Guided Therapeutics (GTHP) 10-Q 10 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 10, 2023
Cover [Abstract]
Entity Registrant Name	GUIDED THERAPEUTICS, INC.
Entity Central Index Key	0000924515
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		51,288,937
Document Quarterly Report	true
Entity File Number	000-22179
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	58-2029543
Entity Interactive Data Current	Yes
Entity Address Address Line 1	5835 Peachtree Corners East
Entity Address Address Line 2	Suite B
Entity Address City Or Town	Peachtree Corners
Entity Address State Or Province	GA
Entity Address Postal Zip Code	30092
Document Transition Report	false
City Area Code	770
Local Phone Number	242-8723

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 1,358	$ 2,313
Accounts receivable, net of allowance for doubtful accounts of $2 and $48 at June 30, 2023 and December 31, 2022, respectively	7	6
Inventory, net of reserves of $818 at June 30, 2023 and December 31, 2022	573	548
Other current assets	91	137
Total current assets	2,029	3,004
Non-Current Assets:
Property and equipment, net	36	42
Operating lease right-of-use asset, net of amortization	266	303
Other assets	17	17
Total non-current assets	319	362
TOTAL ASSETS	2,348	3,366
Current Liabilities:
Accounts payable	2,128	2,186
Accounts payable, related parties	29	39
Accrued liabilities	971	1,247
Deferred revenue	445	509
Current portion of lease liability	85	79
Current portion of long-term debt	0	17
Current portion of long-term debt, related parties	38	504
Short-term notes payable	0	57
Short-term notes payable, related parties	0	1
Short-term convertible debt	1,240	230
Total current liabilities	4,936	4,869
Long-Term Liabilities
Long-term lease liability	202	246
Derivative liability	0	5
Long-term convertible debt	0	1,046
Long-term debt, related parties	525	83
Total long-term liabilities	727	1,380
Total liabilities	5,663	6,249
STOCKHOLDERS DEFICIT:
Common stock, $.001 par value; 500,000 shares authorized, 51,011 and 48,596 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	3,438	3,437
Additional paid-in capital	140,291	138,090
Treasury stock at cost	(132)	(132)
Accumulated deficit	(149,932)	(147,359)
Total stockholders deficit	(3,315)	(2,883)
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	2,348	3,366
Series C Convertible Preferred Shares
STOCKHOLDERS DEFICIT:
Preferred stock, value	105	105
Series C1 Convertible Preferred Shares
STOCKHOLDERS DEFICIT:
Preferred stock, value	170	170
Series C2 Convertible Preferred Shares
STOCKHOLDERS DEFICIT:
Preferred stock, value	439	439
Series D Convertible Preferred Shares
STOCKHOLDERS DEFICIT:
Preferred stock, value	159	159
Series E Convertible Preferred Shares
STOCKHOLDERS DEFICIT:
Preferred stock, value	834	839
Series F Convertible Preferred Shares
STOCKHOLDERS DEFICIT:
Preferred stock, value	838	880
Series F-2 Convertible Preferred Shares
STOCKHOLDERS DEFICIT:
Preferred stock, value	$ 475	$ 489

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Accounts receivable, net of allowance	$ 2,000	$ 48,000
Inventory, net of reserves	$ 818,000	$ 818,000
STOCKHOLDERS' DEFICIT:
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	51,011,000	48,596,000
Common stock, outstanding	51,011,000	48,596,000
Series D Convertible Preferred Shares
STOCKHOLDERS' DEFICIT:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	6,000	6,000
Preferred stock, liquidation preference	$ 438,000	$ 438,000
Preferred stock, issued	400	400
Preferred stock, outstanding	400	400
Series E Convertible Preferred Shares
STOCKHOLDERS' DEFICIT:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	5,000	5,000
Preferred stock, liquidation preference	$ 883,000	$ 888,000
Preferred stock, issued	900	900
Preferred stock, outstanding	900	900
Series F Convertible Preferred Shares
STOCKHOLDERS' DEFICIT:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	1,500	1,500
Preferred stock, liquidation preference	$ 1,006,000	$ 1,056,000
Preferred stock, issued	1,000	1,100
Preferred stock, outstanding	1,000	1,100
Series F-2 Convertible Preferred Shares
STOCKHOLDERS' DEFICIT:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	5,000	5,000
Preferred stock, liquidation preference	$ 520,000	$ 535,000
Preferred stock, issued	500	500
Preferred stock, outstanding	500	500
Series C Convertible Preferred Shares
STOCKHOLDERS' DEFICIT:
Preferred stock, par value	$ 0.001	$ 0.001
Series C-1 Convertible Preferred Shares
STOCKHOLDERS' DEFICIT:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	20,300	20,300
Preferred stock, liquidation preference	$ 1,049,000	$ 1,049,000
Preferred stock, issued	1,000	1,000
Preferred stock, outstanding	1,000	1,000
Series C-2 Convertible Preferred Shares
STOCKHOLDERS' DEFICIT:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, liquidation preference	$ 2,700,000	$ 2,700,000
Preferred stock, issued	2,700	2,700
Preferred stock, outstanding	2,700	2,700
Series C Convertible Preferred Shares
STOCKHOLDERS' DEFICIT:
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	9,000	300
Preferred stock, liquidation preference	$ 286,000	$ 286,000
Preferred stock, issued	300	300
Preferred stock, outstanding	300	300

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Sales - devices and disposables	$ 44	$ 5	$ 66	$ 10
Cost of goods sold	33	1	42	2
Gross profit	11	4	24	8
Operating expenses:
Research and development	66	9	73	31
Sales and marketing	61	37	134	77
General and administrative	1,389	675	2,166	1,062
Total operating expenses	1,516	721	2,373	1,170
Loss from operations	(1,505)	(717)	(2,349)	(1,162)
Other income (expenses):
Interest expense	(69)	(256)	(134)	(357)
Change in fair value of derivative liability	0	14	5	8
Gain from extinguishment of debt	17	34	52	75
Other income (expenses)	0	1	0	4
Total other income (expense)	(52)	(209)	(77)	(270)
Loss before income taxes	(1,557)	(926)	(2,426)	(1,432)
Provision for income taxes	0	0	0	0
Net loss	(1,557)	(926)	(2,426)	(1,432)
Deemed dividend for warrant exchanges	0	0	(65)	0
Preferred stock dividends	(47)	(81)	(82)	(629)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (1,604)	$ (1,007)	$ (2,573)	$ (2,061)
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
Basic	$ (0.03)	$ (0.04)	$ (0.05)	$ (0.09)
Diluted	$ (0.03)	$ (0.04)	$ (0.05)	$ (0.09)
Weighted average shares outstanding
Basic	50,970	26,337	50,138	23,526
Diluted	50,970	26,337	50,138	23,526

