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 UNITED
STATES

 SECURITIES
AND EXCHANGE COMMISSION

 WASHINGTON,
D.C. 20549

 FORM

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the fiscal year ended December 31, 2023

 or

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the transition period from ________ to _________

 Commission
file number: 0-53497

 VIVOS
INC

 (Exact
name of registrant as specified in its charter)

 Delaware

 80-0138937

 (State
 or other jurisdiction of

 (I.R.S.
 Employer

 incorporation
 or organization)

 Identification
 No.)

Jadwin Avenue Richland, Washington 99352

 (Address
of principal executive offices) (Zip Code)

 (509) 736-4000

 Registrant's
telephone number, including area code

 Securities
registered pursuant to Section 12(b) of the Act:

 None

 Securities
registered pursuant to Section 12(g) of the Act:

 Common Stock, $0.001 Par Value

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No

by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
 Yes No

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,"
"smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 Large
 Accelerated Filer

 Accelerated
 Filer

 Non-Accelerated
 Filer

 Smaller
 Reporting Company

 Emerging
 growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Ex- change Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of
its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public
accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate by check
mark whether any of those error corrections are restatements that required a recovery analysis of incen- tive-based compensation received
by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 The
aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which
the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's
most recently completed second fiscal quarter was approximately $ 36,693,047. Shares of common stock held by each executive officer and
director and by each person who owns 10% or more of the outstanding common stock of the registrant have been excluded in that such persons
may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.
Without acknowledging that any individual director of registrant is an affiliate, all directors have been included as affiliates with
respect to shares owned by them.

 As
of March 18, 2024, there were 389,894,033 shares of the registrant's common stock outstanding, 2,071,007 shares of the registrant's
Series A Convertible Preferred Stock outstanding, 200,363 of the registrant's Series B Convertible Preferred Stock outstanding
and 385,302 of the registrant's Series C Convertible Preferred Stock outstanding.

 VIVOS
INC

 Report
on Form 10-K

 TABLE
OF CONTENTS

 Page

 PART I.

 Item
 1.

 Business

 Item
 1A.

 Risk Factors

 Item
 1B.

 Unresolved Staff Comments

 Item
 1C

 Cybersecurity

 Item
 2.

 Properties

 Item
 3.

 Legal Proceedings

 Item
 4.

 Mine Safety Disclosures

 PART II.

 Item
 5.

 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 Item
 6.

 [Reserved]

 Item
 7.

 Management's Discussion and Analysis of Financial Condition and Results of Operations

 Item
 7A.

 Quantitative and Qualitative Disclosures About Market Risk

 Item
 8.

 Financial Statements and Supplementary Data

 Item
 9.

 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 Item
 9A.

 Controls and Procedures

 Item
 9B.

 Other Information

 Item 9C.

 Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 PART III.

 Item
 10.

 Directors, Executive Officers and Corporate Governance

 Item
 11.

 Executive Compensation

 Item
 12.

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item
 13.

 Certain Relationships and Related Transactions, and Director Independence

 Item
 14.

 Principal Accountant Fees and Services

 PART IV.

 Item
 15.

 Exhibits and Financial Statement Schedules

 PART
I

 FORWARD
LOOKING STATEMENTS

 Except
for statements of historical fact, certain information described in this Annual Report on Form 10-K (" Annual Report ")
contains "forward-looking statements" that involve substantial risks and uncertainties. You can identify these statements
by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "should," "will," "would" or similar words. The statements
that contain these or similar words should be read carefully because these statements discuss the Company's future expectations,
including its expectations of its future results of operations or financial position, or state other "forward-looking" information.
Vivos Inc. believes that it is important to communicate its future expectations to its investors. However, there may be events in the
future that the Company is not able to accurately predict or to control. Further, the Company urges you to be cautious of the forward-looking
statements which are contained in this Annual Report because they involve risks, uncertainties and other factors affecting its operations,
market growth, service, products, and licenses. The risk factors in the section captioned "Risk Factors" in Item 1A of the
Company's Annual Report, as well as other cautionary language in this Annual Report, describe such risks, uncertainties and events
that may cause the Company's actual results and achievements, whether expressed or implied, to differ materially from the expectations
the Company describes in its forward-looking statements. The occurrence of any of the events described as risk factors could have a material
adverse effect on the Company's business, results of operations and financial position.

 ITEM
1. BUSINESS.

 Vivos
Inc. is a radiation oncology medical device company engaged in the development of its yttrium-90 (" Y-90 ") based brachytherapy
device, RadioGel, for the treatment of non-resectable tumors. A prominent team of radiochemists, scientists, and engineers, collaborating
with strategic partners, including national laboratories, universities, and private corporations, lead the Company's development
efforts. The Company's overall vision is to globally empower physicians, medical researchers, and patients by providing them with
new isotope technologies that offer safe and effective treatments for cancer.

 In
2013, the FDA issued the determination that RadioGel is a device for human therapy for non-resectable cancers in humans. This should
result in a faster path than a drug for final approval.

 In
January 2018, the Center for Veterinary Medicine Product Classification Group ruled that RadioGel TM should be classified as
a device for animal therapy of feline sarcomas and canine soft tissue sarcomas. Additionally, after a legal review, the Company believes
that the device classification obtained from the Food and Drug Administration (" FDA ") Center for Veterinary Medicine
is not limited to canine and feline sarcomas, but rather may be extended to a much broader population of veterinary cancers, including
all or most solid tumors in animals. We expect the result of such classification and label review will be that no additional regulatory
approvals are necessary for the use of IsoPet for the treatment of solid tumors in animals. The FDA does not have premarket
authority over devices with a veterinary classification, and the manufacturers are responsible for assuring that the product is safe,
effective, properly labeled, and otherwise in compliance with all applicable laws and regulations.

 Based
on the FDA's recommendation, RadioGel TM will be marketed as "IsoPet " for use by veterinarians
to avoid any confusion between animal and human therapy. The Company already has trademark protection for the "IsoPet "
name. IsoPet and RadioGel TM are used synonymously throughout this document. The only distinction between IsoPet
 and RadioGel TM is the FDA's recommendation that we use "IsoPet " for veterinarian usage,
and reserve "RadioGel TM" for human therapy. Based on these developments, the Company has shifted its primary focus
to the development and marketing of Isopet for animal therapy, through the Company's IsoPet Solutions
division.

 The
Company's IsoPet Solutions division was established in May 2016 to focus on the veterinary oncology market, namely engagement of
university veterinarian hospital to develop the detailed therapy procedures to treat animal tumors and ultimately use of the technology
in private clinics. The Company has worked with three different university veterinarian hospitals on IsoPet testing and
therapy. Washington State University treated five cats for feline sarcoma and served to develop the procedures which are incorporated
in our label. They concluded that the product was safe and effective in killing cancer cells. Colorado State University demonstrated
the CT and PET-CT imaging of IsoPet. A contract was signed with University of Missouri to treat canine sarcomas and equine
sarcoids starting in November 2017.

 The
dogs were treated for canine soft tissue sarcoma. Response evaluation criteria in solid tumors (" RECIST ") is a set
of published rules that define when tumors in cancer patients improve (respond), stay the same (stabilize), or worsen (progress) during
treatment. The criteria were published by an international collaboration including the European Organisation for Research and Treatment
of Cancer (" EORTC "), National Cancer Institute of the United States, and the National Cancer Institute of Canada Clinical
Trials Group.

 The
testing at the University of Missouri met its objective to demonstrate the safety of IsoPet. Using its advanced CT and PET equipment
it was able to demonstrate that the dose calculations were accurate and that the injections perfused into the cell interstices and did
not stay concentrated in a bolus. This results in a more homogeneous dose distribution. There was insignificant spread of Y-90 outside
the points of injection demonstrating the effectiveness of the particles and the gel to localize the radiation with no spreading to the
blood or other organs nor to urine or fecal material. This confirms that IsoPet is safe for same day therapy.

 The
effectiveness of IsoPet for life extension was not the prime objective, but it resulted in valuable insights. Of the cases one is
still cancer-free but the others eventually recurred since there was not a strong focus on treating the margins. The University of Missouri
has agreed to become a regional center to administer IsoPet therapy and will incorporate the improvements suggested by the testing
program.

 The
Company anticipates that future profits, if any, will be derived from direct sales of RadioGel (under the name IsoPet)
and related services, and from licensing to private medical and veterinary clinics in the U.S. and internationally. The Company intends
to report the results from the IsoPet Solutions division as a separate operating segment in accordance with GAAP.

 Commencing
in July 2019, the Company recognized its first commercial sale of IsoPet. A veterinarian from Alaska brought his cat with a re-occurrent
spindle cell sarcoma tumor on his face. The cat had previously received external beam therapy, but now the tumor was growing rapidly.
He was given a high dose of 400Gy with heavy therapy at the margins. This sale met the revenue recognition requirements under the Financial Accounting Standards Board (" FASB ") Accounting Standards Codification (" ASC ")
Topic 606
as the performance obligation was satisfied. The Company completed sales for an additional four animals that received the IsoPet
during 2019.

 Our
plan is to incorporate the data assembled from our work with Isopet in animal therapy to support the Company's
efforts in the development of our RadioGel device candidate, including obtaining approval from the FDA to market and sell RadioGel
as a Class II medical device. RadioGel is an injectable particle-gel for brachytherapy radiation treatment of cancerous tumors
in people and animals. RadioGel is comprised of a hydrogel, or a substance that is liquid at room temperature and then gels when
reaching body temperature after injection into a tumor. In the gel are small, less than two microns, Y-90 phosphate particles. Once injected,
these inert particles are locked in place inside the tumor by the gel, delivering a very high local radiation dose. The radiation is
beta, consisting of high-speed electrons. These electrons only travel a short distance so the device can deliver high radiation to the
tumor with minimal dose to the surrounding tissue. Optimally, patients can go home immediately following treatment without the risk of
radiation exposure to family members. Since Y-90 has a half-life of 2.7 days, the radioactivity drops to 5% of its original value after
ten days.

 The
Company modified its Indication for Use from skin cancer to cancerous tissue or solid tumors pathologically associated with locoregional
papillary thyroid carcinoma and recurrent papillary thyroid carcinoma having discernable tumors associated with metastatic lymph nodes
or extranodal disease in patients who are not surgical candidates or who have declined surgery, or patients who require post-surgical
remnant ablation (for example, after prior incomplete radioiodine therapy). Papillary thyroid carcinoma belongs to the general class
of head and neck tumors for which tumors are accessible by intraoperative direct needle injection. The Company's Medical Advisory
Board felt that demonstrating efficacy in clinical trials was much easier with this new indication.

 Intellectual
Property

 Our original license with Battelle National Laboratory (the " Battelle
License ") reached its end of life in 2022. During the past several years, we have expanded our proprietary knowledge, as well
as our trademark and patent protection, in anticipation of the Battelle License reaching the end of its term.

 Our
RadioGel trademark protection is in 17 countries. We have expanded our trademark protection from RadioGel to now include IsoPet. We obtained
the International Certificate of Registration for ISOPET, which is the first step to file in several countries.

 We
filed for trademark protection for the term Precision Radionuclide Therapy TM. We believe this term will be increasingly important.

 The
Company received the Patent Cooperation Treaty (" PCT ") International Search Report on our patent application (No.1811.191).
Seven of our claims were immediately ruled as having novelty, inventive step and industrial applicability. This gives us the basis to
extend for many years the patent protection for our proprietary Yttrium-90 phosphate particles utilized in Isopet and
Radiogel.

 Our patent team filed our particle patent in more than ten patent offices
that collectively cover 63 countries throughout the world. We filed a continuation-in-part applications number 1774054 in the United States
of America (" USA ", or " U.S.") to expand the claims on our particle patent. The U.S. Patent office
recently gave us the Notice of Allowance for our patent to produce our yttrium phosphate microparticles, U.S. Patent Application Serial
No: 16-459,466. We also filed an amendment to correct the wording on our claims at make them consistent with the USE claims. Ref: 4207-0005;
European Patent Application NO. 20 834 229.5; VIVOS INC; Our Ref: FS/53791.

 We
filed a hydrogel utility patent in the USA (16309:17/943,311) and internationally (16389:PCT/US22/4374) based on the last 18 months
of development work to optimize our hydrogel component. These include reducing the polymer production time and increasing the output
by a factor of three. We have also further reduced the level of trace contaminants to be well below the FDA guidelines.

 We
filed a provisional patent (Serial Number 63436562) to protect our innovative improvements in our shipping container, our vial shield,
our syringe shield, and our Peltier chiller. Our objectives were to reduce shipping costs, decrease radiation exposure, and enhance sterility.
These devices will be preferentially used at Mayo Clinics for human clinical studies at and our IsoPet regional treatment centers. We
filed a utility patent in our fourth quarter of 2023 for this therapy support equipment.

 We
anticipate that Precision Radionuclide Therapy will become increasingly important in the future and expand to other isotope and other
indications for use. Therefore, we filed an alternate particle utility patent (Serial number 18/152,137). The Company will focus its near-term
effort on the Yttrium-90 therapy, which we believe is the best beta emitter; however, we leveraged our hydrogel utility patent to incorporate
other promising isotopes and compounds for a range of future applications. This includes gamma and alpha particle emitters.

 IsoPet
Regional Clinics

 We
currently have four regional therapy clinics:

 Vista
 Veterinary Hospital – Kennewick, WA

 University
 of Missouri – Columbia, MO

 Johns
 Hopkins University – Baltimore, MD

 New
England Equine Practice – Patterson, NY

 Myhre
Equine Clinic

 Indian Creek Veterinary Hospital

 Hopkinton
 Animal Hospital - Weare NH

 Vista
Veterinary Hospital (" Vista ") was selected as the pilot private clinic to initiate commercial sales of IsoPet.
It is good management practice to implement and learn from a pilot program before spreading to regional clinics across the country. Vista
is in the Tri-Cities Washington area which is convenient for interactions with key personnel of the Company.

 Vista
has done well on two audits by the Washington State Department of Health. The Company is working closely with the Washington State Department
of Health to refine and improve the radioactive material license. The Company has added several detailed procedures, which will benefit
future regional clinics. In addition, a second veterinarian has completed all the preliminary requirements to become certified. All that
remains is to demonstrate proficiency in three therapies.

 The
testing at the universities and at Vista have demonstrated that IsoPet is effective on killing cancer tissue near the
injections. It is most effective in early cases before the cancer has begun to spread. Later stage cancers are more difficult to treat
since the tendrils from the primary cancer site are not well defined and therefore can lead to recurrence.

 Vista
accepted advanced cancer cases and has gained experience to extend the animal's lives. The first cat was terminally ill and had
previously had external beam, surgery and chemotherapy. The facial tumor was treated with 400 Gray and the biopsy confirmed that the
cancer was killed. In about seven months the cancer returned in the throat and could not be treated so the cat had to be put down. Dr.
Bauder, the veterinarian pet parent, was still elated about the life extension and is asking us to use him as a reference. The other
cases were also very advanced with multiple tumors and they recurred since they had already spread before therapy. One animal, Yukon,
had a large tumor on her leg that was recommended for amputation. The tumor size decreased 50% after the first treatment, but then stopped
decreasing. For the first time, a second therapy was administered and the tumor has continued to decrease in size. Yukon's life
was extended for more than a year until she finally succumbed to metastatic cancer in another location.

 Since
IsoPet has shown to be effective in killing cancer at the site of injection the current focus is in optimizing the techniques
to help the pet resorb the necrotic tissue rapidly. In addition, IsoPet was used to treat a mast cell tumor. When these
cancers are destroyed, they release their mast cell. The animal was treated with a steroid to counter this effect, and to date, is doing
well.

 The
Company's efforts are now to obtain more early-stage cancer patients. The biggest obstacle is to convince the veterinarians of
the pet parents to agree with IsoPet therapy rather than using a more traditional method such as surgery. This is a slow
process due to the conservative nature of the veterinarian professions. This is the prime motivation to continue with additional clinical
trials and to publish the results.

 The
Company worked closely with FX Masse to develop nine certification training modules for use in potential regional clinics. These modules
are necessary to satisfy the radioactive material handling licenses. This approach is very cost effective.

 Johns
Hopkins University Veterinary Clinical Trials Network (" Johns Hopkins "), is now an Isopet regional
clinic. Additionally, Johns Hopkins will also perform new Isopet animal studies on various specific cancers. They have the
required radioactive material license and have completed their training certification for Isopet. This important relationship
will also help meet our objective of obtaining high quality data on a range of cancers that can be published in leading journals.
These publications are the optimal way to increase awareness of Isopet, and to gain broader acceptance from the
veterinarian/oncology community. Johns Hopkins just completed the VX2 Tumor therapy animal study in rabbits and is writing a report
on the study. The study further demonstrated the safety of RadioGel TM, generating the activity decay curves that show
that the hydrogel remains at the injection site. This study also: (1) demonstrated the validity of the Instructions for Use; (2) the
validity of the Injection Guidance Table; and (3) provided a basis for refining the techniques for treating small human cancerous
lymph nodes.

 Our
objectives are to open several more regional clinics over the next three years, and to participate in a minimum of four conferences annually
to spread the word about IsoPet in the veterinarian community for treating tumors in small animals and horses. Our Veterinary
Medicine Steering Board provides advice on obtaining new pet patients.

 Regulatory
History

 Human
Therapy

 RadioGel has a long regulatory history with the FDA. Initially, the Company submitted a presubmission
(Q130140) to obtain FDA feedback about the proposed product. The FDA requested that the Company file a request for designation with the
Office of Combination Products (RFD130051), which led to the determination that RadioGel is a device for human therapy for non-resectable
cancers, which must be reviewed and ultimately regulated by the Center for Devices and Radiological Health (" CDRH ").
The Company then submitted a 510(k) notice for RadioGel (K133368), which was found Not Substantially Equivalent due to the lack
of a suitable predicate, and RadioGel was assigned to the Class III product code NAW (microspheres). Class III products or devices
are generally the highest risk devices and are therefore subject to the highest level of regulatory review, control, and oversight. Class
III products or devices must typically be approved by FDA before they are marketed. Class II devices represent lower risk products or
devices than Class III and require fewer regulatory controls to provide reasonable assurance of the product's or device's
safety and effectiveness. In contrast, Class I products and devices are deemed to be lower risk than Class I or II, and are therefore
subject to the least regulatory controls.

 A
pre-submission meeting (Q140496) was held with the FDA on June 17, 2014, during which the FDA maintained that RadioGel should
be considered a Class III device and therefore subject to pre-market approval. On December 29, 2014, the Company submitted a de novo
 petition for RadioGel (DEN140043). The de novo petition was denied by the FDA on June 1, 2015, with the FDA providing
numerous comments and questions. On September 29, 2015, the Company submitted a follow-up pre-submission informational meeting request
with the FDA (Q151569). This meeting took place on November 9, 2015, at which time the FDA indicated acceptance of the Company's
applied dosimetry methods and clarified the FDA's outstanding questions regarding RadioGel. Following the November 2015
pre-submission meeting, the Company prepared a new pre-submission package to obtain FDA feedback on the proposed testing methods, intended
to address the concerns raised by the FDA staff and to address the suitability of RadioGel for de novo reclassification.
This pre-submission package was presented to the FDA in a meeting on August 29, 2017. During the August 2017 meeting, the FDA clarified
their position on the remaining pre-clinical testing needed for RadioGel. Specifically, the FDA addressed proposed dosimetry calculating
techniques, dosimetry distribution between injections, hydrogel viscoelastic properties, and the details of the Company's proposed
animal testing.

 The
Company believes that its submissions to the FDA to date have addressed all the FDA staff's feedback over the past four years.
Of particular importance, the Company has provided corresponding supporting data for proposed future testing of RadioGel to address
any remaining questions raised by the FDA. We believe, although no assurances can be given, that the clinical testing modifications presented
to the FDA in August 2017 will result in a de novo reclassification for RadioGel by the FDA. In addition, in previous FDA
submittals, the Company proposed applying RadioGel for a very broad range of cancer therapies, referred to as Indication for Use.
The FDA requested that the Company reduce its Indications for Use. To comply with that request, the Company expanded its Medical Advisory
Board (" MAB ") and engaged doctors from respected hospitals who have evaluated the candidate cancer therapies based
on three criteria: (1) potential for FDA approval and successful therapy (2) notable advantage over current therapies and
(3) probability of wide-spread acceptance by the medical community.

 In
November 2020 the Company submitted a request for a Breakthrough Device Designation. Ultimately, this was denied, but the FDA acknowledged,
"The FDA does believe that RadioGel meets criterion #2a: Device represents breakthrough technology. Your device does
meet this criterion because it is a novel application of a brachytherapy device outside of the liver." More importantly the
process resulted in a rapid review of our existing data and approach. It led to a redirection of our efforts on writing the Investigational Device Exemptions (" IDEs ") and saved
the Company much time in the review of that future application.

 Based on advice from the FDA the Company has scheduled a Pre-Submission
meeting on November 30, 2021 to discuss a draft of an IDE for Early Feasibility Medical Device Clinical Studies, including certain First
in Human (" FIH ") Studies. Using this process results in more rapid feedback to prepare the final IDE.

 The
FDA was very supportive and had suggested this Q-Submission path for rapid turnaround and dialog. The Mayo Clinic physicians did an
excellent job presenting the need for Radiogel to treat recurrent thyroid cancer and to answer a range of
questions from the new FDA review team. The FDA provided many helpful suggestions on a range of subjects from labeling to dosimetry
to the Mayo Clinic protocol for clinical testing, and the need for some additional specific testing. They suggested having another
Q-Sub Review and conference call dedicated to the details of the dosimetry calculations.

 In May of 2022 the Company held another pre-submission meeting with
the FDA. They concurred with our dosimetry techniques and requested one more animal test to confirm that the Y-90 stays at the injection
site. We will be proposing a pre-submission meeting to discuss this new animal test of VX-2 tumors in rabbits at Johns Hopkins. We have
a meeting scheduled with the FDA in October to obtain their feedback on our new animal test plan. In the meantime, the Company is working
to complete all the other required pre-clinical testing, such as biocompatibility since they are required for the submittal of the IDE.

 We held another pre-submission meeting with the FDA on October 17,
2022 to obtain detailed feedback on the proposed VX-2/Rabbit Animal Test Plan and to submit the Risk Management Report (" RMR ").
The RMR analyzed all hypothetical scenarios and concluded that RadioGel is inherently safe.

 We participated in pre-submission meetings with the FDA on April 10,
2023, and September 29, 2023, to discuss the preliminary results of the VX2 tumor animal study and to obtain feedback on the genotoxicity
protocol.

 After providing addition information to the FDA on December 18, 2023,
the FDA classified us as a Breakthrough device to our proposed Indication for Use.

 In
parallel the Company is working with the Mayo Clinic's principal investigators to improve the clinical trial protocol for their
Institutional Review Board.

 The
MAB selected 18 applications for RadioGel, each of which meet the criteria described above. This large number confirms the
wide applicability of the device and defines the path for future business growth. The Company's application establishes a single
Indication for Use - treatment of cancerous tissue or solid tumors pathologically associated with locoregional papillary thyroid carcinoma
and recurrent papillary thyroid carcinoma.

 We anticipate that this initial application will facilitate each subsequent
application for additional Indications for Use. After the second Indication for Use, we intend to apply for a broad Indication for Use
which we would target to obtain approval to treat all solid tumors.

