Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< I couldn’t find specific information on the number of employees on the payroll at KBLB in this form, but I may have overlooked it. >>

For some reason, KBLB doesn't report employee numbers in quarterly reports (10-Qs).

***** HAS KBLB INCREASED FULL-TIME STAFF? *****

In short - NO

There have been lots of rumors and innuendo that KBLB has been increasing full-time staff (and therefore commercial production must be close), but in actuality that is very far from the truth.

Here are the full-time staffing numbers since 2019 (when KBLB first started to post them):

2019 Annual 10-K (posted Mar 2020): 9 full-time
2020 Annual 10-K (posted Mar 2021): 8 full-time
2021 Annual 10-K (posted Mar 2022): 8 full-time
2022 Annual 10-K (posted Mar 2023): 6 full-time
1 Sep 2023 S-1/A #14 filing: 7 full-time
11 Sep 2023 424B3 filing: 7 full-time

Anyone can see that there are actually less full-time staff now than there were 3 1/2 years ago (when they started reporting those numbers). Back at the end of 2019, they had 9 full-time staff. As of the most recent filings, there are only 7 full-time staff.

So KBLB has actually lost 2 full-time staffers (who probably quit) over the years.

DON'T BELIEVE THE HYPE