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock Series C [Member]	Preferred Stock Series C1 [Member]	Preferred Stock Series C2 [Member]	Preferred Stock Series D [Member]	Preferred Stock Series E [Member]	Preferred Stock Series F [Member]	Preferred Stock Series F-2 [Member]	Common Stock [Member]	Additional Paid-In Capital	Treasury Stock [Member]	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2021			1,000	3,000	1,000	2,000	1,000	3,000	13,674,000
Balance, amount at Dec. 31, 2021	$ (5,445)	$ 105	$ 170	$ 531	$ 276	$ 1,639	$ 1,187	$ 2,963	$ 3,403	$ 126,800	$ (132)	$ (142,387)
Common stock warrants exercised, shares									5,128,000
Common stock warrants exercised, amount	846								$ 5	841	0	0
Issuance of common stock for payment of Series D preferred dividends, shares									48,000
Issuance of common stock for payment of Series D preferred dividends, amount	29								$ 0	29	0	0
Common stock warrants exercised		0	0	0	0	0	0	0
Issuance of common stock for payment of Series E preferred dividends, shares									64,000
Issuance of common stock for payment of Series E preferred dividends, amount	34								$ 0	34	0	0
Issuance of common stock for payment of Series D preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of Series F preferred dividends, shares									161,000
Issuance of common stock for payment of Series F preferred dividends, amount	107								$ 0	107	0	0
Issuance of common stock for payment of Series E preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of Series F-2 preferred dividends, shares									114,000
Issuance of common stock for payment of Series F-2 preferred dividends, amount	75								$ 0	75	0	0
Issuance of common stock for payment of Series F preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of interest, shares									121,000
Issuance of common stock for payment of interest, amount	81								$ 0	81	0	0
Issuance of common stock for payment of Series F-2 preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for Series F and Series F-2 one-time 15% dividends, shares									624,000
Issuance of common stock for Series F and Series F-2 one-time 15% dividends, amount	400								$ 1	399	0	0
Conversion of Series D preferred stock to common stock, shares									975,000
Issuance of common stock for payment of interest		0	0	0	0	$ 0	0	0
Conversion of Series D preferred stock to common stock, amount	1								$ 1	117	0	0
Conversion of Series E preferred stock to common stock, shares						(1,000)			3,390,000
Conversion of Series E preferred stock to common stock, amount	0					$ (800)	0	0	$ 3	797	0	0
Issuance of common stock for Series F and Series F-2 one-time 15% dividends		0	0	0	0	0	0	0
Conversion of Series F preferred stock to common stock, shares									1,420,000
Conversion of Series F preferred stock to common stock, amount	0								$ 1	294	0	0
Conversion of Series D preferred stock to common stock		0	0	0	(117)	0	0	0
Conversion of Series F-2 preferred stock to common stock, shares									1,864,000
Conversion of Series F-2 preferred stock to common stock, amount	0								$ 2	425	0	0
Stock-based compensation	167	0	0	0	0	0	0	0	0	167	0	0
Conversion of Series F preferred stock to common stock		0	0	0	0	0	(295)	0
Accrued preferred dividends	(629)	0	0	0	0	0	0	0	0	0	0	(629)
Net loss	(1,432)	0	0	0	0	0	0	0	$ 0	0	0	(1,432)
Conversion of Series F-2 preferred stock to common stock		0	0	0	0	$ 0	$ 0	$ (427)
Conversion of Series E preferred stock to common stock		0	$ 0	$ 0	$ 0
Balance, shares at Jun. 30, 2022			1,000	3,000	1,000	1,000	1,000	3,000	27,583,000
Balance, amount at Jun. 30, 2022	(5,766)	105	$ 170	$ 531	$ 159	$ 839	$ 892	$ 2,536	$ 3,416	130,166	(132)	(144,448)
Balance, shares at Mar. 31, 2022			1,000	3,000	1,000	1,000	1,000	3,000	22,315,000
Balance, amount at Mar. 31, 2022	(4,988)	105	$ 170	$ 531	$ 276	$ 914	$ 1,174	$ 2,963	$ 3,411	129,041	(132)	(143,441)
Common stock warrants exercised, shares									650,000
Common stock warrants exercised, amount	130								$ 1	129	0	0
Issuance of common stock for payment of Series D preferred dividends, shares									25,000
Issuance of common stock for payment of Series D preferred dividends, amount	13								$ 0	13	0	0
Common stock warrants exercised		0	0	0	0	0	0	0
Issuance of common stock for payment of Series E preferred dividends, shares									51,000
Issuance of common stock for payment of Series E preferred dividends, amount	26								$ 0	26	0	0
Issuance of common stock for payment of Series D preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of Series F preferred dividends, shares									4,000
Issuance of common stock for payment of Series F preferred dividends, amount	2								$ 0	2	0	0
Issuance of common stock for payment of Series E preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of Series F-2 preferred dividends, shares									19,000
Issuance of common stock for payment of Series F-2 preferred dividends, amount	12								$ 0	12	0	0
Issuance of common stock for payment of Series F preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of Series F-2 preferred dividends		0	0	0	0	0	0	0
Conversion of Series D preferred stock to common stock, shares									975,000
Conversion of Series D preferred stock to common stock, amount	1								$ 1	117	0	0
Conversion of Series E preferred stock to common stock, shares									320,000
Conversion of Series E preferred stock to common stock, amount	0								$ 0	75	0	0
Conversion of Series F preferred stock to common stock, shares									1,360,000
Conversion of Series F preferred stock to common stock, amount	1								$ 1	282	0	0
Conversion of Series D preferred stock to common stock		0	0	0	(117)	0	0	0
Conversion of Series F-2 preferred stock to common stock, shares									1,864,000
Conversion of Series F-2 preferred stock to common stock, amount	0								$ 2	425	0	0
Stock-based compensation	44	0	0	0	0	0	0	0	0	44	0	0
Conversion of Series F preferred stock to common stock		0	0	0	0	0	(282)	0
Accrued preferred dividends	(81)	0	0	0	0	0	0	0	0	0	0	(81)
Net loss	(926)	0	0	0	0	0	0	0	$ 0	0	0	(926)
Conversion of Series F-2 preferred stock to common stock		0	0	0	0	0	0	(427)
Conversion of Series E preferred stock to common stock		0	$ 0	$ 0	$ 0	$ (75)	$ 0	$ 0
Balance, shares at Jun. 30, 2022			1,000	3,000	1,000	1,000	1,000	3,000	27,583,000
Balance, amount at Jun. 30, 2022	$ (5,766)	105	$ 170	$ 531	$ 159	$ 839	$ 892	$ 2,536	$ 3,416	130,166	(132)	(144,448)
Balance, shares at Dec. 31, 2022	48,595,715		1,000	2,000	1,000	1,000	1,000	3,000	48,596,000
Balance, amount at Dec. 31, 2022	$ (2,883)	105	$ 170	$ 439	$ 159	$ 839	$ 880	$ 489	$ 3,437	138,090	(132)	(147,359)
Common stock warrants exercised, shares									1,120,000
Common stock warrants exercised, amount	231								$ 1	230	0	0
Issuance of common stock for payment of Series D preferred dividends, shares									59,000
Issuance of common stock for payment of Series D preferred dividends, amount	14								$ 0	14	0	0
Common stock warrants exercised		0	0	0	0	0	0	0
Issuance of common stock for payment of Series E preferred dividends, shares									26,000
Issuance of common stock for payment of Series E preferred dividends, amount	8								$ 0	8	0	0
Issuance of common stock for payment of Series D preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of Series F preferred dividends, shares									233,000
Issuance of common stock for payment of Series F preferred dividends, amount	53								$ 0	53	0	0
Issuance of common stock for payment of Series E preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of Series F-2 preferred dividends, shares									121,000
Issuance of common stock for payment of Series F-2 preferred dividends, amount	29								$ 0	29	0	0
Issuance of common stock for payment of Series F preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of interest, shares									178,000
Issuance of common stock for payment of interest, amount	59								$ 0	59	0	0
Issuance of common stock for payment of Series F-2 preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of interest		0	0	0	0	0	0	0
Conversion of Series E preferred stock to common stock, shares									20,000
Conversion of Series E preferred stock to common stock, amount	0								$ 0	5	0	0
Conversion of Series F preferred stock to common stock, shares									200,000
Conversion of Series F preferred stock to common stock, amount	0								$ 0	42	0	0
Conversion of Series F-2 preferred stock to common stock, shares									60,000
Conversion of Series F-2 preferred stock to common stock, amount	0								$ 0	14	0	0
Stock-based compensation		0	0	0	0	0	0	0
Conversion of Series F preferred stock to common stock		0	0	0	0	0	(42)	0
Accrued preferred dividends	(83)	0	0	0	0	0	0	0	0	(1)	0	(82)
Net loss	(2,426)	0	0	0	0	0	0	0	$ 0	0	0	(2,426)
Conversion of Series F-2 preferred stock to common stock		0	0	0	0	0	0	(14)
Conversion of Series E preferred stock to common stock		0	0	0	0	(5)	0	0
Stock-based compensation, shares									400,000
Stock-based compensation, amount	1,683								$ 0	1,683	0	0
Impact of warrant exchanges	0	0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	65	0	(65)
Balance, shares at Jun. 30, 2023			1,000	2,000	1,000	1,000	1,000	3,000	51,011,000
Balance, amount at Jun. 30, 2023	(3,315)	105	$ 170	$ 439	$ 159	$ 834	$ 838	$ 475	$ 3,438	140,291	(132)	(149,932)
Balance, shares at Mar. 31, 2023			1,000	2,000	1,000	1,000	1,000	3,000	50,814,000
Balance, amount at Mar. 31, 2023	(2,855)	105	$ 170	$ 439	$ 159	$ 834	$ 858	$ 475	$ 3,438	139,127	(132)	(148,328)
Common stock warrants exercised, shares									48,000
Common stock warrants exercised, amount	9								$ 0	9	0	0
Issuance of common stock for payment of Series D preferred dividends, shares									33,000
Issuance of common stock for payment of Series D preferred dividends, amount	8								$ 0	8	0	0
Common stock warrants exercised		0	0	0	0	0	0	0
Issuance of common stock for payment of Series D preferred dividends		0	0	0	0	0	0	0
Issuance of common stock for payment of Series F-2 preferred dividends, shares									36,000
Issuance of common stock for payment of Series F-2 preferred dividends, amount	9								$ 0	9	0	0
Issuance of common stock for payment of Series F-2 preferred dividends		0	0	0	0	0	0	0
Conversion of Series F preferred stock to common stock, shares									80,000
Conversion of Series F preferred stock to common stock, amount	0								$ 0	20	0	0
Stock-based compensation	1,119	0	0	0	0	0	0	0	0	1,119	0	0
Conversion of Series F preferred stock to common stock		0	0	0	0	0	(20)	0
Accrued preferred dividends	(48)	0	0	0	0	0	0	0	0	(1)	0	(47)
Net loss	(1,557)	0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	0	0	(1,557)
Balance, shares at Jun. 30, 2023			1,000	2,000	1,000	1,000	1,000	3,000	51,011,000
Balance, amount at Jun. 30, 2023	$ (3,315)	$ 105	$ 170	$ 439	$ 159	$ 834	$ 838	$ 475	$ 3,438	$ 140,291	$ (132)	$ (149,932)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,426)	$ (1,432)
Adjustments to reconcile net loss to net cash used in operating activities:
Bad debt expense	2	0
Depreciation	5	0
Amortization of debt issuance costs and discounts	65	78
Stock based compensation	1,683	167
Change in fair value of derivatives	(5)	(8)
Amortization of lease right-of-use-asset	37	33
Gain from forgiveness of debt	(52)	(75)
Other non-cash expenses (income)	11	157
Change in operating assets and liabilities:
Accounts receivable	(3)	16
Inventory	(25)	2
Other current assets	46	317
Accounts payable and accrued liabilities	(173)	74
Lease liabilities	(38)	(32)
Deferred revenue	(64)	175
NET CASH USED IN OPERATING ACTIVITIES	(937)	(528)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	0	(31)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from warrant exercises	195	495
Payments made on notes payable	(213)	(133)
NET CASH PROVIDED BY FINANCING ACTIVITIES	(18)	362
NET CHANGE IN CASH	(955)	(197)
Cash at beginning of period	2,313	643
CASH AT END OF PERIOD	1,358	446
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:
Cash paid for interest	47	14
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:
Dividends on preferred stock	82	629
Deemed dividends for warrant exchanges	65	0
Settlement of interest through common stock issuance	59	81
Settlement of dividends through common stock issuance	105	646
Conversion of Series D preferred shares into common stock	0	118
Conversion of Series E preferred shares into common stock	5	800
Conversion of Series F preferred shares into common stock	42	296
Conversion of Series F-2 preferred shares into common stock	$ 14	$ 426

