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Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

13. Subsequent Events

 

Related Party Transaction

 

Extend agreements

 

As part of the Addendum Agreement entered into on October 16, 2024 as disclosed in Note 11, TCNT will provide exclusive use of certain patents related to VOC, POCT and nitrogen-oxygen separation machine technologies for a monthly fee of $50,000 (plus 5% indirect tax) for twelve months from October 16, 2024, with negotiable payment terms.

 

Repayment of note payable (the “KY Note”)

 

On October 7, 2024, the company has repaid the remaining note payable principal amount of $270,000 with accrued interest to Ainos KY, the controlling shareholder of the Company.