 Financing
and Strategy

 The Company's stock offering under Regulation A+ was qualified
by the Securities and Exchange Commission (" SEC ") on June 3, 2020. A second Regulation A+ offering was qualified by
the SEC on September 15, 2021, pursuant to the Company's offering statement on Form 1-A (File No. 024-11627) (the " Offering
Statement ") to raise capital by selling 50,000,000 shares at a price of $0.10 per share, for a maximum offering of $5,000,000
(the " Regulation A+ Offering "). In July 2022, the Company amended the Offering Statement, which the Company raised
$1,200,000 at $0.08 per share (15,000,000 shares) and sold 20,000,000 warrants for $20,000. An amendment to the Offering Statement was
filed and qualified in October 2022, to raise the remaining $3,800,000 of the original offering amount of $5,000,000 at a price of $0.08
per share. A further amendment to the Offering Statement was filed and qualified in December 2023, as supplemented, to raise the remaining
$3,200,000 at an offering price of $0.064 per share. During 2023, $1,179,245 was raised through the sale of 16,132,000 shares of common
stock and 18,797,000 warrants.

 The Company's offerings pursuant to Regulation A+ have raised
approximately $6,000,000 from the sale of shares and is using the proceeds generated as follows:

 For
the animal therapy market:

 Fund
 the effort to communicate the benefits of IsoPet to the veterinary community and the pet parents.

 Conduct
 additional clinical studies to generate more data for the veterinary community.

 Subsidize
 some IsoPet therapies, if necessary, to ensure that all viable candidates are treated.

 Assist
 a new regional clinic with their license and certification training.

 For
the human market:

 Enhance
 the pedigree of the Quality Management System.

 Complete
 the previously defined pre-clinical testing and additional testing on an animal model closely aligned with our revised indication
 for use. Report the results to the FDA in a pre-submission meeting.

 Use
 the feedback from that meeting to write the IDE, which is required to initiate clinical trials.

 Research and development of the Company's brachytherapy product
line has been funded with proceeds from the sale of equity and debt securities. The Company may require additional funding of approximately
$2 million annually to maintain current operating activities. Over the next 12 to 24 months, the Company believes it will cost approximately
$9 million to: (1) fund the FDA approval process to conduct human clinical trials; (2) conduct Phase I, pilot, clinical trials; (3) activate
several regional clinics to administer IsoPet across the county; (4) create an independent production center within the current production
site to create a template for future international manufacturing; and (5) initiate regulatory approval processes outside of the United
States. The proceeds to be raised from the recent qualified Regulation A+ Offering will be used to continue to fund this development.

 The
continued deployment of the brachytherapy products and a worldwide regulatory approval effort will require additional resources and personnel.
The principal variables in the timing and amount of spending for the brachytherapy products in the next 12 to 24 months will be the FDA's
classification of the Company's brachytherapy products as Class II or Class III devices (or otherwise) and any requirements for
additional studies which may possibly include clinical studies. Thereafter, the principal variables in the amount of the Company's
spending and its financing requirements would be the timing of any approvals and the nature of the Company's arrangements with
third parties for manufacturing, sales, distribution and licensing of those products and the products' success in the U.S. and
elsewhere. The Company intends to fund its activities through strategic transactions such as licensing and partnership agreements or
from proceeds to be raised from the recently qualified Regulation A+ Offering.

 Following
receipt of required regulatory approvals and financing, in the U.S., the Company intends to outsource material aspects of manufacturing,
distribution, sales and marketing. Outside of the U.S., the Company intends to pursue licensing arrangements and/or partnerships to facilitate
its global commercialization strategy.

 Long-term,
the Company intends to consider resuming research efforts with respect to other products and technologies intended to help improve the
diagnosis and treatment of cancer and other illnesses. These long-term goals are subject to the Company: (1) receiving adequate funding;
(2) receiving regulatory approval for RadioGel TM and other brachytherapy products; and (3) being able to successfully commercialize
its brachytherapy products.

 Based
on the Company's financial history since inception, the Company's independent registered public accounting firm has expressed
substantial doubt as to the Company's ability to continue as a going concern. The Company has limited revenue, nominal cash, and
has accumulated deficits since inception. If the Company cannot obtain sufficient additional capital, the Company will be required to
delay the implementation of its business strategy and may not be able to continue operations.

 The
Company's headquarters are in Northeast Washington; however, the focus of the animal therapy market has been the Northwestern sector
of the United States. The Company continues our marketing efforts to the animal therapy market, attempting to increase the exposure to
our product and generate revenue accordingly.

 As
of December 31, 2023, the Company has $1,592,287 cash on hand. There are currently commitments to vendors for products and services purchased.
To continue the development of the Company's products, the current level of cash may not be enough to cover the fixed and variable
obligations of the Company.

 There
is no guarantee that the Company will be able to raise additional funds or to do so at an advantageous price.

 Product
Features

 The
Company's RadioGel device has the following product features:

 Beta
 particles only travel a short distance so the device can deliver high radiation to the tumor with minimal dose to the nearby normal
 tissues. In medical terms Y-90 beta emitter has a high efficacy rate;

 Benefitting
 from the short penetration distance, the patient can go home immediately with no fear of exposure to family members, and there is
 a greatly reduced radiation risk to the doctor. A simple plastic tube around the syringe, gloves and safety glasses are all that
 is required. Other gamma emitting products require much more protection;

 A
 2.7-day half-life means that only 5% of the radiation remains after ten days. This is in contrast to the industry-standard gamma
 irradiation product, which has a half-life of 17 days;

 The
 short half-life also means that any medical waste can be stored for thirty days then disposed as normal hospital waste;

 RadioGel
 can be administered with small diameter needles (27-gauge) so there is minimal damage to the normal tissue. This contrasts with the
 injection of metal seeds, which does considerable damage; and

 After
 about 120 days the gel resorbs by a normal biological cycle, called the Krebs Cycle. The only remaining evidence of the treatment
 are phosphate particles so small in diameter that it requires a high-resolution microscope to find them. This contrasts with permanent
 presence of metal seeds.

 Steps
from Production to Therapy

 Device
Production

the next two years, the Company intends to outsource material aspects of manufacturing and distribution. As future product volume increases,
the Company will reassess its make-buy decision on manufacturing and will analyze the cost/benefit of a centrally located facility.

 Production
of the Hydrogel

 RadioGel
 is manufactured with a proprietary process under ventilated sterile hood by following strict Good Laboratory Practices (" GLP ")
procedures. It is made in large batches that are frozen for up to three months. When the product is ready to ship, a small quantity of
the gel is dissolved in a sterile saline solution. It is then passed through an ultra-fine filter to ensure sterility.

 Production
of the Yttrium-90 Phosphate Particles

 The
Y-90 particles are produced with simple ingredients via a proprietary process, again following strict GLP procedures. They are then mixed
into a phosphate-buffered saline solution. They can be produced in large batches for several shipments. The number of particles per shipment
is determined by the dose prescribed by the doctor.

 Pre-Mixing – Ready to Use ("RTU")

 The Company now pre-mixes the particle solution and the hydrogel and places the RTU IsoPet in standard size vials. This innovation is cost effective
and reduces the probability of any accidental spills or biological contamination at the therapy sites. It also simplified the certification
training for new regional clinics.

 Shipment

 The
vials are shipped inside the specially designed plastic shipping pigs via FedEx or UPS, all following the proper protocols.

 At
the User

 The
quantities and activities are in the information on the product label.

 The
specific injection technique depends on the Indication for Use. For small tumors, one centimeter in diameter or less, the cancer is treated
with a single injection. For larger tumors, the cancer is treated with a series of small injections from the same syringe or multiple
syringes.

 Principal
Markets

 The
Company is currently pursuing two synergistic business sectors, medical and veterinary, each of which are summarized below.

 Medical
Sector

 RadioGel
 is currently fully developed, requiring only FDA approval before commercialization.

 Building
on the FDA's ruling of RadioGel as a device, the Company incorporated the FDA suggestions and has invested in
the pre-clinical testing required for IDE submittal. This included two years of effort on biocompatibility testing. The last remaining
animal test has been designed, and the Company has begun the initial scoping phase.

 The
Company has been seeking FDA approval of RadioGel for almost five years. Recent progress has been delayed due to a lack of adequate
funding. The principal issue preventing approval is that the Company attempted to obtain regulatory approval for a broad range of Indications
for Use, including all non-resectable cancers, without sufficient supporting data.

 Veterinary
Sector

 There
are approximately 150 million pet dogs and cats in the United States. Nearly one-half of dogs and one-third of cats are diagnosed with
cancer at some point in their lifetime. The Veterinary Oncology & Hematology Center in Norwalk, Connecticut, reports that cancer
is the number one natural cause of death in older cats and dogs, accounting for nearly 50 percent of pet deaths each year. The American
Veterinary Medical Association reports that half of the dogs ten years or older will die because of cancer. The National Cancer Institute
reports that about six million dogs are diagnosed with cancer each year, translating to more than 16,000 a day.

 The
Company's IsoPet operating division focuses on the veterinary oncology market. Dr. Alice Villalobos, a founding
member of the Veterinary Cancer Society and the Chair of our Veterinary Medicine Advisory Board, has been providing guidance to management
regarding this market. The Veterinary Medicine Advisory Board gives us recommendations regarding the overall strategy for our animal
business sector. Specially, they recommended the university veterinary hospitals for demonstration therapies, the specific cancers to
be treated, and have provided business contact information to the private clinics. Dr. Villalobos has retired. Richard Weller DVM, DACVIM,
is now the Chairman of the Veterinary Medicine Advisory Board. In addition, John E. Hendrich, PhD, DVM is a new member.

 Development
of the product and application techniques and animal testing is allowed under FDA regulation. Commercial sales of RadioGel TM for
animals requires confirmation by the FDA Center for Veterinary Medicine (" CVM "). In January 2018, the Center for Veterinary
Medicine Product Classification Group, the entity within the CVM that is responsible for determining the classification of a product,
ruled that RadioGel TM should be classified as a device for animal therapy of feline sarcomas and canine soft tissue sarcomas.

 Additionally,
after a legal review, the Company believes that the device classification obtained from the FDA Center for Veterinary Medicine is not
limited to canine and feline sarcomas, but rather may be extended to a much broader population of veterinary cancers, including all or
most all solid tumors in animals. We expect the result of such classification and label approval will be that no additional regulatory
approvals are necessary for the use of RadioGel TM for the treatment of solid tumors in animals. The FDA does not have premarket
authority over devices with a veterinary classification, and the manufacturers are responsible for assuring that the product is safe,
effective, properly labeled, and otherwise in compliance with all applicable laws and regulations.

 The
Company currently intends to utilize university veterinary hospitals for therapy development, given that veterinary hospitals offer superior
and plentiful veterinarians and students, many animal patients, radioactive material handling licenses, and are respected by private
veterinary centers and hospitals.

 Competitors

 The
Company competes in a market characterized by technological innovation, extensive research efforts, and significant competition.

 The
pharmaceutical and biotechnology industries are intensely competitive and subject to rapid and significant technological changes. Several
companies are pursuing the development of pharmaceuticals and products that target the same diseases and conditions that our products
target. We cannot predict with accuracy the timing or impact of the introduction of potentially competitive products or their possible
effect on our sales. Certain potentially competitive products to our products may be in various stages of development. Also, there may
be many ongoing studies with currently marketed products and other developmental products, which may yield new data that could adversely
impact the use of our products in their current and potential future Indications for Use. The introduction of competitive products could
significantly reduce our sales, which, in turn would adversely impact our financial and operating results.

 There are a wide variety of cancer treatments approved and marketed
in the U.S. and globally. General categories of treatment include surgery, chemotherapy, radiation therapy and immunotherapy. These products
have a diverse set of success rates and side effects. The Company's products, including RadioGel, fall into the
brachytherapy treatment category. There are a number of brachytherapy devices currently marketed in the U.S. and globally. The traditional
iodine-125 (" I-125 ") and palladium-103 (" Pd-103 ") technologies for brachytherapy are well entrenched
with powerful market players controlling the market. The industry-standard I-125-based therapy was developed by Oncura, which is a unit
of General Electric Company. Additionally, C.R. Bard, a major industry player competes in the I-125 brachytherapy marketplace. These market
competitors are also involved in the distribution of Pd-103 based products. Cs-131 brachytherapy products are sold by IsoRay. Several
Y-90 therapies have been FDA approved including SIR-Spheres by Sirtex, TheraSphere by Biocompatibles UK and Zevalin by Spectrum Pharmaceuticals.

 Raw
Materials

 The Company currently subcontracts the manufacturing of RadioGel TM
at IsoTherapeutics. Eckert and Ziegler is the sole supplier of the Y-90 used by IsoTherapeutics to manufacture the Company's RadioGel.
The Company obtains supplies, hardware, handling equipment and packaging from several different U.S. suppliers. Eckert and Ziegler previously
provided Y-90 to the USA from Germany, but we now receive the material from their Massachusetts operations. We also spent more than a
year's effort to prepare Eckert and Ziegler to become a full provider of the particles and hydrogel, and they currently are positioned
to become an alternate supplier should the need arise.

2021, the Company engaged Akina, Inc. as an alternate supplier of its hydrogel polymer component. We have now expanded to include SciPoly
as another alternate polymer supplier.

 Customers

 The
Company anticipates that potential customers for our potential brachytherapy products likely would include those institutions and individuals
that currently purchase brachytherapy products or other oncology treatment products.

 Government
Regulation

 The
Company's present and future intended activities in the development, manufacturing, and sale of cancer therapy products, including
RadioGel, are subject to extensive laws, regulations, regulatory approvals and guidelines. Within the United States,
the Company's therapeutic radiological devices must comply with the U.S. Federal Food, Drug and Cosmetic Act, which is enforced
by FDA. The Company is also required to adhere to applicable FDA Quality System Regulations, also known as the Good Manufacturing Practices,
which include extensive record keeping and periodic inspections of manufacturing facilities.

 In
the United States, the FDA regulates, among other things, new product clearances and approvals to establish the safety and efficacy of
these products. We are also subject to other federal and state laws and regulations, including the Occupational Safety and Health Act
and the Environmental Protection Act.

 The
Federal Food, Drug, and Cosmetic Act and other federal statutes and regulations govern or influence the research, testing, manufacture,
safety, labeling, storage, record keeping, approval, distribution, use, reporting, advertising and promotion of such products. Noncompliance
with applicable requirements can result in civil penalties, recall, injunction or seizure of products, refusal of the government to approve
or clear product approval applications, disqualification from sponsoring or conducting clinical investigations, preventing us from entering
into government supply contracts, withdrawal of previously approved applications, and criminal prosecution.

 In
the United States, medical devices are classified into three different categories over which the FDA applies increasing levels of regulation:
Class I, Class II, and Class III. Most Class I devices are exempt from premarket notification 510(k); most Class II devices require premarket
notification 510(k); and most Class III devices require premarket approval. RadioGel is currently classified as a Class
III device.

 Approval
of new Class III medical devices is a lengthy procedure and can take a number of years and require the expenditure of significant resources.
There is a shorter FDA review and clearance process for Class II medical devices, the premarket notification or 510(k) process, whereby
a company can market certain Class II medical devices that can be shown to be substantially equivalent to other legally marketed devices.

 The Company intends to apply for a de novo petition with an
anticipated expenditure of $10.0 million over the next four years. This expenditure estimate includes anticipated costs associated with
in vitro and in vivo pre-clinical testing, our application for an Investigational Device Exemption, Phase I and Phase II clinical trials
and our application for a de novo petition.

 As
a registered medical device manufacturer with the FDA, we are subject to inspection to ensure compliance with FDA's current Good
Manufacturing Practices, or cGMP. These regulations require that we and any of our contract manufacturers design, manufacture, and service
products, and maintain documents in a prescribed manner with respect to manufacturing, testing, distribution, storage, design control,
and service activities. Modifications or enhancements that could significantly affect the safety or effectiveness of a device or that
constitute a major change to the intended use of the device require a new 510(k) premarket notification for any significant product modification.

 The
Medical Device Reporting regulation requires that we provide information to the FDA on deaths or serious injuries alleged to be associated
with the use of our devices, as well as product malfunctions that are likely to cause or contribute to death or serious injury if the
malfunction were to recur. Labeling and promotional activities are regulated by the FDA and, in some circumstances, by the Federal Trade
Commission.

 As
a medical device manufacturer, we are also subject to laws and regulations administered by governmental entities at the federal, state,
and local levels. For example, our facility is licensed as a medical device manufacturing facility in the State of Washington and is
subject to periodic state regulatory inspections. Our customers are also subject to a wide variety of laws and regulations that could
affect the nature and scope of their relationships with us.

 In
the United States, as a manufacturer of medical devices and devices utilizing radioactive byproduct material, we are subject to extensive
regulation by not only federal governmental authorities, such as the FDA and FAA, but also by state and local governmental authorities,
such as the Washington State Department of Health, to ensure such devices are safe and effective. In Washington State, the Department
of Health, by agreement with the federal Nuclear Regulatory Commission (" NRC "), regulates the possession, use, and
disposal of radioactive byproduct material as well as the manufacture of radioactive sealed sources to ensure compliance with state and
federal laws and regulations. RadioGel constitutes both medical devices and radioactive sealed sources and are subject
to these regulations.

 Moreover,
our use, management, and disposal of certain radioactive substances and wastes are subject to regulation by several federal and state
agencies depending on the nature of the substance or waste material. We believe that we are in compliance with all federal and state
regulations for this purpose.

 Environmental
Regulation

 Our
business does not require us to comply with any extraordinary environmental regulations. Our RadioGel product is manufactured
in an independently owned and operated facility. Any environmental effects or contamination event that could result would be from the
shipping company during shipment and misuse by the treatment facility upon arrival.

 Human
Capital

 As
of December 31, 2023, the Company had one full-time personnel. The Company utilizes several independent contractors to assist with its
operations. The Company does not have a collective bargaining agreement with any of its personnel and believes its relations with its
personnel are good.

 Available
Information

 The Company prepares and files annual reports on Form 10-K, quarterly
reports on Form 10-Q, current reports on Form 8-K and certain other information with the SEC. The SEC maintains an Internet site that
contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC at
Moreover, the Company maintains a website at  RadioGel.com that contains important information about the Company, including
biographies of key management personnel, as well as information about the Company's business. This information is publicly available
and is updated regularly. The content on any website referred to in this Annual Report is not incorporated by reference into this Annual
Report, unless (and only to the extent) expressly so stated herein.

 ITEM
1A. RISK FACTORS.

 Investing
in our common stock involves a high degree of risk. You should carefully consider the risks described below, as well as the other information
in this Annual Report, including our financial statements and the related notes and "Management's Discussion and Analysis
of Financial Condition and Results of Operations," before deciding whether to invest in our securities. The occurrence of any of
the events or developments described below could harm our business, financial condition, operating results, and growth prospects. In
such an event, the market price of our common stock could decline, and you may lose all or part of your investment. Additional risks
and uncertainties not presently known to us or that we currently deem immaterial also may impair our business operations.

 RISKS
ASSOCIATED WITH THE COMPANY'S BUSINESS

 Our
independent registered public accounting firms' reports on its financial statements questions the Company's ability to continue
as a going concern.

 The
Company's independent registered public accounting firms' reports on the Company's financial statements for the years
ended December 31, 2023 and 2022 express substantial doubt about the Company's ability to continue as a going concern. The reports
include an explanatory paragraph stating that the Company has suffered recurring losses, used significant cash in support of its operating
activities and based on its current operating levels, require additional capital or restructuring to sustain its operation for the foreseeable
future. There is no assurance that the Company will be able to obtain sufficient additional capital to continue its operations and to
alleviate doubt about its ability to continue as a going concern. If the Company obtains additional financing, such funds may not be
available on favorable terms and likely would entail considerable dilution to existing shareholders. Any debt financing, if available,
may involve restrictive covenants that restrict its ability to conduct its business. It is extremely remote that the Company could obtain
any financing on any basis that did not result in considerable dilution for shareholders. Inclusion of a "going concern qualification"
in the report of its independent accountants or in any future report may have a negative impact on our ability to obtain debt or equity financing and may adversely
impact our stock price.

 A
combination of our current financial condition and the FDA's determinations to date regarding our brachytherapy products raise
material concerns about ability to continue as a going concern.

 The Company will not be able to continue as a going concern unless
the Company obtains financing. Depending upon the amount of financing, if any, the Company can obtain, the Company may not receive adequate
funds to continue the approval process for RadioGel or other brachytherapy products with the FDA, which would disrupt our business
operations or derail our business strategy, and materially and adversely affect our business, financial condition and results of operations.

 The
Company has generated operating losses since inception, which are expected to continue, and has increasing cash requirements, which it
may be unable to satisfy.

 The Company has generated material operating losses since inception.
The Company has had recurring net losses since inception which has resulted in an accumulated deficit of $82,450,781 and $79,556,028 as
of December 31, 2023 and 2022, respectively, including net losses of $2,894,753 and $2,470,161 for the years ended December 31, 2023 and
2022, respectively. Historically, the Company has relied upon investor funds to maintain its operations and develop its business. The
Company needs to raise additional capital from investors for working capital as well as business expansion, and there is no assurance
that additional investor funds will be available on terms acceptable to the Company, or at all. If the Company is unable to unable to
obtain additional financing to meet its working capital requirements, the Company likely would cease operations.

 The Company requires funding of at least $5 million per year to maintain
current operating activities. Over the next 24 months, the Company believes it will cost approximately $9 million to: (1) fund the FDA
approval process to conduct human clinical trials; (2) conduct Phase I, pilot, and clinical trials; (3) activate several regional clinics
to administer IsoPet across the county; (4) create an independent production center within the current production site
to create a template for future international manufacturing; and (5) initiate regulatory approval processes outside of the United States.

 The
principal variables in the timing and amount of spending for the brachytherapy products in the next 12 to 24 months will be the FDA's
classification of the Company's brachytherapy products as Class II or Class III devices (or otherwise) and any requirements for
additional studies, which may possibly include clinical studies. Thereafter, the principal variables in the amount of the Company's
spending and its financing requirements would be the timing of any approvals and the nature of the Company's arrangements with
third parties for manufacturing, sales, distribution and licensing of those products and the products' success in the U.S. and
elsewhere. The Company intends to fund its activities through strategic transactions such as licensing and partnership agreements or
additional capital raises.

 Recent
economic events, the inherent instability in global capital markets, as well as the lack of liquidity in the capital markets, could adversely
impact the Company's ability to obtain financing and its ability to execute its business plan, which would materially and adversely affect our business and operations.

 The
Company has a limited operating history, which may make it difficult to evaluate its business and prospects.

 The
Company has a limited operating history upon which one can base an evaluation of its business and prospects. As a company in the development
stage, there are substantial risks, uncertainties, expenses, and difficulties to which its business is subject. To address these risks
and uncertainties, the Company must do the following:

 successfully
 develop and execute the business strategy;

 respond
 to competitive developments; and

 attract,
 integrate, retain and motivate qualified personnel.

 There
is no assurance that the Company will achieve or maintain profitable operations or that the Company will obtain or maintain adequate
working capital to meet its obligations as they become due. The Company cannot be certain that its business strategy will be successfully
developed and implemented or that the Company will successfully address the risks that face its business. In the event that the Company
does not successfully address these risks, its business, prospects, financial condition, and results of operations could be materially
and adversely affected.

 The
Company's products are regulated and require appropriate clearances and approvals to be marketed in the U.S. and globally.

 There
is no assurance the FDA or other global regulatory authorities will grant the Company permission to market the Company's brachytherapy
Y-90 RadioGel device.

