such person is serving at the request of the Corporation as, respectively, a director, executive officer, officer, employee, trustee
or agent of another Corporation, partnership, joint venture, trust or other enterprise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white"><B>(v)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
References to &ldquo;<B><I>other enterprises</I></B>&rdquo; shall include employee benefit plans; references to &ldquo;<B><I>fines</I></B>&rdquo;
shall include any excise taxes assessed on a person with respect to an employee benefit plan; and references to &ldquo;<B><I>serving at
the request of the Corporation</I></B>&rdquo; shall include any service as a director, officer, employee or agent of the Corporation which
imposes duties on, or involves services by, such director, officer, employee, or agent with respect to an employee benefit plan, its participants,
or beneficiaries; and a person who acted in good faith and in a manner he reasonably believed to be in the interest of the participants
and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner &ldquo;<B><I>not opposed to the best interests
of the Corporation</I></B>&rdquo; as referred to in this section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1.5in; background-color: white">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;XII</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>NOTICES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;45.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notices.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(a)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice
to Stockholders.&nbsp;</B>Written notice to stockholders of stockholder meetings shall be given as provided in Section&nbsp;7 herein.
Without limiting the manner by which notice may otherwise be given effectively to stockholders under any agreement or contract with such
stockholder, and except as otherwise required by law, written notice to stockholders for purposes other than stockholder meetings may
be sent by U.S. mail or nationally recognized overnight courier, or by facsimile, telegraph or telex or by electronic mail or other electronic
means.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(b)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice
to Directors.&nbsp;</B>Any notice required to be given to any director may be given by the method stated in subsection&nbsp;(a), or as
otherwise provided in these Bylaws, with notice other than one which is delivered personally to be sent to such address as such director
shall have filed in writing with the Secretary of the Corporation, or, in the absence of such filing, to the last known address of such
director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(c)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Affidavit
of Mailing.&nbsp;</B>An affidavit of mailing, executed by a duly authorized and competent employee of the Corporation or its transfer
agent appointed with respect to the class of stock affected, or other agent, specifying the name and address or the names and addresses
of the stockholder or stockholders, or director or directors, to whom any such notice or notices was or were given, and the time and method
of giving the same, shall in the absence of fraud, be prima facie evidence of the facts therein contained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(d)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Methods
of Notice.&nbsp;</B>It shall not be necessary that the same method of giving notice be employed in respect of all recipients of notice,
but one permissible method may be employed in respect of any one or more, and any other permissible method or methods may be employed
in respect of any other or others.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(e)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice
to Person With Whom Communication is Unlawful.&nbsp;</B>Whenever notice is required to be given, under any provision of law or of the
Amended and Restated Certificate of Incorporation or Bylaws of the Corporation, to any person with whom communication is unlawful, the
giving of such notice to such person shall not be required and there shall be no duty to apply to any governmental authority or agency
for a license or permit to give such notice to such person. Any action or meeting which shall be taken or held without notice to any such
person with whom communication is unlawful shall have the same force and effect as if such notice had been duly given. In the event that
the action taken by the Corporation is such as to require the filing of a certificate under any provision of the DGCL, the certificate
shall state, if such is the fact and if notice is required, that notice was given to all persons entitled to receive notice except such
persons with whom communication is unlawful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in; background-color: white"><B>(f)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Notice
to Stockholders Sharing an Address.&nbsp;</B>Except as otherwise prohibited under DGCL, any notice given under the provisions of DGCL,
the Amended and Restated Certificate of Incorporation or these Bylaws shall be effective if given by a single written notice to stockholders
who share an address if consented to by the stockholders at that address to whom such notice is given. Such consent shall have been deemed
to have been given if such stockholder fails to object in writing to the Corporation within sixty (60) days of having been given notice
by the Corporation of its intention to send the single notice. Any consent shall be revocable by the stockholder by written notice to
the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;XIII</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>AMENDMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;46.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Subject to the limitations set forth in Section&nbsp;44(h)&nbsp;of these Bylaws or the provisions of the Amended and Restated Certificate
of Incorporation, the Board of Directors is expressly empowered to adopt, amend or repeal these Bylaws of the Corporation. Any adoption,
amendment or repeal of these Bylaws of the Corporation by the Board of Directors shall require the approval of a majority of the authorized
number of directors. The stockholders also shall have power to adopt, amend or repeal these Bylaws of the Corporation;&nbsp;<I>provided,
however,&nbsp;</I>that, in addition to any vote of the holders of any class or series of stock of the Corporation required by</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; background-color: white">law or by the Amended and Restated Certificate
of Incorporation, such action by stockholders shall require the affirmative vote of the holders of at least sixty-six and two-thirds percent
(66-2/3%) of the voting power of all of the then-outstanding shares of the capital stock of the Corporation entitled to vote generally
in the election of directors, voting together as a single class.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ARTICLE&nbsp;XIV</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>LOANS TO OFFICERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B>Section&nbsp;47.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Loans
to Officers.</B>&nbsp;Except as otherwise prohibited by applicable law, the Corporation may lend money to, or guarantee any obligation
of, or otherwise assist any officer or other employee of the Corporation or of its subsidiaries, including any officer or employee who
is a director of the Corporation or its subsidiaries, whenever, in the judgment of the Board of Directors, such loan, guarantee or assistance
may reasonably be expected to benefit the Corporation. The loan, guarantee or other assistance may be with or without interest and may
be unsecured, or secured in such manner as the Board of Directors shall approve, including, without limitation, a pledge of shares of
stock of the Corporation. Nothing in these Bylaws shall be deemed to deny, limit or restrict the powers of guaranty or warranty of the
Corporation at common law or under any statute.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">[As amended August 11, 2022]</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>3
<FILENAME>nexalin_ex10-12.htm
<DESCRIPTION>EXHIBIT 10.12
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.12</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LOCK-UP
AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">August
__, 2022</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maxim
Group LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">405
Lexington Avenue</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, NY 10174</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Re:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nexalin
Technology, Inc.</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
an inducement to Maxim Group LLC, as representative of the underwriters (the <B><I>&ldquo;Representative&rdquo;</I></B>), to execute
an underwriting agreement (the <B><I>&ldquo;Underwriting Agreement&rdquo;</I></B>) providing for a public offering (the <B><I>&ldquo;Offering&rdquo;</I></B>)
of securities including the common stock, par value $0.001 per share (the <B><I>&ldquo;Shares&rdquo;</I></B>), of Nexalin Technology,
Inc., a Delaware corporation (the <B><I>&ldquo;Company&rdquo;</I></B>), the undersigned hereby agrees that without, in each case, the
prior written consent of the Representative, during the period specified in the second succeeding paragraph (the <B><I>&ldquo;Lock-Up
Period&rdquo;</I></B>), the undersigned will not (1) offer, pledge, announce the intention to sell, sell, contract to sell, sell any
option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, make any short
sale or otherwise transfer or dispose of, directly or indirectly, any Shares or any securities convertible into, exercisable or exchangeable
for or that represent the right to receive Shares (including, without limitation, Shares which may be deemed to be beneficially owned
by the undersigned in accordance with the rules and regulations of the United States Securities and Exchange Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;)
and securities which may be issued upon exercise of a stock option or warrant) whether now owned or hereafter acquired (the <B><I>&ldquo;Undersigned&rsquo;s
Securities&rdquo;</I></B>) or (2) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences
of ownership of the Undersigned&rsquo;s Securities, whether any such transaction described in clause (1) or (2) above is to be settled
by delivery of Shares or such other securities, in cash or otherwise. The foregoing restriction is expressly agreed to preclude the undersigned
from engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in
a sale or disposition of the Undersigned&rsquo;s Securities even if such Undersigned&rsquo;s Securities would be disposed of by someone
other than the undersigned. Such prohibited hedging or other transactions would include, without limitation, any short sale or any purchase,
sale or grant of any right (including, without limitation, any put or call option) with respect to any of the Undersigned&rsquo;s Securities
or with respect to any security that includes, relates to or derives any significant part of its value from such Undersigned&rsquo;s
Securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the undersigned agrees that, without the prior written consent of the Representative, it will not, during the Lock-Up Period,
make any demand for or exercise any right with respect to, the registration of any Shares or any security convertible into or exercisable
or exchangeable for Shares other than as contemplated in the registration statement relating to the Offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Lock-Up Period shall mean the period commencing on the date of this Lock-Up Agreement and continue and include the date 180 days after
the date of the final prospectus supplement used to sell Shares in the Offering pursuant to the Underwriting Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding
the foregoing, the undersigned may transfer the Undersigned&rsquo;s Securities (i) to a Permitted Transferee, (ii) as a <I>bona fide
</I>gift or gifts, (iii) to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned,
(iv) by virtue of the laws of descent and distribution upon death of the undersigned or (v) pursuant to a qualified domestic relations
order. As used in this Agreement, the term &ldquo;Permitted Transferee&rdquo; shall mean, if the undersigned is a corporation, company,
business trust, association, limited liability company, partnership, limited liability partnership or other entity (collectively, the
&ldquo;<B><I>Entities</I></B>&rdquo; or, individually, the &ldquo;<B><I>Entity</I></B>&rdquo;), to any person or Entity which controls,
is directly or indirectly controlled by, or is under common control with the undersigned and, if the undersigned is a partnership or
limited liability company, to its partners, former partners or an affiliated partnership (or members, former members or an affiliated
limited liability company) managed by the same manager or managing partner (or managing member, as the case may be) or management company,
or managed by an entity controlling, controlled by, or under common control with, such manager or managing partner (or managing member)
or management company in accordance with partnership (or membership) interests; <I>provided,</I> in the case of clauses (i) through (v),
that the transferee agrees in writing with the Representative to be bound by the terms of this Lock-Up Agreement, and <I>provided</I>,
further, that in the case of clauses (i) through (iii), that no filing by any party in any public report or filing with the SEC shall
be required or shall be made voluntarily in connection with such transfer. For purposes of this Lock-Up Agreement, &ldquo;immediate family&rdquo;
shall mean any relationship by blood, marriage or adoption, not more remote than first cousin. Furthermore, the undersigned may voluntarily
forfeit Shares to pay any withholding tax owed by the undersigned on account of the vesting of such shares, which may be reported on
a Form 4 as such.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the foregoing restrictions shall not apply to (i)&nbsp;the exercise of stock options granted pursuant to the Company&rsquo;s
equity incentive plans; <I><U>provided</U></I>, that such restrictions shall apply to any of the Undersigned&rsquo;s Securities issued
upon such exercise or (ii)&nbsp;the establishment of any contract, instruction or plan (a <B><I>&ldquo;Plan&rdquo;</I></B>) that satisfies
all of the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act; <I><U>provided</U></I>, that no sales of the Undersigned&rsquo;s
Securities shall be made pursuant to such a Plan prior to the expiration of the Lock-Up Period, and such a Plan may only be established
if no public announcement of the establishment or existence thereof and no filing with the SEC or other regulatory authority in respect
thereof or transactions thereunder or contemplated thereby, by the undersigned, the Company or any other person, shall be required, and
no such announcement or filing is made voluntarily, by the undersigned, the Company or any other person, prior to the expiration of the
Lock-Up Period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
furtherance of the foregoing, the Company and its transfer agent and registrar are hereby authorized to decline to make any transfer
of Shares if such transfer would constitute a violation or breach of this Lock-Up Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned hereby represents and warrants that the undersigned has full power and authority to enter into this Lock-Up Agreement and
that, upon request, the undersigned will execute any additional documents necessary in connection with the enforcement hereof. All authority
herein conferred or agreed to be conferred and any obligations of the undersigned shall be binding upon the successors, assigns, heirs
or personal representatives of the undersigned.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned understands that the undersigned shall be released from all obligations under this Lock-Up Agreement if (i)&nbsp;the Company
or the Representative informs the other that it does not intend to proceed with the Offering, (ii)&nbsp;the Underwriting Agreement does
not become effective or if the Underwriting Agreement (other than the provisions thereof which survive termination) shall terminate or
be terminated prior to payment for and delivery of the Shares to be sold thereunder or (iii)&nbsp;the Offering is not completed by December
15, 2022.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned understands that the Representative is entering into the Underwriting Agreement and proceeding with the Offering in reliance
upon this Lock-Up Agreement. This Lock- Up Agreement replaces and supersedes all prior Lock-Up Agreements executed by the undersigned.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Lock-Up Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Whether
or not the Offering actually occurs depends on a number of factors, including market conditions. Any Offering will only be made pursuant
to the Underwriting Agreement, the terms of which are subject to negotiation among the parties thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Signature
page follows.]</FONT></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Nexalin
&ndash; Updated Lock-Up Agreement]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very truly yours,</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; vertical-align: top; width: 50%; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0pt; vertical-align: top; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name - Please Print)</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; vertical-align: top; text-indent: 0pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 0pt; vertical-align: top; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Signature)</FONT></TD>