ORGANIZATION BACKGROUND AND BAS

ORGANIZATION BACKGROUND AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2023
ORGANIZATION BACKGROUND AND BASIS OF PRESENTATION
ORGANIZATION, BACKGROUND, AND BASIS OF PRESENTATION	1. ORGANIZATION, BACKGROUND, AND BASIS OF PRESENTATION Guided Therapeutics, Inc. (formerly SpectRx, Inc.), together with its wholly owned subsidiary, InterScan, Inc. (formerly Guided Therapeutics, Inc.), collectively referred to herein as the “Company”, is a medical technology company focused on developing innovative medical devices that have the potential to improve healthcare. The Company’s primary focus is the continued commercialization of its LuViva non-invasive cervical cancer detection device and extension of its cancer detection technology into other cancers, including esophageal. The Company’s technology, including products in research and development, primarily relates to biophotonics technology for the non-invasive detection of cancers. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) pursuant to Section 13 or 15(d) under the Securities Exchange Act of 1934. The December 31, 2022 balances reported herein are derived from the audited consolidated financial statements for the year ended December 31, 2022. The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for the full year. All intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the Company as of June 30, 2023 and December 31, 2022, and the consolidated results of operations and cash flows for the three and six-month periods ended June 30, 2023 and 2022 have been included. The Company’s prospects must be considered in light of the substantial risks, expenses and difficulties encountered by entrants into the medical device industry. This industry is characterized by an increasing number of participants, intense competition and a high failure rate. The Company has experienced net losses since its inception and, as of June 30, 2023, it had an accumulated deficit of approximately $149.9 million. To date, the Company has engaged primarily in research and development efforts and the early stages of marketing its products. The Company may not be successful in growing sales for its products. Moreover, required regulatory clearances or approvals may not be obtained in a timely manner, or at all. The Company’s products may not ever gain market acceptance and the Company may not ever generate significant revenues or achieve profitability. The development and commercialization of the Company’s products requires substantial development, regulatory, sales and marketing, manufacturing and other expenditures. The Company expects operating losses to continue for the foreseeable future as it continues to expend substantial resources to complete development of its products, obtain regulatory clearances or approvals, build its marketing, sales, manufacturing and finance capabilities, and conduct further research and development. The Company is not organized into multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment. The Company’s principal decision maker is the Chief Executive Officer and acting Chief Financial Officer. Management believes that its business operates as one reportable segment because: a) the Company measures profit and loss as a whole; b) the principal decision maker does not review information based on any operating segment; c) the Company does not maintain discrete financial information on any specific segment; d) the Company has not chosen to organize its business around different products and services, and e) the Company has not chosen to organize its business around geographic areas. Going Concern The Company’s consolidated financial statements have been prepared and presented on a basis assuming it will continue as a going concern. The factors below raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary from the outcome of this uncertainty. At June 30, 2023, the Company had a negative working capital of approximately $2.9 million, accumulated deficit of $149.9 million, and incurred a net loss including preferred dividends of $2.6 million for the six months then ended. Stockholders’ deficit totaled approximately $3.3 million at June 30, 2023, primarily due to recurring net losses from operations. During the six months ended June 30, 2023, the Company raised $194,750 from warrant exercises. During the year ended December 31, 2022, the Company raised $3.2 million from the sale of common stock and warrants (net of expenses), and $531,878 of proceeds from warrant exercises. The Company will need to continue to raise capital in order to provide funding for its operations and FDA approval process. If sufficient capital cannot be raised, the Company will continue its plans of curtailing operations by reducing discretionary spending and staffing levels and attempting to operate by only pursuing activities for which it has external financial support. However, there can be no assurance that such external financial support will be sufficient to maintain even limited operations or that the Company will be able to raise additional funds on acceptable terms, or at all. In such a case, the Company might be required to enter into unfavorable agreements or, if that is not possible, be unable to continue operations, and to the extent practicable, liquidate and/or file for bankruptcy protection.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	2. SIGNIFICANT ACCOUNTING POLICIES Use of Estimates Accounting Standard Updates A variety of proposed or otherwise potential accounting standards are currently under consideration by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, management has not yet determined the effect, if any, that the implementation of such proposed standards would have on the Company’s consolidated financial statements. Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be a cash equivalent. Accounts Receivable The Company performs periodic credit evaluations of its customers’ financial conditions and generally does not require collateral. The Company reviews all outstanding accounts receivable for collectability on a quarterly basis. An allowance for doubtful accounts is recorded for any amounts deemed uncollectable. Uncollectibility is determined based on the determination that a customer will not be able to make payment and the time frame has exceeded one year. The Company does not accrue interest receivables on past due accounts receivable. Concentrations of Credit Risk The Company maintains a cash balance in a financial institution that is insured by the Federal Deposit Insurance Corporation up to certain federal limitations. At times, the Company’s cash balance exceeds these federal limitations. The amount in excess of insured limitations was approximately $1,109,929 and $2,064,772 as of June 30, 2023 and December 31, 2022, respectively. Inventory Valuation All inventories are stated at the lower of cost or net realizable value, with cost determined substantially on a “first-in, first-out” basis. Selling, general, and administrative expenses are not inventoried, but are charged to expense when incurred. Inventories consisted of the following as of June 30, 2023 and December 31, 2022: (in thousands) June 30, December 31, 2023 2022 Raw materials $ 1,295 $ 1,260 Work-in-progress 58 68 Finished goods 38 38 Inventory reserve (818 ) (818 ) Total inventory $ 573 $ 548 The company periodically reviews the value of items in inventory and provides write-downs or write-offs of inventory based on its assessment of market conditions. Write-downs and write-offs are charged to cost of goods sold. Property and Equipment Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over estimated useful lives of three to seven years. Depreciation and amortization expense are included in general and administrative expense on the statement of operations. Expenditures for repairs and maintenance are expensed as incurred. Property and equipment consisted of the following as of June 30, 2023 and December 31, 2022: (in thousands) June 30, December 31, 2023 2022 Equipment $ 1,083 $ 1,083 Software 656 656 Furniture and fixtures 41 41 Leasehold improvements 12 12 Subtotal 1,792 1,792 Less accumulated depreciation (1,756 ) (1,750 ) Property, equipment and leasehold improvements, net $ 36 $ 42 Depreciation expense related to property and equipment for the three and six months ended June 30, 2023 and 2022 was not material. Debt Issuance Costs Debt issuance costs are capitalized and amortized over the term of the associated debt. Debt issuance costs are presented in the balance sheet as a direct deduction from the carrying amount of the debt liability consistent with the debt discount. Patent Costs (Principally Legal Fees) Costs incurred in filing, prosecuting, and maintaining patents are recurring, and expensed as incurred. Maintaining patents are expensed as incurred as the Company has not yet received U.S. FDA approval and recovery of these costs is uncertain. Such costs were not material for the three and six months ended June 30, 2023 and 2022. Leases A lease provides the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and operating lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The Company determines if an arrangement is a lease at inception. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Where an operating lease contains extension options that the Company is reasonably certain to exercise, the extension period is included in the calculation of the right-of-use assets and lease liabilities. The discount rate used to determine the commencement date present value of lease payments is the interest rate implicit in the lease, or when that is not readily determinable, the Company utilizes its secured borrowing rate. Right-of-use assets include any lease payments required to be made prior to commencement and exclude lease incentives. Both right-of-use assets and lease liabilities exclude variable payments not based on an index or rate, which are treated as period costs. The Company’s lease agreements do not contain significant residual value guarantees, restrictions or covenants. See Note 7 – “ Commitments and Contingencies.” Accrued Liabilities Accrued liabilities as of June 30, 2023 and December 31, 2022 are summarized as follows: (in thousands) June 30, 2023 December 31, 2022 Compensation $ 366 $ 444 Professional fees 226 285 Stock subscription payable - 36 Interest 131 189 Vacation 30 41 Preferred dividends 210 231 Other accrued expenses 8 21 Total $ 971 $ 1,247 Stock Subscription Payable Cash received from investors for shares of common stock that have not yet been issued is recorded as a liability, which is presented within Accrued Liabilities on the condensed consolidated balance sheet. Revenue Recognition ASC 606, Revenue from Contracts with Customers, establishes a single and comprehensive framework which sets out how much revenue is to be recognized, and when. The core principle is that a vendor should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the vendor expects to be entitled in exchange for those goods or services. Revenue will now be recognized by a vendor when control over the goods or services is transferred to the customer. The application of the core principle in ASC 606 is carried out in five steps: · Step 1 – Identify the contract with a customer: a contract is defined as an agreement (including oral and implied), between two or more parties, that creates enforceable rights and obligations and sets out the criteria for each of those rights and obligations. The contract needs to have commercial substance and it is probable that the entity will collect the consideration to which it will be entitled. · Step 2 – Identify the performance obligations in the contract: a performance obligation in a contract is a promise (including implicit) to transfer a good or service to the customer. Each performance obligation should be capable of being distinct and is separately identifiable in the contract. · Step 3 – Determine the transaction price: transaction price is the amount of consideration that the entity can be entitled to, in exchange for transferring the promised goods and services to a customer, excluding amounts collected on behalf of third parties. · Step 4 – Allocate the transaction price to the performance obligations in the contract: for a contract that has more than one performance obligation, the entity will allocate the transaction price to each performance obligation separately, in exchange for satisfying each performance obligation. The acceptable methods of allocating the transaction price include adjusted market assessment approach, expected cost plus a margin approach, and the residual approach in limited circumstances. Discounts given should be allocated proportionately to all performance obligations unless certain criteria are met and reallocation of changes in standalone selling prices after inception is not permitted. · Step 5 – Recognize revenue as and when the entity satisfies a performance obligation: the entity should recognize revenue at a point in time, except if it meets any of the three criteria, which will require recognition of revenue over time: the entity’s performance creates or enhances an asset controlled by the customer, the customer simultaneously receives and consumes the benefit of the entity’s performance as the entity performs, and the entity does not create an asset that has an alternative use to the entity and the entity has the right to be paid for performance to date. The Company did not recognize material revenues during the six-month periods ended June 30, 2023 or 2022. The Company’s revenues do not require significant estimates or judgments. The Company is not party to contracts that include multiple performance obligations or material variable consideration. Contract Balances The Company defers payments received as revenue until earned based on the related contracts and applying ASC 606 as required. As of June 30, 2023 and December 31, 2022, deferred revenue was approximately $445,444 and $509,101, respectively. Significant Customers As of June 30, 2023, accounts receivable outstanding was approximately $8,942, the outstanding amount was netted against a $1,500 allowance, leaving a balance of $7,442 which was from two customers. As of December 31, 2022, accounts receivable outstanding was $54,484; the outstanding amount was netted against a $48,172 allowance, leaving a balance of $6,312, which was from one customer. Research and Development Research and development expenses consist of expenditures for research conducted by the Company and payments made under contracts with consultants or other outside parties and costs associated with internal and contracted clinical trials. All research and development costs are expensed as incurred. Income Taxes The provision for income taxes is determined in accordance with ASC 740, “ Income Taxes The Company has filed for an extension for its 2022 federal and state corporate tax returns. Although the Company has been experiencing recurring losses, it is obligated to file tax returns for compliance with IRS regulations and that of applicable state jurisdictions. At June 30, 2023, the Company had approximately $65.6 million of net operating losses carryforward available. This net operating loss will be eligible to be carried forward for tax purposes at federal and applicable states level. A full valuation allowance has been recorded for the deferred tax assets generated from the net operating losses. The Company recognizes uncertain tax positions based on a benefit recognition model. Provided that the tax position is deemed more likely than not of being sustained, the Company recognizes the largest amount of tax benefit that is greater than 50% likely of being ultimately realized upon settlement. The tax position is derecognized when it is no longer more likely than not of being sustained. The Company classifies income tax related interest and penalties as interest expense and selling, general and administrative expense, respectively, on the consolidated statements of operations. Warrants Stock Based Compensation The Company accounts for its stock-based awards in accordance with ASC Subtopic 718, “ Compensation – Stock Compensation The Black-Scholes option pricing model requires the input of certain assumptions that require the Company’s judgment, including the expected term and the expected stock price volatility of the underlying stock. The assumptions used in calculating the fair value of stock-based compensation represent management’s best estimates, but these estimates involve inherent uncertainties and the application of judgment. As a result, if factors change resulting in the use of different assumptions, stock-based compensation expense could be materially different in the future. During the six months ended June 30, 2023, the Company recognized $206,306 of expense related to stock options, $116,000 of expense for stock issued to consultants and $1,361,143 of expense for warrants issued to consultants and executives. During the six months ended June 30, 2022, the Company recognized $87,823 of expense related to stock options and $79,444 of expense for warrants issued to consultants. Derivatives The Company reviews the terms of convertible debt issued to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. When the equity or convertible debt instruments contain embedded derivative instruments that are to be bifurcated and accounted for as liabilities, the total proceeds received are first allocated to the fair value of all the bifurcated derivative instruments. The remaining proceeds, if any, are then allocated to the host instruments themselves, usually resulting in those instruments being recorded at a discount from their face value. The discount from the face value of the convertible debt, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to interest expense.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	3. FAIR VALUE OF FINANCIAL INSTRUMENTS The guidance for fair value measurements, ASC 820, Fair Value Measurements and Disclosures · Level 1–Quoted market prices in active markets for identical assets and liabilities; · Level 2–Inputs, other than level 1 inputs, either directly or indirectly observable; and · Level 3–Unobservable inputs developed using internal estimates and assumptions (there is little or no market date) which reflect those that market participants would use. The Company records its derivative activities at fair value. There was no movement of instruments between fair value hierarchy tiers during the six months ended June 30, 2023. Derivative liabilities measured on a recurring basis were not material as of June 30, 2023. The following tables present the fair value of derivative liabilities measured on a recurring basis as of December 31, 2022: Fair Value at December 31, 2022 (in thousands) Level 1 Level 2 Level 3 Total Derivative liability/bifurcated conversion option in connection with Auctus $326,016 loan on December 17, 2019 - - (5 ) (5 ) Total long-term liabilities at fair value $ - $ - $ (5 ) $ (5 ) The following is a summary of changes to Level 3 instruments during the six months ended June 30, 2023: (in thousands) Derivative Balance at December 31, 2022 $ (5 ) Change in fair value during the period 5 Balance at June 30, 2023 $ -

