NOTE 10 – SUBSEQUENT EVENTS

On October 1, 2021, the Company formally divested its interests in the ITAM business including the DcVue™ software, OSPI patent and Data Center auditing operations. The business was sold for a nominal amount to an Employee who led that effort which also included the dormant subsidiary, TrueVue360. The Company will maintain and expand its TrueVue360 operations for Artificial Intelligence and will retain the brand “TrueVue360™” along with the associated software platform.

On October 1, 2021, the Company granted 20,000 non-qualified stock options to its Director of Engineering as part of a revised compensation package related to greatly increased responsibilities. The options were granted for 5 years at a strike price of $6.19 with 3-year vesting.

On October 15, 2021, the Company scheduled its move to a new facility in Jacksonville, Florida. The move will combine the Company’s two separate work locations into one facility, which will allow for greater collaboration and also accommodate a larger anticipated workforce and manufacturing facility. The move is expected to begin on or around November 19, 2021, with all employees reporting to the new facility on December 1, 2021.

On November 1, 2021, the Company extended the leases of office space and warehouse space at its two current facilities for a period of 30 days to accommodate delays moving to its new headquarters.