 The Company has been working with the FDA to obtain clearance for its
brachytherapy Y-90 RadioGel TM device, but no assurances have been received. On December 23, 2014, the Company announced that
it submitted a de novo application to the FDA for marketing clearance for its patented Y-90 RadioGel TM device pursuant
to Section 513(f)(2) of the U.S. Food, Drug and Cosmetic Act (the " Act "). In June 2015, the FDA notified the Company
the de novo application was not granted. In February 2014, the FDA found the same device under Section 510(k) of the Act not substantially
equivalent and concluded that the device is classified by statute as a Class III medical device, unless the device is reclassified. The
Company is seeking reclassification of the product to Class II. If the Company is successful in seeking reconsideration of the Company's
 de novo application, as a regulatory matter, the device could be on an easier and faster path to market in the United States. However,
there would still be the requirements to complete the in vitro and in vivo testing, and then some human clinical trials. That testing
date is submitted in a de novo pre-market application and if accepted we could then go to market. As a practical matter, the Company would
still need to secure funding and commercial arrangements before marketing could commence. If the de novo application is declined
and if the Company obtains funding to permit it to continue operations, the Company will explore steps toward seeking approval for the
device as a Class III medical device. Generally, the time period and cost of seeking approval as a Class III medical device is materially
greater than the time period and cost of seeking approval as a Class II medical device. If the Company seeks approval as a Class III device,
human clinical trials will be necessary. Generally, human trials for Class III products are larger, of longer duration and costlier than
those for Class II devices.

 If human clinical trials are necessary, there will be additional cost
and time to reach marketing clearance or approval. Unless the Company obtains sufficient funding, it will be unable to undertake such
activities. There can be no assurance that the product will be approved as either a Class II or Class III device by the FDA even if additional
data is provided. In August 2017, the Company met again with the FDA in a pre-submission meeting to once again go through the requirements
for pre-clinical testing and to answer the previous FDA questions submitted years before. There can be no assurance that the Company will
receive FDA approval, or if it does, the timing thereof.

 If
the Company is successful in increasing the size of its organization, the Company may experience difficulties in managing growth.

 The
Company is a small organization with a minimal number of employees. If the Company is successful, it may experience a period of significant
expansion in headcount, facilities, infrastructure and overhead and further expansion may be required to address potential growth and
market opportunities. Any such future growth will impose significant added responsibilities on members of management, including the need
to improve the Company's operational and financial systems and to identify, recruit, maintain and integrate additional managers.
The Company's future financial performance and its ability to compete effectively will depend, in part, on the ability to manage
any future growth effectively.

 The
Company's business is dependent upon the continued services of the Company's Chief Executive Officer, Michael Korenko. Should
the Company lose the services of Dr. Korenko, the Company's operations will be negatively impacted.

 The
Company's business is dependent upon the expertise of its Chief Executive Officer, Michael Korenko. Dr. Korenko is essential to
the Company's operations. Accordingly, an investor must rely on Dr. Korenko's management decisions that will continue to
control the Company's business affairs. The Company does not maintain key man insurance on Dr. Korenko's life. The loss of
the services of Dr. Korenko would have a material adverse effect upon the Company's business. To mitigate this risk, David Swanberg
has been groomed as a replacement candidate. He has extensive experience as a co-founder of IsoRay and has been actively working with
Dr. Korenko as a consultant for the last two years.

 The
Company is heavily dependent on consultants for many of the services necessary to continue operations. The loss of any of these consultants
could have a material adverse effect on the Company's business, results of operations and financial condition.

 The Company's success is heavily dependent on the continued active
participation of certain consultants and collaborating scientists. Certain consultants have no written contracts. Loss of the services
of any one or more of its consultants could have a material adverse effect upon the Company's business, results of operations and
financial condition.

 If
the Company is unable to hire and retain additional qualified personnel, the business and financial condition may suffer.

 The
Company's success and achievement of its growth plans depend on its ability to recruit, hire, train and retain highly qualified
technical, scientific, regulatory, and managerial employees, consultants and advisors. Competition for qualified personnel among pharmaceutical
and biotechnology companies is intense, and an inability to attract and motivate additional highly skilled personnel required for the
expansion of the Company's activities, or the loss of any such persons, could have a material adverse effect on its business, results
of operations and financial condition.

 The
Company's revenues have historically been derived from sales made to a small number of customers. The Company has discontinued
prior operations related to its core business. To succeed, we will need to recommence our operations and achieve sales to a materially
larger number of customers.

 The
Company's revenues relate to their commercializing of its products and procedures performed. The Company had $19,500 and $36,499
in operating revenues, net of discounts for the years ended December 31, 2023 and 2022, respectively, as we have commenced sales of IsoPet.

 Many
of the Company's competitors have greater resources and experience than the Company has.

 Many
of the Company's competitors have greater financial resources, longer history, broader experience, greater name recognition, and
more substantial operations than the Company has, and they represent substantial long-term competition for us. The Company's competitors
may be able to devote more financial and human resources than the Company can to research, new product development, regulatory approvals,
and marketing and sales. The Company's competitors may develop or market products that are viewed by customers as more effective
or more economical than the Company's products. There is no assurance that the Company will be able to compete effectively against
current and future competitors, and such competitive pressures may adversely affect the Company's business and results of operations.

 The
Company's future revenues depend upon acceptance of its current and future products in the markets in which they compete.

 The
Company's future revenues depend upon receipt of financing, regulatory approval and the successful production, marketing, and sales
of the various isotopes the Company might market in the future. The rate and level of market acceptance of each of these products, if
any, may vary depending on the perception by physicians and other members of the healthcare community of its safety and efficacy as compared
to that of any competing products; the clinical outcomes of any patients treated; the effectiveness of its sales and marketing efforts
in the United States, Europe, Far East, Middle East, and Russia; any unfavorable publicity concerning its products or similar products;
the price of the Company's products relative to other products or competing treatments; any decrease in current reimbursement rates
from the Centers for Medicare and Medicaid Services or third-party payers; regulatory developments related to the manufacture or continued
use of its products; availability of sufficient supplies to either purchase or manufacture its products; its ability to produce sufficient
quantities of its products; and the ability of physicians to properly utilize its products and avoid excessive levels of radiation to
patients. Any material adverse developments with respect to the commercialization of any such products may adversely affect revenues
and may cause the Company to continue to incur losses in the future.

 The
Company currently relies on a single supplier for Y-90 particles, and that supplier is the only supplier in the United States. An inability
to procure Y-90 particles will materially harm the Company's business.

 There
is only one supplier of Y-90 particles in the United States, requiring us to rely entirely on this supplier to provide the Y-90 particles
needed to produce RadioGel TM. If we are unable to obtain a sufficient supply of Y-90 particles, we will not be able to proceed
with our development of RadioGel TM and our business would be materially harmed.

 The
Company currently subcontracts the manufacturing of RadioGel TM to IsoTherapeutics. Eckert and Ziegler is the sole supplier
of the Y-90 particles used by IsoTherapeutics and is the only supplier of Y-90 particles in the United States. In the event PerkinElmer
is unable to satisfy our supply requirements or stope producing Y-90 particles, we will be unable to continue with development of RadioGel
and our business would be materially harmed.

 The
Company will rely heavily on a limited number of suppliers for the foreseeable future.

 Some of the products the Company might market, and components thereof,
are currently available only from a limited number of suppliers, several of which are international suppliers. Failure to obtain deliveries
from these sources would have a material adverse effect on the Company's ability to operate.

 The
Company may incur material losses and costs as a result of product liability claims that may be brought against it.

 The
Company faces an inherent business risk of exposure to product liability claims in the event that products supplied by the Company fail
to perform as expected or such products result, or is alleged to result, in bodily injury. Any such claims may also result in adverse
publicity, which could damage the Company's reputation by raising questions about the safety and efficacy of its products and could
interfere with its efforts to market its products. A successful product liability claim against the Company in excess of its available
insurance coverage or established reserves may have a material adverse effect on its business. Although the Company currently maintains
liability insurance in amounts it believes are commercially reasonable, any product liability the Company may incur may exceed its insurance
coverage.

 The
Company is subject to the risk that certain third parties may mishandle the Company's products.

 If
the Company markets products, the Company likely will rely on third parties, such as commercial air courier companies, to deliver the
products, and on other third parties to package the products in certain specialized packaging forms requested by customers. The Company
thus would be subject to the risk that these third parties may mishandle its product, which could result in material adverse effects,
particularly given the radioactive nature of some of the products.

 The
Company is subject to uncertainties regarding reimbursement for use of its products.

 Hospitals
and freestanding clinics may be less likely to purchase the Company's products if they cannot be assured of receiving favorable
reimbursement for treatments using its products from third-party payers, such as Medicare and private health insurance plans. Third-party
payers are increasingly challenging the pricing of certain medical services or devices, and there is no assurance that they will reimburse
the Company's customers at levels sufficient for it to maintain favorable sales and price levels for the Company's products.
There is no uniform policy on reimbursement among third-party payers, and there is no assurance that the Company's products will
continue to qualify for reimbursement from all third-party payers or that reimbursement rates will not be reduced. A reduction in or
elimination of third-party reimbursement for treatments using the Company's products would likely have a material adverse effect
on the Company's revenues.

 The
Company's future growth is largely dependent upon its ability to develop new technologies that achieve market acceptance with appropriate
margins.

 The
Company's business operates in global markets that are characterized by rapidly changing technologies and evolving industry standards.
Accordingly, future growth rates depend upon a number of factors, including the Company's ability to (i) identify emerging technological
trends in the Company's target end-markets, (ii) develop and maintain competitive products, (iii) enhance the Company's products
by adding innovative features that differentiate the Company's products from those of its competitors, and (iv) develop, manufacture
and bring products to market quickly and cost-effectively. The Company's ability to develop new products based on technological
innovation can affect the Company's competitive position and requires the investment of significant resources. These development
efforts divert resources from other potential investments in the Company's business, and they may not lead to the development of
new technologies or products on a timely basis or that meet the needs of the Company's customers as fully as competitive offerings.
In addition, the markets for the Company's products may not develop or grow as it currently anticipates. The failure of the Company's
technologies or products to gain market acceptance due to more attractive offerings by the Company's competitors could significantly
reduce the Company's revenues and adversely affect the Company's competitive standing and prospects.

 The
Company may rely on third parties to represent it locally in the marketing and sales of its products in international markets and its
revenue may depend on the efforts and results of those third parties.

 The
Company's future success may depend, in part, on its ability to enter into and maintain collaborative relationships with one or
more third parties, the collaborator's strategic interest in the Company's products and the Company's products under
development, and the collaborator's ability to successfully market and sell any such products.

 The
Company intends to pursue collaborative arrangements regarding the marketing and sales of its products; however, it may not be able to
establish or maintain such collaborative arrangements, or if it is able to do so, the Company's collaborators may not be effective
in marketing and selling its products. To the extent that the Company decides not to, or is unable to, enter into collaborative arrangements
with respect to the sales and marketing of its products, significant capital expenditures, management resources and time will be required
to establish and develop an in-house marketing and sales force with technical expertise. To the extent that the Company depends on third
parties for marketing and distribution, any revenues received by the Company will depend upon the efforts and results of such third parties,
which may or may not be successful.

 The
Company may pursue strategic acquisitions that may have an adverse impact on its business.

 Executing
the Company's business strategy may involve pursuing and consummating strategic transactions to acquire complementary
businesses or technologies. In pursuing these strategic transactions, even if the Company does not consummate them, or in
consummating such transactions and integrating the acquired business or technology, the Company may expend significant financial and
management resources and incur other significant costs and expenses. There is no assurance that any strategic transactions will
result in additional revenues or other strategic benefits for the Company's business. The Company may issue shares of the
Company's stock as consideration for acquisitions, joint ventures or other strategic transactions, and the use of stock as
purchase consideration could dilute the interests of its current stockholders. In addition, the Company may obtain debt financing in
connection with an acquisition. Any such debt financing may involve restrictive covenants relating to capital-raising activities and
other financial and operational matters, which may make it more difficult for the Company to obtain additional capital and pursue
business opportunities, including potential acquisitions. In addition, such debt financing may impair the Company's ability to
obtain future additional financing for working capital, capital expenditures, acquisitions, general corporate or other purposes, and
a substantial portion of cash flows, if any, from the Company's operations may be dedicated to interest payments and debt
repayment, thereby reducing the funds available to the Company for other purposes.

 The
Company will need to hire additional qualified accounting personnel in order to remediate a material weakness in its internal control
over financial accounting, and the Company will need to expend any additional resources and efforts that may be necessary to establish
and to maintain the effectiveness of its internal control over financial reporting and its disclosure controls and procedures.

 As
a public company, the Company is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, and the Sarbanes-Oxley
Act of 2002. The Company's management is required to evaluate and disclose its assessment of the effectiveness of the Company's
internal control over financial reporting as of each year-end, including disclosing any "material weakness" in the Company's
internal control over financial reporting. A material weakness is a control deficiency, or combination of control deficiencies, that
results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented
or detected. As a result of its assessment, management has determined that there is a material weakness due to the lack of segregation
of duties and, due to this material weakness, management concluded that, as of December 31, 2023 and 2022, the Company's internal
control over financial reporting was ineffective. This material weakness has the potential of adversely impacting the Company's
financial reporting process and the Company's financial reports. Because of this material weakness, management also concluded that
the Company's disclosure controls and procedures were ineffective as of December 31, 2023 and 2022. The Company needs to hire additional
qualified accounting personnel in order to resolve this material weakness. The Company also will need to expend any additional resources
and efforts that may be necessary to establish and to maintain the effectiveness of the Company's internal control over financial
reporting and disclosure controls and procedures.

 The
Company's patented or other technologies may infringe on other patents, which may expose us to costly litigation.

 It
is possible that the Company's patented or other technologies may infringe on patents or other rights owned by others. The Company
may have to alter its products or processes, pay licensing fees, defend infringement actions or challenge the validity of the patents
in court, or cease activities altogether because of patent rights of third parties, thereby causing additional unexpected costs and delays
to the Company. Patent litigation is costly and time consuming, and the Company may not have sufficient resources to pursue such litigation.
If the Company does not obtain a license under such patents, if it is found liable for infringement, or if it is not able to have such
patents declared invalid, the Company may be liable for significant money damages, may encounter significant delays in bringing products
to market or may be precluded from participating in the manufacture, use or sale of products or methods of treatment requiring such licenses.

 Protecting
the Company's intellectual property is critical to its innovation efforts.

 The
Company owns or has a license to use several U.S. and foreign patents and patent applications, trademarks and copyrights. The Company's
intellectual property rights may be challenged, invalidated or infringed upon by third parties, or it may be unable to maintain, renew
or enter into new licenses of third party proprietary intellectual property on commercially reasonable terms. In some non-U.S. countries,
laws affecting intellectual property are uncertain in their application, which can adversely affect the scope or enforceability of the
Company's patents and other intellectual property rights. Any of these events or factors could diminish or cause the Company to
lose the competitive advantages associated with the Company's intellectual property, subject the Company to judgments, penalties
and significant litigation costs, or temporarily or permanently disrupt its sales and marketing of the affected products or services.

 The
Company may not be able to protect its trade secrets and other unpatented proprietary technology, which could give competitors an advantage.

 The
Company relies upon trade secrets and other unpatented proprietary technology. The Company may not be able to adequately protect its
rights with regard to such unpatented proprietary technology, or competitors may independently develop substantially equivalent technology.
The Company seeks to protect trade secrets and proprietary knowledge, in part through confidentiality agreements with its employees,
consultants, advisors and collaborators. Nevertheless, these agreements may not effectively prevent disclosure of the Company's
confidential information and may not provide the Company with an adequate remedy in the event of unauthorized disclosure of such information,
and as result the Company's competitors could gain a competitive advantage.

 The
Company is subject to extensive government regulation in jurisdictions around the world in which it does business. Regulations address,
among other things, environmental compliance, import/export restrictions, healthcare services, taxes and financial reporting, and those
regulations can significantly increase the cost of doing business, which in turn can negatively impact operations, financial results
and cash flow.

 If
the Company is successful in developing manufacturing capability, the Company will be subject to extensive government regulation and
intervention both in the U.S. and in all foreign jurisdictions in which it conducts business. Compliance with applicable laws and regulations
will result in higher capital expenditures and operating costs, and changes to current regulations with which the Company complies can
necessitate further capital expenditures and increases in operating costs to enable continued compliance. Additionally, from time to
time, the Company may be involved in proceedings under certain of these laws and regulations. Foreign operations are subject to political
instabilities, restrictions on funds transfers, import/export restrictions, and currency fluctuation.

 RISKS
RELATED TO THE COMPANY'S COMMON STOCK

 The
Company's common stock is currently quoted on the OTCQB Marketplace. Failure to develop or maintain a more active trading market
may negatively affect the value of the Company's common stock, may deter some potential investors from purchasing the Company's
common stock or other equity securities, and may make it difficult or impossible for stockholders to sell their shares of common stock.

 The
Company's average daily volume of shares traded for the years ended December 31, 2023 and 2022 was 512,332 and 496,720, respectively.
Failure to develop or maintain an active trading market may negatively affect the value of the Company's common stock, may make
some potential investors unwilling to purchase the Company's common stock or equity securities that are convertible into or exercisable
for the Company's common stock, and may make it difficult or impossible for the Company's stockholders to sell their shares
of common stock and recover any part of their investment.

 The
Company's outstanding securities, the stock or other securities that it may become obligated to issue under existing agreements,
and certain provisions of those securities, may cause immediate and substantial dilution to existing stockholders and may make it more
difficult to raise additional equity capital.

 The
Company had 389,894,033 shares of common stock outstanding on March 1, 2024. The Company also had outstanding on that date dilutive securities
consisting of preferred stock, restricted stock units, options, and warrants (collectively, " Common Stock Equivalents ")
that if they had been exercised and converted in full on March 1, 2024, would have resulted in the issuance of up to 56,746,379 additional
shares of common stock. The issuance of shares upon the exercise of the Common Stock Equivalents may result in substantial dilution to
each stockholder by reducing that stockholder's percentage ownership of the Company's total outstanding shares of common
stock. The issuance of some or all those warrants and any exercise of those warrants will have the effect of further diluting the percentage
ownership of the Company's other stockholders.

 Future
sales of the Company's securities, including sales following exercise or conversion of derivative securities, or the perception
that such sales may occur, may depress the price of common stock and could encourage short sales.

 The
sale or availability for sale of substantial amounts of the Company's shares in the public market, including shares issuable upon
exercise of the Common Stock Equivalents, or the perception that such sales may occur, may adversely affect the market price of the Company's
common stock. Any decline in the price of the Company's common stock may encourage short sales, which could place further downward
pressure on the price of the Company's common stock.

 The
Company's stock price is likely to be volatile.

 For
the year ended December 31, 2023, the reported low closing price for the Company's common stock was $0.0412 per share, and the
reported high closing price was $0.1195 per share. For the year ended December 31, 2022, the reported low closing price for the Company's
common stock was $0.04 per share, and the reported high closing price was $0.1264 per share. There is generally significant volatility
in the market prices, as well as limited liquidity, of securities of early-stage companies, particularly early stage medical product
companies. Contributing to this volatility are various events that can affect the Company's stock price in a positive or negative
manner. These events include, but are not limited to: governmental approvals, refusals to approve, regulations or other actions; market
acceptance and sales growth of the Company's products; litigation involving the Company or the Company's industry; developments
or disputes concerning the Company's patents or other proprietary rights; changes in the structure of healthcare payment systems;
departure of key personnel; future sales of its securities; fluctuations in its financial results or those of companies that are perceived
to be similar to us; investors' general perception of us; and general economic, industry and market conditions. If any of these
events occur, it could cause the Company's stock price to fall, and any of these events may cause the Company's stock price
to be volatile.

 The
Company's common stock is subject to the "Penny Stock" rules of the SEC and the trading market in its securities is
limited, which makes transactions in its common stock cumbersome and may reduce the value of an investment in the Company's stock.

 The
SEC has adopted Rule 3a51-1, which establishes the definition of a "penny stock," for the purposes relevant to us, as any
equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject
to certain exceptions. For any transaction involving a penny stock, unless exempt, Rule 15g-9 requires that a broker or dealer approve
a person's account for transactions in penny stocks and that the broker or dealer receive from the investor a written agreement
to the transaction, setting forth the identity and quantity of the penny stock to be purchased.

 In
order to approve a person's account for transactions in penny stocks, the broker or dealer must obtain financial information and
investment experience and objectives of the person and must make a reasonable determination that the transactions in penny stocks are
suitable for that person and that the person has sufficient knowledge and experience in financial matters to be capable of evaluating
the risks of transactions in penny stocks.

 The
broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the SEC relating to
the penny stock market, which sets forth the basis on which the broker or dealer made the suitability determination, and that the broker
or dealer received a signed, written agreement from the investor prior to the transaction.

 Generally,
brokers may be less willing to execute transactions in securities subject to the "penny stock" rules. This may make it more
difficult for investors to dispose of the Company's common stock and may cause a decline in the market value of its stock.

 Disclosure
also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions
payable to both the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies
available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent
price information for the penny stock held in the account and information on the limited market in penny stocks.

 As
a result of the Company issuing preferred stock, the rights of holders of the Company's common stock and the value of the Company's
common stock may be adversely affected.

 The
Company's Board of Directors is authorized to issue classes or series of preferred stock, without any action on the part of the
stockholders. The Company's Board of Directors also has the power, without stockholder approval, to set the terms of any such classes
or series of preferred stock, including voting rights, dividend rights and preferences over the common stock with respect to dividends
or upon the liquidation, dissolution or winding-up of its business, and other terms. The Company has issued preferred stock that has
a preference over the common stock with respect to the payment of dividends or upon liquidation, dissolution or winding-up, and with
respect to voting rights. In accordance with that and with the issuance of preferred stock, our common stockholders voting rights have
been diluted and it is possible that the rights of holders of the common stock or the value of the common stock have been adversely affected.

 The
Company does not expect to pay any dividends on common stock for the foreseeable future.

 The
Company has not paid any cash dividends on its common stock to date and does not anticipate it will pay cash dividends on its common
stock in the foreseeable future. Accordingly, stockholders must be prepared to rely on sales of their common stock after price appreciation
to earn an investment return, which may never occur. Any determination to pay dividends in the future will be made at the discretion
of the Company's board of directors and will depend on the Company's results of operations, financial conditions, contractual
restrictions, restrictions imposed by applicable law, and other factors that the Company's board deems relevant.

 GENERAL
RISK FACTORS

 Volatility
in raw material and energy costs, interruption in ordinary sources of supply, and an inability to recover from unanticipated increases
in energy and raw material costs could result in lost sales or could increase significantly the cost of doing business.

 Market
and economic conditions affecting the costs of raw materials, utilities, energy costs, and infrastructure required to provide for the
delivery of the Company's products and services are beyond the Company's control. Any disruption or halt in supplies, or
rapid escalations in costs, could adversely affect the Company's ability to manufacture products or to competitively price the
Company's products in the marketplace. To date, the ultimate impact of energy costs increases has been mitigated through price
increases or offset through improved process efficiencies; however, continuing escalation of energy costs could have a negative impact
upon the Company's business and financial performance.

 General
economic conditions in markets in which the Company does business can impact the demand for the Company's goods and services. Decreased
demand for the Company's products and services could have a negative impact on its financial performance and cash flow.