    </TR>
  </TABLE>

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>nexalin_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 23.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: justify">We consent to the inclusion in this Registration
Statement of Nexalin Inc. and Subsidiary (the &ldquo;Company&rdquo;) on this Amendment No. 7 to Form S-1 (No. 333-261989) of our report
dated April 7, 2022, which includes an explanatory paragraph as to the Company&rsquo;s ability to continue as a going concern, with respect
to our audits of the consolidated financial statements the Company as December 31, 2021 and 2020, and for the years then ended, which
report appears in this Registration Statement. We also consent to the reference to our Firm under the heading &ldquo;Experts&rdquo; in
such Registration Statement.</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">/s/ Friedman LLP</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">Marlton, New Jersey</P>

<P STYLE="margin: 0">August 24, 2022</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>5
<FILENAME>nexalin_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NEXALIN TECHNOLOGY, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CODE OF BUSINESS CONDUCT AND ETHICS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><B>INTRODUCTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">We are committed to maintaining
the highest standards of business conduct and ethics. This Code of Business Conduct and Ethics (this &ldquo;<B><I>Code</I></B>&rdquo;)
reflects the business practices and principles of behavior that support this commitment. We expect every employee, officer and director
to read and understand this Code and its application to the performance of his or her business responsibilities. References in this Code
to employees are intended to cover officers and, as applicable, directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Officers, managers and other
supervisors are expected to develop in employees a sense of commitment to the spirit, as well as the letter, of this Code. Supervisors
are also expected to ensure that all agents and contractors conform to Code standards when working for or on behalf of <B>Nexalin Technology,
Inc.</B> (the &ldquo;<B><I>Company</I></B>,&rdquo; &ldquo;<B><I>us</I></B>,&rdquo; &ldquo;<B><I>we</I></B>,&rdquo; &ldquo;<B><I>our</I></B>&rdquo;).
The compliance environment within each supervisor&rsquo;s assigned area of responsibility will be an important factor in evaluating the
quality of that individual&rsquo;s performance. In addition, any employee who makes an exemplary effort to implement and uphold our legal
and ethical standards will be recognized for that effort in his or her performance review. Nothing in this Code alters the at-will employment
policy of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">This Code addresses conduct
that is particularly important to proper dealings with the people and entities with whom we interact, but reflects only a part of our
commitment. From time to time we may adopt additional policies and procedures with which our employees, officers and directors are expected
to comply, if applicable to them. However, it is the responsibility of each employee to apply common sense, together with his or her own
highest personal ethical standards, in making business decisions where there is no stated guideline in this Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Action by members of your
immediate family, significant others or other persons who live in your household (referred to in this Code as &ldquo;<B><I>family members</I></B>&rdquo;)
also may potentially result in ethical issues to the extent that they involve the Company&rsquo;s business. For example, acceptance of
inappropriate gifts by a family member from one of our suppliers could create a conflict of interest and result in a Code violation attributable
to you. Consequently, in complying with this Code, you should consider not only your own conduct, but also that of your immediate family
members, significant others and other persons who live in your household.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>You should not hesitate
to ask questions about whether any conduct may violate this Code, voice concerns or clarify gray areas. Section 16 below details the compliance
resources available to you. In addition, you should be alert to possible violations of this Code by others and report suspected violations,
without fear of any form of retaliation, as further described in Section 16.</B> Violations of this Code will not be tolerated. Any employee
who violates the standards in this Code may be subject to disciplinary action, which, depending on the nature of the violation and the
history of the employee, may range from a warning or reprimand to and including termination of employment and, in appropriate cases, civil
legal action or referral for regulatory or criminal prosecution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">1.</TD><TD>Honest and Ethical Conduct</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">It is the policy of the Company
to promote high standards of integrity by conducting our affairs in an honest and ethical manner. The integrity and reputation of the
Company depends on the honesty, fairness and integrity brought to the job by each person associated with us. Unyielding personal integrity
is the foundation of corporate integrity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Legal Compliance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Obeying the law, both in
letter and in spirit, is the foundation of this Code. Our success depends upon each employee&rsquo;s operating within legal guidelines
and cooperating with local, national and international authorities. We expect employees to understand the legal and regulatory requirements
applicable to their business units and areas of responsibility. We hold periodic training sessions to ensure that all employees comply
with the relevant laws, rules and regulations associated with their employment, including laws prohibiting insider trading (which are
discussed in further detail in Section 3 below). While we do not expect you to memorize every detail of these laws, rules and regulations,
we want you to be able to determine when to seek advice from others. If you do have a question in the area of legal compliance, it is
important that you not hesitate to seek answers from your supervisor or a Compliance Officer (as further described in Section 16).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Disregard of the law will
not be tolerated. Violation of domestic or foreign laws, rules and regulations may subject an individual, as well as the Company, to civil
and/or criminal penalties. You should be aware that conduct and records, including emails, are subject to internal and external audits
and to discovery by third parties in the event of a government investigation or civil litigation. It is in everyone&rsquo;s best interests
to know and comply with our legal obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">2.</TD><TD>Insider Trading</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Employees who have access
to confidential (or &ldquo;inside&rdquo;) information are not permitted to use or share that information for stock trading purposes or
for any other purpose except to conduct our business. All material, nonpublic information about the Company or about companies with which
we do business is considered confidential information. To use material, nonpublic information in connection with buying or selling securities,
including &ldquo;tipping&rdquo; others who might make an investment decision on the basis of this information, is both unethical and illegal.
Employees must exercise the utmost care when handling material inside information. Do not discuss confidential information with persons
outside of the Company unless authorized by the Board of Directors or Compliance Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">3.</TD><TD>International Business Laws</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Our employees are expected
to comply with the applicable laws in all countries to which they travel, in which they operate and where we otherwise do business, including
laws prohibiting bribery, corruption or the conduct of business with specified individuals, companies or countries. The fact that in some
countries certain laws are not enforced or that violation of those laws is not subject to public criticism will not be accepted as an
excuse for noncompliance. In addition, we expect employees to comply with U.S. laws, rules and regulations governing the conduct of business
by its citizens and corporations outside the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">These U.S. laws, rules and regulations, which extend
to all our activities outside the United States, include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">The Foreign Corrupt Practices Act, which prohibits directly
or indirectly giving anything of value to a government official to obtain or retain business or favorable treatment and requires the
maintenance of accurate books of account, with all company transactions being properly recorded;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: left">U.S. Embargoes, which generally prohibit U.S. companies, their subsidiaries and their employees from doing business with or traveling
to countries subject to sanctions imposed by the U.S. government, as well as specific companies and individuals identified on lists published
by the U.S. Treasury Department;</TD></TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0 0pt 0.7in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in">&#9679;</TD><TD STYLE="text-align: left">U.S. Export Controls, which restrict exports from the United States and re-exports from other countries of goods, software and technology
to many countries, and prohibits transfers of U.S.-origin items to denied persons and entities; and</TD></TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in">&#9679;</TD><TD STYLE="text-align: left">Antiboycott Regulations, which prohibit U.S. companies from taking any action that has the effect of furthering or supporting a restrictive
trade practice or boycott imposed by a foreign country against a country friendly to the United States or against any U.S. person.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If you have a question as
to whether an activity is restricted or prohibited, seek assistance before taking any action, including giving any verbal assurances that
might be regulated by international laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">4.</TD><TD STYLE="text-align: left">Antitrust</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Antitrust laws are designed
to protect the competitive process. These laws are based on the premise that the public interest is best served by vigorous competition
and will suffer from illegal agreements or collusion among competitors. Antitrust laws generally prohibit:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">agreements, formal or informal, with competitors that harm
competition or customers, including price fixing and allocations of customers, territories or contracts;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">agreements, formal or informal, that establish or fix the
price at which a customer may resell a product; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the acquisition or maintenance of a monopoly or attempted
monopoly through anti- competitive conduct.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Certain kinds of information,
such as pricing, production and inventory, should not be exchanged with competitors, regardless of how innocent or casual the exchange
may be and regardless of the setting, whether business or social.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Antitrust laws impose severe
penalties for certain types of violations, including criminal penalties and potential fines and damages of millions of dollars, which
may be tripled under certain circumstances. Understanding the requirements of antitrust and unfair competition laws of the various jurisdictions
where we do business can be difficult, and you are urged to seek assistance from your supervisor or the Compliance Officer whenever you
have a question relating to these laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">5.</TD><TD STYLE="text-align: left">Environmental Compliance</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Federal law imposes criminal liability on any person or company that
contaminates the environment with any hazardous substance that could cause injury to the community or environment. Violation of environmental
laws can involve monetary fines and imprisonment. We expect employees to comply with all applicable environmental laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">It is our policy to conduct
our business in an environmentally responsible way that minimizes environmental impacts. We are committed to minimizing and, if practicable,
eliminating the use of any substance or material that may cause environmental damage, reducing waste generation and disposing of all waste
through safe and responsible methods, minimizing environmental risks by employing safe technologies and operating procedures, and being
prepared to respond appropriately to accidents and emergencies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in">6.</TD><TD>Conflicts of Interest and Related Party Transactions</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">We respect the rights of
our employees to manage their personal affairs and investments and do not wish to impinge on their personal lives. At the same time, employees
should avoid conflicts of interest that occur when their personal interests may interfere in any way with the performance of their duties
or the best interests of the Company. A conflicting personal interest could result from an expectation of personal gain now or in the
future or from a need to satisfy a prior or concurrent personal obligation. We expect our employees to be free from influences that conflict
with the best interests of the Company or might deprive the Company of their undivided loyalty in business dealings. Even the appearance
of a conflict of interest where none actually exists can be damaging and should be avoided. Whether or not a conflict of interest exists
or will exist can be unclear. Conflicts of interest are prohibited unless specifically authorized as described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If you have any questions
about a potential conflict or if you become aware of an actual or potential conflict, and you are not an officer or director of the Company,
you should discuss the matter with your supervisor or the Compliance Officer (as further described in Section 16). Supervisors may not
authorize conflict of interest matters or make determinations as to whether a problematic conflict of interest exists without first seeking
the approval of the Compliance Officer and providing the Compliance Officer with a written description of the activity. If the supervisor
is involved in the potential or actual conflict, you should discuss the matter directly with the Compliance Officer. Officers and directors
may seek authorizations and determinations from the Nominating and Corporate Governance Committee (the &ldquo;<B><I>Nominating Committee</I></B>&rdquo;)
of the Company&rsquo;s Board of Directors. Factors that may be considered in evaluating a potential conflict of interest are, among others:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">whether it may interfere with the employee&rsquo;s job performance,
responsibilities or morale;</TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -18.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">whether the employee has access to confidential information;</TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">whether it may interfere with the job performance, responsibilities
or morale of others within the organization;</TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -18.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">any potential adverse or beneficial impact on our business;</TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">any potential adverse or beneficial impact on our relationships
with our customers or suppliers or other service providers;</TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -18.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">whether it would enhance or support a competitor&rsquo;s position;</TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the extent to which it would result in financial or other
benefit (direct or indirect) to the employee;</TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the extent to which it would result in financial or other
benefit (direct or indirect) to one of our customers, suppliers or other service providers; and</TD>
</TR></TABLE>

<P STYLE="text-align: left; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the extent to which it would appear improper to an outside
observer.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Although no list can include
every possible situation in which a conflict of interest could arise, the following are examples of situations that may, depending on
the facts and circumstances, involve problematic conflicts of interests:</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in">&#9679;</TD><TD STYLE="text-align: left"><B>Employment by (including consulting for) or service on the board of a competitor, customer or supplier or other service provider.
