17. SUBSEQUENT EVENTS‌

There have been no subsequent events that occurred during the period subsequent to the date of these condensed consolidated financial statements that would require adjustment to our disclosure in the condensed consolidated financial statements as presented, except as described below:

2023 Convertible Note

On July 3, 2023, $120,000 of principal, $9,979 of interest, and $19,467 of premium owed in connection with the 2023 Note were converted into 329,416 shares of common stock of the Company at a conversion price of $0.4538 per share.

On August 11, 2023, the Company and the Investor entered into a letter agreement pursuant to which, among other things: i) the Investor agreed to forbear from issuing an Event of Default Notice and Event of Default Redemption Notice; (ii) the requirement in the 2023 Note to pay interest monthly in cash is waived for payments due August 1, 2023 through December 31, 2023; (iii) the application of the default interest rate on the 2023 Note is waived for the period from May 21, 2023 through December 31, 2023, (iv) the requirement for the Company to prepay, redeem, or convert one quarter the initial principal owe on the 2023 Note, plus any outstanding interest and make-whole amount by each three-month anniversary of the issuance date.is waived through December 31, 2023; (v) the Company adjusted the exercise price of the 2023 Note Warrant from $1.34 to $0.45; and (vi) the Investor may continue to convert the 2023 Note at the Alternate Conversion Price or at $0.45.

Board Compensation

On July 14, 2023, the Company issued a total of 270,272 shares at $0.555 per share for a total value of $150,000 to the non-executive directors of the Company as compensation for service as members of the Board of Directors of the Company for the first half of 2023.