 Demand
for the Company's products and services, in part, depends on the general economic conditions affecting the countries and industries
in which the Company does business. A downturn in economic conditions in a country or industry that the Company serves may adversely
affect the demand for the Company's products and services, in turn negatively impacting the Company's operations and financial
results. Further, changes in demand for the Company's products and services can magnify the impact of economic cycles on the Company's
businesses. Unanticipated contract terminations by customers can negatively impact operations, financial results and cash flow. The Company's
earnings, cash flow and financial position are exposed to financial market risks worldwide, including interest rate and currency exchange
rate fluctuations and exchange rate controls. Fluctuations in domestic and world financial markets could adversely affect interest rates
and impact the Company's ability to obtain credit or attract investors.

 ITEM
1B. UNRESOLVED STAFF COMMENTS.

 This
item is not applicable to the Company because the Company is a smaller reporting company as defined by Rule 12b-2 under the Securities
Exchange Act of 1934.

 ITEM
1C. CYBERSECURITY

 Risk
Management and Strategy

 Our
cybersecurity policies, standards, processes and practices are based on applicable laws and regulations and informed by industry standards
and industry-recognized practices. Our strategy to assess, identify, and manage material cybersecurity risks is through a comprehensive,
cross-functional approach that is focused on preserving the confidentiality, security, and availability of our information systems and
data. We implement security measures and processes to identify, prevent, and mitigate cybersecurity threats and to effectively respond
to cybersecurity incidents when they occur. Our cyber risk management includes: (1) enterprise risk management to identify top cybersecurity
risks; (2) vulnerability management to identify software vulnerabilities and risks related to compute infrastructure; (3) vendor risk
management to identify risks related to third parties and business partners, which includes pre-engagement review, use of contractual
security provisions, and continued monitoring, as applicable; (4) privacy risk management to identify privacy risks in our product and
platforms and ensure regulatory compliance; (5) security monitoring to analyze and assess threat activity in real time; and (6) security
incident response to investigate, respond to, and mitigate cyber threats. We regularly engage third parties to identify risks in our
underlying software and infrastructure, to provide threat intelligence, and to assist in triaging, identifying, and responding to cyber
threats.

 In
2023, we did not identify any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business
strategy, results of operations, or financial condition. However, despite our efforts, we cannot eliminate all risks from cybersecurity
threats, or provide assurances that we have not experienced undetected cybersecurity incidents.

 Governance

 Our
Board of Directors maintains oversight of risks from cybersecurity threats by meeting with and receiving periodic updates from our Chief
Executive Officer, who is assigned oversight of cybersecurity risks. Our Chief Executive Officer is responsible for ensuring that management
has processes in place designed to identify and evaluate cybersecurity risks to which the Company is exposed and to implement processes
and programs to manage cybersecurity risks and mitigate cybersecurity incidents.

 ITEM
2. PROPERTIES.

 The
Company is headquartered in Richland, Washington. Our Chief Executive Officer currently works from his home office in virtual communication
with key personnel. Cadwell Laboratories, which is controlled by Carl Cadwell, a director of the Company, provides office space to management
on an as-needed basis until such time as the Company leases permanent office space. Management believes that the Company's sites
are adequate to support the business and suitable for present purposes, and the properties and equipment have been well maintained.

 ITEM
3. LEGAL PROCEEDINGS.

 The
Company may, from time to time, be involved in various legal proceedings incidental to the conduct of our business. Historically, the
outcome of all such legal proceedings has not, in the aggregate, had a material adverse effect on our business, financial condition,
results of operations or liquidity. There are no material pending or threatened legal proceedings at this time.

 ITEM
4. MINE SAFETY DISCLOSURES.

 Not
applicable.

 PART
II

 ITEM
5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

 Market
Information

 The
Company's common stock is traded on the OTCQB Marketplace under the symbol "RDGL." The following table sets forth,
in U.S. dollars, the high and low closing prices for each of the calendar quarters indicated, as reported by the OTCQB Marketplace, for
the past two fiscal years. Such OTCQB Marketplace quotations reflect inter-dealer prices, without markup, markdown or commissions and,
particularly because our common stock is traded infrequently, may not necessarily represent actual transactions or a liquid trading market.

 High

 Low

 2023

 ended December 31

 $
 0.085

 $
 0.0412

 ended September 30

 $
 0.08

 $
 0.0481

 ended June 30

 $
 0.1195

 $
 0.0491

 ended March 31

 $
 0.0738

 $
 0.0431

 2022

 ended December 31

 $
 0.0695

 $
 0.04

 ended September 30

 $
 0.0809

 $
 0.0461

 ended June 30

 $
 0.1264

 $
 0.0555

 ended March 31

 $
 0.0855

 $
 0.0405

 Holders

 As
of March 18, 2024, we had 389,894,033 shares of common stock, par value $0.001 per share,
issued and outstanding, which were held by approximately 223 shareholders of record. Our
transfer agent is Pacific Stock Transfer, 6725 Via Austi Pkwy, Suite 300, Las Vegas, NV 89119.

 Securities
Authorized for Issuance Under Equity Compensation Plans

 The
following table sets forth information as of December 31, 2023 with respect to the Company's equity compensation plans previously
approved by stockholders and equity compensation plans not previously approved by stockholders.

 Equity
 Compensation Plan Information

 Plan
 Category

 of securities to be issued upon exercise of outstanding options, warrants and rights

 Weighted-average
 exercise price of outstanding options, warrants and rights

 of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))

 (a)

 (b)

 (c)

 Equity
 compensation plans approved by stockholders

 25,777,500

 $
 0.09

 32,836,047

 Equity
 compensation plans not approved by stockholders

 34,115,309

 $
 0.07

 -

 Total

 34,115,309
 (1)

 $
 0.07
 (1)

 -

 (1)

 In
 addition to the 2015 Plan (defined below), the Company has individual compensation arrangements under which equity securities are
 authorized for issuance in exchange for consideration in the form of goods or services of certain individuals.

 2015
Omnibus Securities and Incentive Plan

 In October 2015, our Board of Directors and stockholders approved the
adoption of the 2015 Omnibus Securities and Incentive Plan (the " 2015 Plan "). The 2015 Plan authorizes a pre-determined
number of shares of common stock for issuance to all employees of the Company or any subsidiary of the Company, any non-employee director,
consultants and independent contractors of the Company or any subsidiary, and any joint venture partners (including, without limitation,
officers, directors and partners thereof) of the Company or any subsidiary. The aggregate number of shares that may be issued under the
Plan shall not exceed twenty percent (20%) of the issued and outstanding shares of common stock on an as converted primary basis on a
rolling basis. For calculation purposes, the As Converted Primary Shares (as defined in the 2015 Plan) shall include all shares of common
stock and all shares of common stock issuable upon the conversion of outstanding preferred stock and other convertible securities, but
shall not include any shares of common stock issuable upon the exercise of options, warrants and other convertible securities issued pursuant
to the 2015 Plan. As of December 31, 2023, the Converted Primary Shares calculation results in 32,836,047 aggregate shares that may be
issued under the 2015 Plan. The 2015 Plan is administered by the Company's Compensation Committee, who may issue awards in the form
of stock options and/or restricted stock awards. Effective December 31, 2023, an aggregate total of 44,462,500 restricted stock units
(" RSUs ") under the 2015 Plan were authorized, but as of March 1, 2024, an aggregate total of 24,985,000 RSUs had been
issued.

 Recent
Sales of Unregistered Securities

 Below
is a description of all unregistered securities issued by the Company during and subsequent to the quarter ended December 31, 2023, through
the date of this report. Each of the issuances identified below were issued in transactions exempt from registration under the Securities
Act of 1933, as amended, in reliance on Section 3(a)(9) and/or 4(2) thereof.

 Issuances
During the Quarter Ended December 31, 2023

 During the quarter ended December 31, 2023, the Company: (1) completed
the sale of 8,132,000 shares of common stock pursuant to its Regulation A+ offering, conducted under the Company's offering statement
on Form 1-A, originally filed with the SEC on September 1, 2021 (File No. 024-11627) (the " Offering Statement "), qualified
by the SEC on September 15, 2021, as amended and qualified by the SEC on October 17, 2022, and December 6, 2023 (the " Regulation
A+ Offering "); (2) 500,000 shares of common stock issued to settle accounts payable; (3) 4,720,505 shares of common stock issued
in cashless exchanges of warrants; and (5) 4,000,000 shares of common stock in vested restricted stock units.

 Issuances
Subsequent to December 31, 2023

 Through March 18, 2024, there have been 2,000,000 shares of common stock
issued for cash pursuant to the Regulation A+ Offering.

 ITEM
6. [RESERVED]

 ITEM
7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

 The
following discussion and analysis is intended as a review of significant factors affecting the Company's financial condition and
results of operations for the periods indicated. The discussion should be read in conjunction with the Company's financial statements
and the notes presented herein. In addition to historical information, the following Management's Discussion and Analysis of Financial
Condition and Results of Operations contains forward-looking statements that involve risks and uncertainties. The Company's actual
results could differ significantly from those anticipated in these forward-looking statements as a result of the risk factors set forth
above in Item 1A and other factors discussed in this Annual Report.

 Results
of Operations

 Comparison
for the Year Ended December 31, 2023 and December 31, 2022

 The
following table sets forth information from our statements of operations for the years ended December 31, 2023 and 2022:

 Year
 Ended

 31, 2023

 Year
 Ended

 31, 2022

 Revenues

 $
 19,500

 $
 36,499

 Cost
 of goods sold

 (25,536
)

 (28,779
)

 Gross
 (loss) profit

 (6,036
)

 7,720

 Operating
 expense

 (2,787,110
)

 (2,525,469
)

 Operating
 loss

 (2,793,146
)

 (2,517,749
)

 Non-operating
 income (expense)

 (101,607
)

 Net
 loss

 $
 (2,894,753
)

 $
 (2,470,161
)

 Revenues
and Cost of Goods Sold

 Revenue
was $19,500 and $36,499 for the years ended December 31, 2023 and 2022, respectively. All revenue recognized in the years ended December
31, 2023 and 2022 relate to the procedures performed with respect to the IsoPet therapies.

 Management
does not anticipate that the Company will generate sufficient revenue to sustain operations until such time as the Company secures multiple
revenue-generating arrangements with respect to RadioGel and/or any of our other brachytherapy technologies.

 Operating
Expense

 Operating expense for the years ended December 31, 2023 and 2022, respectively,
consisted of the following:

 Year
 Ended

 31, 2023

 Year
 Ended

 31, 2022

 Professional
 fees, including stock-based compensation

 $
 1,606,923

 $
 1,755,316

 Payroll
 expense

 281,716

 275,240

 Research
 and development expense

 732,698

 343,802

 General
 and administrative expense

 165,773

 151,111

 Total
 operating expense

 $
 2,787,110

 $
 2,525,469

 Operating expense for the years ended December 31, 2023 and 2022 was
$2,787,110 and $2,525,469, respectively. The increase in operating expense from 2022 to 2023 can be attributed to the decrease in professional
fees ($1,606,923 for the year ended December 31, 2023 compared to $1,755,316 for the year ended December 31, 2022) as the Company utilized
more services due to amending the offering statement on Form 1-A (File No. 024-11627) (the " Offering Statement ") for
the Company's offering being made pursuant to Regulation A+ (the " Regulation A+ Offering "), and the fees incurred
for the consultants engaged in 2022, including: stock-based compensation; the increase in general and administrative expense ($165,773
for the year ended December 31, 2023 compared to $151,111 for the year ended December 31, 2022); the increase in research and development
expense ($732,698 for the year ended December 31, 2023 compared to $343.802 for the year ended December 31, 2022) as the Company ramped
up the development of their products with the recent raising of capital; and, an increase in payroll expense ($281,716 for the year ended
December 31, 2023 compared to $275,240 for the year ended December 31, 2022) related to our Chief Executive Officer's employment
contract taking effect.

 Non-Operating
Income

 Non-operating
income for the years ended December 31, 2023 and 2022, respectively, consisted of the following:

 Years
 Ended

 Years
 Ended

 Interest
 income

 $
 49,577

 $
 -

 Loss
 on issuance of shares

 (151,184
)

 -

 Forgiveness
 of debt

 -

 Non-operating
 income

 $
 (101,607
)

 $

 Non-operating
income (expense) for the year ended December 31, 2023 varied from the year ended December 31, 2022 due to the forgiveness of debt on
old payables as we satisfied agreements with vendors to pay a portion of the payable with the remaining amount forgiven in 2022. In
2023, we recognized a loss on issuance of shares of $151,184 and interest earned on our bank accounts of $49,577.

 Net
Loss

 Our
net loss for the years ended December 31, 2023 and 2022 was $(2,894,753) and $(2,470,161), respectively.

 Liquidity
and Capital Resources

 At December 31, 2023, the Company had working capital of $1,365,120,
compared to working capital of $1,661,044 at December 31, 2022. During the year ended December 31, 2023, the Company experienced negative
cash flows from operations of $1,293,023 and realized $1,179,245 of cash flows from financing activities. As of December 31, 2023, the
Company did not have any commitments for capital expenditures.

 Cash
used in operating activities increased from $1,120,958 for the year ended December 31, 2022, to $1,293,023 for the year ended December
31, 2023. Cash used in operating activities was primarily a result of the Company's non-cash items, such as loss from operations,
loss on conversion of debt and share based compensation offset by forgiveness of debt. Cash provided from financing activities decreased
from $1,220,000 for the year ended December 31, 2022 to $1,179,245 for the year ended December 31, 2023. In 2023, the Company raised
$1,179,245 from sales of common stock. In 2022, the Company raise $1,220,000 from sales of common stock and warrants.

 The
Company has generated material operating losses since inception. The Company had a net loss of $2,894,753 for the year ended December
31, 2023, and a net loss of $2,470,161 for the year ended December 31, 2022. The Company expects to continue to experience net operating
losses for the foreseeable future. Historically, the Company has relied upon investor funds to maintain its operations and develop the
Company's business. The Company anticipates raising additional capital within the next twelve months for working capital as well
as business expansion, although the Company can provide no assurance that additional capital will be available on terms acceptable to
the Company, if at all. If the Company is unable to obtain additional financing to meet its working capital requirements, it may have
to curtail its business or cease all operations.

 The Company requires funding of at least $5 million per year to maintain
current operating activities. Over the next 24 months, the Company believes it will cost approximately $9 million to: (1) fund the FDA
approval process to conduct human clinical trials; (2) conduct Phase I, pilot, and clinical trials; (3) activate several regional clinics
to administer IsoPet across the county; (4) create an independent production center within the current production site
to create a template for future international manufacturing; and (5) initiate regulatory approval processes outside of the United States.

 The
principal variables in the timing and amount of spending for the brachytherapy products in the next 12 to 24 months will be the FDA's
classification of the Company's brachytherapy products as Class II or Class III devices (or otherwise) and any requirements for
additional studies, which may possibly include clinical studies. Thereafter, the principal variables in the amount of the Company's
spending and its financing requirements would be the timing of any approvals and the nature of the Company's arrangements with
third parties for manufacturing, sales, distribution and licensing of those products and the products' success in the U.S. and
elsewhere. The Company intends to fund its activities through strategic transactions such as licensing and partnership agreements or
additional capital raises.

 Although
the Company is seeking to raise additional capital and has engaged in numerous discussions with investment bankers and investors, to
date, the Company has not received firm commitments for the required funding. Based upon its discussions, the Company anticipates that
if the Company is able to obtain the funding required to retire outstanding debt, pay past due payables and maintain its current operating
activities, that the terms associated with such funding will result in material dilution to existing shareholders.

 Recent
geopolitical events, including the inherent instability and volatility in global capital markets, as well as the lack of liquidity in
the capital markets, could impact the Company's ability to obtain financing and its ability to execute its business plan.

 Our
Chief Executive Officer currently works from his home office in virtual communication with key personnel. Cadwell Laboratories, which
is controlled by Carl Cadwell, a director of the Company, provides office space to management on an as-needed basis until such time as
the Company leases permanent office space.

 Off-Balance
Sheet Arrangements

 The
Company does not have any off-balance sheet arrangements that are reasonably likely to have a current or future effect on the Company's
financial condition, revenues, results of operations, liquidity or capital expenditures.

 Accounting
Policies

 Use
of Estimates

 The
preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at
the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates the Company
considers include criteria for stock-based compensation expense, and valuation allowances on deferred tax assets. Actual results could
differ from those estimates.

 Revenue
Recognition

 In
May 2014, the Financial Accounting Standards Board (" FASB ") issued Accounting Standard Update (" ASU ")
No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single set of guidelines for revenue recognition
to be used across all industries and requires additional disclosures. The updated guidance introduces a five-step model to achieve its
core principal of the entity recognizing revenue to depict the transfer of goods or services to customers at an amount that reflects
the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted the updated
guidance effective January 1, 2018 using the full retrospective method.

 Under the FASB's Accounting Standards Codification (" ASC ")
Topic 606, in order to recognize revenue, the Company is required to identify an approved contract with commitments to preform respective
obligations, identify rights of each party in the transaction regarding goods to be transferred, identify the payment terms for the goods
transferred, verify that the contract has commercial substance and verify that collection of substantially all consideration is probable.

 The
Company recognized revenue as they (i) identified the contracts with each customer; (ii) identified the performance obligation in each
contract; (iii) determined the transaction price in each contract; (iv) were able to allocate the transaction price to the performance
obligations in the contract; and (v) recognized revenue upon the satisfaction of the performance obligation. Upon the sales of the product
to complete the procedures on the animals, the Company recognized revenue as that was considered the performance obligation.

 Fair
Value of Financial Instruments

 The
Company adopted ASC Topic 820 ("Fair Value Measurements") as of January 1, 2008 for financial instruments measured
as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance
with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.

 Fair
value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs
used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets
or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include:

 -

 Level
 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

 -

 Level
 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted
 prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active;
 and

 -

 Level
 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions,
 such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

 Stock-Based
Compensation

 The Company recognizes compensation costs under FASB ASC Topic 718,
Compensation – Stock Compensation, and ASU No. 2018-07 – Compensation – Stock Compensation (Topic 718): Improvements
to Nonemployee Share-Based Payment Accounting. Companies are required to measure the compensation costs of share-based compensation arrangements
based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required
to provide services. Share based compensation arrangements include stock options, restricted share plans, performance-based awards, share
appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value.
Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant.

 ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 This
item is not applicable to the Company because the Company is a smaller reporting company as defined by Rule 12b-2 under the Securities
Exchange Act of 1934.

 ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

 All
financial information required by this Item is included on the pages immediately following the Index to Financial Statements appearing
on page F-1 and is hereby incorporated by reference.

 ITEM
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

 None

 ITEM
9A. CONTROLS AND PROCEDURES.

 Disclosure
Controls and Procedures

 Based on an evaluation as of the date of the end of the period covered
by this report, the Company's Chief Executive Officer and Interim Chief Financial Officer conducted an evaluation of the effectiveness
of the design and operation of the Company's disclosure controls and procedures, as required by Rule 13a-15 of the Securities Exchange
Act of 1934, as amended (the " Exchange Act "). Based on that evaluation, the Company's Chief Executive Officer
and Interim Chief Financial Officer concluded that, because of the disclosed material weaknesses in the Company's internal control
over financial reporting, the Company's disclosure controls and procedures were ineffective as of the end of the period covered
by this report to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under
the Exchange Act is recorded, processed, summarized and reported within the time periods specified by the SEC's rules and forms.

 Disclosure
controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in the
Company's reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods
specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures
designed to ensure that information required to be disclosed in the Company's reports filed under the Exchange Act is accumulated
and communicated to management, including the Company's Chief Executive Officer and the Company's Interim Chief Financial
Officer, to allow timely decisions regarding required disclosure.

 Management's
Annual Report on Internal Control Over Financial Reporting

 Management
is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Exchange Act Rule 13a-15(f).
Management conducted an evaluation of the effectiveness of the internal control over financial reporting as of December 31, 2023, using
the criteria established in Internal Control – Integrated Framework (2013 framework) issued by the Committee of Sponsoring
Organizations of the Treadway Commission (" COSO "). Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject
to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies
or procedures may deteriorate.

 A
material weakness is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that
a material misstatement of the annual or interim financial statements will not be prevented or detected. As a result of management's
assessment, management has determined that there are material weaknesses due to the lack of segregation of duties and, due to the limited
resources based on the size of the Company. Due to the material weaknesses management concluded that as of December 31, 2023, the Company's
internal control over financial reporting was ineffective. In order to address and resolve the weaknesses, the Company will endeavor
to locate and appoint additional qualified personnel to the board of directors and pertinent officer positions as the Company's
financial means allow. To date, the Company's limited financial resources have not allowed the Company to hire the additional personnel
necessary to address the material weaknesses.

 Management's
Annual Report on Internal Control Over Financial Reporting

 This
annual report does not include an attestation report of the Company's registered public accounting firm regarding internal control
over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting
firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management's
report in this Annual Report.

 Changes
in Internal Control Over Financial Reporting

 There
have been no changes in the Company's internal control over financial reporting that occurred during the Company's last fiscal
quarter (the Company's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely
to materially affect, the Company's internal control over financial reporting.

 The
term "internal control over financial reporting" is defined as a process designed by, or under the supervision of, the registrant's
principal executive and principal financial officers, or persons performing similar functions, and effected by the registrant's
board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes
those policies and procedures that:

 (a)

 Pertain
 to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets
 of the registrant;

 (b)

 Provide
 reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
 generally accepted accounting principles, and that receipts and expenditures of the registrant are being made only in accordance
 with authorizations of management and directors of the registrant; and

 (c)

 Provide
 reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the registrant's
 assets that could have a material effect on the financial statements.

 ITEM
9B. OTHER INFORMATION.

the quarter ended December 31, 2023, none of our directors or executive officers adopted or terminated a Rule 10b5-1 trading plan or a
non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K)..

 Item 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT
INSPECTIONS

 Not applicable.

 PART
III

 ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

 The
Company's current directors and executive officers are as follows:

 NAME

 AGE

 POSITION

 K. Korenko

 President,
 Chief Executive Officer, and Director

 Pollack

 Interim
 Chief Financial Officer

 M. Cadwell

 Chairman
 of the Board and Secretary

 Term
of Office

 All
the Company's directors hold office until the next annual meeting of the stockholders or until their successors is elected and
qualified. The Company's executive officers are appointed by the Company's board of directors and hold office until their
resignation, removal, death or retirement.

 Background
and Business Experience

 The
business experience during the past five years of each of the Company's directors and executive officers is as follows:

 Dr.
Michael K. Korenko, President and Chief Executive Officer of the Company since December 2016, and a member of the Board of Directors
since August 2017, joined the Company as an Advisor to the Board of the Company during 2009 and served as member of the Board from May
2009 to March 2010. Dr. Korenko has also served on the Hanford Advisory Board since 2009. Dr. Korenko served as Business Development
Manager for Curtiss-Wright from 2006 to 2009, as Chief Operating Officer for Curtiss-Wright from 2000 to 2005 and was Executive Vice
President of Closure for Safe Sites of Colorado at Rocky Flats from 1994 to 2000. Dr. Korenko served as Vice President of Westinghouse
from 1987 to 1994 and was responsible for the 300 and 400 areas, including the Fast Flux Testing Facility (" FFTF ") and all
engineering, safety analysis, and projects for the Hanford site.

 Dr.
Korenko is the author of 28 patents and has received many awards, including the National Energy Resources Organization Research and Development
Award, the U.S. Steelworkers Award for Excellence in Promoting Safety, and the Westinghouse Total Quality Award for Performance Manager
of the Year. Dr. Korenko has a Doctor of Science from MIT, was a NATO Postdoctoral Fellow at Oxford University, and was selected as a
White House Fellow for the Department of Defense, reporting to Secretary Cap Weinberger.

