Risk Factors Update Summary

• Revenues for the years ended December 31, 2023, were $8,151,587, up from $7,987,902 in 2022. This change might result in increased investor confidence due to revenue growth.
• The price of our common stock has fluctuated from a low of $0.91 to a high of $20.70 since trading began on August 28, 2023. This volatility could impact investor sentiment significantly.
• Selling stockholders may profit from shares purchased privately below the current market price, creating selling incentives. This could lead to significant downward pressure on stock prices.
• We may incur significant costs from class action litigation due to expected stock volatility. This could divert management's attention and resources, affecting overall business operations.
• If all warrants are exercised and Series A preferred stock converted, selling stockholders would own 11,122,810 shares, representing over 50% of total outstanding common stock.
• We have identified material weaknesses in internal control over financial reporting, which could adversely affect our stock price. This raises concerns about financial transparency and governance.
• The new U.S. federal excise tax of 1% could impact future redemptions, affecting stockholder returns. This tax may deter repurchases and influence market dynamics.
• Our ability to attract and retain skilled personnel is critical; competition is intense in the Internet industry. Failure to do so could materially impact our business and financial condition.