STOCKHOLDERS DEFICIT

STOCKHOLDERS DEFICIT	6 Months Ended
	Jun. 30, 2023
STOCKHOLDERS DEFICIT:
STOCKHOLDERS' DEFICIT	4. STOCKHOLDERS’ DEFICIT Common Stock The Company has authorized 500,000,000 shares of common stock with $0.001 par value. As of June 30, 2023 and December 31, 2022, 51,010,579 and 48,595,715 shares of common stock were issued and outstanding, respectively. During the six months ended June 30, 2023, the Company issued 2,414,864 shares of common stock, as summarized below: Number of Shares Common stock warrants exercised 1,119,294 Issuance of common stock for payment of Series D preferred dividends 58,328 Issuance of common stock for payment of Series E preferred dividends 25,729 Issuance of common stock for payment of Series F preferred dividends 233,308 Issuance of common stock for payment of Series F-2 preferred dividends 120,284 Issuance of common stock for payment of interest 177,921 Issuance of common stock to consultants 400,000 Conversion of Series E preferred stock to common stock 20,000 Conversion of Series F preferred stock to common stock 200,000 Conversion of Series F-2 preferred stock to common stock 60,000 Total common stock issued during the six months ended June 30, 2023 2,414,864 Summary table of common stock share transactions: Shares outstanding at December 31, 2022 48,595,715 Common shares issued during the six months ended June 30, 2023 2,414,864 Common shares outstanding at June 30, 2023 51,010,579 Preferred Stock The Company has authorized 5,000,000 shares of preferred stock with a $0.001 par value. The board of directors has the authority to issue these shares and to set dividends, voting and conversion rights, redemption provisions, liquidation preferences, and other rights and restrictions. Series C Convertible Preferred Stock The board designated 9,000 shares of preferred stock as Series C Convertible Preferred Stock, (the “Series C Preferred Stock”). Pursuant to the Series C certificate of designations, shares of Series C Preferred Stock are convertible into common stock by their holder at any time and may be mandatorily convertible upon the achievement of specified average trading prices for the Company’s common stock. At June 30, 2023 and December 31, 2022, there were 286 shares outstanding with a conversion price of $0.50 per share, such that each share of Series C Preferred Stock would convert into approximately 2,000 shares of the Company’s common stock; for a total of 572,000 shares of common stock, subject to customary adjustments, including for any accrued but unpaid dividends and pursuant to certain anti-dilution provisions, as set forth in the Series C certificate of designations. The conversion price will automatically adjust downward to 80% of the then-current market price of the Company’s common stock 15 trading days after any reverse stock split of the Company’s common stock, and 5 trading days after any conversions of the Company’s outstanding convertible debt. Holders of the Series C Preferred Stock are entitled to quarterly cumulative dividends at an annual rate of 12.0% until 42 months after the original issuance date (the “Dividend End Date”), payable in cash or, subject to certain conditions, the Company’s common stock. Unpaid accrued dividends were $120,120 as of June 30, 2023 and December 31, 2022. Upon conversion of the Series C Preferred Stock prior to the Dividend End Date, the Company will also pay to the converting holder a “make-whole payment” equal to the number of unpaid dividends through the Dividend End Date on the converted shares. At June 30, 2023 and December 31, 2022, the “make-whole payment” for a converted share of Series C Preferred Stock would convert to 200 shares of the Company’s common stock. The Series C Preferred Stock generally has no voting rights except as required by Delaware law. Upon the Company’s liquidation or sale to or merger with another corporation, each share will be entitled to a liquidation preference of $1,000, plus any accrued but unpaid dividends. Series C1 Convertible Preferred Stock The board designated 20,250 shares of preferred stock as Series C1 Preferred Stock, of which 1,049.25 shares were issued and outstanding at June 30, 2023 and December 31, 2022. In addition, some holders separately agreed to exchange each share of the Series C1 Preferred Stock held for one (1) share of the Company’s newly created Series C2 Preferred Stock. In total, for 3,262.25 shares of Series C1 Preferred Stock to be surrendered, the Company issued 3,262.25 shares of Series C2 Preferred Stock. The Series C1 Preferred Stock has terms that are substantially the same as the Series C Preferred Stock, except that the Series C1 Preferred Stock does not pay dividends (unless and to the extent declared on the common stock) or at-the-market “make-whole payments” and, while it has the same anti-dilution protections afforded the Series C Preferred Stock, it does not automatically reset in connection with a reverse stock split or conversion of our outstanding convertible debt. At June 30, 2023 and December 31, 2022, there were 1,049.25 shares outstanding with a conversion price of $0.50 per share, such that each share of Series C1 Preferred Stock would convert into approximately 2,000 shares of the Company’s common stock, for a total of 2,098,500 shares of common stock. Series C2 Convertible Preferred Stock On August 31, 2018, the Company entered into agreements with certain holders of the Company’s Series C1 Preferred Stock, including the chairman of the Company’s board of directors, and the Chief Operating Officer and a director of the Company pursuant to which those holders separately agreed to exchange each share of the Series C1 Preferred Stock held for one (1) share of the Company’s newly created Series C2 Preferred Stock. In total, for 3,262.25 shares of Series C1 Preferred Stock to be surrendered, the Company issued 3,262.25 shares of Series C2 Preferred Stock. The terms of the Series C2 Preferred Stock are substantially the same as the Series C1 Preferred Stock, except that (i) shares of Series C1 Preferred Stock may not be convertible into the Company’s common stock by their holder for a period of 180 days following the date of the filing of the Certificate of Designation (the “Lock-Up Period”); (ii) the Series C2 Preferred Stock has the right to vote as a single class with the Company’s common stock on an as-converted basis, notwithstanding the Lock-Up Period; and (iii) the Series C2 Preferred Stock will automatically convert into that number of securities sold in the next Qualified Financing (as defined in the Exchange Agreement) determined by dividing the stated value ($1,000 per share) of such share of Series C2 Preferred Stock by the purchase price of the securities sold in the Qualified Financing. At June 30, 2023 and December 31, 2022, there were 2,700 shares outstanding, each with a conversion price of $0.50 per share, such that each share of Series C preferred stock would convert into approximately 2,000 shares of the Company’s common stock, for a total of 5,400,000 shares of common stock. Series D Convertible Preferred Stock The Board designated 6,000 shares of preferred stock as Series D Preferred Stock, 438 of which remained outstanding as of June 30, 2023 and December 31, 2022. On January 8, 2021, the Company entered into a Stock Purchase Agreement with certain accredited investors (“the Series D Investors”) pursuant to all obligations under the Series D Certificate of Designation. The Series D Investors included the Chief Executive Officer, Chief Operating Officer and a director of the Company. In total, for $763,000 the Company issued 763 shares of Series D Preferred Stock, 1,526,000 shares of common stock, 1,526,000 common stock warrants, exercisable at $0.25, and 1,526,000 common stock warrants, exercisable at $0.75. Each Series D Preferred Stock is convertible into 3,000 shares of common stock. The Series D Preferred Stock have cumulative dividends at the rate per share of 10% per annum. Each share of Series D Preferred Stock has a par value of $0.001 per share and a stated value equal to $750. Each share of Series D Preferred is convertible, at any time for a period of 5 years after issuance, into that number of shares of Common Stock, determined by dividing the Stated Value by $0.25, subject to certain adjustments set forth in the Series D Certificate of Designation (the “Series D Conversion Price”). The conversion of Series D Preferred is subject to a 4.99% beneficial ownership limitation, which may be increased to 9.99% at the election of the holder of the Series D Preferred. If the average of the VWAPs (as defined in the Series D Certificate of Designation) for any consecutive 5 trading day period (“Measurement Period”) exceeds 200% of the then Series D Conversion Price and the average daily trading volume of the Common Stock on the primary trading market exceeds 1,000 shares per trading day during the Measurement Period (subject to adjustments), the Company may redeem the then outstanding Series D Preferred, for cash in an amount equal to aggregate stated value then outstanding plus accrued but unpaid dividends. During the six months ended June 30, 2023, the Company issued 58,328 shares of common stock for payment of Series D Preferred Stock dividends. As of June 30, 2023 and December 31, 2022, the Company had accrued dividends of $8,360 and $8,213, for the Series D Preferred Stock, respectively. Series E Convertible Preferred Stock The Board designated 5,000 shares of preferred stock as Series E Preferred Stock, 883 and 888 of which remained outstanding as of June 30, 2023 and December 31, 2022, respectively. Each share of Series E Preferred is convertible, at any time for a period of 5 years after issuance, into that number of shares of Common Stock, determined by dividing the Stated Value by $0.25, subject to certain adjustments set forth in the Series E Certificate of Designation (the “Series E Conversion Price”). The conversion of Series E Preferred is subject to a 4.99% beneficial ownership limitation, which may be increased to 9.99% at the election of the holder of the Series E Preferred. If the average of the VWAPs (as defined in the Series E Certificate of Designation) for any consecutive 5 trading day period (“Measurement Period”) exceeds 200% of the then Series E Conversion Price and the average daily trading volume of the Common Stock on the primary trading market exceeds 1,000 shares per trading day during the Measurement Period (subject to adjustments), the Company may redeem the then outstanding Series E Preferred, for cash in an amount equal to aggregate Stated Value then outstanding plus accrued but unpaid dividends. Each share of Series E Preferred Stock has a par value of $0.001 per share and a stated value equal to $1,000, subject to the increase set forth in its Certificate of Designation. Each holder of Series E Preferred Stock is entitled to receive cumulative dividends of 8% per annum, payable annually in cash or, at the option of the Company, shares of common stock. During the six months ended June 30, 2023, the Company issued 20,000 shares of common stock for the conversion of 5 shares of Series E Convertible Preferred Stock and 25,729 shares of common stock for payment of Series E Preferred Stock dividends. As of June 30, 2023 and December 31, 2022, the Company had accrued dividends of $57,592 and $30,414 for the Series E Preferred Stock, respectively. Series F Convertible Preferred Stock The Board designated 1,500 shares of preferred stock as Series F Preferred Stock, 1,006 and 1,056 of which were issued and outstanding as of June 30, 2023 and December 31, 2022, respectively. During 2021, the Company entered into a Stock Purchase Agreement with certain accredited investors. In total, for $1,436,000 the Company issued 1,436 shares of Series F Convertible Preferred Stock. Each Series F Preferred share is convertible into 4,000 shares of common stock. The Series F Convertible Preferred Stock is entitled to cumulative dividends at the rate per share of 6% per annum. The stated value on the Series F Convertible Preferred Stock is $1,000. Each share of Series F Preferred Stock is convertible, at any time for a period of 5 years after issuance, into that number of shares of Common Stock, determined by dividing the Stated Value by $0.25, subject to certain adjustments set forth in the Series F Certificate of Designation (the “Series F Conversion Price”). The conversion of Series F Preferred Stock is subject to a 4.99% beneficial ownership limitation, which may be increased to 9.99% at the election of the holder. If the average of the VWAPs (as defined in the Series F Certificate of Designation) for any consecutive 5 trading day period (“Measurement Period”) exceeds 200% of the then Series F Conversion Price and the average daily trading volume of the Common Stock on the primary trading market exceeds 1,000 shares per trading day during the Measurement Period (subject to adjustments), the Company may redeem the then outstanding Series F Preferred, for cash in an amount equal to aggregate stated value then outstanding plus accrued but unpaid dividends. During the six months ended June 30, 2023, the Company issued 200,000 shares of common stock for the conversion of 50 shares of Series F Convertible Preferred Stock and 233,308 shares of common stock for payment of annual Series F Convertible Preferred Stock dividends. As of June 30, 2023 and December 31, 2022, the Company had accrued dividends of $15,928 and $48,400 for the Series F Convertible Preferred Stock, respectively. Series F-2 Convertible Preferred Stock The Company was oversubscribed for its Series F Preferred Stock, resulting in the requirement to file an additional Certificate of Designation for Series F-2 Preferred Stock with substantially the same terms as the Series F Preferred Stock. The Board designated 3,500 shares of preferred stock as Series F-2 Preferred Stock, 520 and 535 of which were issued and outstanding as of June 30, 2023 and December 31, 2022, respectively. During 2021, the Company entered into a Stock Purchase Agreement with certain accredited investors. In total, for $678,000 the Company issued 678 shares of Series F-2 Preferred Stock. In addition, the Company exchanged outstanding debt of $2,559,000 for 2,559 shares of Series F-2 Preferred Stock. Each Series F-2 Preferred share is convertible into 4,000 shares of common stock. The Series F-2 Preferred Stock will have cumulative dividends at the rate per share of 6% per annum. The stated value on the Series F-2 Preferred Stock is $1,000. Each share of Series F-2 Preferred Stock is convertible, at any time for a period of 5 years after issuance, into that number of shares of Common Stock, determined by dividing the Stated Value by $0.25, subject to certain adjustments set forth in the Series F-2 Certificate of Designation (the “Series F-2 Conversion Price”). The conversion of Series F-2 Preferred is subject to a 4.99% beneficial ownership limitation, which may be increased to 9.99% at the election of the holder. If the average of the VWAPs (as defined in the Series F-2 Certificate of Designation) for any consecutive 5 trading day period (“Measurement Period”) exceeds 200% of the then Series F-2 Conversion Price and the average daily trading volume of the Common Stock on the primary trading market exceeds 1,000 shares per trading day during the Measurement Period (subject to adjustments), the Company may redeem the then outstanding Series F-2 Preferred Stock, for cash in an amount equal to aggregate Stated Value then outstanding plus accrued but unpaid dividends. During the six months ended June 30, 2023, the Company issued 60,000 shares of common stock for the conversion of 15 shares of Series F-2 Preferred Stock and 120,284 shares of common stock for payment of annual Series F-2 Preferred Stock dividends. As of June 30, 2023 and December 31, 2022, the Company had accrued dividends of $7,979 and $24,267 for the Series F-2 Convertible Preferred Stock, respectively. Warrants The following table summarizes transactions involving the Company’s outstanding warrants to purchase common stock for the six months ended June 30, 2023: Warrants (Underlying Shares) Weighted-Average Exercise Price Per Share Outstanding, December 31, 2022 35,586,980 $ 0.46 Warrants issued 5,873,750 0.25 Warrants exchanged (1,025,000 ) 0.25 Warrants expired (9,478,200 ) 0.30 Warrants exercised (973,750 ) $ 0.20 Outstanding, June 30, 2023 29,983,780 $ 0.49 On May 14, 2023, the Compensation Committee of the Company’s Board of Directors approved the issuance of 4,000,000 common stock warrants to Mark Faupel, upon his appointment to the Company’s Board as President and Chief Executive Officer on March 10, 2023. The warrants, which have a strike price of $0.25, are fully vested and will expire on May 13, 2028. During the six months ended June 30, 2023, the Company recorded approximately $679,959 of stock-based compensation expense attributed to the warrants. On May 14, 2023, the Compensation Committee of the Company’s Board of Directors also approved the issuance of 4,000,000 common stock warrants to Mark Faupel, 2,500,000 of which will be vested upon receipt by the Corporation of an Approval Letter from the U.S. Food and Drug Administration for the LuViva Advanced Cervical Scan and 1,500,000 of which will be vested upon receipt by the Corporation of an Approval Letter or equivalent from the Chinese National Medical Products Administration for the LuViva Advanced Cervical Scan. The warrants, which have a strike price of $0.40, will expire five years after they are exercisable with a maximum term of 10 years from issuance. As of June 30, 2023, the Company has concluded it is not probable that the performance conditions related to the warrants will be achieved, and as a result no compensation expense related to the warrants has been recorded. During the six months ended June 30, 2023, the Company issued 900,000 warrants to Richard Blumberg, a related party, pursuant to a consulting agreement. See Note 7, “Commitments and Contingencies” During the six months ended June 30, 2023, the Company entered into various agreements with holders of the Company’s $0.20 strike price warrants, pursuant to which each holder separately agreed to exchange 1,025,000 common stock warrants with a strike price of $0.25 for 973,750 common stock warrants with a strike price of $0.20. During the six months ended June 30, 2023, the Company received approximately $194,750 from the holders for the exercise of the 973,750 warrants. The Company measured the effect of the exchange as the excess of fair value of the exchanged instruments over the fair value of the original instruments and recorded a deemed dividend of approximately $65,296. During the six months ended June 30, 2023, management estimated the fair value of the warrants issued utilizing the Black-Scholes Option Pricing model with the following weighted-average assumptions: June 30, 2023 Expected term (years) 3.9 Volatility 290.6 % Risk-free interest rate 3.7 % Dividend yield 0.0 %