 Dr.
Korenko brings to the Board over seven years' experience working with and advising various small businesses, including companies
involved in turnarounds. Dr. Korenko has also been involved as an advisor to the Company since 2009 in the development of medical isotopes.

 Dr.
Korenko was selected as President and CEO of Advanced Medical Isotopes (Vivos Inc) on December 14, 2016. Since then, has been credited
with turning around the financial health and reputation of the Company, completing the product development, obtaining the device classification
for animal therapy, and for setting the stage to obtaining IDE approval for human therapy.

M. Cadwell, Chairman of the Board and Secretary since December 2016, joined the Company as a director in 2006. Dr. Cadwell
brings over 30 years of experience in business management, strategic planning, and implementation. He co-founded Cadwell Laboratories,
Inc. in 1979 and has served as its President since its inception. Cadwell Laboratories, Inc. is a major international provider of neurodiagnostic
medical devices. After receiving his bachelor's degree from the University of Oregon in 1966 and a doctoral degree from the University
of Washington in 1970, he began his career serving in the United States Army as a dentist for three years. From 1973 to 1980, Dr. Cadwell
practiced dentistry in private practice and since has started several businesses.

 Mr.
Cadwell brings to the Board over ten years of service on the Board and over forty-five years of experience as a successful entrepreneur,
as well as medical expertise.

Pollack CPA, the Interim Chief Financial Officer, joined the Company as interim Chief Financial Officer in December 2018. Mr.
Pollack has been a partner in a certified public accounting firm for the past fifteen years and specializes in accounting and auditing
for small public companies. Mr. Pollack has approximately 30 years of experience in public accounting and consulting to over 100 publicly
traded and 250 private companies. Mr. Pollack has also held CFO and Controller positions in an array of industries. Mr. Pollack graduated
from the University of Maryland with a Bachelor of Arts in Economics. Mr. Pollack is a member of the American Institute of Certified
Public Accountants, as well as licensed to practice in New Jersey, and New York.

 Identification
of Significant Consultants

 David
J. Swanberg, M.S., P.E. Mr. Swanberg has over 30 years' experience in radiochemical processing, medical isotope production,
nuclear waste management, materials science, regulatory affairs, and project management. Mr. Swanberg has worked in diverse organizations
ranging from small start-up businesses to corporations with multi-billion-dollar annual revenues. From 2005 to 2008, he served as Executive
Vice President of Operations and as a member of the Board of Directors for IsoRay Medical Inc. from 2005 to 2008 managing day-to-day
operations, R&D, and New Product Development. Mr. Swanberg was a co-founder of IsoRay and led the initial Cs-131 brachytherapy seed
product development, FDA 510(k) submission/clearance, and NRC Sealed Source review and registration. Mr. Swanberg led the radiation dosimetry
evaluations to meet American Association of Physicists in Medicine guidelines and is a current member of the AAPM. Mr. Swanberg and participated
in several capital financing rounds totaling over $30.0 million. Mr. Swanberg also served as Assistant General Manager of IsoRay LLC
from 2000 to 2003, and in additionally in key management roles as IsoRay transitioned from IsoRay LLC to IsoRay Medical, Inc. Mr. Swanberg
holds a BA in Chemistry from Bethel University (MN) and an MS in Chemical Engineering from Montana State University. Mr. Swanberg has
numerous technical publications and holds several patents.

 Medical
and Veterinarian Advisory Boards

 Dr.
Barry D. Pressman MD, FACR - Chairman Medical Advisory Board. Dr. Pressman is Professor and Chairman of the S. Mark Taper Foundation
Imaging Centre and Department, and Chief of the Section of Neuroradiology and Head and Neck Radiology at Cedars-Sinai Medical Center,
located in Los Angeles, California.

 Dr.
Pressman is a past President of The American College of Radiology, the Western Neuroradiological Society, as well as past President of
the California Radiological Society. Currently he is a member of the American Society of Neuroradiology and the American Society of Pediatric
Neuroradiology.

 Dr.
Pressman earned his medical degree Cum Laude from Harvard Medical School after graduating Summa Cum Laude from Dartmouth College. After
a surgical internship at Harvard's Peter Bent Brigham Hospital in Boston, he completed a diagnostic radiology residency at Columbia-Presbyterian
Medical Center in New York and a Neuroradiology fellowship at George Washington University Hospital. During this period, he wrote many
original papers for Computer Tomography (CT).

 Dr.
Albert S. DeNittis MD, MS, FCPP - Medical Advisory Board. Dr. Albert S. DeNittis is currently is the Chief of Radiation Oncology
at Lankenau Medical Center and Clinical Professor at Lankenau Institute for Medical Research in Wynnewood, Pennsylvania, and the Director
of Radiation Oncology at Brodesseur Cancer Center in New Jersey. He is also the Principal Investigator and in charge of a grant awarded
by the NIH for its National Cancer Oncology Research Program (NCORP) at Main Line Health. Dr. DeNittis' practice experience includes
image-guided radiosurgery, stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image guided radiation
therapy (IGRT), high-dose rate (HDR) brachytherapy, cranial and extracranial stereotactic radiosurgery, respiratory gating, and Cyberknife.

 Dr.
DeNittis has served on numerous regional, national and government committees related to key issues in Dr. DeNittis earned a BA and a
MS at Rutgers University and a MD from the Robert Wood Johnson Medical School at the University of Medicine and Dentistry of New Jersey.
He completed postdoctoral training internships and residency at the Department of Radiation Oncology at the Hospital of the University
of Pennsylvania. Dr. DeNittis is board certified by the American Board of Radiology and Licensed in New Jersey and Pennsylvania.

 Dr.
Beau Toskich, MD, FCPP - Medical Advisory Board. Dr. Toskich is currently Mayo Clinic Senior Associate Consultant,
Vascular and Interventional Radiology, Mayo Clinic, Florida Campus, Board Certified Diagnostic Radiology, Vascular and Interventional
Radiology, and Nuclear Regulatory Commission Authorized User

 Dr.
Richard Weller, DVM, DACVIM (Internal Medicine; Oncology) DipMS - Veterinary Medicine Advisory Board Chairman. Prior to his retirement
in 2014, Dr. Weller was a Senior Program Manager in the Radiation Biology Group of the Biological Sciences Division at Pacific Northwest
National Laboratory (PNNL), where he was involved in the development of RadioGel. A 1973 graduate of Washington State University. Dr.
Weller has extensive experience in designing and executing clinical studies, treatment planning, mechanisms of carcinogenesis, radiation
biology, targeted delivery systems for chemotherapeutic and radio-therapeutic agents, bio-markers of disease, and comparative oncology;
as well as over 30 years of experience developing and using animal models, including the use of spontaneous tumors in companion animals,
for bio-medical applications.

 Dr.
Weller is board-certified by the American College of Veterinary Internal Medicine in Internal Medicine (1980) and Oncology (1987), Past
Chairperson of the Organizing Committee for the Specialty of Veterinary Medical Oncology, Past Chairperson of the Board of Regents of
the American College of Veterinary Internal Medicine, Past President of the Board of Regents of the American College of Veterinary Internal
Medicine, Past President of the Specialty of Oncology, and a Charter Member of the Veterinary Cancer Society which he served as Treasurer
for 16 years. He is an Honorary Professor of the Institute of Veterinary Medicine in Kyiv, Ukraine. Dr. Weller has lectured and trained
veterinarians worldwide and has authored or co-authored over 250 articles, technical reports, book chapters, and presentations in his
fields of expertise.

 Dr.
John Heindrick, DVM - Veterinary Medicine Advisory Board Member – Dr. Heindrick is a recently retired co-owner of
VCA Ventana Animal Hospital in Albuquerque NM. He brings practical experience in veterinary medicine and has accompanied us at our conference
booths.

 Section
16(a) Beneficial Ownership Reporting Compliance

 Section
16(a) of the Securities Exchange Act of 1934 requires the Company's executive officers, directors and persons who own more than
10% of the Company's common stock to file with the SEC initial reports of beneficial ownership on Form 3, changes in beneficial
ownership on Form 4, and an annual statement of beneficial ownership on Form 5. Such executive officers, directors and greater than 10%
stockholders are required by SEC rules to furnish the Company with copies of all such forms that they have filed.

 Based
solely on its review of such forms filed with the SEC and received by the Company and representations from certain reporting persons,
the Company believes that all reports required to be filed by each of each of its executive officers, directors and 10% stockholders
were filed during the year ended December 31, 2023 and that such reports were timely.

 Code
of Ethics

 The
Company's Board of Directors has not adopted a code of ethics that applies to the principal executive officer, principal financial
officer, principal accounting officer or controller, or persons performing similar functions, because of the Company's limited
number of executive officers and employees that would be covered by such a code and the Company's limited financial resources.
The Company anticipates that it will adopt a code of ethics after it increases the number of executive officers and employees and obtain
additional financial resources.

 Audit
Committee and Audit Committee Financial Expert

 As
of the date of this report, the Company has not established an audit committee, and therefore, the Company's full board of directors
performs the functions that customarily would be undertaken by an audit committee. The Company's Board of Directors during 2023
and 2022 was comprised of two directors, one of whom the Company had determined satisfied the general independence standards of the NASDAQ
listing requirements.

 The
Company's Board of Directors has determined that none of its current members qualifies as an "audit committee financial expert,"
as defined by the rules of the SEC. In the future, the Company intends to establish board committees and to appoint such persons to those
committees as are necessary to meet the corporate governance requirements imposed by a national securities exchange, although it is not
required to comply with such requirements until the Company elects to seek listing on a national securities exchange.

 Board
of Directors; Attendance at Meetings

 The Board held no meetings and acted by unanimous written consent two
times during the year ended December 31, 2023. In 2022, we conducted no meetings of the Board of Directors, and the Board of Directors
acted by unanimous written consent two times. We have no formal policy with respect to the attendance of Board members at annual meetings
of shareholders but encourage all incumbent directors and director nominees to attend each annual meeting of shareholders.

 ITEM
11. EXECUTIVE COMPENSATION.

 Summary
Compensation Table

 The
following table sets forth the compensation paid to the Company's Chief Executive Officer and those executive officers that
earned in excess of $100,000 during the year ended December 31, 2023 (collectively, the "Named Executive Officers "):

 Name
 and Principal Position (1)

 Year

 Salary
 ($)

 Bonus
 ($)

 Stock
 Awards ($)

 Option
 Awards
 ($) (2)

 Total
 ($)

 Dr.
 Michael K. Korenko

 2023

 $
 236,391

 $
 30,000

 $
 -

 $
 -

 $
 266,391

 CEO,
 President and Director

 2022

 $
 230,625

 $
 30,000

 $
 -

 $
 -

 $
 260,625

 (1)

 Pollack began serving as the Company's Interim Chief Financial Officer in December 2018 and was paid no compensation directly
 in 2022 or 2023. Accordingly, he has not been included in this table.

 (2)

 The
 amounts in this column represent the grant date fair value of stock option awards, computed in accordance with FASB ASC Topic 718.

 Narrative
Disclosure to Summary Compensation Table

 Dr.
Michael K. Korenko. On October 24, 2018, Mr. Korenko entered into an employment agreement with the Company (the " Old Employment
Agreement"), which was scheduled to terminate on December 31, 2019. On June 4, 2019, Mr. Korenko and the Company entered into
a new employment agreement, effective June 11, 2019, which shall terminate on December 31, 2020 and December 31 of subsequent years (the
" Termination Date") if the agreement is extended pursuant to its terms. Under the terms of his employment agreement,
the Company may terminate Dr. Korenko's employment either with or without cause prior to the Termination Date, but in the event
of a termination without cause, Dr. Korenko shall be entitled to receive monthly payments of his base salary for a period of six months
thereafter, all of Dr. Korenko's outstanding options, if any, shall vest, and Dr. Korenko shall be entitled to receive all past
due compensation within three weeks of the date of termination.

 The
Company shall pay to Dr. Korenko an annual base compensation of $180,000, which is payable in equal monthly intervals. Of the $180,000
in annual base salary, $60,000 of annual pay shall be deferred and accrued until the Company's cash balance exceeds $1,000,000,
which occurred in December 2020. Dr. Korenko's employment agreement provides that he shall receive a stock option grant issued
under the Company's 2015 Omnibus Securities and Incentive Plan in an amount equal to 21 million options ten days after the Company's
1-for-8 reverse split, which was consummated in late June 2019. The options shall have a seven-year term, shall be exercisable at a price
of $0.024 per share, and shall vest as follows: 50% shall vest in equal amounts at the end of each quarter for the two quarters after
grant date, 25% shall vest upon the Company filing for a patent, and the remaining 25% shall vest upon the first commercial sale of IsoPet.
In December 2020, Mr. Korenko exercised 2,500,000 of these options for $60,000.

 The
Company paid bonuses to certain employees based on their performance, the Company's need to retain such employees, and funds available.
All bonus payments were approved by the Company's Board of Directors.

 On
June 4, 2019, the Company entered into an Executive Employment Agreement ("Employment Agreement") with Dr. Michael K. Korenko,
the Company's Chief Executive Officer. The employment term under the Employment Agreement commenced with an effective date of June
11, 2019 and expires on December 31, 2020, and December 31 of each successive year if the Employment Agreement is extended, unless terminated
earlier as set forth in the Employment Agreement. The Company on December 31, 2020 extended this agreement through December 31, 2021
while renegotiating terms of a new Employment Agreement. On May 3, 2021, the Company and the Chief Executive Officer agreed the terms
of a new Employment Agreement with an effective date of January 1, 2021 that has a term of three years and expired December 31, 2023.
The Company renewed the Employment Agreement for a term of two years expiring December 31, 2025.

 Under
the terms of the Employment Agreement effective January 1, 2024, the Company shall pay to Dr. Korenko a base compensation of $295,500.
In addition, there is a discretionary bonus to be earned in the amount of $10,000 per quarter upon the satisfaction of conditions to
be determined by the Board of Directors of the Company. In addition, the Company granted Dr. Korenko 20,000,000 restricted stock units
on January 1, 2024 that vest over the two-year period.

 Outstanding
Equity Awards at Fiscal Year-End Table

 The
following table sets forth all outstanding equity awards held by the Company's Named Executive Officers as of the end of last fiscal
year.

 Option
 Awards

 Name

 of Securities Underlying Unexercised Options(#) Exercisable

 of Securities Underlying Unexercised Options (#) Unexercisable

 Option
 Exercise Price ($)

 Option
 Exercise Date

 NONE

 Compensation
of Directors

the year ended December 31, 2023, the Company's non-employee directors were not paid any compensation.

 The
following table sets forth, for each of the Company's non-employee directors who served during 2023, the aggregate number of stock
awards and the aggregate number of stock option awards that were outstanding as of December 31, 2023:

 Name

 Outstanding
 Stock
 Awards
 (#)

 Outstanding
 Stock
 (#)

 M. Cadwell

 -

 -

June 2016, the Company granted to Mr. Cadwell options to purchase 12,500 shares of common stock at an exercise price of $8.00 per share,
which options expired June 21, 2019. These options had a grant date fair value of $34,771, which amounts were calculated in accordance
with ASC Topic 718.

 Additionally,
the Company granted warrants to purchase 6,425,503 shares of Company common stock to Carlton Cadwell in 2018 as a result of the Path
Forward Agreements and conversion of his advances to the Company. These warrants expired in October 2020.

 There
are no employment contracts or compensatory plans or arrangements with respect to any director that would result in payments by the Company
to such person because of his or her resignation as a director or any change in control of the Company.

 Compensation
Committee Interlocks and Insider Participation

 None
of our officers currently serves, or has served during the last completed fiscal year, on the compensation committee or board of directors
of any other entity that has one or more officers serving as a member of our Board of Directors.

 ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

 Beneficial
Ownership of the Company's Common Stock

 The
following table sets forth, as of March 18, 2024, the number of shares of common stock beneficially owned by the following persons: (i)
all persons the Company knows to be beneficial owners of at least 5% of the Company's common stock, (ii) the Company's current
directors, (iii) the Company's current executive officers, and (iv) all current directors and executive officers as a group.

 As
of March 18, 2024, there were 389,894,033 shares of common stock outstanding and up to 56,746,379 shares issuable upon exercise of common
stock equivalents, assuming exercise and conversion occurred as of that date, for a total of 446,640,412 shares.

 Name
 and Address of Beneficial Owner (1)

 and Nature of Beneficial Ownership (2)

 Percent
 of Class

 Cadwell
 Family Irrevocable Trust

 26,912

 *
 %

 M. Cadwell (3)

 15,406,979

 3.45
 %

 K. Korenko (4)

 14,885,090

 3.33
 %

 Pollack

 16,000

 *

 All
 Current Directors and Executive Officers as a group (3 individuals)

 30,334,981

 6.79
 %

 *
Less than 1%

 (1)

 The
 address of each of the beneficial owners above is c/o Vivos Inc, 719 Jadwin Avenue, Richland, WA 99336, except that the address of
 the Cadwell Family Irrevocable Trust (the " Cadwell Trust") is 909 North Kellogg Street, Kennewick, WA 99336.

 (2)

 In
 determining beneficial ownership of the Company's common stock as of a given date, the number of shares shown includes shares
 of common stock which may be acquired upon exercise of the common stock equivalents within 60 days of that date. In determining the
 percent of common stock owned by a person or entity on March 1, 2023, (a) the numerator is the number of shares of the class beneficially
 owned by such person or entity, including shares which may be acquired within 60 days on exercise of the common stock equivalents,
 and (b) the denominator is the sum of (i) the total shares of common stock outstanding on March 1, 2023, and (ii) the total number
 of shares that the beneficial owner may acquire upon conversion of the common stock equivalents. Subject to community property laws
 where applicable, the Company believes that each beneficial owner has sole power to vote and dispose of its shares, except that under
 the terms of the Cadwell Trust, Dr. Cadwell does not have or share voting or investment power over the shares beneficially owned
 by the Cadwell Trust.

 (3)

 Includes
 1,136,137 shares issuable upon conversion of Series A Preferred; and 4,816,275 shares issuable upon conversion of Series C Preferred,
 and 2,316,830 shares of common stock issued to AMIC Gift, LLC, an LLC controlled by Carlton and his wife.

 (4)

 Includes
 5,000,000 shares issuable for vested RSUs.

 Beneficial
Ownership of the Company's Series A Convertible Preferred Stock

 As
of March 18, 2024, there were 2,071,007 shares of Series A Preferred issued and outstanding, convertible into 2,588,758 shares of the
Company's common stock.

 The
following table sets forth, as of March 18, 2024, the number of shares of Series A Preferred beneficially owned by the following persons:
(i) all persons the Company known to be beneficial owners of at least 5% of the Company's Series A Preferred, (ii) the Company's
current directors, (iii) the Company's current executive officers, and (iv) all current directors and executive officers as a group.

 Name and Address of Beneficial Owner (1)

 Amount and Nature of Beneficial Ownership (2)

 Percent of Class

 Cadwell Family Irrevocable Trust

 148,309

 7.16
 %

 Carlton M. Cadwell

 908,910

 43.89
 %

 All Current Directors and Executive Officers as a group (2 individuals) (3)

 1,057,219

 51.05
 %

 Major Shareholder(s):

 L. Bruce Jolliff

 197,979

 9.56
 %

 Stoel Rives

 133,333

 6.44
 %

 (1)

 The
 address of each of the beneficial owners above is c/o Vivos Inc, 719 Jadwin Avenue, Richland, WA 99336, except that the address of
 (i) the Cadwell Family Irrevocable Trust (the " Cadwell Trust ") is 909 North Kellogg Street, Kennewick, WA 99336;
 (ii) L. Bruce Jolliff is 206 N 41st St. Unit 1, Yakima, WA 98901; and (iii) Stoel Rives is One Union Square, 600 University Street,
 Suite 3600, Seattle, WA 98101.

 (2)

 Subject
 to community property laws where applicable, the Company believes that each beneficial owner has sole power to vote and dispose of
 its shares, except that Dr. Cadwell under the terms of the Cadwell Trust does not have or share voting or investment power over the
 Series A Convertible Preferred beneficially owned by the Cadwell Trust.

 (3)

 Neither Michael Korenko, the Company's Chief Executive Officer, nor Michael Pollack, the Company's
Interim Chief Financial Officer, hold any Company Series A Convertible Preferred, and therefore have been omitted from this table.

 Beneficial
Ownership of the Company's Series B Convertible Preferred Stock

 As
of March 1 8, 2024, there were 200,363 shares of Series B Preferred issued and outstanding, convertible
into 2,504.538 shares of the Company's common stock.

 The
following table sets forth, as of March 18, 2024, the number of shares of Series B Preferred beneficially owned by the following persons:
(i) all persons the Company known to be beneficial owners of at least 5% of the Company's Series B Preferred, (ii) the Company's
current directors, (iii) the Company's current executive officers, and (iv) all current directors and executive officers as a group.

 Name and Address of Beneficial Owner (1)

 Amount and Nature of Beneficial Ownership (2)

 Percent of Class

 All Current Directors and Executive Officers as a group (3 individuals)

 -

 *
 %

 Major Shareholder(s):

 Jason Adelman (3)

 200,000

 %

 *
Less than 1%

 (1)

 None
 of the Company's directors and executive officers hold any shares of the Company's Series B Convertible Preferred, and
 they have therefore been omitted from this table. The address of the beneficial owners is as follows: (i) Jason Adelman (JTA Resources
 LLC. is 40 East 66th St., New York, NY 10065.

 (2)

 Subject
 to community property laws where applicable, the Company believes that each beneficial owner has sole power to vote and dispose of
 its shares.

 (3)

 Represents
 200,000 shares of Series B Preferred held by JTA Resources LLC.

 Beneficial
Ownership of the Company's Series C Convertible Preferred Stock

 As
of March 18, 2024, there were 385,302 shares of Series C Preferred issued and outstanding, convertible into 4,816,275 shares of the Company's
common stock.

 The
following table sets forth, as of March 18, 2024, the number of shares of Series C Preferred beneficially owned by the following persons:
(i) all persons the Company known to be beneficial owners of at least 5% of the Company's Series C Preferred, (ii) the Company's
current directors, (iii) the Company's current executive officers, and (iv) all current directors and executive officers as a group.

 Name and Address of Beneficial Owner (1)

 Amount and Nature of Beneficial Ownership (2)

 Percent of Class

 Carlton M. Cadwell

 %

 All Current Directors and Executive Officers as a group (3 individuals) (3)

 %

 (1)

 The
 address of each of the beneficial owners above is c/o Vivos Inc, 719 Jadwin Avenue, Richland, WA 99336.,

 (2)

 Subject
 to community property laws where applicable, the Company believes that each beneficial owner has sole power to vote and dispose of
 its shares, except that Dr. Cadwell under the terms of the Cadwell Trust does not have or share voting or investment power over the
 Series C Preferred beneficially owned by the Cadwell Trust.

 (3)

 Neither
 Michael Korenko, the Company's Chief Executive Officer, nor Michael Pollack, the Company's Interim Chief Financial Officer,
 hold any shares of the Company's Series C Preferred, and have therefore been omitted from this table.

 Changes
in Control

 The
Company does not know of any arrangements, including any pledges of the Company's securities that may result in a change in control
of the Company.

 ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

 Indebtedness
from Related Parties

 There
has been no indebtedness from related parties for the years ended December 31, 2023 and 2022.

