13.
SUBSEQUENT EVENTS
The
Company’s management has evaluated subsequent events during the period from January 1 to February 11, 2026, the date the condensed
consolidated interim financial statements were issued, pursuant to the requirements of ASC 855, and has determined the following material
subsequent events:
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Pursuant
to notice received by the Company on November 14, 2025 to convert Series B Convertible Preferred Stock with an aggregate stated
value of $250,000 together
with aggregate accrued dividends of $64,055,
and the Company’s concurrent net issuance of 919,912 shares,
the Company received an additional notice to issue 789,604 shares
at a conversion price of $0.184 per
share, which were issued in January 2026. |
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On February 6, 2026, the Company entered into a note term
extension agreement with a convertible note investor to extend the term of a $114,303
note bearing interest of 8%
by 24 months to February 2028. |
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