NOTE 15—Subsequent Events

On February 6, 2024, the Company executed an agreement with its tablet customer and the manufacturer of the tablets to transfer $11,308 of the Company’s accounts receivable from the tablet customer to the tablet manufacturer in exchange for relieving the Company of a $11,308 accounts payable liability with the tablet manufacturer. If this agreement had been executed as of December 31, 2023, it would have resulted in a net $6,135 in accounts receivable to the Company as of December 31, 2023. As of March 27, 2024, $1,954 of the tablet customer’s accounts receivable balance has been paid to the Company.

On March 13, 2024, the Company received a notice from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that it has been granted a 180-day extension to regain compliance with the bid price for its common stock to close above $1.00 per share for ten consecutive trading days. The Company will take appropriate action that may include executing a reverse stock split to regain compliance with the minimum bid price rule if the Company’s stock does not stay above $1.00 prior to the end of the second 180-day period.