</B>Activity that enhances or supports the position of a competitor to the detriment of the Company is prohibited, including employment
by or service on the board of a competitor. Employment by or service on the board of a customer or supplier or other service provider
is generally discouraged and you must seek authorization in advance if you plan to take such a position.</TD></TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in">&#9679;</TD><TD STYLE="text-align: left"><B>Owning, directly or indirectly, a significant financial interest in any entity that does business, seeks to do business or competes
with us. </B>In addition to the factors described above, persons evaluating ownership in other entities for conflicts of interest will
consider the size and nature of the investment; the nature of the relationship between the other entity and the Company; the employee&rsquo;s
access to confidential information and the employee&rsquo;s ability to influence Company decisions. If you would like to acquire a financial
interest of that kind, you must seek approval in advance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: left"><B>Soliciting or accepting gifts, favors, loans or preferential treatment from any person or entity that does business or seeks to
do business with us.</B> See Section 11 for further discussion of the issues involved in this type of conflict.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-align: left; text-indent: -0.25in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in"><B>&#9679;</B></TD><TD STYLE="text-align: left"><B>Soliciting
                                            contributions to any charity or for any political candidate from any person or entity that
                                            does business or seeks to do business with us.</B></TD></TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in">&#9679;</TD><TD STYLE="text-align: left"><B>Taking personal advantage of corporate opportunities.</B> See Section 8 for further discussion of the issues involved in this type
of conflict.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-align: left; text-indent: -18.05pt"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in">&#9679;</TD><TD STYLE="text-align: left"><B>Moonlighting
                                            without permission.</B></TD></TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in">&#9679;</TD><TD STYLE="text-align: left"><B>Conducting our business transactions with your family member or a business in which you have a significant financial interest.</B>
Material related-party transactions approved by the Nominating Committee and involving any executive officer or director will be publicly
disclosed as required by applicable laws and regulations in keeping with the Company&rsquo;s Related Person Transactions Policy.</TD></TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.5in"></TD><TD STYLE="text-align: left; width: 0.25in">&#9679;</TD><TD STYLE="text-align: left"><B>Exercising supervisory or other authority on behalf of the Company over a co-worker who is also a family member</B>. The employee&rsquo;s
supervisor and/or the Compliance Officer will consult with the Human Resources department to assess the advisability of reassignment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Loans to, or guarantees of
obligations of, employees or their family members by the Company could constitute an improper personal benefit to the recipients of these
loans or guarantees, depending on the facts and circumstances. Some loans are expressly prohibited by law and applicable law requires
that our Board of Directors approve all loans and guarantees to employees. As a result, all loans and guarantees by the Company must be
approved in advance by the Board of Directors or the Nominating Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The Company and the Board
of Directors also believe that transactions or proposed transactions between parties who are affiliates or related to the Company require
additional oversight. For purposes of this policy and our Code, a related person transaction is a transaction, arrangement or relationship
or any series of similar transactions, arrangements or relationships, in which we and any related person are, were or will be participants
in which the amount involved exceeds $120,000. Transactions involving compensation for services provided to us as an employee or director
are not covered by this policy. A related person is any executive officer, director or beneficial owner of more than 5% of any class of
our voting securities, including any of their immediate family members and any entity owned or controlled by such persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Under this policy, if a transaction
has been identified as a related person transaction, including any transaction that was not a related person transaction when originally
consummated or any transaction that was not initially identified as a related person transaction prior to consummation, our management
must present information regarding the related person transaction to our audit committee, or, if audit committee approval would be inappropriate,
to another independent body of our board of directors, for review, consideration and approval or ratification. The presentation must include
a description of, among other things, the material facts, the interests, direct and indirect, of the related persons, the benefits to
us of the transaction and whether the transaction is on terms that are comparable to the terms available to or from, as the case may be,
an unrelated third party or to or from employees generally. Under the policy, we will collect information that we deem reasonably necessary
from each director, executive officer and, to the extent feasible, significant stockholder to enable us to identify any existing or potential
related-person transactions and to effectuate the terms of the policy. In addition, under our code of business conduct that we expect
to adopt prior to the completion of this offering, our employees and directors will have an affirmative responsibility to disclose any
transaction or relationship that reasonably could be expected to give rise to a conflict of interest. In considering related person transactions,
our audit committee, or another independent body of our board of directors, will take into account the relevant available facts and circumstances
including, but not limited to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the risks, costs and benefits to us;</TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the impact on a director&rsquo;s independence in the event
that the related person is a director, immediate family member of a director or an entity with which a director is affiliated;</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the availability of other sources for comparable services
or products; and</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the terms available to or from, as the case may be, unrelated
third parties or to or from employees generally.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The policy requires that,
in determining whether to approve, ratify or reject a related person transaction, our audit committee, or other independent body of our
board of directors, must consider, in light of known circumstances, whether the transaction is in, or is not inconsistent with, our best
interests and those of our shareholders, as our audit committee, or other independent body of our board of directors, determines in the
good faith exercise of its discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">7.</TD><TD>Corporate Opportunities</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">You may not take personal
advantage of opportunities for the Company that are presented to you or discovered by you as a result of your position with us or through
your use of corporate property or information, unless authorized by your supervisor, the Compliance Officer or the Nominating Committee,
as described in Section 7 above. Even opportunities that are acquired privately by you may be questionable if they are related to our
existing or proposed lines of business. Significant participation in an investment or outside business opportunity that is directly related
to our lines of business must be pre- approved. You may not use your position with us or corporate property or information for improper
personal gain, nor should you compete with us in any way.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">8.</TD><TD STYLE="text-align: left">Maintenance of Corporate Books, Records, Documents and Accounts;
Financial Integrity; Public Reporting</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The integrity of our records
and public disclosure depends upon the validity, accuracy and completeness of the information supporting the entries to our books of account.