STOCK OPTIONS

STOCK OPTIONS	6 Months Ended
	Jun. 30, 2023
STOCK OPTIONS
STOCK OPTIONS	5. STOCK OPTIONS The Company’s Stock Plan (the “Plan”) allows for the issuance of incentive stock options, nonqualified stock options, and stock purchase rights. The exercise price of options was determined by the Company’s board of directors, but incentive stock options were granted at an exercise price equal to the fair market value of the Company’s common stock as of the grant date. Options historically granted have generally become exercisable over four years and expire ten years from the date of grant. The plan provides for stock options to be granted up to 10% of the outstanding shares of common stock. On February 10, 2023, the Company granted 925,000 stock options to employees, executives and directors of the Company. The stock options, which have exercise prices of $0.2629, will expire on February 9, 2033. One fourth of the stock options vested immediately, while the remaining options will vest over a period of 33 months, beginning on May 10, 2023. On March 3, 2023, Dr. Gene Cartwright retired from his position as President and Chief Executive Officer of the Company and as a member of the Board. Upon his departure, Mr. Cartwright forfeited 186,364 unvested stock options. On May 2, 2023, the Company’s Board of Directors approved an extension of the expiration date of Mr. Cartwright’s vested options to June 1, 2025. Management measured the modified stock option award using the Black-Scholes option pricing model and recorded expense of $59,216 during the six months ended June 30, 2023, representing the excess fair value of the modified award over the original award. Management estimated the fair value of the modified award using the Black-Scholes option pricing model and the following assumptions: June 30, 2023 Expected term (years) 2.0 Volatility 182.8 % Risk-free interest rate 4.0 % Dividend yield 0.0 % On March 7, 2023, the Company granted 100,000 stock options, which have exercise prices of $0.27 and will expire on March 6, 2033, to Alan Grujic, upon appointing him to the Board of Directors. One fourth of the stock options vested immediately, while the remaining options will vest over a period of 33 months, beginning on June 7, 2023. During the six months ended June 30, 2023 and 2022, the Company recognized stock-based compensation expense for stock options of $206,306 and $87,823, respectively. There was no stock option activity during the six months ended June 30, 2022. The following table summarizes the Company’s stock option activity and related information for the six months ended June 30, 2023 and 2022: Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value of In-the-Money Options (in thousands) Options outstanding as of December 31, 2022 1,500,000 $ 0.49 7.5 years $ - Options granted 1,025,000 $ 0.26 Options forfeited (186,364 ) $ 0.31 Options outstanding as of June 30, 2023 2,338,636 $ 0.41 7.1 years $ - Options exercisable as of June 30, 2023 1,755,114 $ 0.45 6.2 years $ - Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value of In-the-Money Options (in thousands) Options outstanding as of June 30, 2022 1,500,000 $ 0.49 8.0 years $ - Options exercisable as of June 30, 2022 1,136,182 $ 0.49 8.0 years $ - The aggregate intrinsic value is calculated as the difference between the Company’s closing stock price as of June 30, 2023 and the exercise price, multiplied by the number of options. As of June 30, 2023, there was $153,924 of unrecognized stock-based compensation expense. Such costs are expected to be recognized over a weighted average period of approximately 2.75 years. The weighted-average fair value of awards granted was $0.26 and nil during the six months ended June 30, 2023 and 2022, respectively. The Company recognizes compensation expense for stock option awards on a straight-line basis over the applicable service period of the award. The service period is generally the vesting period. The Black-Scholes option pricing model and the following weighted-average assumptions were used to estimate the fair value of awards granted during the six months ended June 30, 2023: June 30, 2023 Expected term (years) 10.0 Volatility 366.4 % Risk-free interest rate 3.8 % Dividend yield 0.00

