In January 2026, the Company issued 1,691,250 shares of its common stock upon the conversion of notes payable and accrued interest thereon at a conversion price of $0.08 per share.

In January through March 2026, pursuant to terms of a consulting agreement, the Company granted warrants to purchase 99,999 shares of common stock with an exercise price of $0.09 to $0.10 per share, vesting one month from grant and expiring two years from the date of grant.

In January through February 2026, the Company issued 4,718,188 shares of its common stock upon the exercise of warrants for proceeds of $472,000 at an exercise price of $0.10 per share.

On March 30, 2026, as a continuation of the Company's previously disclosed collaboration and distribution arrangements with VIPS (see Note 11, above), the Company entered into a non-binding letter of intent with Laksel Corporation Pte Ltd ("Laksel") titled "Applied Oil Technology (AOT) India Deployment Program" (the "Laksel LOI") that contemplates the deployment of 150 units of the Company's Applied Oil Technology ("AOT"). The parties intend to establish a jointly held special purpose vehicle incorporated in India to serve as the primary operating entity for the program. The program is subject to the commitment of senior secured financing, negotiation and execution of definitive agreements among all parties, satisfaction of the conditions precedent set forth in such agreements, and receipt of required corporate, governmental, and regulatory approvals. The Laksel LOI is expressly non-binding, does not create any obligation on either party to proceed with the program or any related transaction, and may be terminated by either party in accordance with its terms. As of the date of this report, no revenues have been recognized and no amounts are payable under the Laksel LOI.