Therefore, our corporate and business records should be completed accurately and honestly. The making of false or misleading entries,
whether they relate to financial results or test results, is strictly prohibited. Our records serve as a basis for managing our business
and are important in meeting our obligations to customers, suppliers, creditors, employees and others with whom we do business. As a result,
it is important that our books, records and accounts accurately and fairly reflect, in reasonable detail, our assets, liabilities, revenues,
costs and expenses, as well as all transactions and changes in assets and liabilities. We require that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">no entry be made in our books and records that intentionally
hides or disguises the nature of any transaction or of any of our liabilities or misclassifies any transactions as to accounts or accounting
periods;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -18.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">transactions be supported by appropriate documentation;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">the terms of sales and other commercial transactions be reflected
accurately in the documentation for those transactions and all such documentation be reflected accurately in our books and records;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -18.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">employees comply with our system of internal controls; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">no cash or other assets be maintained for any purpose in any
unrecorded or &ldquo;off-the-books&rdquo; fund.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Our accounting records are also relied upon to
produce reports for our management, stockholders and creditors, as well as for governmental agencies. In particular, we rely upon our
accounting and other business and corporate records in preparing the periodic and current reports that we file with the Securities and
Exchange Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;). Securities laws require that these reports provide full, fair, accurate, timely
and understandable disclosure and fairly present our financial condition and results of operations. Employees who collect, provide or
analyze information for or otherwise contribute in any way in preparing or verifying these reports should strive to ensure that our financial
disclosure is accurate and transparent and that our reports contain all of the information about the Company that would be important to
enable stockholders and potential investors to assess the soundness and risks of our business and finances and the quality and integrity
of our accounting and disclosures. In addition:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">no employee may take or authorize any action that would intentionally
cause our financial records or financial disclosure to fail to comply with generally accepted accounting principles, the rules and regulations
of the SEC or other applicable laws, rules and regulations;</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">all employees must cooperate fully with our Finance and Accounting
Personnel, as well as our independent public accountants and counsel, respond to their questions with candor and provide them with complete
and accurate information to help ensure that our books and records, as well as our reports filed with the SEC, are accurate and complete;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">no employee, director or person acting under their direction,
may coerce, manipulate, mislead or fraudulently influence our Finance and Accounting Personnel, our independent public accountants or
counsel; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: left">no employee should knowingly make (or cause or encourage any
other person to make) any false or misleading statement in any of our reports filed with the SEC or knowingly omit (or cause or encourage
any other person to omit) any information necessary to make the disclosure in any of our reports accurate in all material respects.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Any employee who becomes aware
of any departure from these standards has a responsibility to report his or her knowledge promptly to a supervisor, the Compliance Officer,
the Nominating Committee or one of the other compliance resources described in Section 16 or in accordance with the provisions of the
Company&rsquo;s Whistleblower Protection Policy which is annexed hereto and is deemed part of our Code of ethics (the &ldquo;<B><I>Whistleblower
Policy</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">9.</TD><TD>Fair Dealing</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">We strive to outperform
our competition fairly and honestly. Advantages over our competitors are to be obtained through superior performance of our products and
services, not through unethical or illegal business practices. Acquiring proprietary information from others through improper means, possessing
trade secret information that was improperly obtained, or inducing improper disclosure of confidential information from past or present
employees of other companies is prohibited, even if motivated by an intention to advance our interests. If information is obtained by
mistake that may constitute a trade secret or other confidential information of another business, or if you have any questions about the
legality of proposed information gathering, you must consult your supervisor or the Compliance Officer, as further described in Section
16.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">You are expected to deal
fairly with our customers, suppliers, employees and anyone else with whom you have contact in the course of performing your job. Be aware
that the Federal Trade Commission Act provides that &ldquo;unfair methods of competition in commerce, and unfair or deceptive acts or
practices in commerce, are declared unlawful.&rdquo; It is a violation of the Federal Trade Commission Act to engage in deceptive, unfair
or unethical practices and to make misrepresentations in connection with sales activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Employees involved in procurement
have a special responsibility to adhere to principles of fair competition in the purchase of products and services by selecting suppliers
based exclusively on normal commercial considerations, such as quality, cost, availability, service and reputation, and not on the receipt
of special favors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">10.</TD><TD>Gifts and Entertainment</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Business gifts and entertainment
are meant to create goodwill and sound working relationships and not to gain improper advantage with customers or facilitate approvals
from government officials. The exchange, as a normal business courtesy, of meals or entertainment (such as tickets to a game or the theatre
or a round of golf) is a common and acceptable practice as long as it is not extravagant. Unless express permission is received from a
supervisor, the Compliance Officer or the Nominating Committee, gifts and entertainment cannot be offered, provided or accepted by any
employee unless consistent with customary business practices and not (a) of more than token or nominal monetary value, (b) in cash, (c)
susceptible of being construed as a bribe or kickback, (d) made or received on a regular or frequent basis or (e) in violation of any
laws. This principle applies to our transactions everywhere in the world, even where the practice is widely considered &ldquo;a way of
doing business.&rdquo; Employees should not accept gifts or entertainment that may reasonably be deemed to affect their judgment or actions
in the performance of their duties. Our customers, suppliers and the public at large should know that our employees&rsquo; judgment is
not for sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Under some statutes, such
as the U.S. Foreign Corrupt Practices Act (further described in Section 4 above), giving anything of value to a government official to
obtain or retain business or favorable treatment is a criminal act subject to prosecution and conviction. Discuss with your supervisor
or the Compliance Officer any proposed entertainment or gifts if you are uncertain about their appropriateness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">11.</TD><TD>Protection and Proper Use of Company Assets</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">All employees are expected
to protect our assets and ensure their efficient use. Theft, carelessness and waste have a direct impact on our profitability. Our property,
such as office supplies, computer equipment, and buildings, are expected to be used only for legitimate business purposes, although incidental
personal use may be permitted. You may not, however, use the Company&rsquo;s corporate name, any brand name or trademark owned or associated
with the Company or any letterhead stationery for any personal purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">You may not, while acting
on behalf of the Company or while using our computing or communications equipment or facilities, either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 17.9pt">&#9679;</TD><TD>access the internal computer system (also known as &ldquo;hacking&rdquo;) or other resource of another entity without express written
authorization from the entity responsible for operating that resource; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 17.9pt">&#9679;</TD><TD>commit any unlawful or illegal act, including harassment, libel, fraud, sending of unsolicited bulk email (also known as &ldquo;spam&rdquo;)
or material of objectionable content in violation of applicable law, trafficking in contraband of any kind or any kind of espionage.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If you receive authorization
to access another entity&rsquo;s internal computer system or other resource, you must make a permanent record of that authorization so
that it may be retrieved for future reference, and you may not exceed the scope of that authorization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Unsolicited bulk email is
regulated by law in a number of jurisdictions. If you intend to send unsolicited bulk email to persons outside of the Company, either
while acting on our behalf or using our computing or communications equipment or facilities, you should contact your supervisor or the
Compliance Officer for prior approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">All data residing on or
transmitted through our computing and communications facilities, including email and word processing documents, is the property of the
Company and subject to inspection, retention and review by the Company, with or without an employee&rsquo;s or third party&rsquo;s knowledge,
consent or approval, in accordance with applicable law. Any misuse or suspected misuse of our assets must be immediately reported to your
supervisor or the Compliance Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">12.</TD><TD>Confidentiality</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">One of our most important
assets is our confidential information. As an employee of the Company, you may learn of information about the Company that is confidential
and proprietary. You also may learn of information before that information is released to the general public. Employees who have received
or have access to confidential information should take care to keep this information confidential.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Confidential information includes
non-public information that might be of use to competitors or harmful to the Company or its customers if disclosed, such as business plans,
scientific and technical strategies, financial information, information related to the Company&rsquo;s research, testing platforms and
sequencing methods, data and results, designs, ideas, inventions and new developments and methods, works of authorship, trade secrets,
processes, conceptions, formulas, patents, patent applications, licenses, suppliers, manufacturers, raw material and product specifications,
customers, market data, personnel data, personally identifiable information pertaining to our employees, customers or other individuals
(including, for example, names, addresses, telephone numbers and social security numbers), and similar types of information provided to
us by our customers, suppliers and partners. This information may be protected by patent, trademark, copyright and trade secret laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">In addition, because we
interact with other companies and organizations, there may be times when you learn confidential information about other companies before
that information has been made available to the public. You must treat this information in the same manner as you are required to treat
our confidential and proprietary information. There may even be times when you must treat as confidential the fact that we have an interest
in, or are involved with, another company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">You are expected to keep
confidential and proprietary information confidential unless and until that information is released to the public through approved channels
(usually through a press release, an SEC filing or a formal communication from a member of senior management, as further described in
Section 14). Every employee has a duty to refrain from disclosing to any person confidential or proprietary information about us or any
other company learned in the course of employment here, until that information is disclosed to the public through approved channels. This
policy requires you to refrain from discussing confidential or proprietary information with outsiders and even with other employees of
the Company, unless those fellow employees have a legitimate need to know the information in order to perform their job duties. Unauthorized
use or distribution of this information could also be illegal and result in civil liability and/or criminal penalties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">You should also take care
not to inadvertently disclose confidential information. Materials that contain confidential information, such as memos, notebooks, computer
disks and laptop computers, should be stored securely. Unauthorized posting or discussion of any information concerning our business,
information or prospects on the Internet is prohibited. You may not discuss our business, information or prospects in any &ldquo;chat
room,&rdquo; regardless of whether you use your own name or a pseudonym. Be cautious when discussing sensitive information in public places
like elevators, airports, restaurants and &ldquo;quasi-public&rdquo; areas in and around our place of business. All Company emails, voicemails
and other communications are presumed confidential and should not be forwarded or otherwise disseminated outside of the Company except
where required for legitimate business purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">In addition to the above
responsibilities, if you are handling information protected by any privacy policy published by us, such as our website privacy policy,
then you must handle that information in accordance with the applicable policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">13.</TD><TD>Media/Public Discussions</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">It is our policy to disclose
material information concerning the Company to the public only through specific limited channels to avoid inappropriate publicity and
to ensure that all those with an interest in the company will have equal access to information. All inquiries or calls from the press
and financial analysts should be referred to the Company&rsquo;s Chief Executive Officer (the &ldquo;<B><I>CEO</I></B>&rdquo;) or Chief
Financial Officer (the &ldquo;<B><I>CFO</I></B>&rdquo;). We have designated our CEO and CFO as our official spokespersons for financial,
scientific, clinical, technical and other related information. Unless a specific exception has been made by the CEO or CFO, these designees
are the only people who may communicate with the press on behalf of the Company. You also may not provide any information to the media
about us off the record, for background, confidentially or secretly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">14.</TD><TD>Waivers</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Any waiver of this Code for
executive officers (including, where required by applicable laws, our principal executive officer, principal financial officer, principal
accounting officer or controller (or persons performing similar functions)) or directors may be authorized only by our Board of Directors
or, to the extent permitted by the rules of The Nasdaq Stock Market and our Corporate Governance Guidelines, a committee of the Board
of Directors, and will be disclosed as required by applicable laws, rules and regulations, including required disclosure on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">15.</TD><TD>Compliance Standards and Procedures</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><I>Compliance Resources</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">To facilitate compliance with
this Code, we have implemented a program of Code awareness, training and review. At this time, we have appointed our CFO to the position
of Compliance Officer to oversee this program. In the future, we may appoint the General Counsel or another senior officer or our outside
corporate and securities counsel as the Compliance Officer. The Compliance Officer can be reached at our main telephone number. The Compliance
Officer is a person to whom you can address any questions or concerns. In addition to fielding questions or concerns with respect to potential
violations of this Code, the Compliance Officer is responsible for:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>investigating possible violations of this Code;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79pt; text-indent: -36.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>training new employees in Code policies;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79pt; text-indent: -36.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>conducting annual training sessions to refresh employees&rsquo; familiarity with this Code;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79pt; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>distributing copies of this Code annually via email and the Company&rsquo;s secure internal human resources website to each employee
with a reminder that each employee is responsible for reading, understanding and complying with this Code;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79pt; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>updating this Code as needed and alerting employees to any updates, with approval of the Board of Directors or Nominating Committee,
as appropriate, to reflect changes in the law, Company operations and recognized best practices, and to reflect the Company&rsquo;s experience;
and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79pt; text-indent: -36.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>otherwise promoting an atmosphere of responsible and ethical conduct.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Your most immediate resource
for any matter related to this Code is your supervisor. He or she may have the information you need or may be able to refer the question
to another appropriate source. There may, however, be times when you prefer not to go to your supervisor. In these instances, you should
feel free to discuss your concern with the Compliance Officer. If you are uncomfortable speaking with the Compliance Officer because he
or she works in your department or is one of your supervisors, please contact the CEO. Of course, if your concern involves potential misconduct
by another person and relates to questionable accounting or auditing matters under the Company&rsquo;s Whistleblower Policy, you may report
that violation as set forth in such policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><I>Clarifying Questions and Concerns; Reporting Possible Violations</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If you encounter a situation
or are considering a course of action and its appropriateness is unclear, discuss the matter promptly with your supervisor or the Compliance
Officer; even the appearance of impropriety can be very damaging and should be avoided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If you are aware of a suspected
or actual violation of Code standards by others, you have a responsibility to report it. You are expected to promptly provide a compliance
resource with a specific description of the violation that you believe has occurred, including any information you have about the persons
involved and the time of the violation. Whether you choose to speak with your supervisor or the Compliance Officer, you should do so without
fear of any form of retaliation. We will take prompt disciplinary action against any employee who retaliates against you, including termination
of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Supervisors must promptly
report any complaints or observations of Code violations to the Compliance Officer. If you believe your supervisor has not taken appropriate
action, you should contact the Compliance Officer directly. The Compliance Officer will investigate all reported possible Code violations
promptly and with the highest degree of confidentiality that is possible under the specific circumstances. Neither you nor your supervisor
may conduct any preliminary investigation, unless authorized to do so by the Compliance Officer. Your cooperation in the investigation
will be expected. As needed, the Compliance Officer will consult with legal counsel, the Human Resources department and/or Nominating
Committee. It is our policy to employ a fair process by which to determine violations of this Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">With respect to any complaints
or observations of violations that may involve accounting, internal accounting controls and auditing concerns, under the Company&rsquo;s
Whistleblower Policy<B>, </B>the Compliance Officer shall promptly inform the Audit Committee, and the Audit Committee shall be responsible
for supervising and overseeing the inquiry and any investigation that is undertaken. If a potential violation is reported via the confidential
hotline or email address as provided under the Whistleblower Policy, the Audit Committee will be notified automatically and directly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If any investigation indicates
that a violation of this Code has probably occurred, we will take such action as we believe to be appropriate under the circumstances.
