Annual report pursuant to Section 13 and 15(d)

In consideration for Mentor’s investment, Electrum agreed to pay Mentor, on the payment date, the sum of (i) $100,000, (ii) ten percent of the Recovery, and (iii) 0.083334% of the Recovery for each full month from October 31, 2018 to the payment date for each full month that $833 is not paid to Mentor. Payment was secured by all assets of Electrum. The payment date under the October 31, 2018 Capital Agreement was the earlier of November 1, 2021, or the final resolution of the Litigation.

Debt instrument periodic payment

$ 834

Contractual interests in legal recoveriess

100,000

Second Secured Capital Agreement [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Contractual interests in legal recoveries

^[1]

$ 100,000

Second Secured Capital Agreement [Member] | Electrum Partners, LLC [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Debt instrument periodic payment

$ 834

Granted option to converted interest | shares

6,198

Cash

$ 194,028

Recovery of membership interest

19.40%

0.00%

6.69%

Contractual interest equity interest

$ 194,028

Second Secured Capital Agreement [Member] | Electrum [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Investments

$ 100,000

Contractual interests in legal recoveries

$ 0

$ 100,000

January 28, 2019 Secured Capital Agreement [Member] | Electrum [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Loss contingency settlement agreement terms

In consideration for Mentor’s investment, Electrum agreed to pay Mentor on the payment date the sum of (i) $100,000, (ii) ten percent (10%) of the Recovery, and (iii) the greater of (A) 0.083334% of the Recovery for each full month from the date hereof until the payment date if the Recovery occurs prior to the payment date, and (B) $833 for each full month from the date hereof until the payment date. The payment date was the earlier of November 1, 2021, and the final resolution of the Litigation. On November 1, 2021, the parties amended the January 28, 2019 Capital Agreement to extend the payment date to the earlier of November 1, 2023, or the final resolution of the Litigation and increased the monthly payment payable by Electrum to $834.

Settlement Agreement [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Contractual interests in legal recoveriess

459,990

Capital Agreement [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Contractual interests in legal recoveries

$ 200,000

[1]

On November 18, 2022, Electrum repaid $459,990 to the Company pursuant to a certain November 14, 2022 Settlement Agreement and Mutual Release, following the Company’s October 21, 2022 lawsuit against Electrum and the escrow agent. The Company applied $196,666 to the Recovery Purchase Agreement and $200,000 to the Capital Agreements. The remaining $63,324 was applied to the Company’s former equity interest in Electrum.