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I-Glow

02/07/23 4:02 PM

#63757 RE: holter49 #63751

From the Balance Sheet the company is insolvent. NPHC is unable to pay debts owed.

Deitsch has started using toxic funding to maintain his lifestyle which is another act of fraud

"Current operations are primarily being funded through a combination of product sales and convertible notes. During the nine months ended September 30, 2022, we raised $710,000 through the issuance of convertible notes and $251,340 through the issuance of a promissory notes."

"We carry certain of our debentures and common stock warrants at fair value. Due to the fact that the number of shares of common stock issuable could exceed the Company’s authorized share limit, the equity environment is tainted, and all additional convertible debt, options and warrants are included in the value of the derivative liabilities. For the nine months ended September 30, 2022 and 2021, the liability related to these hybrid instruments fluctuated, resulting in a gain of $6,569,581 and a loss of $12,824,783, respectively."

IG