If we determine that an employee is responsible for a Code violation, he or she will be subject to disciplinary action up to, and including,
termination of employment and, in appropriate cases, civil action or referral for criminal prosecution. Appropriate action may also be
taken to deter any future Code violations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">16.</TD><TD>Changes; Annual Review</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Any changes to this Code may
only be made by the Nominating Committee and will be recommended to the Board of Directors for approval and effective upon approval by
the Board of Directors. The Nominating Committee will review and reassess the adequacy of this Code at least annually, and recommend to
the Board of Directors any changes the Nominating Committee determines are appropriate. All changes must be promptly disclosed as required
by law or regulation.</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 36.05pt">17.</TD><TD>Website Disclosure</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">This Code, as may be amended
from time to time, shall be posted on the Company&rsquo;s website. The Company shall state in its annual proxy statement that this Code
is available on the Company&rsquo;s website and provide the website address as required by law or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><B>Approved and Effective: May 20, 2022 as amended August 11,
2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7pt"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NEXALIN TECHNOLOGY, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WHISTLEBLOWER PROTECTION POLICY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Federal laws prohibit retaliatory action by public
companies against their employees who take certain lawful actions when they suspect wrongdoing on the part of their employer. It is Company
policy to comply with all applicable laws that protect employees against unlawful discrimination or retaliation by their employer as a
result of their lawfully reporting information regarding, or their participating in, investigations involving alleged corporate fraud
or other alleged violations by the Company or its agents of federal or state law. The Company will not permit any negative or adverse
actions to be taken against any Associate who in good faith reports a possible violation of this Code of Ethics, including any concerns
regarding questionable accounting or auditing matters, even if the report is mistaken, or against any employee who assists in the investigation
of a reported violation. Retaliation in any form will not be tolerated. Any act of alleged retaliation should be reported immediately
to the Compliance Officer or the Board of Directors and will be promptly investigated. The Board of Directors has adopted this Whistleblower
Protection Policy to reflect this policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">In furtherance of the Company&rsquo;s obligations
under federal law and other applicable laws and regulations, neither the Company nor any of our officers, employees, contractors, subcontractors
or agents, may discharge, demote, suspend, threaten, harass, or in any other manner discriminate against an employee because of any lawful
act done by the employee to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">(a) provide
information to or otherwise assist in an investigation by a federal regulatory or law enforcement agency, any member of Congress or committee
of Congress, or any person with supervisory authority over the employee (or such other person working for the Company who has the authority
to investigate, discover or terminate an employee), where such information or investigation relates to any conduct that the employee reasonably
believes constitutes a violation of federal mail fraud, wire fraud, bank fraud or securities fraud laws, any Securities and Exchange Commission
(the &ldquo;SEC&rdquo;) rule or regulation, or any other federal law relating to fraud against shareholders; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">(b) file,
testify, participate in, or otherwise assist in a proceeding relating to alleged violations of any of the federal fraud or securities
laws described in (a) above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Employees, consultants, officers and directors,
are expected to cooperate and be forthcoming with information during an internal or regulatory investigation of misconduct. Any employee,
consultant, officer or director may submit a good faith concern regarding questionable accounting or auditing matters without fear of
dismissal or retaliation of any kind. In order to facilitate a complete investigation, employees, consultants, directors and officers
should be prepared to provide as many details as possible, including a description of the questionable practice or behavior, the names
of any persons involved, the names of possible witnesses, dates, times, places and any other available details. The Company encourages
all employees and consultants with complaints or concerns to come forward with information and prohibits retaliation against employees
and consultants raising concerns. Nonetheless, if an employee or consultant feels more comfortable doing so, reports may be made confidentially
and/or anonymously to the Compliance Officer or to the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>6
<FILENAME>nexalin_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.2 </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEXALIN
TECHNOLOGY INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHARTER
OF THE AUDIT COMMITTEE<BR>
 OF THE BOARD OF DIRECTORS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PURPOSE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
primary purpose of the Audit Committee (the &ldquo;<B><I>Committee</I></B>&rdquo;) of the Board of Directors (the &ldquo;<B><I>Board</I></B>&rdquo;)
of Nexalin Technology Inc. (the &ldquo;<B><I>Company</I></B>&rdquo;) shall be to act on behalf of the Board in fulfilling the Board&rsquo;s
oversight responsibilities with respect to (i) the Company&rsquo;s corporate accounting and financial reporting processes, systems of
internal control over financial reporting and audits of financial statements, systems of disclosure controls and procedures, as well
as the quality and integrity of the Company&rsquo;s financial statements and reports, (ii) the qualifications, independence and performance
of the registered public accounting firm or firms engaged by the Company (the &ldquo;<B><I>Auditors</I></B>&rdquo;), (iii) review of
any reports or other disclosure required by the applicable rules and regulations of the Securities and Exchange Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;)
to be included in the Company&rsquo;s annual proxy statement and periodic reports within the scope of authority outlined herein and (iv)
the performance of the Company&rsquo;s internal audit function, if any. The Committee may also provide oversight assistance in connection
with the Company&rsquo;s legal, regulatory and ethical compliance programs as established by management and the Board.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
policy of the Committee, in discharging these obligations, shall be to maintain and foster an open avenue of communication among the
Committee, the Auditors and the Company&rsquo;s financial management, and, if any, the Company&rsquo;s internal auditors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>COMPOSITION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall consist of at least three (3) members of the Board. The members of the Committee shall satisfy (i) the independence and
financial literacy requirements imposed by the SEC and The Nasdaq Stock Market LLC (&ldquo;<B><I>Nasdaq</I></B>&rdquo;), including any
phase-in periods permitted by such requirements, as applicable to Committee members as in effect from time to time, when and as required
by the SEC and Nasdaq, and (ii) any other qualifications determined by the Board or the Nominating and Corporate Governance Committee
of the Board from time to time. At least one member of the Committee shall satisfy the applicable financial sophistication requirements
and any other requirements, each as in effect from time to time, for accounting or related financial management expertise when and as
required by the SEC or any stock exchange on which any of the Company&rsquo;s capital stock is listed. The members of the Committee shall
be appointed by and serve at the discretion of the Board. Resignation or removal of a Committee member from the Board for any reason
shall automatically constitute resignation or removal, as applicable, from the Committee. Vacancies occurring on the Committee shall
be filled by the Board. The Committee&rsquo;s chairperson shall be appointed by the Board, or if the Board does not do so, the Committee
members shall elect a chairperson by vote of a majority of the full Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>OPERATING
PRINCIPLES AND PROCESSES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
fulfilling its functions and responsibilities, the Committee should give due consideration to the following operating principles and
processes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-indent: 0pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Communication
                                            </I>&ndash; Regular and meaningful contact with the Board, members of senior management and
                                            independent professional advisors to the Board and its various committees, as applicable,
                                            shall be encouraged as a means of strengthening the Committee&rsquo;s knowledge of relevant
                                            current and prospective corporate accounting, financial reporting and internal control issues.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-indent: 0pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Meeting
                                            Agendas</I> &ndash; Committee meeting agendas shall be the responsibility of the chairperson
                                            of the Committee with input from the Committee members and other members of the Board, as
                                            well as, to the extent deemed appropriate, by the chairperson of the Board, from members
                                            of senior management and outside advisors.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-indent: 0pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Information
                                            Needs </I>&ndash; The Committee members shall communicate to the Chief Executive Officer,
                                            or his or her designees, the Committee&rsquo;s expectations, and the nature, timing and extent
                                            of any specific information or other supporting materials requested by the Committee for
                                            its meetings and deliberations.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-indent: 0pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.25in; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Committee
                                            Education </I>&ndash; Developing with management and participating in a process for systematic
                                            review of important accounting and financial reporting issues and trends in accounting, financial
                                            reporting and internal control practices that could potentially impact the Company shall
                                            be encouraged to enhance the effectiveness of the Committee.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MEETINGS
AND MINUTES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall meet at least quarterly and hold such special meetings as its members shall deem necessary or appropriate. Any member
of the Committee or the Board may call a meeting of the Committee. Unless otherwise directed by the Committee, each regularly scheduled
meeting will conclude with an executive session of the Committee absent members of management.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minutes
of each meeting of the Committee shall be prepared and distributed to each director of the Company and the Secretary of the Company promptly
after each meeting. The chairperson of the Committee shall report to the Board from time to time, or whenever so requested by the Board.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AUTHORITY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
member of the Committee shall have full access to all books, records, facilities and personnel of the Company as deemed necessary or
appropriate by any member of the Committee to discharge his or her responsibilities hereunder. The Committee shall have authority to
appoint, determine compensation for (at the Company&rsquo;s expense), retain and oversee the Auditors (as set forth in Section
10A(m)(2) of the Securities Exchange Act of 1934, as amended, and the rules thereunder (the &ldquo;<B><I>Exchange
Act</I></B>&rdquo;)) and otherwise to fulfill its responsibilities under this charter. The Committee shall have authority to retain
and determine compensation for, at the expense of the Company, special legal, accounting or other advisors, experts or consultants
as it deems necessary or appropriate in the performance of its duties under this charter, including any studies or investigations,
and shall notify the entire Board of any such retention. The Committee shall also have authority to pay, at the expense of the
Company, ordinary administrative expenses that, as determined by the Committee, are necessary or appropriate in carrying out its
duties, unless prohibited by Nasdaq listing rules or applicable law. The Committee shall have authority to request that any of the
Company&rsquo;s personnel, counsel, accountants (including the Auditors) or investment bankers, or any other consultant or advisor
to the Company attend any meeting of the Committee or meet with any member of the Committee or any of its special, outside legal,
accounting or other, advisors or consultants.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee may form and delegate authority to one or more subcommittees as appropriate to the extent consistent with the Company&rsquo;s
amended and restated certificate of incorporation, amended and restated bylaws (the &ldquo;<B><I>Bylaws</I></B>&rdquo;), Corporate Governance
Guidelines, Nasdaq rules and other applicable law. Delegation by the Committee to any subcommittee shall not limit or restrict the Committee
on any matter so delegated, and, unless the Committee alters or terminates such delegation, any action by the Committee on any matter
so delegated shall not limit or restrict future action by such subcommittee on such matters. The operation of the Committee shall be
subject to the Bylaws of the Company as in effect from time to time and Section 141 of the Delaware General Corporation Law (or any successor
section). The approval of this charter by the Board shall be construed as a delegation of authority to the Committee with respect to
the responsibilities set forth herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESPONSIBILITIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee&rsquo;s responsibility is one of oversight. The members of the Committee are not employees of the Company, and they do not
perform, or represent that they perform, the functions of management or the Auditors. The Committee relies on the expertise and knowledge
of management, the internal auditor (if any) and the Auditors in carrying out its oversight responsibilities. Management is responsible
for preparing accurate and complete financial statements in accordance with generally accepted accounting principles (&ldquo;<B><I>GAAP</I></B>&rdquo;),
preparing periodic reports and establishing and maintaining appropriate accounting principles and financial reporting policies and satisfactory
internal control over financial reporting. The Auditors are responsible for auditing the Company&rsquo;s annual financial statements
and management&rsquo;s assessment of the Company&rsquo;s internal control over financial reporting as well as reviewing the Company&rsquo;s
quarterly financial statements. It is not the responsibility of the Committee to prepare or certify the Company&rsquo;s financial statements,
guarantee the audits or reports of the Auditors or ensure that the financial statements or periodic reports are complete and accurate,