 Independent
Directors

 The
Company's common stock is traded on the OTCQB Marketplace, which does not impose any independence requirements on the Board of
Directors or the board committees of the companies whose stock is traded on that market. The Company has decided to adopt the independence
standards of the Nasdaq listing rules in determining whether the Company's directors are independent. Generally, under those rules
a director does not qualify as an independent director if the director or a member of the director's immediate family has had in
the past three years certain relationships or affiliations with the Company, the Company's auditors, or other companies that do
business with the Company. The Company's Board of Directors has determined that Mr. Cadwell is qualified as an independent director
under those Nasdaq rules, and accordingly, would have been qualified under those rules to serve on a compensation committee or a nominating
committee, if the Company had established such committees of the Company's Board of Directors. Dr. Korenko is not an independent
director due to his employment by the Company as an executive officer.

 ITEM
14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

 Audit
Fees

 The
aggregate fees incurred by the Company's principal accountant for the audit of the Company's annual financial statements,
review of financial statements included in the quarterly reports and other fees that are normally provided by the accountant in connection
with statutory and regulatory filings or engagements for the years ended December 31, 2023 and 2022 were $40,500 and $51,250, respectively,
all of which was paid to Fruci & Associates II, PLLC.

 Audit
Related Fees

 The
aggregate fees billed for professional services that are reasonably related to the performance of the audit or review of the Company's
financial statements but are not reported "Audit Fees" for the years ended December 31, 2023 and 2022 in the amounts of $4,500
and $0, respectively. All services performed by the Company's Registered Public Accounting Firm, Fruci & Associates II, PLLC
have been pre-approved by the Company's Board of Directors.

 Tax
Fees

 The
aggregate fees billed for professional services rendered by principal accountant for tax compliance, tax advice and tax planning during
the years ended December 31, 2023 and 2022 were $3,500 and $3,250, respectively, all of which was paid to Fruci & Associates II,
PLLC.

 All
Other Fees

 Other
fees billed for products or services provided by the Company's principal accountant during the years ended December 31, 2023 and
2022. There were no fees incurred to Fruci & Associates II, PLLC related to all other fees.

 PART
IV

 ITEM
15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.

 (a)
Documents filed as part of this Report.

 1.

 Financial
 Statements. The Vivos Inc. Balance Sheets as of December 31, 2023 and 2022, the Statements of Operations for the years
 ended December 31, 2023 and 2022, the Statements of Changes in Stockholders' Deficit for the years ended December 31, 2023
 and 2022, and the Statements of Cash Flows for the years ended December 31, 2023 and 2022, together with the notes thereto and the
 reports of Fruci & Associates II, PLLC as required by Item 8 are included in this 2023 Annual Report on Form 10-K as set forth
 in Item 8 above.

 2.

 Financial
 Statement Schedules. All financial statement schedules have been omitted since they are either not required or not applicable,
 or because the information required is included in the financial statements or the notes thereto.

 3.

 Exhibits.
 The following exhibits are either filed as a part hereof or are incorporated by reference. Exhibit numbers correspond to the numbering
 system in Item 601 of Regulation S-K.

 Exhibit

 Description

 3.1

 Certificate of Incorporation of Savage Mountain Sports Corporation, dated January 11, 2000 (incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form 10-12G (File No. 000-53497) filed on November 12, 2008).

 3.2

 By-Laws (incorporated by reference to Exhibit 3.2 to the Company's Registration Statement on Form 10-12G (File No. 000-53497) filed on November 12, 2008).

 3.3

 Certificate of Amendment of Certificate of Incorporation changing the name of the Company to Advanced Medical Isotope Corporation, dated May 23, 2006 (incorporated by reference to Exhibit 3.5 to the Company's Registration Statement on Form 10-12G (File No. 000-53497) filed on November 12, 2008).

 3.4

 Certificate of Amendment of Certificate of Incorporation increasing authorized capital dated September 26, 2006 (incorporated by reference to Exhibit 3.6 to the Company's Registration Statement on Form 10-12G (File No. 000-53497) filed on November 12, 2008).

 3.5

 Certificate of Amendment to the Certificate of Incorporation increasing authorized common stock and authorizing preferred stock, dated May 18, 2011 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on May 18, 2011).

 3.6

 Certificate of Amendment to the Certificate of Incorporation authorizing a series of Preferred Stock to be named "Series A Convertible Preferred Stock", consisting of 2,500,000 shares, which series shall have specific designations, powers, preferences and relative and other special rights, qualifications, limitations and restrictions as outlined in the Certificate of Designations, filed June 30, 2015 (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on July 7, 2015).

 3.7

 Certificate of Amendment to the Certificate of Incorporation increasing the authorized series of "Series A Convertible Preferred Stock" to 5,000,000 shares, filed March 31, 2016 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on April 7, 2016).

 3.8

 Certificate of Amendment to the Certificate of Incorporation authorizing a series of Preferred Stock to be named "Series B Convertible Preferred Stock", consisting of 5,000,000 shares, which series shall have specific designations, powers, preferences and relative and other special rights, qualifications, limitations and restrictions as outlined in the Certificate of Designations, filed October 10, 2018 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on October 17, 2018).

 3.9

 Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock of Vivos Inc., dated March 27, 2019 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K, filed on April 2, 2019).

 3.10

 Certificate of Amendment to its Certificate of Incorporation of Vivos Inc., as amended, effecting a 1-for-8 reverse split, dated June 26, 2019 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on July 2, 2019).

 4.1

 Form of Warrant (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on October 17, 2018).

 4.2

 Form of Series A Warrant (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on July 11, 2022).

 4.3

 Form of Series B Warrant (incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed on July 11, 2022).

 4.4

 Form of Series C Warrant (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on December 27, 2023).

 10.1

 Agreement and Plan of Reorganization, dated as of December 15, 1998, by and among HHH Entertainment, Inc. and Earth Sports Products, Inc. (incorporated by reference to Exhibit 10.1 to the Company's Registration Statement on Form 10-12G (File No. 000-53497) filed on November 12, 2008).

 10.2

 Agreement and Plan of Merger of HHH Entertainment, Inc. and Savage Mountain Sports Corporation, dated as of January 6, 2000 (incorporated by reference to Exhibit 10.2 to the Company's Registration Statement on Form 10-12G (File No. 000-53497), filed on November 12, 2008).

 10.3

 Agreement and Plan of Acquisition by and between Neu-Hope Technologies, Inc., UTEK Corporation and Advanced Medical Isotope Corporation, dated September 22, 2006 (incorporated by reference to Exhibit 10.4 to the Company's Registration Statement on Form 10-12G (File No. 000-53497), filed on November 12, 2008).

 10.4

 Agreement and Plan of Acquisition by and between Isonics Corporation and Advanced Medical Isotope Corporation dated June 13, 2007 (incorporated by reference to Exhibit 10.6 to the Company's Registration Statement on Form 10-12G (File No. 000-53497), filed on November 12, 2008).

 10.5

 Form of Non-Statutory Stock Option Agreement (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on March 15, 2012).

 10.6

 Promissory Note dated December 16, 2008 between Advanced Medical Isotope Corporation and Carlton M. Cadwell (incorporated by reference to Exhibit 10.11 to the Company's Annual Report on Form 10-K filed on March 3, 2012).

 10.7

 2015 Omnibus Securities and Incentive Plan (incorporated by reference to Exhibit 10.12 to the Company's Annual Report on Form 10-K, filed May 25, 2016).

 10.8

 Washington State University Sub-Award Agreement for the period December 15, 2017 through January 31, 2018.(incorporated by reference to Exhibit 10.13 to the Company's Annual report on Form 10-K, filed April 2, 2018).

 10.9

 The Curators of the University of Missouri Sponsored Research Contract for the period November 1, 2017 through October 31, 2018. (incorporated by reference to Exhibit 10.14 to the Company's Annual report on Form 10-K, filed April 2, 2018).

 10.10

 Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on October 17, 2018).

 10.11

 Employment Agreement between Vivos Inc. and Michael Korenko, dated May 3, 2021 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on May 7, 2021.

 10.12

 Amended and Restated Employment Agreement between Vivos Inc. and Michael Korenko. Dated December 19, 2023, with a deemed effective date of January 1, 2024

 10.13

 Form of Series C Warrant Purchase Agreement (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on December 27, 2023).

 10.14

 Form of Warrant Exchange Agreement (incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed on December 27, 2023.

 Consent of Independent Registered Public Accounting Firm

 31.1*

 Certification of Chief Executive Officer pursuant to Sec. 302 of the Sarbanes-Oxley Act of 2002 (4)

 31.2*

 Certification of Chief Financial Officer pursuant to Sec. 302 of the Sarbanes-Oxley Act of 2002 (4)

 32.1*

 Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 (4)

 101.INS*

 101.SCH*

 101.CAL*

 101.DEF*

 101.LAB*

 101.PRE*

 Cover

 *
Filed herewith.

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

 VIVOS
 INC.

 Date:
 March 18, 2024

 By:

 /s/
 Michael K. Korenko

 Name:

 K. Korenko

 Title:

 Chief
 Executive Officer

 Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.

 Date:
 March 18, 2024

 By:

 /s/
 Michael K. Korenko

 Name:

 K. Korenko

 Title:

 Chief
 Executive Officer

 (Principal
 Executive Officer)

 Date:
 March 18, 2024

 By:

 /s/
 Michael Pollack

 Name:

 Pollack

 Title:

 Interim
 Chief Financial Officer

 (Principal
 Financial and Accounting Officer)

 Date:
 March 18, 2024

 By:

 /s/
 Carlton M. Cadwell

 Name:

 M. Cadwell

 Title:

 Secretary
 and Chairman of the Board

 Vivos
Inc.

to Financial Statements

 Pages

 Report of Independent Registered Public Accounting Firm (PCAOB ID No. 5525)

 Financial
 Statements:

 Balance Sheets as of December 31, 2023 and 2022

 Statements of Operations for the years ended December 31, 2023 and 2022

 Statement of Changes in Stockholders' Equity for the years ended December 31, 2023 and 2022

 Statements of Cash Flow for the years ended December 31, 2023 and 2022

 Notes to Financial Statements

 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 To
the Board of Directors and Shareholders of Vivos Inc.

 Opinion
on the Financial Statements

 We
have audited the accompanying balance sheets of Vivos Inc. ("the Company") as of December 31, 2023 and 2022, and the related
statements of operations, changes in stockholders' equity, and cash flows for each of the years in the two-year period ended December
31, 2023, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present
fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022 and the results of its operations
and its cash flows for each of the years in the two-year period ended December 31, 2023, in conformity with accounting principles generally
accepted in the United States of America.

 Going
Concern

 The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in
Note 1 to the financial statements, the Company has recurring losses and used significant cash in support of its operating
activities and the Company's cash position is not sufficient to support the Company's operations. These factors, among
others, raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard
to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

 Basis
for Opinion

 These
financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities
laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits,
we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion
on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

 Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits
provide a reasonable basis for our opinion.

 Critical
Audit Matters

 The
critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated
or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial
statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters
does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit
matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

 F- 1

 Equity
Transactions (Notes 3 and 4 to the financial statements)

 Description
of the Critical Audit Matter

 The
Company's evaluation of common shares issuances, including in exchange for stock warrants involved complexity and judgement in
applying the relevant accounting standards when auditing management's conclusions on the classification and recognition of warrants
on issuance and on exercise and equity transactions upon issuance.

 How
the Critical Audit Matter Was Addressed in the Audit

 Our
principal audit procedures to evaluate management's calculation and recording of common share issuances included the following:

 We evaluated the appropriateness and consistency of management's methods and assumptions used in the identification, recognition,
measurement, and disclosure of equity-based securities issuances during the year, including the classification with respect to the terms
and in considering applicable generally accepted accounting standards.

 We read the applicable agreements and compared to key terms to management's analysis of the transaction, and we evaluated,
and tested the reasonableness of management's calculation utilized in the determination of common shares issued, including exchange for
stock warrants.

 We evaluated whether management had appropriately considered new information that could significantly change the measurement or
disclosure of common shares issued including exchange for stock warrants, and evaluated the disclosures related to the financial statement
impacts of the transactions.

 We
reviewed current and subsequent period accounting records and third-party documentation to identify unrecorded equity transactions.

 Fruci & Associates II, PLLC – PCAOB ID #05525

 We
 have served as the Company's auditor since 2016.

 Fruci
 & Associates II, PLLC

 Spokane,
 Washington

 March
 18, 2024

 F- 2

 VIVOS
INC

 BALANCE
SHEETS

 DECEMBER
31, 2023 AND 2022

 DECEMBER 31, 2023

 DECEMBER 31, 2022

 ASSETS

 Current Assets:

 Cash

 $
 1,592,287

 $
 1,706,065

 Accounts receivable

 7,000

 11,000

 Prepaid expense

 10,837

 25,671

 Total Current Assets

 1,610,124

 1,742,736

 TOTAL ASSETS

 $
 1,610,124

 $
 1,742,736

 LIABILITIES AND STOCKHOLDERS' EQUITY

 LIABILITIES

 Current Liabilities:

 Accounts payable and accrued expense

 $
 245,004

 $
 81,692

 Total Current Liabilities

 245,004

 81,692

 Total Liabilities

 245,004

 81,692

 Commitments and contingencies

 -

 -

 STOCKHOLDERS' EQUITY

 Preferred stock, par value, $ 0.001, 20,000,000 shares authorized, Series A Convertible Preferred, 5,000,000 shares authorized, 2,071,007 shares issued and outstanding, respectively

 2,071

 2,071

 Additional paid in capital - Series A Convertible preferred stock

 Series B Convertible Preferred, 5,000,000 shares authorized, 200,363 shares issued and outstanding, respectively

 Additional paid in capital - Series B Convertible preferred stock

 Series C Convertible Preferred, 5,000,000 shares authorized, 385,302 shares issued and outstanding, respectively

 stock value

 Additional paid in capital - Series C Convertible preferred stock

 Additional paid in capital

 Common stock, par value, $ 0.001, 950,000,000 shares authorized, 387,894,033 and 362,541,528 issued and outstanding, respectively

 387,894

 362,541

 Additional paid in capital - common stock

 73,791,430

 71,217,954

 Accumulated deficit

 ( 82,450,781
)

 ( 79,556,028
)

 Total Stockholders' Equity

 1,365,120

 1,661,044

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

 $
 1,610,124

 $
 1,742,736

 The
accompanying notes are an integral part of these financial statements.

 F- 3

 VIVOS
INC

 STATEMENTS
OF OPERATIONS

 FOR
THE YEARS ENDED DECEMBER 31, 2023 AND 2022

 DECEMBER 31, 2023

 DECEMBER 31, 2022

 Revenues, net

 $
 19,500

 $
 36,499

 Cost of Goods Sold

 ( 25,536
)

 ( 28,779
)

 Gross (loss) profit

 ( 6,036
)

 7,720

 OPERATING EXPENSE

 Professional fees, including stock-based compensation

 1,606,923

 1,755,316

 Payroll expense

 281,716

 275,240

 Research and development expense

 732,698

 343,802

 General and administrative expense

 165,773

 151,111

 Total Operating Expenses

 2,787,110

 2,525,469

 OPERATING LOSS

 ( 2,793,146
)

 ( 2,517,749
)

 NON-OPERATING INCOME (EXPENSE)

 Interest income

 49,577

 -

 Loss on issuance of shares

 ( 151,184
)

 Gain on debt extinguishment

 -

 Total Non-Operating Income (Expense)

 ( 101,607
)

 NET LOSS BEFORE PROVISION FOR INCOME TAXES

)

)

 Provision for income taxes

 -

 -

 NET LOSS

 $
)

 $
)

 Net loss per share - basic and diluted

 $
 ( 0.01
)

 $
 ( 0.01
)

 Weighted average common shares outstanding

 368,805,214

 351,425,912

 The
accompanying notes are an integral part of these financial statements.

 F- 4

 VIVOS
INC

 STATEMENT
OF CHANGES IN STOCKHOLDERS' EQUITY

 FOR
THE YEARS ENDED DECEMBER 31, 2023 AND 2022

 Deficit

 Total

 Additional

 Additional

 Additional

 Paid-In

 Paid-In

 Paid-In

 Additional

 Series A Preferred

 Capital -

 Series A

 Series B Preferred

 Capital -

 Series B

 Series C Preferred

 Capital -

 Series C

 Common Stock

 Paid-In

 Capital -

 Accumulated

 Deficit

 Total

 Balance - December 31, 2021

 $
 2,071

 $

 $

 $

 $

 $

 343,530,678

 $
 343,531

 $
 68,573,142

 $
 ( 77,085,867
)

 $
 1,467,383

 Stock issued for:

 Cash

 -

 -

 -

 -

 -

 -

 -

 -

 -

 15,000,000

 15,000

 1,185,000

 -

 1,200,000

 Accounts payable

 -

 -

 -

 -

 -

 -

 -

 -

 -

 984,840

 48,258

 -

 49,242

 RSUs

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 Fractional adjustment

 -

 -

 -

 -

 -

 -

 -

 -

 -

 ( 90
)

 -

 -

 -

 -

 Services

 -

 -

 -

 -

 -

 -

 -

 -

 -

 76,250

 4,804

 -

 4,880

 Warrant exercises

 -

 -

 -

 -

 -

 -

 -

 -

 -

 2,949,850

 2,950

 ( 2,950
)

 -

 -

 Warrants purchased for cash

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 20,000

 -

 20,000

 RSUs granted to consultants that have vested

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 1,389,700

 -

 1,389,700

 Net loss for the year

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

)

)

 Balance - December 31, 2022

 $
 2,071

 $

 $

 $

 $

 $

 362,541,528

 $
 362,541

 $
 71,217,954

 $
 ( 79,556,028
)

 $
 1,661,044

 Balance - December 31, 2022

 $
 2,071

 $

 $

 $

 $

 $

 362,541,528

 $
 362,541

 $
 71,217,954

 $
 ( 79,556,028
)

 $
 1,661,044

 $
 2,071

 $

 $

 $

 $

 $

 362,541,528

 $
 362,541

 $
 71,217,954

 $
 ( 79,556,028
)

 $
 1,661,044

 Stock issued for:

 Cash

 -

 -

 -

 -

 -

 -

 -

 -

 -

 16,132,000

 16,132

 1,144,316

 -

 1,160,448

 Accounts payable

 -

 -

 -

 -

 -

 -

 -

 -

 -

 500,000

 27,950

 -

 28,450

 RSUs

 -

 -

 -

 -

 -

 -

 -

 -

 -

 4,000,000

 4,000

 ( 4,000
)

 -

 -

 Warrant exercises and exchanges

 -

 -

 -

 -

 -

 -

 -

 -

 -

 4,720,505

 4,721

 146,463

 -

 151,184

 Warrants purchased for cash

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 18,797

 -

 18,797

 RSUs granted to consultants that have vested

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 1,239,950

 -

 1,239,950

 Net loss for the year

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

 -

)

)

 Balance - December 31, 2023

 $
 2,071

 $

 $

 $

 $

 $

 387,894,033

 $
 387,894

 $
 73,791,430

 $
 ( 82,450,781
)

 $
 1,365,120

 $
 2,071

 $

 $

 $

 $

 $

 387,894,033

 $
 387,894

 $
 73,791,430

 $
 ( 82,450,781
)

 $
 1,365,120

 The
accompanying notes are an integral part of these financial statements.

 F- 5

 VIVOS
INC

 STATEMENTS
OF CASH FLOWS

 FOR
THE YEARS ENDED DECEMBER 31, 2023 AND 2022

 2023

 2022

 CASH FLOW FROM OPERTING ACTIVIITES

 Net loss

 $
)

 $
)

 Adjustments to reconcile net loss to net cash used in operating activities

 Common stock, stock options and warrants for services

 -

 4,880

 RSUs issued for services

 1,239,950

 1,389,700

 Loss on issuance of shares

 151,184

 -

 (Gain) on conversion of debt

 -

 ( 47,588
)

 Changes in assets and liabilities

 Accounts receivable

 4,000

 ( 11,000
)

 Prepaid expense and other assets

 14,834

 2,504

 Accounts payable and accrued expense

 191,762

 11,607

 Total adjustments

 1,601,730

 1,350,103

 Net cash used in operating activities

 ( 1,293,023
)

 ( 1,120,058
)

 CASH FLOWS FROM FINANCING ACTIVITES

 Proceeds from common stock and warrants

 1,179,245

 1,220,000

 Net cash provided by financing activities

 1,179,245

 1,220,000

 NET (DECREASE) INCREASE IN CASH

 ( 113,778
)

 99,942

 CASH - BEGINNING OF YEAR

 1,706,065

 1,606,123

 CASH - END OF YEAR

 $
 1,592,287

 $
 1,706,065

 CASH PAID DURING THE PERIOD FOR:

 Interest expense

 $
 -

 $
 -

 Income taxes

 $
 -

 $
 -

 SUPPLEMENTAL INFORMATION - NON-CASH INVESTING AND FINANCING ACTIVITIES:

 Common stock issued in cashless exercise of warrants

 $
 4,721

 $
 2,950

 RSUs vested into common stock

 $
 4,000

 $
 -

 Accounts payable converted into shares of common stock

 $
 28,450

 $
 49,242

 The
accompanying notes are an integral part of these financial statements.

 F- 6

 Vivos
Inc.

 Notes
to Financial Statements

31, 2023 and 2022

 NOTE
1: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

 Business
Overview

 The
Company was incorporated under the laws of Delaware on December 23, 1994 as Savage Mountain Sports Corporation (" SMSC ").
On September 6, 2006, the Company changed its name to Advanced Medical Isotope Corporation, and on December 28, 2017, the Company began
operating as Vivos Inc. The Company has authorized capital of 950,000,000 shares of common stock, $ 0.001 par value per share, and 20,000,000
shares of preferred stock, $ 0.001 par value per share.

 Our
principal place of business is located at 719 Jadwin Avenue, Richland, WA 99352. Our telephone number is (509) 736-4000. Our corporate
website address is  Our common stock is currently quoted on the OTC Pink Marketplace under the symbol "RDGL."

 The
Company is a radiation oncology medical device company engaged in the development of its yttrium-90 (" Y-90 ")
based brachytherapy device, RadioGel, for the treatment of non-resectable tumors. A prominent team of
radiochemists, scientists and engineers, collaborating with strategic partners, including national laboratories, universities and
private corporations, lead the Company's development efforts. The Company's overall vision is to globally empower
physicians, medical researchers and patients by providing them with new isotope technologies that offer safe and effective
treatments for cancer.

 In
January 2018, the Center for Veterinary Medicine Product Classification Group ruled that RadioGel should be classified
as a device for animal therapy of feline sarcomas and canine soft tissue sarcomas. Additionally, after a legal review, the Company believes
that the device classification obtained from the Food and Drug Administration (" FDA ") Center for Veterinary Medicine
is not limited to canine and feline sarcomas, but rather may be extended to a much broader population of veterinary cancers, including
all or most solid tumors in animals. We expect the result of such classification and label review will be that no additional regulatory
approvals are necessary for the use of IsoPet for the treatment of solid tumors in animals. The FDA does not have premarket
authority over devices with a veterinary classification, and the manufacturers are responsible for assuring that the product is safe,
effective, properly labeled, and otherwise in compliance with all applicable laws and regulations.

