Bioelectronics Corp (BIEL)

[srinsocal]

KT's Initial order for the Wave was December 2020

<<<<<<<< When will KT Tape restock? Are they going to buy another $900k worth of product when they couldn't sell the initial stock in 15 months? >>>>>>>>

12/21/2020 - 3,770 cartons, 18 pallets, 9,554 lbs , BOL#ZIMUHKG83124564

This initial order was followed 4 months later by a Reorder that was 14% larger than the initial order,

4/25/2021 - 4,332 cartons, 20 pallets, 11,384 lbs, BOL#00LU2661696645

The second Reorder followed 2 months later.

6/28/2021 - 2,848 cartons, 14 pallets, 7,790 lbs, BOL#00LU2665591762

This is all factual information from US Customs records but it does not account for all of BIEL's Sales.

Q3 2021 had $414k in Sales but there are no US Customs records showing BIEL shipments arriving during Q3 . So our US Customs information confirms 3 shipments to KT but does not account for any of BIEL's Revenue in Q3 2021.

Possible reasons include:

BIEL's Chinese manufacturer, CICD, shipped all orders direct to International customers

KT's manufacturer for its Tape products is also located in China, with the Supply Chain disruption causing shipping price increases 3x-10x normal KT may be integrating Wave product with Tape product to reduce shipping costs