LITIGATION AND CLAIMS

LITIGATION AND CLAIMS	6 Months Ended
	Jun. 30, 2023
LITIGATION AND CLAIMS
LITIGATION AND CLAIMS	6. LITIGATION AND CLAIMS From time to time, the Company may be involved in various legal proceedings and claims arising in the ordinary course of business. Management believes that the dispositions of these matters, individually or in the aggregate, are not expected to have a material adverse effect on the Company’s financial condition. However, depending on the amount and timing of such disposition, an unfavorable resolution of some or all of these matters could materially affect the future results of operations or cash flows in a particular year. As of June 30, 2023, and December 31, 2022, there was no accrual recorded for any potential losses related to pending litigation.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	7. COMMITMENTS AND CONTINGENCIES Operating Leases The below table presents total operating lease right-of-use assets and lease liabilities as of June 30, 2023 and December 31, 2022: (in thousands) June 30, December 31 2023 2022 Operating lease right-of-use assets $ 266 $ 303 Operating lease liabilities $ 287 $ 325 The table below presents the maturities of operating lease liabilities as of June 30, 2023: (in thousands) Operating Lease Payments 2023 (remaining) 56 2024 115 2025 118 2026 50 Total future lease payments 339 Less: discount (52 ) Total lease liabilities $ 287 The table below presents the weighted-average remaining lease term and discount rate used in the calculation of operating lease right-of-use assets and lease liabilities as of June 30, 2023 and December 31, 2022 (in thousands) June 30, 2023 December 31, 2022 Weighted average remaining lease term (years) 2.9 3.4 Weighted average discount rate 11.4 % 11.4 % Related Party Contracts On June 5, 2016, the Company entered into a license agreement with Shenghuo Medical, LLC pursuant to which the Company granted Shenghuo an exclusive license to manufacture, sell and distribute LuViva in Taiwan, Brunei Darussalam, Cambodia, Laos, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Shenghuo was already the Company’s exclusive distributor in China, Macau and Hong Kong, and the license extended to manufacturing in those countries as well. Under the terms of the license agreement, once Shenghuo was capable of manufacturing LuViva in accordance with ISO 13485 for medical devices, Shenghuo would pay the Company a royalty equal to $2.00 or 20% of the distributor price (subject to a discount under certain circumstances), whichever is higher, per disposable distributed within Shenghuo’s exclusive territories. In connection with the license grant, Shenghuo was to underwrite the cost of securing approval of LuViva with Chinese Food and Drug Administration. At its option, Shenghuo also would provide up to $1.0 million in furtherance of the Company’s efforts to secure regulatory approval for LuViva from the U.S. Food and Drug Administration, in exchange for the right to receive payments equal to 2% of the Company’s future sales in the United States, up to an aggregate of $4.0 million. Pursuant to the license agreement, Shenghuo had the option to have a designee appointed to the Company’s board of directors (current director Richard Blumberg is the designee). On September 6, 2016, the Company entered into a royalty agreement with one of its directors, John Imhoff, and another stockholder, Dolores Maloof, pursuant to which the Company sold to them a royalty of future sales of single-use cervical guides for LuViva. Under the terms of the royalty agreement, and for consideration of $50,000, the Company will pay them an aggregate perpetual royalty initially equal to $0.10, and from and after October 2, 2016, equal to $0.20, for each disposable that the Company sells (or that is sold by a third party pursuant to a licensing arrangement with the Company). On January 22, 2020, the Company entered into a promotional agreement with a related party, which is partially owned by Mr. Blumberg, to provide investor and public relations services for a period of two years. As compensation for these services, the Company will issue a total of 5,000,000 warrants, broken into four tranches of 1,250,000. The warrants have a strike price of $0.25 and are subject to vesting based upon the close of the Series D offering and a minimum share price based on the 30-day VWAP. If the minimum share price per the terms of the agreement is not achieved, the warrants will expire three years after the issuance date. The warrants were valued using the Black Scholes model on the grant date of January 22, 2020. As a result of this agreement, the Company recognized nil and $79,444 of consulting expense during the six months ended June 30, 2023 and 2022, respectively. Unrecognized consulting expense to be recognized under this agreement was nil as of June 30, 2023. On March 10, 2021, the Company entered into a consulting agreement with Richard Blumberg. As a result of the consulting agreement Mr. Blumberg provided $350,000, which was recorded to subscription receivable, to the Company in exchange for the following: (1) on September 26, 2021, 900,000 3-year warrants with an exercise price of $0.30 and 400,000 common stock shares; (2) on March 26, 2022, 900,000 3-year warrants with an exercise price of $0.40 and 400,000 common stock shares; (3) on September 26, 2022, 900,000 3-year warrants with an exercise price of $0.50 and 400,000 common stock shares; and (4) on March 26, 2023, 900,000 3-year warrants with an exercise price of $0.60 and 400,000 common stock shares. On November 11, 2022, the Company and Mr. Blumberg entered into an amended agreement, upon which the exercise prices of the warrants were changed to $0.30. The Company estimated the fair value of the modified warrants using the Black-Scholes option pricing model and the following assumptions: Expected term (years) 3.0 Volatility 108.7 % Risk-free interest rate 4.3 % Dividend yield 0.0 % During the six months ended June 30, 2023 and 2022, the Company recognized $590,840 and nil expense for the warrants issued to Mr. Blumberg, respectively. Total unrecognized expense for the warrants was $149,677 as of June 30, 2022. During the six months ended June 30, 2023 and 2022, the Company recognized $111,833 and nil expense for the shares of common stock due to Mr. Blumberg. As the remaining shares had not been issued as of June 30, 2023, the Company estimated the total amount of expense using the closing price of the Company’s stock as of June 30, 2023. During the year ended December 31, 2021, the consulting agreement was amended to clarify that $350,000 is not intended to be debt and will not be required to be repaid in cash. The Company confirmed an obligation to provide Mr. Blumberg with 950,000 fully transferrable warrants, which will expire on January 1, 2024 and have an exercise price of $0.25. Issuance of the warrants owed to Mr. Blumberg for his services was predicated on the Company receiving funding receipts of $1,000,000, whether from a financing, series of financing, or gross sales. The amended agreement clarified that the warrants issued to Mr. Blumberg are compensation for services which involve investor relations, marketing services and assisting the Company with obtaining financing. During the year ended December 31, 2022, the Company obtained the requisite funding receipts and estimated the fair value of the warrants using the Black-Scholes option pricing model with the following assumptions: Expected term (years) 1.3 Volatility 164.6 % Risk-free interest rate 4.1 % Dividend yield 0.0 % During the six months ended June 30, 2023 and 2022, expense recorded for the warrants was nil. Unrecognized expense to be recognized for the warrants was nil as of June 30, 2023. On August 24, 2022, the Company entered into an agreement with Ironstone Capital Corp. and Alan Grujic (the “Advisory Group”) whereby the Advisory Group agreed to perform marketing and investor relations services over a term of twelve months, commencing on the closing of a financing of at least $2.5 million. In consideration for these services, the Company issued 800,000 warrants with an exercise price of $0.50 to Mr. Grujic, which were due within 10 business days of closing the financing transaction (the “Transaction”) that took place in September 2022. In the event the Company’s 20 trading day variable weighted average price (“VWAP”) exceeds $1.00 within one year of the closing of the financing, the Company will issue 600,000 warrants with an exercise price of $0.75 to Mr. Grujic. In the event the Company’s 20 trading day VWAP exceeds $1.50, the Company will issue an additional 600,000 warrants to Mr. Grujic. Once issued, the warrants vest immediately and will expire two years from the date of issuance. If the Company’s U.S. clinical study is not completed and filed with the U.S. FDA or if the Chinese NMPA (formerly Chinese FDA) approval is not granted by each due date for reaching each respective pricing milestone, then the due date for reaching each milestone shall be extended by six months. Pursuant to the agreement, the Company also agreed to pay the Advisory Group $2,000 per month for 12 months, starting the month after the closing of the Transaction. The Company estimated the fair value of the 800,000 warrants using the Black-Scholes option pricing model. Expense recorded for the warrants was nil during the six months ended June 30, 2023 and 2022. Unrecognized expense for the warrants was nil as of June 30, 2023. The Company estimated the fair value of the warrants with market conditions using the binomial option pricing model and recognized expense of $90,344 for the warrants (representing the pro rata expense over the expected term of the warrants) during the six months ended June 30, 2023. Unrecognized expense for the warrants was $91,978 as of June 30, 2023. Other Commitments On July 24, 2019, the Company agreed to grant Shandong Yaohua Medical Instrument Corporation (“SMI”) (1) exclusive manufacturing rights, excepting the disposable cervical guides for the Republic of Turkey, and the final assembly rights for Hungary, and (2) exclusive distribution and sales for LuViva in jurisdictions, subject to the terms and conditions described below. First, SMI shall complete the payment for parts, per the purchase order, for five additional LuViva devices. Second, in consideration for the $885,144 that the Company received, SMI will receive 12,147 shares of common stock. Third, SMI shall honor all existing purchase orders it has executed to date with the Company, in order to maintain jurisdiction sales and distribution rights. If SMI needs to purchase cervical guides, then it will do so at a cost including labor, plus ten percent markup. The Company will provide 200 cervical guides at no cost for the clinical trials. Fourth, the Company and SMI will make best efforts to sell devices after CFDA approval. With an initial estimate of year one sales of 200 LuViva devices; year two sales of 500 LuViva devices; year three sales of 1,000 LuViva devices; and year four sales of 1,250 LuViva devices. Fifth, SMI shall pay for entire costs of securing approval of LuViva with the Chinese FDA. Sixth, SMI shall arrange, at its sole cost, for a manufacturer in China to build tooling to support manufacturing. In addition, SMI retains the right to manufacture for China, Hong Kong, Macau and Taiwan, where SMI has distribution and sales rights. For each single-use cervical guide sold by SMI in the jurisdictions, SMI shall transfer funds to escrow agent at a rate of $1.90 per device chip. If within 18 months of the license’s effective date, SMI fails to achieve commercialization of LuViva in China, SMI shall no longer have any rights to manufacture, distribute or sell LuViva. Commercialization is defined as: filing an application with the Chinese FDA for the approval of LuViva; any assembly or manufacture of the devices or disposables that begins in China; and purchase of at least 10 devices and disposables for clinical evaluations and regulatory use and or sales in the jurisdictions. On August 12, 2021, the Company executed an amendment to its agreement with SMI. Under the terms of the amended agreement, the parties agreed that if by October 30, 2022, SMI fails to achieve commercialization of LuViva in China, SMI shall no longer have any rights to manufacture, distribute or sell LuViva. On March 3, 2023, the Company entered into a third amendment with SMI pursuant to which the Company extended the deadline for SMI to achieve commercialization of LuViva in China to April 30, 2024. Contingencies The current outbreak of the Coronavirus SARS-CoV-2, the pathogen responsible for COVID-19, which has already had an impact on financial markets, could result in additional repercussions to the Company’s operating business, including but not limited to, the sourcing of materials for product candidates, manufacture of supplies for preclinical and/or clinical studies, delays in clinical operations, which may include the availability or the continued availability of patients for trials due to such things as quarantines, conduct of patient monitoring and clinical trial data retrieval at investigational study sites. The future impact of the outbreak is highly uncertain and cannot be predicted, and the Company cannot provide any assurance that the outbreak will not have a material adverse impact on the Company’s operations or future results or filings with regulatory health authorities. The extent of the impact to the Company, if any, will depend on future developments, including actions taken to contain the coronavirus. The Russia-Ukraine conflict and the sanctions imposed in response to this crisis could result in repercussions to our operating business, including delays in obtaining regulatory approval to market our products in Russia. The future impact of the conflict is highly uncertain and cannot be predicted, and we cannot provide any assurance that the conflict will not have a material adverse impact on our operations or future results or filings with regulatory health authorities.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2023
NOTES PAYABLE
NOTES PAYABLE	8. NOTES PAYABLE Short Term Notes Payable On July 4, 2022, the Company entered into a premium finance agreement to finance its insurance policies totaling $123,889. Monthly payments of $11,409 are due on the note, including interest incurred at a rate of 5.0%. The note, which matured on May 4, 2023, had an outstanding balance of nil and $56,569 as of June 30, 2023 and December 31, 2022, respectively. During 2019, the Company issued promissory notes to Mr. Cartwright totaling $45,829. The notes were initially issued with 0% interest, however interest increased to 6.0% interest 90 days after the Company received $1,000,000 in financing proceeds. As of June 30, 2023, the notes have been repaid in full. The following table summarizes short-term notes payable, including related parties: Short-term notes payable, including related parties June 30, 2023 December 31, 2022 Dr. Cartwright $ - $ 1 Premium Finance (insurance) - 57 Short-term notes payable $ - $ 58 As of June 30, 2023 and December 31, 2022, the short-term note payable due to a related party was nil and $619, respectively.