conform to GAAP or otherwise comply with applicable laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall oversee the Company&rsquo;s financial reporting process on behalf of the Board and shall have direct responsibility
for the appointment, compensation, retention and oversight of the work of the Auditors and any other registered public accounting
firm engaged for the purpose of performing other review or attest services for the Company. The Auditors and each such other
registered public accounting firm shall report directly and be accountable to the Committee. The Committee&rsquo;s functions and
procedures should remain flexible to address </FONT>changing circumstances most effectively. To implement the Committee&rsquo;s
purpose and policy, the Committee shall be charged with the following functions and responsibilities with the understanding,
however, that the Committee may supplement or deviate from these activities as appropriate under the circumstances (except as
otherwise required by applicable laws or requirements of any stock exchange on which any of the Company&rsquo;s capital stock may be
listed):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1. <I>Evaluation
and Retention of Auditors</I></B><I>.</I> To evaluate the performance of the Auditors, to assess their qualifications (including
their internal quality control procedures and any material issues raised by that firm&rsquo;s most recent internal quality control
review or any investigations by regulatory authorities) and to determine whether to retain, or to terminate, the engagement of the
existing Auditors, or to appoint and engage a different independent registered public accounting firm, which retention shall be
subject only to ratification by the Company&rsquo;s stockholders (if the Committee or the Board elects to submit such retention for
ratification by the stockholders).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2. <I>Communication
Prior to Engagement</I></B>. Prior to engagement of any prospective Auditors, to review a written disclosure by the prospective Auditors
of all relationships between the prospective Auditors, or their affiliates, and the Company, or persons in financial oversight roles
at the Company, that may reasonably be thought to bear on independence, and to discuss with the prospective Auditors the potential effects
of such relationships on the independence of the prospective Auditors, consistent with Ethics and Independence Rule 3526, <I>Communication
with Audit Committees Concerning Independence </I>(or any successor rule, &ldquo;<B><I>Rule 3526</I></B>&rdquo;), of the Public Company
Accounting Oversight Board (United States) (the &ldquo;<B><I>PCAOB</I></B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3. <I>Approval
of Audit Engagements</I></B>. To determine and approve engagements of the Auditors prior to commencement of such engagements, to perform
all proposed audit, review and attest services, including the scope of and plans for the audit, the adequacy of staffing, the compensation
to be paid by the Company to the Auditors and the negotiation and execution, on behalf of the Company, of the Auditors&rsquo; engagement
letters; such approval may be pursuant to preapproval policies and procedures established by the Committee consistent with applicable
laws and rules, including the delegation of preapproval authority to the chairman of the Committee so long as any such preapproval decisions
are presented to the full Committee at the next scheduled meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4. <I>Approval
of Non-Audit Services. </I></B>To determine and approve engagements of the Auditors prior to commencement of such engagements (unless
in compliance with exceptions available under applicable laws and rules related to immaterial aggregate amounts of services), to perform
any proposed permissible non-audit services, including the scope of the service and the compensation to be paid therefor by the Company;
such approval may be pursuant to preapproval policies and procedures established by the Committee consistent with applicable laws and
rules, including the delegation of preapproval authority to the chairman of the Committee so long as any such preapproval decisions are
presented to the full Committee at the next scheduled meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5. <I>Audit
Partner Rotation</I></B>. To monitor the rotation of the partners of the Auditors on the Company&rsquo;s audit engagement team as required
by applicable laws and rules, and to consider periodically and, if deemed appropriate, adopt a policy regarding rotation of auditing
firms.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6. <I>Auditor
Independence</I></B><I>. </I>At least annually, consistent with Rule 3526, (i) to receive and review (a) written disclosures from the
Auditors delineating all relationships between the Auditors, or their affiliates, and the Company, or persons in financial oversight
roles at the Company, that may reasonably be thought to bear on independence and (b) a letter from the Auditors affirming their independence,
(ii) to consider and discuss with the Auditors any potential effects of any such relationships on the independence of the Auditors as
well as any compensation or services that could affect the Auditors&rsquo; objectivity and independence, and (iii) to assess and otherwise
take appropriate action to oversee the independence of the Auditors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>7. <I>Former
Employees of Auditors. </I></B>To consider and, if deemed appropriate, adopt policies regarding Committee preapproval of employment by
the Company of individuals employed or formerly employed by the Auditors and engaged on the Company&rsquo;s account.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8. <I>Annual
Audit Results. </I></B>To review with management and the Auditors, (i) the results of the annual audit, including the Auditors&rsquo;
assessment of the quality of the Company&rsquo;s accounting principles and practices, (ii) the Auditors&rsquo; views about qualitative
aspects of the Company&rsquo;s significant accounting practices, (iii) the reasonableness of significant judgments and estimates (including
material changes in estimates and analyses of the effects of alternative GAAP methods on the financial statements), (iv) all misstatements
identified during the audit (other than those the Auditors believe to be trivial), (v) the adequacy of the disclosures in the financial
statements, and (vi) any other matters required to be communicated to the Committee by the Auditors under the standards of the PCAOB.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>9. <I>Auditor
Communications. </I></B>At least annually, to discuss with the Auditors the matters required to be discussed by Auditing Standard No.
1301, <I>Communications with Audit Committees</I>, as amended, as adopted by the PCAOB (including any successor rule adopted by the PCAOB).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10. <I>Audited
Financial Statement Review; Annual Report on Form 10-K. </I></B>To review with management and the Auditors, as appropriate, upon completion
of the audit, (i) the Company&rsquo;s financial statements and any disclosure from the Company&rsquo;s Chief Executive Officer and Chief
Financial Officer to be made in connection with the certification of the Company&rsquo;s Annual Report on Form 10-K to be filed with
the SEC, prior to public disclosure of such financial information, if practicable, or filing with the SEC of the Company&rsquo;s Annual
Report on Form 10-K, and to recommend whether such financial statements should be so included and (ii) other relevant reports or financial
information submitted by the Company to any governmental body or the public, including relevant reports rendered by the Auditors (or
summaries thereof).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>11. <I>Quarterly
Results and Reports on Form 10-Q</I></B><I>. </I>To review with management and the Auditors, as appropriate, (i) the results of the Auditors&rsquo;
review of the Company&rsquo;s quarterly financial statements and any disclosure from the Company&rsquo;s Chief Executive Officer and
Chief Financial Officer to be made in connection with the certification of the Company&rsquo;s quarterly reports filed with the SEC,
prior to public disclosure of quarterly financial information, if practicable, or filing with the SEC of the Company&rsquo;s Quarterly
Report on Form 10-Q, and any other matters required to be communicated to the Committee by the Auditors under the standards of the PCAOB
and (ii) other relevant reports or financial information submitted by the Company</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to
any governmental body or the public, including relevant reports rendered by the Auditors (or summaries thereof).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>12. <I>Management&rsquo;s
Discussion and Analysis and Risk Factors</I></B>. To review with management and the Auditors, as appropriate, the Company&rsquo;s disclosures
contained under the captions &ldquo;<I>Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations</I>&rdquo;
and &ldquo;<I>Risk Factors</I>&rdquo; in its periodic reports and other filings to be filed with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>13. <I>Press
Releases.</I></B> To review with management and the Auditors, to the extent appropriate, earnings press releases, as well as the substance
of financial information and earnings guidance provided to analysts and ratings agencies (including, without limitation, reviewing any
pro forma or non-GAAP information), which discussions may be general discussions of the type of information to be disclosed or the type
of presentation to be made.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>14. <I>Accounting
Principles and Policies.</I></B> To review with management and the Auditors, as appropriate, significant issues that arise regarding
accounting principles and financial statement presentation, including critical accounting policies and practices, alternative accounting
policies available under GAAP related to material items discussed with management, the potential impact on the Company&rsquo;s financial
statements of off-balance sheet structures and any other significant reporting issues and judgments, significant regulatory, legal and
accounting initiatives or developments that may have a material impact on the Company&rsquo;s financial statements, compliance programs
and policies if, in the judgment of the Committee, such review is necessary or appropriate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>15. <I>Risk
Assessment and Management. </I></B>To review and discuss with management and the Auditors, as appropriate, (i) the Company&rsquo;s guidelines
and policies with respect to financial risk management and financial risk assessment, including the Company&rsquo;s major financial risk
exposures and the steps taken by management to monitor and control these exposures and (ii) management risks relating to data privacy,
technology and information security, including cyber security and back-up of information systems, and the steps the Company has taken
to monitor and control such exposures.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>16. <I>Management
Cooperation with Audit. </I></B>To evaluate the cooperation received by the Auditors during their audit examination, including any significant
difficulties encountered during the audit or any restrictions on the scope of their activities or access to required records, data and
information and, whether or not resolved, significant disagreements with management and management&rsquo;s response, if any.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>17. <I>Management
Letters.</I></B> To review with the Auditors and, if appropriate, management, any &ldquo;management&rdquo; or &ldquo;internal control&rdquo;
letter issued or, to the extent practicable, proposed to be issued by the Auditors and management&rsquo;s response, if any, to such letter,
as well as any additional material written communications between the Auditors and management.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>18. <I>National
Office Communications. </I></B>To review with the Auditors, as appropriate, communications between the audit team and the Auditors&rsquo;
national office with respect to accounting or auditing issues presented by the engagement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>19. <I>Disagreements
Between Auditors and Management.</I></B> To review with management and the Auditors, or any other registered public accounting firm engaged
to perform review or attest services, any conflicts or disagreements between management and the Auditors, or such other accounting firm,
whether or not resolved, regarding financial reporting, accounting practices or policies or other matters, that individually or in the
aggregate could be significant to the Company&rsquo;s financial statements or the Auditors&rsquo; report, and to resolve any conflicts
or disagreements regarding financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>20. <I>Internal
Control over Financial Reporting; Disclosure Controls</I></B>. To (i) confer with management and the Auditors, as appropriate, regarding
the scope, adequacy, and effectiveness of internal control over financial reporting and the Company&rsquo;s disclosure controls and procedures,
including any significant deficiencies, significant changes in internal controls and the adequacy and effectiveness of the Company&rsquo;s
information and cyber security policies and the internal controls regarding information security, (ii) confer with management and the
Auditors, as appropriate, regarding the responsibilities, budget and staff of the internal audit function (if any) and review of the
appointment or replacement of the senior internal audit executive or manager and (iii) obtain reports on significant findings and recommendations
with respect to internal controls over financial reporting, together with management responses and any special audit steps adopted in
light of any material control deficiencies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>21. <I>Separate
Sessions.</I></B> Periodically, to meet in separate sessions with the Auditors, the internal auditors, if any, or other personnel responsible
for the internal audit function, as applicable and appropriate, and management to discuss any matters that the Committee, the Auditors,
the internal auditors, if any, or other personnel responsible for the internal audit function, or management believe should be discussed
privately with the Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>22. <I>Correspondence
with Regulators. </I></B>To consider and review with management, the Auditors, outside counsel, as appropriate, and any special counsel,
separate accounting firm or other consultants and advisors as the Committee deems appropriate, any correspondence with regulators or
governmental agencies and any published reports that raise material issues regarding the Company&rsquo;s financial statements or accounting
policies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>23. <I>Complaint
Procedures.</I></B> To establish procedures, when and as required by applicable laws and rules, for the receipt, retention and treatment
of complaints received by the Company regarding accounting, internal accounting controls or auditing matters and the confidential and
anonymous submission by employees of concerns regarding questionable accounting or auditing matters, including under the Company&rsquo;s
&ldquo;Whistleblower Policy for Accounting and Auditing Matters.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>24. <I>Engagement
of Registered Public Accounting Firms. </I></B>To determine and approve engagements of any registered public accounting firm (in addition
to the Auditors), prior to commencement of such engagements, to perform any other review or attest service, including the compensation
to be paid by the Company to such firm, which approval may be pursuant to preapproval policies and procedures, including the delegation
of preapproval authority to the chairman of the Committee, so long as any such preapproval decisions are presented to the full Committee
at the next scheduled meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>25. <I>Ethical
Compliance. </I></B>To review the results of management&rsquo;s efforts to monitor compliance with the Company&rsquo;s programs and policies
designed to ensure adherence to applicable laws and rules, as well as to its Code of Business Conduct and Ethics.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>26. <I>Investigations.
