8. SHAREHOLDER ADVANCES AND PREFUNDINGS RELATED TO ANTICIPATED BRIDGE FINANCING

Through December 31, 2023, the Company raised $950,000 in the form of shareholder advances from three different investors to support operations in advance of the Company’s a prospective uplisting transaction. If the uplisting transactions are not consummated by March 31, 2024, as amended, the Company will be obligated to repay $500,000 of the advances within three business days thereafter.