MANAGEMENT’S PLAN

6 Months Ended

Jun. 30, 2023

Managements Plan

MANAGEMENT’S PLAN

NOTE 2. MANAGEMENT’S PLAN

Although the Company continues to experience net operating losses, management believes it has the ability to continue as a going concern and meet its financial obligation as they become due in 2023 and beyond. The factors impacting this view include, but are not limited to, the following:

● cash flow forecasts showing sufficient cash and working capital for at least 12 months from July 23, 2023;

● the prospect of receiving the amounts awarded in the arbitration hearing in 2023, which include the $5,348 in notes receivable from related parties, plus awards for fraud, totaling $1,000 for contract damages, and additional interest, and legal fees, after the supplemental award is finalized;

● the reduction in legal fees associated with Vivos Matter year to date at $460 plus future savings compared to a year ago;

● new sales plan implementation by our recently hired Vice President of Sales who has experience and success in managing contingent and direct hire staffing organizations; and

● the Company has additional availability to use its factoring line to extend borrowings of up to 93% of unfactored invoices, which as of August 1, 2023, could be converted to approximately $2,347 in cash.

As a result of the foregoing, the Company believes that it has sufficient cash to meet its financial obligations for the next 12 months and beyond as they become due.