Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

The losses were significant because:

1) KBLB altered their timeline for metric ton production from Q1 to Q4, 2023;

2) Thompson indicated new silkworms would be needed to reach production goals.

A 5% loss would have only necessitated raising a few more eggs. The same is likely true of a 10% or even 20% loss. Just grow a few more silkworms and the plan can go forward.

A 50% loss looks a little different. Not so easy to make up that shortfall with more eggs. A 95% shortfall almost certainly entails a pivot to a new strain of silkworms.

We know the loss was significant because it caused KBLB to change their plans. That is what I mean by ‘significant.’