AUCTUS CONVERTIBLE DEBT

AUCTUS CONVERTIBLE DEBT	6 Months Ended
	Jun. 30, 2023
AUCTUS CONVERTIBLE DEBT
AUCTUS CONVERTIBLE DEBT	9. CONVERTIBLE DEBT Auctus Convertible Note On December 17, 2019, the Company entered into a securities purchase agreement and convertible note with Auctus. The convertible note issued to Auctus was for a total of $2.4 million. The note may not have been prepaid in whole or in part except as otherwise explicitly allowed. Any amount of principal or interest on the note which was not paid when due shall bore interest at the rate of the lessor of 24% or the maximum permitted by law (the “default interest”). The variable conversion prices equaled the lesser of: (i) the lowest trading price on the issue date, and (ii) the variable conversion price. The variable conversion price was 95% multiplied by the market price (the market price means the average of the five lowest trading prices during the period beginning on the issue date and ending on the maturity date), minus $0.04 per share, provided however that in no event could the variable conversion price be less than $0.15. If an event of default under this note occurred and/or the note was not extinguished in its entirety prior to December 17, 2020, the $0.15 price floor no longer applied. On September 1, 2022, the Company agreed to exchange certain debt and equity owned by Auctus pursuant to an Exchange Agreement between the Company and Auctus (the “Exchange Agreement”). Immediately prior to the Exchange Agreement, Auctus held $1,228,183 of debt, including an early prepayment penalty of $350,000, default premiums of $281,256, and $91,555 in interest payable. Auctus agreed to reduce the amount owed to $710,911 and to revert the May 27, 2020 note to its original term. Additionally, Auctus agreed to exchange 8,775,000 warrants that were priced between $0.15 and $0.20 and the $350,000 prepayment penalty for 3,900,000 shares of common stock, warrants to purchase 3,900,000 shares of common stock at $0.50 per share and warrants to purchase 3,900,000 shares of common stock at $0.65 per share (the “Exchange”). As a result of the Exchange Agreement, Auctus forgave a default penalty of $225,444. Following the Exchange and Repayment, the Company will make payments to Auctus in four installments, over an 18-month period. The total balance of Auctus convertible debt outstanding was $224,528 and $326,016 as of June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023, the balance is included within “Short-term convertible debt” on the unaudited condensed consolidated balance sheet. As of December 31, 2022, $230,482 is included within “Short-term convertible debt” and $95,534 is included within “Long-term convertible debt” on the condensed consolidated balance sheet. 10% Senior Unsecured Convertible Debenture On May 17, 2021, the Company issued 10% Senior Unsecured convertible debentures to investors, which mature on May 17, 2024 (the “Maturity Date”). The Company subscribed $1,130,000 of the $1,000 convertible debentures. The terms of the debentures are as follows: 1) the principal amount of some or all of the convertible debentures and accrued interest are convertible into shares of common stock at the holder’s option, at a price of $0.50 per common stock share (the “conversion price”), subject to adjustment in certain events, at any time prior to maturity date; 2) upon successful uplist to a U.S. National Exchange, the note will automatically convert into the uplisting financing; 3) each debenture unit included 1,000 common stock warrants with an exercise price of $0.80 and an expiration date of May 17, 2023; 4) if a Change of Control (as defined in the Convertible Debenture Certificate) occurs prior to the Maturity Date, unless the holder elects in writing to convert the Convertible Debentures into shares of common stock, the Company will repay in cash upon the closing of such Change of Control all outstanding principal and accrued interest under each Convertible Debenture plus a Change of Control premium equal to an additional 3% of the outstanding principal sum under such Convertible Debenture. Prior to the closing of an Change of Control, in lieu of repayment as set forth in the preceding sentence, the holder has the right to elect in writing to convert, effective immediately prior to the effective date of such Change of Control, all outstanding principal and accrued Interest under the Convertible Debentures into shares of common stock at the Conversion Price; 5) Subject to a holder’s option of electing conversion prior to the Redemption Date (as such term is defined below), on or after the date that is 24 months from the Closing Date if the daily volume weighted average trading price of the shares of common stock is $1.50 per share of common stock or more for each trading day over a 30 consecutive trading day period, the Company may, at any time (the “Redemption Date”), at its option, redeem all, or any portion of the Convertible Debentures for either: (i) a cash payment (in the form of a certified cheque or bank draft) that is equal to all outstanding principal and accrued interest under each Convertible Debenture up to the Redemption Date; or (ii) by issuing and delivering shares of common stock to the holders of Convertible Debentures at a deemed price of $0.50 per share of common stock that is equal to all outstanding principal and accrued interest under each Convertible Debenture up to the Redemption Date, or any combination of (i) or (ii), upon not less than 30 days and not more than 60 days prior written notice in the manner provided in the Debenture Certificate, to the holder of Convertible Debentures. At June 30, 2023 and December 31, 2022, the balance due on the 10% Senior Secured Convertible Debenture was $1,130,000 and total accrued interest was $57,528 and $58,494, respectively. The bond payable discount and unamortized debt issuance costs as of June 30, 2023 and December 31, 2022 are presented below (in thousands): June 30, 2023 December 31, 2022 10% Senior Unsecured Convertible Debentures $ 1,130 $ 1,130 Debt Issuance costs to be amortized (26 ) (40 ) Debt Discount (89 ) (140 ) Senior Secured Convertible Debenture $ 1,015 $ 950 As of June 30, 2023, the balance of the Senior Secured Convertible Debenture is included in “Short-term convertible debt” within the unaudited condensed consolidated balance sheet. As of December 31, 2022, the balance of the Senior Secured Convertible Debenture is included in “Long-term convertible debt” within the condensed consolidated balance sheet.

LONG TERM DEBT

LONG TERM DEBT	6 Months Ended
	Jun. 30, 2023
LONG TERM DEBT
LONG-TERM DEBT	10. LONG-TERM DEBT Long-term Debt – Related Parties On July 14, 2018, the Company entered into an exchange agreement with Dr. Faupel, whereby Dr. Faupel agreed to exchange outstanding amounts due to him for loans, interest, bonus, salary and vacation pay in the amount of $660,895 for a $207,111 promissory note dated September 4, 2018. On July 20, 2018, the Company entered into an exchange agreement with Dr. Cartwright, whereby Dr. Cartwright agreed to exchange outstanding amounts due to him for loans, interest, bonus, salary and vacation pay in the amount of $1,621,499 for a $319,000 promissory note dated September 4, 2018 that incurs interest at a rate of 6% per annum. On July 24, 2019, Dr. Faupel and Mr. Cartwright agreed to an addendum to the debt restructuring exchange agreement. Pursuant to this modification Dr. Faupel and Mr. Cartwright agreed to extend the note to be due in full on the third anniversary of that agreement. On February 19, 2021, the Company entered into new promissory notes replacing the original notes from September 4, 2018, with Mark Faupel and Gene Cartwright. For Dr. Cartwright the principal amount on the new note was $267,085, matures on February 18, 2023, and will accrue interest at a rate of 6.0%. For Dr. Faupel the principal amount on the new note was $153,178, matures on February 18, 2023, and will accrue interest at a rate of 6.0%. The modifications extended the maturity date on both of the notes. On February 19, 2021, the Company exchanged $100,000 and $85,000 of long-term debt for Dr. Cartwright and Dr. Faupel in exchange for 100 and 85 shares of Series F-2 Preferred Stock, respectively. On February 18, 2023, the Company amended the terms of the promissory notes held by Mark Faupel and Gene Cartwright. Under the terms of the new agreements, the promissory notes will mature on February 18, 2025. The table below summarizes the outstanding balance of long-term debt owed to Dr. Faupel and Dr. Cartwright: For Dr. Faupel: Salary $ 134 Bonus 20 Vacation 95 Interest on compensation 67 Loans to Company 196 Interest on loans 149 Total outstanding prior to exchange 661 Amount forgiven in prior years (454 ) Amount exchanged for Series F-2 Preferred Stock (85 ) Total interest accrued through December 31, 2022 48 Balance outstanding at December 31, 2022 $ 170 Interest accrued through June 30, 2023 5 Balance outstanding at June 30, 2023 $ 175 For Dr. Cartwright Salary $ 337 Bonus 675 Loans to Company 528 Interest on loans 81 Total outstanding prior to exchange 1,621 Amount forgiven in prior years (1,302 ) Amount exchanged for Series F-2 Preferred Stock (100 ) Total interest accrued through December 31, 2022 78 Balance outstanding at December 31, 2022 $ 297 Payments on outstanding debt (19 ) Interest accrued through June 30, 2023 8 Balance outstanding at June 30, 2023 $ 286 On March 22, 2021, the Company entered into an exchange agreement with Richard Fowler. As of December 31, 2020, the Company owed Mr. Fowler $546,214 ($412,624 in deferred salary and $133,590 in accrued interest). The Company exchanged $50,000 of the amount owed of $546,214 for 50 shares of Series F-2 Preferred Stock (convertible into 200,000 shares of common stock), and a $150,000 unsecured note. The note accrues interest at the rate of 6% (18% in the event of default) beginning on March 22, 2022 and is payable in monthly installments of $3,580 for four years, with the first payment due on March 15, 2022. The effective interest rate of the note is 6.18%. During the six months ended June 30, 2023, Mr. Fowler forgave $35,171 of the outstanding balance of deferred compensation and, as of June 30, 2023, may forgive up to $163,439 of the remaining deferred compensation if the Company complies with the repayment plan described above. The reductions in the outstanding balance met the criteria for troubled debt. The basic criteria are that the borrower is troubled, i.e., they are having financial difficulties, and a concession is granted by the creditor. As of June 30, 2023, the outstanding principal amount owed on the note was $101,674, of which $37,943 is included in “Current portion of long-term debt, related parties” and the remainder is included in “Long-term debt, related parties” within the unaudited condensed consolidated balance sheets. As of December 31, 2022, the outstanding principal amount owed on the note was $119,814, of which $36,830 is included in “Current portion of long-term debt, related parties” and the remainder is included in “Long-term debt, related parties” within the condensed consolidated balance sheets. Future debt obligations at June 30, 2023 for debt owed to related parties is as follows: Year Amount (thousands) 2023 (remaining) 19 2024 39 2025 502 2026 3 Total $ 563 6% Unsecured Promissory Note On July 9, 2020, we entered into an exchange agreement with Mr. Bill Wells, a former employee. In lieu of agreeing to dismiss approximately half of what was owed to him, or $220,000, Mr. Wells received the following: (i) cash payment totaling $20,000; (ii) an unsecured promissory note in the amount of $90,000, to be executed within 30 days of completing new financing(s) totaling at least $3.0 million and (iii) 66,000 common stock options that vest at a rate of 3,667 per month and have a $0.49 exercise price (if two consecutive payments in (ii) are not made the stock options will be canceled and a cash payment will be required). Pursuant to the agreement, Mr. Wells agreed that the total amount forgiven of $110,000 shall be prorated according to the amount paid to him. During the year ended December 31, 2021, the Company closed a financing round that exceeded the $3.0 million threshold and issued an unsecured promissory note in the amount of $97,052 to Mr. Wells. The note, for which monthly installment payments of $5,000 are due, matures 18 months after the issuance date and incurs interest at a rate of 6.0% per annum. During the six months ended June 30, 2023 and 2022, the Company made principal payments of $17,052 and $50,000 to Mr. Wells, respectively. As a result of these payments, Mr. Wells forgave equivalent amounts of the remaining amount of compensation. The reductions in the outstanding balance met the criteria for troubled debt. The basic criteria are that the borrower is troubled, i.e., they are having financial difficulties, and a concession is granted by the creditor. As of June 30, 2023 and December 31, 2022, the outstanding principal balance on the note was nil and $17,052, respectively. As of December 31, 2022, the balance is included in “Current portion of long-term debt” within the condensed consolidated balance sheet. As of June 30, 2023 and December 31, 2022, accrued interest on the note was nil and $5,139, respectively.

