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

NOTE 10. SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events through November 14, 2024, the date on which the unaudited condensed consolidated financial statements were available to be issued. Based upon this evaluation, management has determined that no material subsequent events have occurred that would require recognition in or disclosures in the accompanying unaudited condensed consolidated financial statements, except as follows:

 

Because the Company failed to enter into a transaction or series of related transactions, resulting in aggregate gross proceeds to the Company of at least $5,000, by October 4, 2024, the warrant value associated with 2019 convertible promissory notes that were held by 10 entities including CEO Nick Tsahalis and CFO Mark Speck have all expired.

 

On October 30, 2024, Maslow signed an agreement with ADP to defer $52 in implementation fees which acts essentially as a loan for 24 months commencing November 2024. The Deferred fee amount is $2 which translates to approximately 3% interest. ADP implemented its Workforce Manager and Workforce Now products for MMG which was completed in January 2024. MMG will make monthly payments until $54 has been paid over 24 months.