Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

Other key notes from the 10K:

Once we achieve larger scale production, we plan to ship Dragon Silk yarn to various commercial entities including SpydaSilk Enterprises in Singapore, a joint venture partially owned by the Company for weaving into fabrics and finished garments.

"Various commercial entities including..." was added. Uh-oh! And they took out "some of this" in front of Dragon Silk yarn. It's the "little" things that count! BAM!!!

Management continues to stockpile critical inventories and establish alternative supply and vendor chains as a precaution against future pandemics, disasters, or governmental actions.

Covid lessons learned and applied "just in case" future situations occur.

AND...

OH NO! THE HORROR!!!>>>DEBT CANCELLATION!!!???<<<

March 26, 2024, the Company issued one share of Series A preferred stock to Mr. Kim Thompson, the Company’s CEO, and founder for $20,000, in the form of debt cancellation by Mr. Thompson.