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Liquidated Damages Payable

3 Months Ended

Mar. 31, 2025

6. Liquidated Damages Payable

Liquidated damages were recorded as a result of the following: (i) certain registration rights agreements that provide for damages if the Company does not register certain shares of the Company’s common stock within the requisite time frame (the “Registration Rights Damages”); and (ii) certain securities purchase agreements that provide for damages if the Company does not maintain its periodic filings with the SEC within the requisite time frame (the “Public Information Failure Damages”).

Obligations with respect to the liquidated damages payable are summarized as follows:

Schedule of Liquidated Damages

	As of March 31, 2025 (unaudited)
	Registration Rights Damages		Public Information Failure Damages		Accrued Interest		Balance
MDB common stock to be issued ⁽¹⁾	$	15	$	-	$	-	$	15
Series H convertible preferred stock		566		574		830		1,970
Convertible debentures ⁽²⁾		-		144		93		237
Series J convertible preferred stock ⁽²⁾		152		152		174		478
Series K convertible preferred stock ⁽²⁾		166		70		369		605
Total	$	899	$	940	$	1,466	$	3,305

	As of December 31, 2024
	Registration Rights Damages		Public Information Failure Damages		Accrued Interest		Balance
MDB common stock to be issued ⁽¹⁾	$	15	$	-	$	-	$	15
Series H convertible preferred stock		566		574		796		1,936
Convertible debentures ⁽²⁾		-		144		89		233
Series J convertible preferred stock ⁽²⁾		152		152		165		469
Series K convertible preferred stock ⁽²⁾		166		70		341		577
Total	$	899	$	940	$	1,391	$	3,230

⁽¹⁾	Shares of common stock issuable to MDB Capital Group, LLC (see Common Stock to be Issued in Note 11).

⁽²⁾	Represents previously issued and converted debt or equity securities.

As of March 31, 2025 and December 31, 2024, the short-term liquidated damages payable were $3,305 and $3,230, respectively. The Company will continue to accrue interest on the liquidated damages balance at 1.0% per month based on the balance outstanding as of March 31, 2025, or $3,305, until paid. There is no scheduled date when the unpaid liquidated damages become due. The Series K convertible preferred stock remains subject to Registration Rights Damages and Public Information Failure Damages, which will accrue in certain circumstances, limited to 6% of the aggregate amount invested.

During the three months ended March 31, 2025 and 2024, the Company recorded accrued interest on liquidated damages of $75 and $76, respectively.