SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 24 - SUBSEQUENT EVENTS Except for the event(s) discussed below, there were no subsequent events that required recognition or disclosure. The Company evaluated subsequent events through the date the consolidated financial statements were issued and filed with the Securities and Exchange Commission. On January 5, 2022, the Company entered into a Forbearance Agreement (the “Forbearance Agreement”) with the Investor pursuant to which the Investor has agreed not to exercise, with certain exclusions, any of its judicial or administrative enforcement actions to obtain cash or other assets (excluding Common Stock or other assets issuable upon conversion or exchange of the Series B Note in accordance with the terms thereof) from the Company on account of any payment obligations of the Company under the Series B Note or the Event of Default Redemption Notice that exist as of the date of the Forbearance Agreement or that may arise from the date of this Agreement through February 15, 2022. As of the filing date this report, the Company is currently in discussions with the Investor regarding an extension of the Forbearance period. On January 10, 2022, the Company entered into a senior secured promissory note (the “Senior Secured January Note”) with a Board Investor for a principal amount of $0.2 million. The Senior Secured January Note is due on April 11, 2022 and has an interest rate of 10% per annum, payable at maturity. The Senior Secured January Note is secured by all the Company’s personal property, now existing or later arising, including accounts, chattel paper, commercial tort claims, fixtures, intellectual property, investment property, letter-of-credit rights, inventory, equipment, general intangibles, deposit accounts, financial assets, documents, instruments, goods and money and all proceeds of all of the foregoing. On January 12, 2022, the Company entered into a senior secured promissory note (the “Second Senior Secured January Note”) with the CEO of Sera Labs for a principal amount of $0.04 million. The Senior Secured January Note is due on April 11, 2022 and has an interest rate of 10% per annum, payable at maturity. The Secured November Note is secured by all the Company’s personal property, now existing or later arising, including accounts, chattel paper, commercial tort claims, fixtures, intellectual property, investment property, letter-of-credit rights, inventory, equipment, general intangibles, deposit accounts, financial assets, documents, instruments, goods and money and all proceeds of all of the foregoing. On January 18, 2022, the Company entered into a senior secured promissory note (the “Third Senior Secured January Note”) with an investor for a principal amount of $0.2 million. The Third Senior Secured January Note is due on April 11, 2022 and has an interest rate of 10% per annum, payable at maturity. The Third Secured January Note is secured by all the Company’s personal property, now existing or later arising, including accounts, chattel paper, commercial tort claims, fixtures, intellectual property, investment property, letter-of-credit rights, inventory, equipment, general intangibles, deposit accounts, financial assets, documents, instruments, goods and money and all proceeds of all of the foregoing. On February 2, 2022, the Company and a vendor that the Company utilized for consulting services relating to various quality, compliance and regulatory the vendor entered into a Settlement Agreement and Mutual Release (“Settlement Agreement”) where both the Company and the vendor desire to come together and to settle fully and finally all difference as filed in each parties complaints. As part of the Settlement Agreement, the Company will pay to the vendor a settlement amount of $0.03 million (“Settlement Amount”) and upon receipt of the Settlement Amount by the vendor, the vendor will execute a Request for Dismissal dismissing the entire actions of all parties. From January 31, 2022 to March 9, 2022, the Company received at total of $2.1 million from an investment company (“Investor”) in exchange for promissory notes. Both the Company and Investor agreed to negotiate the terms of the promissory notes and as of the filing date of this report, the Company and Investor are still negotiating the terms of the promissory notes.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2021

NOTE 24 - SUBSEQUENT EVENTS

Except for the event(s) discussed below, there were no subsequent events that required recognition or disclosure. The Company evaluated subsequent events through the date the consolidated financial statements were issued and filed with the Securities and Exchange Commission.

On January 5, 2022, the Company entered into a Forbearance Agreement (the “Forbearance Agreement”) with the Investor pursuant to which the Investor has agreed not to exercise, with certain exclusions, any of its judicial or administrative enforcement actions to obtain cash or other assets (excluding Common Stock or other assets issuable upon conversion or exchange of the Series B Note in accordance with the terms thereof) from the Company on account of any payment obligations of the Company under the Series B Note or the Event of Default Redemption Notice that exist as of the date of the Forbearance Agreement or that may arise from the date of this Agreement through February 15, 2022. As of the filing date this report, the Company is currently in discussions with the Investor regarding an extension of the Forbearance period.

On January 10, 2022, the Company entered into a senior secured promissory note (the “Senior Secured January Note”) with a Board Investor for a principal amount of $0.2 million. The Senior Secured January Note is due on April 11, 2022 and has an interest rate of 10% per annum, payable at maturity. The Senior Secured January Note is secured by all the Company’s personal property, now existing or later arising, including accounts, chattel paper, commercial tort claims, fixtures, intellectual property, investment property, letter-of-credit rights, inventory, equipment, general intangibles, deposit accounts, financial assets, documents, instruments, goods and money and all proceeds of all of the foregoing.

On January 12, 2022, the Company entered into a senior secured promissory note (the “Second Senior Secured January Note”) with the CEO of Sera Labs for a principal amount of $0.04 million. The Senior Secured January Note is due on April 11, 2022 and has an interest rate of 10% per annum, payable at maturity. The Secured November Note is secured by all the Company’s personal property, now existing or later arising, including accounts, chattel paper, commercial tort claims, fixtures, intellectual property, investment property, letter-of-credit rights, inventory, equipment, general intangibles, deposit accounts, financial assets, documents, instruments, goods and money and all proceeds of all of the foregoing.

On January 18, 2022, the Company entered into a senior secured promissory note (the “Third Senior Secured January Note”) with an investor for a principal amount of $0.2 million. The Third Senior Secured January Note is due on April 11, 2022 and has an interest rate of 10% per annum, payable at maturity. The Third Secured January Note is secured by all the Company’s personal property, now existing or later arising, including accounts, chattel paper, commercial tort claims, fixtures, intellectual property, investment property, letter-of-credit rights, inventory, equipment, general intangibles, deposit accounts, financial assets, documents, instruments, goods and money and all proceeds of all of the foregoing.

On February 2, 2022, the Company and a vendor that the Company utilized for consulting services relating to various quality, compliance and regulatory the vendor entered into a Settlement Agreement and Mutual Release (“Settlement Agreement”) where both the Company and the vendor desire to come together and to settle fully and finally all difference as filed in each parties complaints. As part of the Settlement Agreement, the Company will pay to the vendor a settlement amount of $0.03 million (“Settlement Amount”) and upon receipt of the Settlement Amount by the vendor, the vendor will execute a Request for Dismissal dismissing the entire actions of all parties.

From January 31, 2022 to March 9, 2022, the Company received at total of $2.1 million from an investment company (“Investor”) in exchange for promissory notes. Both the Company and Investor agreed to negotiate the terms of the promissory notes and as of the filing date of this report, the Company and Investor are still negotiating the terms of the promissory notes.