NOTE 4 – GOING CONCERN

The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited financial statements, for the six months ended June 30, 2026 and 2025, the Company had a net loss of $2,794,060 and $2,001,160, respectively, and used cash in operating activities of $981,313 during the six months ended June 30, 2026. As of June 30, 2026, the Company had cash of $74,196 and an accumulated deficit of $42,424,162, and its current liabilities exceeded its current assets by $1,962,523. In addition, as of June 30, 2026, the Company had approximately $767,000 of remaining scheduled payments due under its agreements with International Business Machines Corporation and its affiliates (the “IBM Parties”). These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued.

The Company’s management believes that cash generated from its operations will not be sufficient to fund the Company’s operating cash needs, including its remaining scheduled payments to the IBM Parties, over at least the next 12 months, and that the Company will require additional funding. The Company plans to raise additional required funding when required through the sale of debt or equity, which may not be available on favorable terms, if at all, and may, if sold, cause significant dilution to existing stockholders. Subsequent to June 30, 2026, the Company received $125,000 from the sale of 25,000 shares of common stock pursuant to a July 13, 2026 subscription agreement and $1,000,000 from the issuance of the Investments AKA Convertible Note on July 28, 2026 (see Note 9 – Subsequent Events). However, the Company’s plans to raise additional capital through sales of debt or equity securities are not solely within its control and cannot be considered probable of being effectively implemented within one year after the date that these unaudited condensed financial statements are issued. Accordingly, management has concluded that its plans do not alleviate the substantial doubt about the Company’s ability to continue as a going concern. If the Company is unable to access additional capital, it may hurt its ability to grow and to generate revenues.

The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.