May. 5 at 12:49 PM
$ARDS The Company has been working with its lead lender Streeterville
Capital, LLC to service the April 26th, 2023 loan that has been due for full repayment since April
26th, 2024. The Company recently received a failure to pay notice from Streeterville Capital that
becomes an Event of Default by April 30th, 2025. The Company’s near-term goals will be to
successfully complete the business objectives described above in order to service the
Streeterville loan and other debts that have accrued since the start of the COVID-19 pandemic,
and to become current on its SEC filings as soon as the revenues from the AR-501 Asset
Acquisition Terms Agreement and/or the AR-301 investment are received.