 Based
on the FDA's recommendation, RadioGel will be marketed as "IsoPet " for use by veterinarians
to avoid any confusion between animal and human therapy. The Company already has trademark protection for the "IsoPet "
name. IsoPet and RadioGel are used synonymously throughout this document. The only distinction between
IsoPet and RadioGel is the FDA's recommendation that we use "IsoPet "
for veterinarian usage, and reserve "RadioGel " for human therapy. Based on these developments, the Company
has shifted its primary focus to the development and marketing of Isopet for animal therapy, through the Company's
IsoPet Solutions division.

 F- 7

 IsoPet
Solutions

 The
Company's IsoPet Solutions division was established in May 2016 to focus on the veterinary oncology market, namely
engagement of university veterinarian hospital to develop the detailed therapy procedures to treat animal tumors and ultimately use of
the technology in private clinics. The Company has worked with three different university veterinarian hospitals on IsoPet
 testing and therapy. Washington State University treated five cats for feline sarcoma and served to develop the procedures which
are incorporated in our label. They concluded that the product was safe and effective in killing cancer cells. Colorado State University
demonstrated the CT and PET-CT imaging of IsoPet. A contract was signed with University of Missouri to treat canine sarcomas
and equine sarcoids starting in November 2017.

 The
dogs were treated for canine soft tissue sarcoma. Response evaluation criteria in solid tumors (" RECIST ") is a set
of published rules that define when tumors in cancer patients improve (respond), stay the same (stabilize), or worsen (progress) during
treatment. The criteria were published by an international collaboration including the European Organisation for Research and Treatment
of Cancer (" EORTC "), National Cancer Institute of the United States, and the National Cancer Institute of Canada Clinical
Trials Group.

 The
testing at the University of Missouri met its objective to demonstrate the safety of IsoPet. Using its advanced CT and
PET equipment it was able to demonstrate that the dose calculations were accurate and that the injections perfused into the cell interstices
and did not stay concentrated in a bolus. This results in a more homogeneous dose distribution. There was insignificant spread of Y-90
outside the points of injection demonstrating the effectiveness of the particles and the gel to localize the radiation with no spreading
to the blood or other organs nor to urine or fecal material. This confirms that IsoPet is safe for same day therapy.

 The
effectiveness of IsoPet for life extension was not the prime objective, but it resulted in valuable insights. Of the
cases one is still cancer-free but the others eventually recurred since there was not a strong focus on treating the margins. The University
of Missouri has agreed to become a regional center to administer IsoPet therapy and will incorporate the improvements
suggested by the testing program.

 The Company anticipates that future profits, if any, will be derived
from direct sales of RadioGel (under the name IsoPet) and related services, and from licensing to private
medical and veterinary clinics in the United States of America (the " USA ", or, the " U.S. ") and internationally.
The Company intends to report the results from the IsoPet Solutions division as a separate operating segment in accordance
with generally accepted accounting principles (" GAAP ").

 Commencing in July 2019, the Company recognized its first commercial
sale of IsoPet. A veterinarian from Alaska brought his cat with a re-occurrent spindle cell sarcoma tumor on his face.
The cat had previously received external beam therapy, but now the tumor was growing rapidly. He was given a high dose of 400 Gray with
heavy therapy at the margins. This sale met the revenue recognition requirements under Financial Accounting Standards Board (" FASB ")
Accounting Standards Codification (" ASC ") Topic 606 – Revenue from Contracts with Customers (" ASC 606 ")
as the performance obligation was satisfied. The Company completed sales for an additional four animals that received the IsoPet
during 2019.

 Our plan is to incorporate the data assembled from our work with Isopet
in animal therapy to support the Company's efforts in the development of our RadioGel device candidate, including
obtaining approval from the FDA to market and sell RadioGel as a Class II medical device. RadioGel
is an injectable particle-gel for brachytherapy radiation treatment of cancerous tumors in people and animals. RadioGel
is comprised of a hydrogel, or a substance that is liquid at room temperature and then gels when reaching body temperature after injection
into a tumor. In the gel are small particles, less than two microns, of Y-90. Once injected, these inert particles are locked in place
inside the tumor by the gel, delivering a very high local radiation dose. The radiation is beta, consisting of high-speed electrons. These
electrons only travel a short distance so the device can deliver high radiation to the tumor with minimal dose to the surrounding tissue.
Optimally, patients can go home immediately following treatment without the risk of radiation exposure to family members. Since Y-90 has
a half-life of 2.7 days, the radioactivity drops to 5% of its original value after ten days.

 F- 8

 Recently
the Company modified its Indication for Use from skin cancel to cancerous tissue or solid tumors pathologically associated with locoregional
papillary thyroid carcinoma and recurrent papillary thyroid carcinoma having discernable tumors associated with metastatic lymph nodes
or extranodal disease in patients who are not surgical candidates or who have declined surgery, or patients who require post-surgical
remnant ablation (for example, after prior incomplete radioiodine therapy). Papillary thyroid carcinoma belongs to the general class
of head and neck tumors for which tumors are accessible by intraoperative direct needle injection. The Company's Medical Advisory
Board felt that demonstrating efficacy in clinical trials was much easier with this new indication.

 Intellectual
Property

 Our original license with Battelle National Laboratory (the " Battelle
License ") reached its end of life in 2022. During the past several years, we have expanded our proprietary knowledge, as well
as our trademark and patent protection, in anticipation of the Battelle License reaching the end of its term.

 Our RadioGel TM trademark protection is in 17 countries.
We have expanded our trademark protection from RadioGel TM to now include IsoPet. We obtained the International
Certificate of Registration for ISOPET, which is the first step to file in several countries.

 We
have filed for trademark protection for the term Precision Radionuclide Therapy TM. We believe this term will be increasingly
important.

 The
Company received the Patent Cooperation Treaty (" PCT ") International Search Report on our patent application (No.1811.191).
Seven of our claims were immediately ruled as having novelty, inventive step and industrial applicability. This gives us the basis to
extend for many years the patent protection for our proprietary Y-90 phosphate particles utilized in Isopet and Radiogel.

 Our patent team filed our particle patent in more than ten patent offices
that collectively cover 63 countries throughout the world. We filed a continuation-in-part applications number 1774054 in the USA to expand
the claims on our particle patent. The U.S. Patent office recently gave us the Notice of Allowance for our patent to produce our yttrium
phosphate microparticles, U.S. Patent Application Serial No: 16-459,466. We also filed an amendment to correct the wording on our claims
at make them consistent with the USE claims. Ref: 4207-0005; European Patent Application NO. 20 834 229.5; VIVOS INC; Our Ref: FS/53791.

 We
filed a hydrogel utility patent in the USA (16309:17/943,311) and internationally (16389:PCT/US22/4374) based on the last 18 months
of development work to optimize our hydrogel component. These include reducing the polymer production time and increasing the output
by a factor of three. We have also further reduced the level of trace contaminants to be well below the FDA guidelines.

 We
filed a provisional patent (Serial Number 63436562) to protect our innovative improvements in our shipping container, our vial shield,
our syringe shield, and our Peltier chiller. Our objectives were to reduce shipping costs, decrease radiation exposure, and enhance sterility.
These devices will be preferentially used at Mayo Clinics for human clinical studies at and our IsoPet regional treatment centers. The
Company filed a utility patent in Q4 2023 for this therapy support equipment.

 We anticipate that Precision Radionuclide Therapy will become increasingly
important in the future and expand to other isotope and other indications for use. Therefore, we filed an alternate particle utility patent
(Serial number 18/152,137). We will focus our near-term effort on the Y-90 therapy, which we believe is the best beta emitter; however,
we leveraged our hydrogel utility patent to incorporate other promising isotopes and compounds for a range of future applications. This
includes gamma and alpha particle emitters.

 F- 9

 Going
Concern

 The
accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction
of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has suffered recurring
losses and used significant cash in support of its operating activities and the Company's cash position is not sufficient to support
the Company's operations. Research and development of the Company's brachytherapy product line has been funded with proceeds
from the sale of equity and debt securities as well as a series of grants. The Company requires funding of approximately $ 2.5 million
annually to maintain current operating activities.

 The
Company completed its reverse stock split which was approved by FINRA and went effective on June 28, 2019.

 The
Company's stock offering under Regulation A+ was qualified by the Securities and Exchange Commission (" SEC ")
on June 3, 2020. A second Regulation A+ offering was qualified by the SEC on September 15, 2021, pursuant to the Company's offering
statement on Form 1-A (File No. 024-11627) (the " Offering Statement ") to raise capital by selling 50,000,000
shares at a price of $ 0.10
 per share, for a maximum offering of $ 5,000,000
 (the " Regulation A+ Offering ").
In July 2022, the Company amended the Offering Statement, which the Company raised $ 1,200,000
 at $ 0.08
 per share ( 15,000,000
shares) and sold 20,000,000
 warrants for $ 20,000.
An amendment to the Offering Statement was filed and qualified in October 2022, to raise the remaining $ 3,800,000
 of the original offering amount of $ 5,000,000
 at a price of $ 0.08 per share. A further amendment
to the Offering Statement was filed and qualified in December 2023, as supplemented, to raise the remaining $ 3,200,000 at an offering
price of $ 0.064 per share. During 2023, $ 1,179,245
 was raised through the issuance of 16,132,000
 shares of common stock and warrants to purchase
 18,797,000
 shares of common stock.

 The Company's offerings undertaken pursuant to Regulation A+
have raised approximately $ 6,000,000 from the sale of shares. The Company is using the proceeds generated
as follows:

 For
the animal therapy market:

 Fund
 the effort to communicate the benefits of IsoPet to the veterinary community and the pet parents.

 Conduct
 additional clinical studies to generate more data for the veterinary community

 Subsidize
 some IsoPet therapies, if necessary, to ensure that all viable candidates are treated.

 Assist
 new regional clinics with their license and certification training.

 For
the human market:

 Enhance
 the pedigree of the Quality Management System.

 Complete
 the previously defined pre-clinical testing and additional testing on an animal model closely aligned with our revised indication
 for use. Report the results to the FDA in a pre-submission meeting.

 Use the feedback from that meeting to write the (Investigational Device
Exemption (" IDE "), which is required to initiate clinical trials.

 Research
and development of the Company's brachytherapy product line has been funded with proceeds from the sale of equity and debt securities.
The Company may require additional funding of approximately $ 5
 million annually to maintain current operating
activities. Over the next 12 to 48 months, the Company believes
it will cost approximately $9 million to: (1) fund the FDA approval process to conduct human clinical trials;
(2) conduct Phase I, pilot, and clinical trials; (3) activate several regional clinics to administer IsoPet across the
county; (4) create an independent production center within the current production site to create a template for future international manufacturing;
and (5) initiate regulatory approval processes outside of the United States. The proceeds to be raised from the Regulation A+ Offering
will be used to continue to fund this development.

 The continued deployment of the brachytherapy products and a worldwide
regulatory approval effort will require additional resources and personnel. The principal variables in the timing and amount of spending
for the brachytherapy products in the next 12 to 24 months will be the FDA's classification of the Company's brachytherapy
products as Class II or Class III devices (or otherwise), and any requirements for additional studies (which may possibly include clinical
studies). Thereafter, the principal variables in the amount of the Company's spending and its financing requirements would be: (1)
the timing of any approvals; (2) the nature of the Company's arrangements with third parties for manufacturing, sales, distribution
and licensing of those products; and (3) the products' success in the U.S. and elsewhere. The Company intends to fund its activities
through strategic transactions such as licensing and partnership agreements, as well as proceeds to be raised from the Regulation A+ Offering.

 Following receipt of required regulatory approvals and necessary financing
to fund our working capital requirements, the Company intends to outsource material aspects of manufacturing, distribution, sales and
marketing for operations within the U.S.. Outside of the U.S., the Company intends to pursue licensing arrangements and/or partnerships
to facilitate its global commercialization strategy.

 F- 10

 Long-term, the Company intends to consider resuming research efforts with respect to other products and technologies
intended to help improve the diagnosis and treatment of cancer and other illnesses. These long-term goals are subject to the Company:
(1) receiving adequate funding; (2) receiving regulatory approval for RadioGel TM and other brachytherapy products; and (3)
being able to successfully commercialize its brachytherapy products.

 Based
on the Company's financial history since inception, the Company's independent registered public accounting firm has expressed
substantial doubt as to the Company's ability to continue as a going concern. The Company has limited revenue, nominal cash, and
has accumulated deficits since inception. If the Company cannot obtain sufficient additional capital, the Company will be required to
delay the implementation of its business strategy and may not be able to continue operations.

 The Company's headquarters are in Northeast
Washington however there focus of the animal therapy market has been the Northwestern sector of the United States. The Company continues
their marketing to the animal therapy market and attempt to increase the exposure to their product and generate revenue accordingly.

 As
of December 31, 2023, the Company has $ 1,592,287 cash on hand. There are currently commitments to vendors for products and services purchased.
To continue the development of the Company's products, the current level of cash may not be enough to cover the fixed and variable
obligations of the Company.

 There
is no guarantee that the Company will be able to raise additional funds or to do so at an advantageous price.

 The
financial statements do not include any adjustments relating to the recoverability and classification of liabilities that might be necessary
should the Company be unable to continue as a going concern. The Company's continuation as a going concern is dependent upon its
ability to generate sufficient cash flow to meet its obligations on a timely basis and ultimately to attain profitability. The Company
plans to seek additional funding to maintain its operations through debt and equity financing and to improve operating performance through
a focus on strategic products and increased efficiencies in business processes and improvements to the cost structure. There is no assurance
that the Company will be successful in its efforts to raise additional working capital or achieve profitable operations. The financial
statements do not include any adjustments that might result from the outcome of this uncertainty.

 Use
of Estimates

 The
preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at
the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates the Company
considers include criteria for stock-based compensation expense, and valuation allowances on deferred tax assets. Actual results could
differ from those estimates.

 Financial
Statement Reclassification

 Certain
account balances from prior periods have been reclassified in these financial statements so as to conform to current period classifications.

 Cash
Equivalents

 For
the purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity
of three months or less to be cash equivalents.

 The
Company occasionally maintains cash balances in excess of the FDIC insured limit. The Company does not consider this risk to be material.

 F- 11

 Fair
Value of Financial Instruments

 Fair
value of financial instruments requires disclosure of the fair value information, whether or not recognized in the balance sheet, where
it is practicable to estimate that value. As of December 31, 2023 and 2022, the balances reported for cash, prepaid expenses, accounts
receivable, accounts payable, and accrued expenses, approximate the fair value because of their short maturities.

 Fair value is defined as the price that would be received to sell an
asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820- Fair
Value Measurement, established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy
gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and
the lowest priority to unobservable inputs (level 3 measurements). These tiers include:

 Level 1, defined as
 observable inputs such as quoted prices for identical instruments in active markets;

 Level 2, defined as inputs
 other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar
 instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

 Level 3, defined as
 unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as
 valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are
 unobservable.

 The
Company measures certain financial instruments including options and warrants issued during the period at fair value on a recurring basis.

 Patents
and Intellectual Property

 While
patents are being developed or pending, they are not being amortized. Management has determined that the economic life of the patents
to be ten years and amortization, over such 10 -year period and on a straight-line basis will begin once the patents have been issued
and the Company begins utilization of the patents through production and sales, resulting in revenues.

 The
Company evaluates the recoverability of intangible assets, including patents and intellectual property on a continual basis. Several
factors are used to evaluate intangibles, including, but not limited to, management's plans for future operations, recent operating
results and projected and expected undiscounted future cash flows.

 There
have been no such capitalized costs in the years ended December 31, 2023 and 2022, respectively. However, a patent was filed on July
1, 2019 (No. 1811.191) by Michael Korenko and David Swanberg and assigned to the Company based on the Company's proprietary
particle manufacturing process. The timing of this filing was important given the Company's plans to make IsoPet
commercially available, which it did on or about July 9, 2019. This additional patent protection will strengthen the Company's
competitive position. It is the Company's intention to further extend this patent protection to several key countries within one
year, as permitted under international patent laws and treaties.

 Revenue
Recognition

 In May 2014, the FASB issued Accounting Standard Update (" ASU ")
No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single set of guidelines for revenue recognition
to be used across all industries and requires additional disclosures. The updated guidance introduces a five-step model to achieve its
core principal of the entity recognizing revenue to depict the transfer of goods or services to customers at an amount that reflects
the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted the updated
guidance effective January 1, 2018 using the full retrospective method.

 F- 12

 Under
ASC 606, in order to recognize revenue, the Company is required to identify an approved contract with commitments to preform respective
obligations, identify rights of each party in the transaction regarding goods to be transferred, identify the payment terms for the goods
transferred, verify that the contract has commercial substance and verify that collection of substantially all consideration is probable.

 The
Company recognized revenue as they (i) identified the contracts with each customer; (ii) identified the performance obligation in each
contract; (iii) determined the transaction price in each contract; (iv) were able to allocate the transaction price to the performance
obligations in the contract; and (v) recognized revenue upon the satisfaction of the performance obligation. Upon the sales of the product
to complete the procedures on the animals, the Company recognized revenue as that was considered the performance obligation.

 All
revenue recognized in the years ended December 31, 2023 and 2022 relate to the procedures performed with respect to the IsoPet
 therapies.

 Loss
Per Share

 The
Company accounts for its loss per common share by replacing primary and fully diluted earnings per share with basic and diluted earnings
per share. Basic loss per share is computed by dividing loss available to common stockholders (the numerator) by the weighted-average
number of common shares outstanding (the denominator) for the period, and does not include the impact of any potentially dilutive common
stock equivalents since the impact would be anti-dilutive. The computation of diluted earnings per share is similar to basic earnings
per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding
if potentially dilutive common shares had been issued. For the given periods of loss, of the periods ended in the years ended December
31, 2023 and 2022, the basic earnings per share equals the diluted earnings per share.

 The
following represent common stock equivalents that could be dilutive in the future as of December 31, 2023 and 2022, which include the
following:

OF DILUTIVE EARNINGS PER SHARE

 Preferred stock

 9,909,570

 9,909,570

 Restricted stock units

 1,450,000

 25,362,500

 Common stock options

 Common stock warrants

 26,134,000

 26,737,500

 Total potential dilutive securities

 39,746,379

 64,762,379

 Research
and Development Costs

 Research
and developments costs, including salaries, research materials, administrative costs and contractor fees, are charged to operations
as incurred. The cost of equipment used in research and development activities which has alternative uses is capitalized as part of fixed
assets and not treated as an expense in the period acquired. Depreciation of capitalized equipment used to perform research and development
is classified as research and development expense in the year computed.

 The
Company incurred $ 732,698 and $ 343,802 in research and development costs for the years ended December 31, 2023 and 2022, respectively,
all of which were recorded in the Company's operating expense noted on the statements of operations for the periods then ended.

 Advertising
and Marketing Costs

 Advertising
and marketing costs are expensed as incurred except for the cost of tradeshows which are deferred until the tradeshow occurs. During
the years ended December 31, 2023 and 2022, the Company incurred nominal advertising and marketing costs.

 F- 13

 Contingencies

 In
the ordinary course of business, the Company is involved in legal proceedings involving contractual and employment relationships, product
liability claims, patent rights, and a variety of other matters. The Company records contingent liabilities resulting from asserted and
unasserted claims against it, when it is probable that a liability has been incurred and the amount of the loss is reasonably estimable.
The Company discloses contingent liabilities when there is a reasonable possibility that the ultimate loss will exceed the recorded liability.
Estimated probable losses require analysis of multiple factors, in some cases including judgments about the potential actions of third-party
claimants and courts. Therefore, actual losses in any future period are inherently uncertain. The Company has entered into various agreements
that require them to pay certain fees to consultants and/or employees that have been fully accrued for as of December 31, 2023 and 2022.

 Income
Taxes

 To
address accounting for uncertainty in tax positions, the Company clarifies the accounting for income taxes by prescribing a minimum recognition
threshold that a tax position is required to meet before being recognized in the financial statements. The Company also provides guidance
on de-recognition, measurement, classification, interest, and penalties, accounting in interim periods, disclosure and transition.

 The
Company files income tax returns in the U.S. federal jurisdiction. The Company did not have any tax expense for the years ended December
31, 2023 and 2022. The Company did not have any deferred tax liability or asset on its balance sheets on December 31, 2023 and 2022.

 Interest
costs and penalties related to income taxes, if any, will be classified as interest expense and general and administrative costs, respectively,
in the Company's financial statements. For the years ended December 31, 2023 and 2022, the Company did not recognize any interest
or penalty expense related to income taxes. The Company believes that it is not reasonably possible for the amounts of unrecognized tax
benefits to significantly increase or decrease within the next twelve months.

 Stock-Based
Compensation

 The
Company recognizes compensation costs under FASB ASC Topic 718, Compensation – Stock Compensation and ASU 2018-07. Companies are
required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize
the costs in the financial statements over the period during which employees are required to provide services. Share based compensation
arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase
plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized
over the respective vesting periods of the option grant.

 Recent
Accounting Pronouncements

 The
Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition,
results of operations, cash flows or disclosures.

 NOTE
2: RELATED PARTY TRANSACTIONS

and Common Shares Issued to Officers and Directors

 In
March 2022, the Chief Executive Officer exercised 75,000 warrants in a cashless exercise into 22,266 shares of common stock, and was
issued 76,250 shares of common stock valued at $ 4,880 for services rendered.

 In
September 2023, the CEO advanced $ 10,000 to the Company which was repaid October 4, 2023.

 NOTE
3: STOCKHOLDERS' EQUITY

Stock

 The
Company has 950,000,000 shares of common stock authorized, with a par value of $ 0.001, and as of December 31, 2023 and December 31, 2022,
the Company has 387,894,033 and 362,541,528 shares issued and outstanding, respectively.

 F- 14

Stock

 As
of December 31, 2023 and 2022, the Company has 20,000,000 shares of Preferred stock authorized with a par value of $ 0.001. The Company's
Board of Directors is authorized to provide for the issuance of shares of preferred stock in one or more series, fix or alter the designations,
preferences, rights, qualifications, limitations or restrictions of the shares of each series, including the dividend rights, dividend
rates, conversion rights, voting rights, term of redemption including sinking fund provisions, redemption price or prices, liquidation
preferences and the number of shares constituting any series or designations of such series without further vote or action by the shareholders.
The issuance of preferred stock may have the effect of delaying, deferring or preventing a change in control of management without further
action by the shareholders and may adversely affect the voting and other rights of the holders of common stock. The issuance of preferred
stock with voting and conversion rights may adversely affect the voting power of the holders of common stock, including the loss of voting
control to others.

 On
October 8, 2018 the Company created out of the shares of Preferred Stock, par value $ 0.001 per share, of the Company, as authorized in
Article IV of the Company's Certificate of Incorporation, a series of Preferred Stock of the Company, to be named "Series
B Convertible Preferred Stock," consisting of Five Million (5,000,000) shares.

 On
March 27, 2019 the Company created out of the shares of Preferred Stock, par value $ 0.001 per share, of the Company, as authorized in
Article IV of the Company's Certificate of Incorporation, a series of Preferred Stock of the Company, to be named "Series
C Convertible Preferred Stock," consisting of Five Million ( 5,000,000) shares.

 Series
A Convertible Preferred Stock ("Series A Convertible Preferred")

 In
June 2015, the Series A Certificate of Designation was filed with the Delaware Secretary of State to designate 2.5 million shares of
our preferred stock as Series A Convertible Preferred. Effective March 31, 2016, the Company amended the Certificate of Designations,
Preferences and Rights of Series A Convertible Preferred of the Registrant, increasing the maximum number of shares of Series A Convertible
Preferred from 2,500,000 shares to 5,000,000 shares. The following summarizes the current rights and preferences of the Series A Convertible
Preferred:

 Liquidation
Preference. The Series A Convertible Preferred has a liquidation preference of $ 5.00 per share.