</I></B>To investigate any matter brought to the attention of the Committee within the scope of its duties if, in the judgment of the
Committee, such investigation is necessary or appropriate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>27. <I>Proxy
Report. </I></B>To oversee the preparation of the report of the Committee required by the rules of the SEC to be included in the Company&rsquo;s
annual proxy statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>28. <I>Insurance
Coverage.</I></B> The Committee shall have the authority to review and establish appropriate insurance coverage for the Company&rsquo;s
directors and officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>29. <I>Report
to Board. </I></B>To report to the Board material issues that arise regarding the quality or integrity of the Company&rsquo;s financial
statements, the Company&rsquo;s compliance with legal or regulatory requirements, the performance or independence of the Auditors, the
performance of the Company&rsquo;s internal audit function (as applicable) or such other matters as the Committee deems appropriate from
time to time or whenever it shall be called upon to do so.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>30. <I>Internal
Control Report</I></B>. To obtain and review, at least annually, a report by the Auditors describing that firm&rsquo;s internal quality
control procedures, any material issues raised by the firm&rsquo;s most recent internal quality control review or peer review or by any
inquiry or investigation within the preceding five years by governmental or professional authorities with respect to one or more independent
audits performed by the firm, as well as any steps taken to address the issues raised.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>31. <I>Annual
Charter Review.</I></B> To review and assess the adequacy of this charter annually and recommend any proposed changes to the Board for
approval.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>32. <I>Other
Legal and Finance Matters. </I></B>To review, (i) with the Company&rsquo;s counsel, legal compliance and legal matters that could have
a significant impact on the Company&rsquo;s financial statements and (ii) with management, the Company&rsquo;s finance function, including
its budget, organization and quality of personnel.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>33. <I>General
Authority. </I></B>To perform such other functions and to have such powers as may be necessary or appropriate in the discharge of any
of the foregoing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PUBLICATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company shall make this charter freely available to stockholders on request and, provided that the Company is subject to the periodic
reporting requirements of the Exchange Act, shall publish it on the Company&rsquo;s website.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Approved:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Effective:
May 20, 2022</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>7
<FILENAME>nexalin_ex99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
<HTML>
<HEAD>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 99.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHARTER
OF THE COMPENSATION COMMITTEE OF</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THE
BOARD OF DIRECTORS OF</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEXALIN
TECHNOLOGY, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I.
PURPOSES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Compensation Committee (the &ldquo;Committee&rdquo;) is appointed by the Board of Directors (the &ldquo;Board&rdquo;) of NEXALIN TECHNOLOGY,
INC., a Delaware corporation (the &ldquo;Company&rdquo;) for the purposes of, among other things, (a)&nbsp;discharging the Board&rsquo;s
responsibilities relating to the compensation of the Company&rsquo;s chief executive officer (the &ldquo;CEO&rdquo;) and other executive
officers of the Company, (b)&nbsp;administering or delegating the power to administer the Company&rsquo;s incentive compensation and
equity-based compensation plans, (c)&nbsp;if required by applicable rules&nbsp;and regulations, issuing a &ldquo;Compensation Committee
Report&rdquo; to be included in the Company&rsquo;s Annual Report on Form&nbsp;10-K or proxy statement, as applicable and (d)&nbsp;assisting
the Company comply with relevant applicable rules&nbsp;of the NASDAQ Stock Market related to executive and directors compensation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">II.
RESPONSIBILITIES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to such other duties as the Board may from time to time assign, the Committee shall:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Establish,
review, and approve the overall executive compensation philosophy and policies of the Company, including the establishment, if deemed
appropriate, of performance-based incentives that support and reinforce the Company&rsquo;s long-term strategic goals, organizational
objectives, and stockholder interests.</FONT></TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and approve the Company&rsquo;s goals and objectives relevant to the compensation of the CEO, annually evaluate the CEO&rsquo;s performance
in light of those goals and objectives and, based on this evaluation, determine the CEO&rsquo;s compensation level, including, but not
limited to, salary, bonus or bonus target levels, long and short-term incentive and equity compensation, retirement plans, and deferred
compensation plans as the Committee deems appropriate. In determining the long-term incentive component of the CEO&rsquo;s compensation,
the Committee shall consider, among other factors, the Company&rsquo;s performance and relative stockholder return, the value of similar
incentive awards to CEOs at comparable companies, and the awards given to the Company&rsquo;s CEO in past years. The CEO shall not be
present during voting and deliberations relating to CEO compensation.</FONT></TD>
</TR></TABLE>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Determine
the compensation of all other executive officers, including, but not limited to, salary, bonus or bonus target levels, long and short-term
incentive and equity compensation, retirement plans, and deferred compensation plans, as the Committee deems appropriate. Members of
senior management may report on the performance of the other executive officers of the Company and make compensation recommendations
to the Committee, which will review and, as appropriate, approve the compensation recommendations.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receive
and evaluate performance target goals for the senior officers and employees (other than executive officers) and review periodic reports
from the CEO as to the performance and compensation of such senior officers and employees.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Administer
or delegate the power to administer the Company&rsquo;s incentive and equity-based compensation plans, including the grant of stock options,
restricted stock, and other equity awards under such plans.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and make recommendations to the Board with respect to the adoption of, and amendments to, incentive compensation and equity-based plans
and approve for submission to the stockholders all new equity compensation plans that must be approved by stockholders pursuant to applicable
law.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and approve any annual or long-term cash bonus or equity or other incentive plans in which the executive officers of the Company may
participate.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and approve for the CEO and the other executive officers of the Company any employment agreements, severance arrangements, and change
in control agreements or provisions.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and discuss with the Company&rsquo;s management the Compensation Discussion and Analysis set forth in Securities and Exchange Commission
Regulation S-K,&nbsp;Item 402, if required, and, based on such review and discussion, determine whether to recommend to the Board of
Directors of the Company that the Compensation Discussion and Analysis be included in the Company&rsquo;s annual report or proxy statement
for the annual meeting of stockholders.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provide
the Compensation Committee Report for the Company&rsquo;s annual report or proxy statement for the annual meeting of stockholders, if
required.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conduct
an annual performance evaluation of the Committee. In conducting such review, the Committee shall evaluate and address all matters that
the Committee considers relevant to its performance, including at least the following: (a)&nbsp;the adequacy, appropriateness, and quality
of the information received from management or others; (b)&nbsp;the manner in which the Committee&rsquo;s recommendations were discussed
or debated; (c)&nbsp;whether the number and length of meetings of the Committee were adequate for the Committee to complete its work
in a thorough and thoughtful manner; and (d)&nbsp;whether this Charter appropriately addresses the matters that are or should be within
its scope.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">III.
COMPOSITION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall be comprised of two or more members (including a chairperson), all of whom shall be &ldquo;independent directors,&rdquo;
as such term is defined in the rules&nbsp;and regulations of the Nasdaq Stock Market, except that the Committee may have as one of its
members a &ldquo;non-independent director&rdquo; under exceptional and limited circumstances pursuant to the exemption under Rule&nbsp;5605(d)(2)(B)&nbsp;of
the Nasdaq Stock Market. At least two of the Committee members shall be &ldquo;non-employee directors&rdquo; as defined by Rule&nbsp;16b-3
under the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;). The members of the Committee and the chairperson shall be
selected not less frequently than annually by the Board and serve at the pleasure of the Board. A Committee member (including the chairperson)
may be removed at any time, with or without cause, by the Board.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall have authority to delegate any of its responsibilities to one or more subcommittees as the Committee may from time to
time deem appropriate. If at any time the Committee includes a member who is not a &ldquo;non-employee director&rdquo; within the meaning
of Rule&nbsp;16b-3 under the Exchange Act, then a subcommittee comprised entirely of individuals who are &ldquo;non-employee directors&rdquo;
may be formed by the Committee for the purpose of ratifying any grants of awards under any incentive or equity-based compensation plan
for the purposes of complying with the exemption requirements of Rule&nbsp;16b-3 of the Exchange Act; provided that any such grants shall
not be contingent on such ratification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IV.
MEETINGS AND OPERATIONS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall meet as often as necessary, but not less than two (2)&nbsp;times each year, to enable it to fulfill its responsibilities.
The Committee shall meet at the call of its chairperson or a majority of its members. The Committee may meet by telephone conference
call or by any other means permitted by law or the Company&rsquo;s Bylaws. A majority of the members of the Committee shall constitute
a quorum. The Committee shall act on the affirmative vote of a majority of members present at a meeting at which a quorum is present.
Subject to the Company&rsquo;s Bylaws, the Committee may act by unanimous written consent of all members in lieu of a meeting. The Committee
shall determine its own rules&nbsp;and procedures, including designation of a chairperson pro tempore in the absence of the chairperson,
and designation of a secretary. The secretary need not be a member of the Committee and shall attend Committee meetings and prepare minutes.