 Dividends.
Shares of Series A Convertible Preferred do not have any separate dividend rights.

 Conversion.
Subject to certain limitations set forth in the Series A Certificate of Designation, each share of Series A Convertible Preferred is
convertible, at the option of the holder, into that number of shares of common stock (the " Series A Conversion Shares ")
equal to the liquidation preference thereof, divided by Conversion Price (as such term is defined in the Series A Certificate of Designation),
currently $ 4.00.

 In
the event the Company completes an equity or equity-based public offering, registered with the SEC, resulting in gross proceeds to the
Company totaling at least $ 5.0 million, all issued and outstanding shares of Series A Convertible Preferred at that time will automatically
convert into Series A Conversion Shares.

 Redemption.
 Subject to certain conditions set forth in the Series A Certificate of Designation, in the event of a Change of Control (defined in the
Series A Certificate of Designation as the time at which as a third party not affiliated with the Company or any holders of the Series
A Convertible Preferred shall have acquired, in one or a series of related transactions, equity securities of the Company representing
more than fifty percent 50% of the outstanding voting securities of the Company), the Company, at its option, will have the right to
redeem all or a portion of the outstanding Series A Convertible Preferred in cash at a price per share of Series A Convertible Preferred
equal to 100 % of the Liquidation Preference.

 Voting
Rights. Holders of Series A Convertible Preferred are entitled to vote on all matters, together with the holders of common stock,
and have the equivalent of five votes for every Series A Conversion Share issuable upon conversion of such holder's outstanding
shares of Series A Convertible Preferred. However, the Series A Conversion Shares, when issued, will have all the same voting rights
as other issued and outstanding common stock of the Company, and none of the rights of the Series A Convertible Preferred.

 F- 15

 Liquidation.
Upon any liquidation, dissolution, or winding-up of the Company, whether voluntary or involuntary (a " Liquidation "),
the holders of Series A Convertible Preferred shall be entitled to receive out of the assets, whether capital or surplus, of the Company
an amount equal to the liquidation preference of the Series A Convertible Preferred before any distribution or payment shall be made
to the holders of any junior securities, and if the assets of the Company is insufficient to pay in full such amounts, then the entire
assets to be distributed to the holders of the Series A Convertible Preferred shall be ratably distributed among the holders in accordance
with the respective amounts that would be payable on such shares if all amounts payable thereon were paid in full.

 Certain
Price and Share Adjustments.

 (a)
 Stock Dividends and Stock Splits. If the Company (i) pays a stock dividend or otherwise makes a distribution or distributions
payable in shares of common stock on shares of common stock or any other common stock equivalents; (ii) subdivides outstanding shares
of common stock into a larger number of shares; (iii) combines (including by way of a reverse stock split) outstanding shares of common
stock into a smaller number of shares; or (iv) issues, in the event of a reclassification of shares of the common stock, any shares of
capital stock of the Company, then the conversion price shall be adjusted accordingly.

 (b)
 Merger or Reorganization. If the Company is involved in any reorganization, recapitalization, reclassification, consolidation
or merger in which the Common Stock is converted into or exchanged for securities, cash or other property than each share of Series A
Preferred shall be convertible into the kind and amount of securities, cash or other property that a holder of the number of shares of
common stock issuable upon conversion of one share of Series A Convertible Preferred prior to any such merger or reorganization would
have been entitled to receive pursuant to such transaction.

 Series
B Convertible Preferred Stock ("Series B Convertible Preferred")

 In
October 2018, the Series B Certificate of Designation was filed with the Delaware Secretary of State to designate 5.0 million shares
of our preferred stock as Series B Convertible Preferred. The following summarizes the current rights and preferences of the Series B
Convertible Preferred:

 Liquidation
Preference. The Series B Convertible Preferred has a liquidation preference of $ 1.00 per share.

 Dividends.
Shares of Series B Convertible Preferred do not have any separate dividend rights.

 Conversion.
Subject to certain limitations set forth in the Series B Certificate of Designation, each share of Series B Convertible Preferred is
convertible, at the option of the holder, into that number of shares of common stock (the " Series B Conversion Shares ")
equal to the liquidation preference thereof, divided by Conversion Price (as such term is defined in the Series B Certificate of Designation),
currently $ 0.08.

 Redemption.
 Subject to certain conditions set forth in the Series B Certificate of Designation, in the event of a Change of Control (defined in the
Series B Certificate of Designation as the time at which as a third party not affiliated with the Company or any holders of the Series
B Convertible Preferred shall have acquired, in one or a series of related transactions, equity securities of the Company representing
more than fifty percent 50% of the outstanding voting securities of the Company), the Company, at its option, will have the right to
redeem all or a portion of the outstanding Series B Convertible Preferred in cash at a price per share of Series B Convertible Preferred
equal to 100 % of the Liquidation Preference.

 Voting
Rights. Holders of Series B Convertible Preferred are entitled to vote on all matters, together with the holders of common stock,
and have the equivalent of two votes for every Series B Conversion Share issuable upon conversion of such holder's outstanding
shares of Series B Convertible Preferred. However, the Series B Conversion Shares, when issued, will have all the same voting rights
as other issued and outstanding common stock of the Company, and none of the rights of the Series A Convertible Preferred.

 F- 16

 Liquidation.
Upon any liquidation, dissolution, or winding-up of the Company, whether voluntary or involuntary (a " Liquidation "),
the holders of Series B Convertible Preferred shall be entitled to receive out of the assets, whether capital or surplus, of the Company
an amount equal to the liquidation preference of the Series B Convertible Preferred before any distribution or payment shall be made
to the holders of any junior securities, and if the assets of the Company is insufficient to pay in full such amounts, then the entire
assets to be distributed to the holders of the Series B Convertible Preferred shall be ratably distributed among the holders in accordance
with the respective amounts that would be payable on such shares if all amounts payable thereon were paid in full.

 Certain
Price and Share Adjustments.

 (a)
 Stock Dividends and Stock Splits. If the Company (i) pays a stock dividend or otherwise makes a distribution or distributions
payable in shares of common stock on shares of common stock or any other common stock equivalents; (ii) subdivides outstanding shares
of common stock into a larger number of shares; (iii) combines (including by way of a reverse stock split) outstanding shares of common
stock into a smaller number of shares; or (iv) issues, in the event of a reclassification of shares of the common stock, any shares of
capital stock of the Company, then the conversion price shall be adjusted accordingly.

 (b)
 Merger or Reorganization. If the Company is involved in any reorganization, recapitalization, reclassification, consolidation
or merger in which the Common Stock is converted into or exchanged for securities, cash or other property than each share of Series B
Convertible Preferred shall be convertible into the kind and amount of securities, cash or other property that a holder of the number
of shares of common stock issuable upon conversion of one share of Series B Convertible Preferred prior to any such merger or reorganization
would have been entitled to receive pursuant to such transaction.

 Series
C Convertible Preferred Stock ("Series C Convertible Preferred")

 In
March 2019, the Series C Certificate of Designation was filed with the Delaware Secretary of State to designate 5.0 million shares of
our preferred stock as Series C Convertible Preferred. The following summarizes the current rights and preferences of the Series C Convertible
Preferred:

 Liquidation
Preference. The Series C Convertible Preferred has a liquidation preference of $ 1.00 per share.

 Dividends.
Shares of Series C Convertible Preferred do not have any separate dividend rights.

 Conversion.
Subject to certain limitations set forth in the Series C Certificate of Designation, each share of Series C Convertible Preferred is
convertible, at the option of the holder, into that number of shares of common stock (the " Series C Conversion Shares ")
equal to the liquidation preference thereof, divided by Conversion Price (as such term is defined in the Series C Certificate of Designation),
currently $ 0.08.

 The
Series C Convertible Preferred will only be convertible at any time after the date that the Company shall have amended its Certificate
of Incorporation to increase the number of shares of common stock authorized for issuance thereunder or effect a reverse stock split
of the outstanding shares of common stock by a sufficient amount to permit the conversion of all Series C Convertible Preferred into
shares of common stock (" Authorized Share Approval ") (such date, the " Initial Convertibility Date "),
each share of Series C Convertible Preferred shall be convertible into validly issued, fully paid and non-assessable shares of Common
Stock on the terms and conditions set forth in the Series C Certificate of Designation under the definition " Conversion Rights ".

 Redemption.
 Subject to certain conditions set forth in the Series C Certificate of Designation, in the event of a Change of Control (defined in the
Series C Certificate of Designation as the time at which as a third party not affiliated with the Company or any holders of the Series
C Convertible Preferred shall have acquired, in one or a series of related transactions, equity securities of the Company representing
more than fifty percent 50% of the outstanding voting securities of the Company), the Company, at its option, will have the right to
redeem all or a portion of the outstanding Series C Convertible Preferred in cash at a price per share of Series C Convertible Preferred
equal to 100 % of the Liquidation Preference.

 Voting
Rights. Holders of Series C Convertible Preferred are entitled to vote on all matters, together with the holders of common stock,
and have the equivalent of 32 votes for every Series C Conversion Share issuable upon conversion of such holder's
outstanding shares of Series C Convertible Preferred. However, the Series C Conversion Shares, when issued, will have all the same voting
rights as other issued and outstanding common stock of the Company, and none of the rights of the Series C Convertible Preferred.

 F- 17

 Liquidation.
Upon any liquidation, dissolution, or winding-up of the Company, whether voluntary or involuntary (a " Liquidation "),
the holders of Series C Convertible Preferred shall be entitled to receive out of the assets, whether capital or surplus, of the Company
an amount equal to the liquidation preference of the Series C Convertible Preferred before any distribution or payment shall be made
to the holders of any junior securities, and if the assets of the Company is insufficient to pay in full such amounts, then the entire
assets to be distributed to the holders of the Series C Convertible Preferred shall be ratably distributed among the holders in accordance
with the respective amounts that would be payable on such shares if all amounts payable thereon were paid in full.

 Certain
Price and Share Adjustments.

 ( a)
 Stock Dividends and Stock Splits. If the Company (i) pays a stock dividend or otherwise makes a distribution or distributions
payable in shares of common stock on shares of common stock or any other common stock equivalents; (ii) subdivides outstanding shares
of common stock into a larger number of shares; (iii) combines (including by way of a reverse stock split) outstanding shares of common
stock into a smaller number of shares; or (iv) issues, in the event of a reclassification of shares of the common stock, any shares of
capital stock of the Company, then the conversion price shall be adjusted accordingly.

 (b)
 Merger or Reorganization. If the Company is involved in any reorganization, recapitalization, reclassification, consolidation
or merger in which the Common Stock is converted into or exchanged for securities, cash or other property than each share of Series C
Convertible Preferred shall be convertible into the kind and amount of securities, cash or other property that a holder of the number
of shares of common stock issuable upon conversion of one share of Series C Convertible Preferred prior to any such merger or reorganization
would have been entitled to receive pursuant to such transaction.

and Preferred Stock Issuances – 2023

 In
April 2023, the Company issued 8,000,000
shares of common stock, warrants to purchase 2,665,000
shares of A Convertible Preferred, and warrants to purchase 8,000,000
shares of Series B Convertible Preferred, pursuant to our Offering Statement for our Regulation A+ Offering, for aggregate
proceeds of $ 640,000.
The Company sold the warrants to purchase shares of Series A Convertible Preferred and Series B Convertible Preferred for $ 10,665.

 In
October 2023, the Company issued 2,221,505
shares of common stock in a cashless exercise of warrants to purchase 2,132,000
shares of common stock.

 In
December 2023, the Company issued: (1) 500,000
shares of common stock in settlement of accounts payable of $ 28,450;
(2) 8,132,000
shares of common stock and 8,132,000
warrants pursuant to the Offering Statement for the Regulation A+ Offering for an aggregate total of $ 528,580;
(3) 2,499,000
shares of common stock in a cashless exercise of warrants to purchase 4,998,000 shares of common stock and issued new warrants to purchase 10,002,000 shares of common stock; and (4) issued 4,000,000
shares of common stock for 4,00,000
vested restricted stock units, for which the Company recognized a loss
of $ 151,184
on this exchange of vested restricted stock units for shares of common
stock.

and Preferred Stock Issuances - 2022

 In
March 2022, the Company issued 299,577 shares
of common stock in the cashless exercise of warrants to purchase 825,000 shares of common stock, and issued 76,250 shares
of common stock to its Chief Executive Officer for services rendered valued at $ 4,880.
In June 2022, there was a fractional adjustment recorded for 90 shares
of common stock.

 On
July 7, 2022, the Company sold 15,000,000
shares of common stock under the Regulation A+ Offering for cash proceeds of $ 1,200,000, and sold warrants to purchase 20,000,000
shares of common stock for cash proceeds of $ 20,000.

 In
September 2022, the Company issued 984,840
shares of common stock valued at $ 49,242
in settlement of accounts payable.

 F- 18

 NOTE
4: COMMON STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK UNITS

Stock Options

 The
Company recognizes in the financial statements compensation related to all stock-based awards, including stock options and warrants,
based on their estimated grant-date fair value. The Company has estimated expected forfeitures and is recognizing compensation expense
only for those awards expected to vest. All compensation is recognized by the time the award vests.

 The
following schedule summarizes the changes in the Company's stock options:

OF CHANGES IN STOCK OPTION

 Weighted

 Weighted

 Outstanding

 Average

 Average

 Number Of

 Exercise

 Price Per

 Share

 Remaining

 Contractual
 Life

 Aggregate

 Intrinsic
 Value

 Exercise

 Price Per
 Share

 at December 31, 2021

 $

 7.70
 years

 $
 83,992

 $
 0.04

 granted

 -

 $
 -

 -

 $
 -

 exercised

 -

 $
 -

 -

 $
 -

 expired/canceled

 -

 $
 -

 -

 $
 -

 at December 31, 2022

 $

 6.70
 years

 $
 16,032

 $
 0.04

 Exercisable
 at December 31, 2022

 $

 6.70
 years

 $
 16,032

 $
 0.04

 at December 31, 2022

 $

 6.70
 years

 $
 16,032

 $
 0.04

 granted

 -

 $
 -

 -

 $
 -

 exercised

 -

 $
 -

 -

 $
 -

 expired/canceled

 -

 $
 -

 -

 $
 -

 at December 31, 2023

 $

 5.70
 years

 $
 78,886

 $
 0.04

 Exercisable
 at December 31, 2023

 $

 5.70
 years

 $
 78,886

 $
 0.04

the years ended December 31, 2023 and 2022, the Company recognized $ 0 and $ 0, respectively, worth of stock based compensation related
to the vesting of it stock options.

 F- 19

Stock Warrants

 The
following schedule summarizes the changes in the Company's stock warrants:

OF CHANGES IN STOCK WARRANTS

 Warrants Outstanding

 Weighted

 Average

 Weighted

 Average

 Number Of

 Exercise

 Price

 Per Share

 Remaining

 Contractual

 Life

 Aggregate

 Intrinsic

 Value

 Exercise

 Price Per

 Share

 Balance at December 31, 2021

 31,862,500

 $ 0.04 - 0.10

 1.02 years

 $
 538,875

 $
 0.07

 Warrants granted

 20,000,000

 $ 0.01 – 0.08

 2.50

 $
 0.0725

 Warrants exercised

 ( 4,158,333
)

 $
 -

 -

 $

 Warrants expired/cancelled

 ( 20,966,667
)

 $
 -

 -

 $

 Balance at December 31, 2022

 26,737,500

 $ 0.08 - 0.10

 1.52 years

 $
 -

 $
 0.09

 Exercisable at December 31, 2022

 26,737,500

 $ 0.06 - 0.10

 1.52 years

 $
 -

 $
 0.09

 Warrants granted

 28,799,000

 $
 0.0827

 -

 -

 $
 -

 Warrants redeemed

 ( 500,000
)

 $
 -

 -

 -

 $
 -

 Warrants exercised

 ( 7,663,000
)

 $
 -

 -

 -

 $
 -

 Warrants exchanged

 ( 10,002,000
)

 $
 -

 -

 -

 $
 -

 Warrants expired/cancelled

 ( 11,237,500
)

 $
 -

 -

 -

 $
 -

 Balance at December 31, 2023

 26,134,000

 $ 0.06 - 0.10

 3.54 years

 $
 -

 $
 0.0827

 Exercisable at December 31, 2023

 26,134,000

 $ 0.06 - 0.10

 3.54 years

 $
 -

 $
 0.0827

 Changes
to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each option/warrant is estimated
using the Black-Scholes valuation model. In the years ended 2023 and 2022 all warrants issued were issued pursuant to the Regulation A+ Offering, and are included in equity. The following assumptions
were used for the periods as follows:

OF ASSUMPTIONS USED IN FAIR VALUE MEASUREMENT

 Year Ended

 Year Ended

 Expected term

 -

.5 – 3 years

 Expected volatility

 -
 %

 %

 Expected dividend yield

 -

 -

 Risk-free interest rate

 -
 %

 %

 In
April and December 2023, the Company sold warrants to purchase 18,797,000
shares of Common Stock in the Regulation A+ Offering for cash proceeds of $ 18,797.
In addition during the year ended December 31 2023: (1) warrants to purchase 10,002,000
shares of common stock were issued when the Company exchanged warrants to purchase 10,002,000
shares of common stock and issued 2,499,000
shares of common stock; (2) warrants to purchase 7,663,000
shares of common stock were exercised or expired; (3) warrants to purchase 11,237,500
shares of common stock expired; and (4) warrants to purchase 500,000
shares of common stock were redeemed.

 In
March 2022 the Company issued 299,577
shares of common stock in the cashless exercise of warrants to purchase 825,000
shares of common stock. In June 2022, warrants to purchase 1,000,000
shares of common stock expired.

 On
July 7, 2022, the Company sold 15,000,000
shares under the Regulation A+ Offering for $ 1,200,000
, and warrants to purchase 20,000,000
shares of common stock for $ 20,000.

 F- 20

 Restricted
Stock Units

 The
following schedule summarizes the changes in the Company's restricted stock units (" RSUs "):

OF CHANGES IN RESTRICTED STOCK UNITS

 Weighted Average

 Of

 Grant Date

 Fair Value

 Balance at December 31, 2021

 25,262,500

 $
 0.08

 RSU's granted

 100,000

 $
 0.082

 RSU's vested

 ( 15,100,000
)

 $
 -

 RSU's forfeited

 -

 $
 -

 Balance at December 31, 2022

 10,262,500

 $
 0.08

 RSUs forfeited

 ( 262,500
)

 RSUs granted

 6,900,000

 $
 0.068

 RSUs vested

 ( 15,450,000
)

 $
 -

 Balance at December 31, 2023

 1,450,000

 $
 0.09

the years ended December 31, 2023 and 2022, the Company recognized $ 1,239,950 and $ 1,389,700 worth of expense related to the vesting
of its RSU's. As of December 31, 2023, the Company had $ 131,950 worth of expense yet to be recognized for RSU's not yet vested.

 On
February 3, 2022 and May 3, 2022, 10,000,000 of the RSUs valued at $ 900,000 to the Chief Executive Officer vested. On June 1, 2022, 100,000 RSUs were granted
to a consultant valued at $ 8,200 that vested immediately.

 On
May 1, 2023, the Company granted 2,900,000
RSUs to consultants, with 25 %
of such RSUs vesting immediately, 25 %
vest on December 31, 2023, 25 %
vest on December 31, 2024 and the remaining 25 %
vest on December 31, 2025. These RSUs are valued at $ 263,900.

 On August 4, 2023, the Chief Executive Officer rescinded 1,012,500 of which 750,000 had vested in prior years, of his fully vested RSUs.

 In
December 2023, the Company granted 4,000,000 immediately vested RSUs to a consultant, for which the RSUs are valued at $ 208,000.

 NOTE
5: COMMITMENT

 On
June 4, 2019, the Company entered into an Executive Employment Agreement (" Employment Agreement ") with Dr. Michael
K. Korenko, the Company's Chief Executive Officer. The
employment term under the Employment Agreement commenced with an effective date of June 11, 2019 and expires on December 31, 2020, and
December 31 of each successive year if the Employment Agreement is extended, unless terminated earlier as set forth in the Employment
Agreement. The Company on December 31, 2020 extended this agreement through December 31, 2021 while renegotiating terms of a new Employment
Agreement. On May 3, 2021, the Company and the Chief Executive Officer agreed the terms of a new Employment Agreement with an effective
date of January 1, 2021 that has a term of three years and expired December 31, 2023. The Company renewed the Employment Agreement for
a term of two years expiring December 31, 2025.

 Under
the terms of the Employment Agreement effective January 1, 2024, the Company shall pay to Dr. Korenko a base compensation of $ 295,500.
In addition, there is a discretionary bonus to be earned in the amount of $ 10,000 per quarter upon the satisfaction of conditions to
be determined by the Board of Directors of the Company. In addition, the Company granted Dr. Korenko 20,000,000 restricted stock units
on January 1, 2024 that vest over the two year period.

 NOTE
6: INCOME TAXES

 Deferred
taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating
loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences
are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a
valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets
will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of
enactment.

 F- 21

 Net
deferred tax assets consist of the following components as of December 31, 2023 and 2022:

 SCHEDULE OF NET DEFERRED TAX ASSETS

 Deferred tax assets:

 Net operating loss carryover

 $
 6,840,000

 $
 6,500,000

 Capital Loss Carryover

 3,400

 3,400

 Valuation allowance

 ( 6,843,400
)

 ( 6,503,400
)

 Net deferred tax asset

 $
 -

 $
 -

 The
income tax provision differs from the amount of income tax determined by applying the U.S. Federal income tax rate to pretax income from
continuing operations for the years ended December 31, 2023 and 2022 due to the following:

 SCHEDULE OF FEDERAL INCOME TAX RATE

 Book income (loss)

 $
 ( 607,900
)

 $
 ( 518,700
)

 Forgiveness of debt

 -

 -

 Depreciation

 ( 1,100
)

 ( 1,100
)

 Related party accrual

 -

 -

 Stock for services

 260,400

 291,800

 Other non-deductible expense

 6,300

 10,500

 Valuation allowance

 342,300

 217,500

 Income tax expense

 $
 -

 $
 -

 At
December 31, 2023, the Company had net operating loss carryforwards of approximately $ 32,585,800.

 ASC Topic 740 – Income Taxes (" ASC 740 ") provides guidance on the accounting for uncertainty
in income taxes recognized in a company's financial statements. ASC 740 requires a company to determine whether it is more likely
than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not
threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. At the adoption
date of January 1, 2007, the Company had no unrecognized tax benefit, which would affect the effective tax rate if recognized.

 The
Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision
for income taxes. As of December 31, 2023, the Company had no accrued interest or penalties related to uncertain tax positions.

 The
Company files income tax returns in the U.S. federal jurisdiction. The Company is located in the state of Washington and Washington state
does not require the filing of income taxes. With few exceptions, the Company is no longer subject to U.S. federal, state and local,
or non-U.S. income tax examinations by tax authorities for years before 2017.

 NOTE
7: SUBSEQUENT EVENTS

 From
January 1, 2024 through the date of filing, the Company issued 2,000,000
shares of common stock and warrants to purchase 2,000,000
shares of common stock pursuant to the Regulation A+ Offering for cash proceeds of $ 128,000.

 The Chief Executive Officer entered into the Employment Agreement with
the Company for two years and received 20,000,000 RSUs that vest over the two year term of the Employment Agreement.

 F- 22