The Secretary of the Company shall be the Secretary of the Committee unless the Committee designates otherwise. The Committee shall keep
written minutes of its meetings, which shall be recorded or filed with the books and records of the Company. Any member of the Board
shall be provided with copies of such Committee minutes if requested.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee may ask members of management, employees, outside counsel, or others whose advice and counsel are relevant to the issues then
being considered by the Committee to attend any meetings (or a portion thereof) and to provide such pertinent information as the Committee
may request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
chairperson of the Committee shall be responsible for leadership of the Committee, including preparing the agenda which shall be circulated
to the members prior to the meeting date, presiding over Committee meetings, making Committee assignments, and reporting the Committee&rsquo;s
actions to the Board. Following each of its meetings, the Committee shall deliver a report on the meeting to the Board, including a description
of all actions taken by the Committee at the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
at any time during the exercise of his or her duties on behalf of the Committee, a Committee member has a direct conflict of interest
with respect to an issue subject to determination or recommendation by the Committee, such Committee member shall abstain from participation,
discussion, and resolution of the instant issue, and the remaining members of the Committee shall advise the Board of their recommendation
on such issue. The Committee shall be able to make determinations and recommendations even if only one Committee member is free from
conflicts of interest on a particular issue.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">V.
AUTHORITY</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee has the authority, to the extent it deems appropriate, to conduct or authorize investigations into or studies of matters within
the Committee&rsquo;s scope of responsibilities and to retain one or more compensation consultants to assist in the evaluation of CEO
or executive compensation or other matters. The Committee shall have the sole authority to retain and terminate any such consulting firm,
and to approve the firm&rsquo;s fees and other retention terms. The Committee shall evaluate whether any compensation consultant retained
or to be retained by it has any conflict of interest in accordance with Item 407(e)(3)(iv)&nbsp;of Regulation S-K. The Committee shall
also have the authority, to the extent it deems necessary or appropriate, to retain legal counsel or other advisors. In retaining compensation
consultants, outside counsel, and other advisors, the Committee must take into consideration factors specified in the listing and continued
rules&nbsp;of the Nasdaq Stock Market. The Company will provide for appropriate funding, as determined by the Committee, for payment
of any such investigations or studies and the compensation to any consulting firm, legal counsel, or other advisors retained by the Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adopted
as of May 20, 2022.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairperson</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>8
<FILENAME>nexalin_ex99-4.htm
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><B>Exhibit 99.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHARTER
OF THE COMPENSATION COMMITTEE OF</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THE
BOARD OF DIRECTORS OF</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEXALIN
TECHNOLOGY, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I.
PURPOSES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Compensation Committee (the &ldquo;Committee&rdquo;) is appointed by the Board of Directors (the &ldquo;Board&rdquo;) of NEXALIN TECHNOLOGY,
INC., a Delaware corporation (the &ldquo;Company&rdquo;) for the purposes of, among other things, (a)&nbsp;discharging the Board&rsquo;s
responsibilities relating to the compensation of the Company&rsquo;s chief executive officer (the &ldquo;CEO&rdquo;) and other executive
officers of the Company, (b)&nbsp;administering or delegating the power to administer the Company&rsquo;s incentive compensation and
equity-based compensation plans, (c)&nbsp;if required by applicable rules&nbsp;and regulations, issuing a &ldquo;Compensation Committee
Report&rdquo; to be included in the Company&rsquo;s Annual Report on Form&nbsp;10-K or proxy statement, as applicable and (d)&nbsp;assisting
the Company comply with relevant applicable rules&nbsp;of the NASDAQ Stock Market related to executive and directors compensation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">II.
RESPONSIBILITIES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition to such other duties as the Board may from time to time assign, the Committee shall:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Establish,
review, and approve the overall executive compensation philosophy and policies of the Company, including the establishment, if deemed
appropriate, of performance-based incentives that support and reinforce the Company&rsquo;s long-term strategic goals, organizational
objectives, and stockholder interests.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and approve the Company&rsquo;s goals and objectives relevant to the compensation of the CEO, annually evaluate the CEO&rsquo;s performance
in light of those goals and objectives and, based on this evaluation, determine the CEO&rsquo;s compensation level, including, but not
limited to, salary, bonus or bonus target levels, long and short-term incentive and equity compensation, retirement plans, and deferred
compensation plans as the Committee deems appropriate. In determining the long-term incentive component of the CEO&rsquo;s compensation,
the Committee shall consider, among other factors, the Company&rsquo;s performance and relative stockholder return, the value of similar
incentive awards to CEOs at comparable companies, and the awards given to the Company&rsquo;s CEO in past years. The CEO shall not be
present during voting and deliberations relating to CEO compensation.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Determine
the compensation of all other executive officers, including, but not limited to, salary, bonus or bonus target levels, long and short-term
incentive and equity compensation, retirement plans, and deferred compensation plans, as the Committee deems appropriate. Members of
senior management may report on the performance of the other executive officers of the Company and make compensation recommendations
to the Committee, which will review and, as appropriate, approve the compensation recommendations.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receive
and evaluate performance target goals for the senior officers and employees (other than executive officers) and review periodic reports
from the CEO as to the performance and compensation of such senior officers and employees.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Administer
or delegate the power to administer the Company&rsquo;s incentive and equity-based compensation plans, including the grant of stock options,
restricted stock, and other equity awards under such plans.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and make recommendations to the Board with respect to the adoption of, and amendments to, incentive compensation and equity-based plans
and approve for submission to the stockholders all new equity compensation plans that must be approved by stockholders pursuant to applicable
law.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and approve any annual or long-term cash bonus or equity or other incentive plans in which the executive officers of the Company may
participate.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and approve for the CEO and the other executive officers of the Company any employment agreements, severance arrangements, and change
in control agreements or provisions.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Review
and discuss with the Company&rsquo;s management the Compensation Discussion and Analysis set forth in Securities and Exchange Commission
Regulation S-K,&nbsp;Item 402, if required, and, based on such review and discussion, determine whether to recommend to the Board of
Directors of the Company that the Compensation Discussion and Analysis be included in the Company&rsquo;s annual report or proxy statement
for the annual meeting of stockholders.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 1; Options: NewSection -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provide
the Compensation Committee Report for the Company&rsquo;s annual report or proxy statement for the annual meeting of stockholders, if
required.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Conduct
an annual performance evaluation of the Committee. In conducting such review, the Committee shall evaluate and address all matters that
the Committee considers relevant to its performance, including at least the following: (a)&nbsp;the adequacy, appropriateness, and quality
of the information received from management or others; (b)&nbsp;the manner in which the Committee&rsquo;s recommendations were discussed
or debated; (c)&nbsp;whether the number and length of meetings of the Committee were adequate for the Committee to complete its work
in a thorough and thoughtful manner; and (d)&nbsp;whether this Charter appropriately addresses the matters that are or should be within
its scope.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">III.
COMPOSITION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall be comprised of two or more members (including a chairperson), all of whom shall be &ldquo;independent directors,&rdquo;
as such term is defined in the rules&nbsp;and regulations of the Nasdaq Stock Market, except that the Committee may have as one of its
members a &ldquo;non-independent director&rdquo; under exceptional and limited circumstances pursuant to the exemption under Rule&nbsp;5605(d)(2)(B)&nbsp;of
the Nasdaq Stock Market. At least two of the Committee members shall be &ldquo;non-employee directors&rdquo; as defined by Rule&nbsp;16b-3
under the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;). The members of the Committee and the chairperson shall be
selected not less frequently than annually by the Board and serve at the pleasure of the Board. A Committee member (including the chairperson)
may be removed at any time, with or without cause, by the Board.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall have authority to delegate any of its responsibilities to one or more subcommittees as the Committee may from time to
time deem appropriate. If at any time the Committee includes a member who is not a &ldquo;non-employee director&rdquo; within the meaning
of Rule&nbsp;16b-3 under the Exchange Act, then a subcommittee comprised entirely of individuals who are &ldquo;non-employee directors&rdquo;
may be formed by the Committee for the purpose of ratifying any grants of awards under any incentive or equity-based compensation plan
for the purposes of complying with the exemption requirements of Rule&nbsp;16b-3 of the Exchange Act; provided that any such grants shall
not be contingent on such ratification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IV.
MEETINGS AND OPERATIONS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee shall meet as often as necessary, but not less than two (2)&nbsp;times each year, to enable it to fulfill its responsibilities.
The Committee shall meet at the call of its chairperson or a majority of its members. The Committee may meet by telephone conference
call or by any other means permitted by law or the Company&rsquo;s Bylaws. A majority of the members of the Committee shall constitute
a quorum. The Committee shall act on the affirmative vote of a majority of members present at a meeting at which a quorum is present.
Subject to the Company&rsquo;s Bylaws, the Committee may act by unanimous written consent of all members in lieu of a meeting. The Committee
shall determine its own rules&nbsp;and procedures, including designation of a chairperson pro tempore in the absence of the chairperson,
and designation of a secretary. The secretary need not be a member of the Committee and shall attend Committee meetings and prepare minutes.
The Secretary of the Company shall be the Secretary of the Committee unless the Committee designates otherwise. The Committee shall keep
written minutes of its meetings, which shall be recorded or filed with the books and records of the Company. Any member of the Board
shall be provided with copies of such Committee minutes if requested.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee may ask members of management, employees, outside counsel, or others whose advice and counsel are relevant to the issues then
being considered by the Committee to attend any meetings (or a portion thereof) and to provide such pertinent information as the Committee
may request.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
chairperson of the Committee shall be responsible for leadership of the Committee, including preparing the agenda which shall be circulated
to the members prior to the meeting date, presiding over Committee meetings, making Committee assignments, and reporting the Committee&rsquo;s
actions to the Board. Following each of its meetings, the Committee shall deliver a report on the meeting to the Board, including a description
of all actions taken by the Committee at the meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
at any time during the exercise of his or her duties on behalf of the Committee, a Committee member has a direct conflict of interest
with respect to an issue subject to determination or recommendation by the Committee, such Committee member shall abstain from participation,
discussion, and resolution of the instant issue, and the remaining members of the Committee shall advise the Board of their recommendation
on such issue. The Committee shall be able to make determinations and recommendations even if only one Committee member is free from
conflicts of interest on a particular issue.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">V.
AUTHORITY</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Committee has the authority, to the extent it deems appropriate, to conduct or authorize investigations into or studies of matters within
the Committee&rsquo;s scope of responsibilities and to retain one or more compensation consultants to assist in the evaluation of CEO
or executive compensation or other matters. The Committee shall have the sole authority to retain and terminate any such consulting firm,
and to approve the firm&rsquo;s fees and other retention terms. The Committee shall evaluate whether any compensation consultant retained
or to be retained by it has any conflict of interest in accordance with Item 407(e)(3)(iv)&nbsp;of Regulation S-K. The Committee shall
also have the authority, to the extent it deems necessary or appropriate, to retain legal counsel or other advisors. In retaining compensation
consultants, outside counsel, and other advisors, the Committee must take into consideration factors specified in the listing and continued
rules&nbsp;of the Nasdaq Stock Market. The Company will provide for appropriate funding, as determined by the Committee, for payment
of any such investigations or studies and the compensation to any consulting firm, legal counsel, or other advisors retained by the Committee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adopted
as of May 20, 2022.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="border-bottom: Black 1pt solid; width: 50%"></TD><TD STYLE="padding-bottom: 1pt; text-align: justify; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairperson</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: justify">&nbsp;</TD></TR>
     </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