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE	6 Months Ended
	Jun. 30, 2023
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
INCOME (LOSS) PER COMMON SHARE	11. INCOME (LOSS) PER SHARE OF COMMON STOCK Basic net income (loss) per share attributable to common stockholders, amounts are computed by dividing the net income (loss) plus preferred stock dividends and deemed dividends on preferred stock by the weighted average number of shares outstanding during the year. Diluted net income (loss) per share attributable to common stockholders amounts are computed by dividing the net income (loss) plus preferred stock dividends, deemed dividends on preferred stock, after-tax interest on convertible debt and convertible dividends by the weighted average number of shares outstanding during the year, plus (1) Series C, Series C1, Series C2, Series D, Series E, Series F and Series F-2 convertible preferred stock, convertible debt, (2) stock options and (3) warrants convertible into shares of common stock. The following table sets forth pertinent data relating to the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except for per-share data): June 30, 2023 2022 Net loss (2,573 ) (2,061 ) Basic weighted average number of shares outstanding 50,138 23,526 Net loss per share (basic) (0.05 ) (0.09 ) Diluted weighted average number of shares outstanding 50,138 23,526 Net loss per share (diluted) (0.05 ) (0.09 ) Dilutive equity instruments (number of equivalent units): Stock options - 960 Preferred stock - 12,151 Convertible debt 85 2,431 Warrants - 12,702 Total Dilutive instruments 85 28,244 During a period of net loss, basic and diluted earnings per share are the same as the assumed exercise of warrants and the conversion of convertible debt are anti-dilutive.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	12. SUBSEQUENT EVENTS On July 4, 2023, the Company entered into a premium finance agreement to finance its insurance policies totaling $129,073. Monthly payments of $12,041 are due on the note, including interest incurred at a rate of 7.9%. The note matures on May 4, 2024. On July 17, 2023, the Company issued 38,400 common shares for Series D Preferred dividends. On August 4, 2023, the Company issued 239,958 common shares for payment of interest.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant areas where estimates are used include the allowance for doubtful accounts, inventory valuation and input variables for Black-Scholes and binomial option pricing models. The Company uses the binomial option pricing model for the calculation of the fair value of embedded conversion options and freestanding warrants with market conditions.
Accounting Standards Update	A variety of proposed or otherwise potential accounting standards are currently under consideration by standard-setting organizations and certain regulatory agencies. Because of the tentative and preliminary nature of such proposed standards, management has not yet determined the effect, if any, that the implementation of such proposed standards would have on the Company’s consolidated financial statements.
Cash Equivalents	The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be a cash equivalent.
Accounts Receivable	The Company performs periodic credit evaluations of its customers’ financial conditions and generally does not require collateral. The Company reviews all outstanding accounts receivable for collectability on a quarterly basis. An allowance for doubtful accounts is recorded for any amounts deemed uncollectable. Uncollectibility is determined based on the determination that a customer will not be able to make payment and the time frame has exceeded one year. The Company does not accrue interest receivables on past due accounts receivable.
Concentrations of Credit Risk	The Company maintains a cash balance in a financial institution that is insured by the Federal Deposit Insurance Corporation up to certain federal limitations. At times, the Company’s cash balance exceeds these federal limitations. The amount in excess of insured limitations was approximately $1,109,929 and $2,064,772 as of June 30, 2023 and December 31, 2022, respectively.
Inventory Valuation	All inventories are stated at the lower of cost or net realizable value, with cost determined substantially on a “first-in, first-out” basis. Selling, general, and administrative expenses are not inventoried, but are charged to expense when incurred. Inventories consisted of the following as of June 30, 2023 and December 31, 2022: (in thousands) June 30, December 31, 2023 2022 Raw materials $ 1,295 $ 1,260 Work-in-progress 58 68 Finished goods 38 38 Inventory reserve (818 ) (818 ) Total inventory $ 573 $ 548 The company periodically reviews the value of items in inventory and provides write-downs or write-offs of inventory based on its assessment of market conditions. Write-downs and write-offs are charged to cost of goods sold.
Property and Equipment	Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over estimated useful lives of three to seven years. Depreciation and amortization expense are included in general and administrative expense on the statement of operations. Expenditures for repairs and maintenance are expensed as incurred. Property and equipment consisted of the following as of June 30, 2023 and December 31, 2022: (in thousands) June 30, December 31, 2023 2022 Equipment $ 1,083 $ 1,083 Software 656 656 Furniture and fixtures 41 41 Leasehold improvements 12 12 Subtotal 1,792 1,792 Less accumulated depreciation (1,756 ) (1,750 ) Property, equipment and leasehold improvements, net $ 36 $ 42 Depreciation expense related to property and equipment for the three and six months ended June 30, 2023 and 2022 was not material.
Debt Issuance Costs	Debt issuance costs are capitalized and amortized over the term of the associated debt. Debt issuance costs are presented in the balance sheet as a direct deduction from the carrying amount of the debt liability consistent with the debt discount.
Patent Costs (Principally Legal Fees)	Costs incurred in filing, prosecuting, and maintaining patents are recurring, and expensed as incurred. Maintaining patents are expensed as incurred as the Company has not yet received U.S. FDA approval and recovery of these costs is uncertain. Such costs were not material for the three and six months ended June 30, 2023 and 2022.
Leases	A lease provides the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and operating lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The Company determines if an arrangement is a lease at inception. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Where an operating lease contains extension options that the Company is reasonably certain to exercise, the extension period is included in the calculation of the right-of-use assets and lease liabilities. The discount rate used to determine the commencement date present value of lease payments is the interest rate implicit in the lease, or when that is not readily determinable, the Company utilizes its secured borrowing rate. Right-of-use assets include any lease payments required to be made prior to commencement and exclude lease incentives. Both right-of-use assets and lease liabilities exclude variable payments not based on an index or rate, which are treated as period costs. The Company’s lease agreements do not contain significant residual value guarantees, restrictions or covenants. See Note 7 – “ Commitments and Contingencies.”
Accrued Liabilities	Accrued liabilities as of June 30, 2023 and December 31, 2022 are summarized as follows: (in thousands) June 30, 2023 December 31, 2022 Compensation $ 366 $ 444 Professional fees 226 285 Stock subscription payable - 36 Interest 131 189 Vacation 30 41 Preferred dividends 210 231 Other accrued expenses 8 21 Total $ 971 $ 1,247
Stock Subscription Payable	Cash received from investors for shares of common stock that have not yet been issued is recorded as a liability, which is presented within Accrued Liabilities on the condensed consolidated balance sheet.
Revenue Recognition	ASC 606, Revenue from Contracts with Customers, establishes a single and comprehensive framework which sets out how much revenue is to be recognized, and when. The core principle is that a vendor should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the vendor expects to be entitled in exchange for those goods or services. Revenue will now be recognized by a vendor when control over the goods or services is transferred to the customer. The application of the core principle in ASC 606 is carried out in five steps: · Step 1 – Identify the contract with a customer: a contract is defined as an agreement (including oral and implied), between two or more parties, that creates enforceable rights and obligations and sets out the criteria for each of those rights and obligations. The contract needs to have commercial substance and it is probable that the entity will collect the consideration to which it will be entitled. · Step 2 – Identify the performance obligations in the contract: a performance obligation in a contract is a promise (including implicit) to transfer a good or service to the customer. Each performance obligation should be capable of being distinct and is separately identifiable in the contract. · Step 3 – Determine the transaction price: transaction price is the amount of consideration that the entity can be entitled to, in exchange for transferring the promised goods and services to a customer, excluding amounts collected on behalf of third parties. · Step 4 – Allocate the transaction price to the performance obligations in the contract: for a contract that has more than one performance obligation, the entity will allocate the transaction price to each performance obligation separately, in exchange for satisfying each performance obligation. The acceptable methods of allocating the transaction price include adjusted market assessment approach, expected cost plus a margin approach, and the residual approach in limited circumstances. Discounts given should be allocated proportionately to all performance obligations unless certain criteria are met and reallocation of changes in standalone selling prices after inception is not permitted. · Step 5 – Recognize revenue as and when the entity satisfies a performance obligation: the entity should recognize revenue at a point in time, except if it meets any of the three criteria, which will require recognition of revenue over time: the entity’s performance creates or enhances an asset controlled by the customer, the customer simultaneously receives and consumes the benefit of the entity’s performance as the entity performs, and the entity does not create an asset that has an alternative use to the entity and the entity has the right to be paid for performance to date. The Company did not recognize material revenues during the six-month periods ended June 30, 2023 or 2022. The Company’s revenues do not require significant estimates or judgments. The Company is not party to contracts that include multiple performance obligations or material variable consideration. Contract Balances The Company defers payments received as revenue until earned based on the related contracts and applying ASC 606 as required. As of June 30, 2023 and December 31, 2022, deferred revenue was approximately $445,444 and $509,101, respectively.
Significant Distributors	As of June 30, 2023, accounts receivable outstanding was approximately $8,942, the outstanding amount was netted against a $1,500 allowance, leaving a balance of $7,442 which was from two customers. As of December 31, 2022, accounts receivable outstanding was $54,484; the outstanding amount was netted against a $48,172 allowance, leaving a balance of $6,312, which was from one customer.
Research and Development	Research and development expenses consist of expenditures for research conducted by the Company and payments made under contracts with consultants or other outside parties and costs associated with internal and contracted clinical trials. All research and development costs are expensed as incurred.
Income Taxes	The provision for income taxes is determined in accordance with ASC 740, “ Income Taxes The Company has filed for an extension for its 2022 federal and state corporate tax returns. Although the Company has been experiencing recurring losses, it is obligated to file tax returns for compliance with IRS regulations and that of applicable state jurisdictions. At June 30, 2023, the Company had approximately $65.6 million of net operating losses carryforward available. This net operating loss will be eligible to be carried forward for tax purposes at federal and applicable states level. A full valuation allowance has been recorded for the deferred tax assets generated from the net operating losses. The Company recognizes uncertain tax positions based on a benefit recognition model. Provided that the tax position is deemed more likely than not of being sustained, the Company recognizes the largest amount of tax benefit that is greater than 50% likely of being ultimately realized upon settlement. The tax position is derecognized when it is no longer more likely than not of being sustained. The Company classifies income tax related interest and penalties as interest expense and selling, general and administrative expense, respectively, on the consolidated statements of operations.
Warrants	The Company has issued warrants, which allow the warrant holder to purchase one share of stock at a specified price for a specified period of time. The Company records equity instruments including warrants based on the fair value at the date of issue. The fair value of warrants classified as equity instruments at the date of issuance is estimated using the Black-Scholes or binomial option pricing models.
Stock Based Compensation	The Company accounts for its stock-based awards in accordance with ASC Subtopic 718, “ Compensation – Stock Compensation The Black-Scholes option pricing model requires the input of certain assumptions that require the Company’s judgment, including the expected term and the expected stock price volatility of the underlying stock. The assumptions used in calculating the fair value of stock-based compensation represent management’s best estimates, but these estimates involve inherent uncertainties and the application of judgment. As a result, if factors change resulting in the use of different assumptions, stock-based compensation expense could be materially different in the future. During the six months ended June 30, 2023, the Company recognized $206,306 of expense related to stock options, $116,000 of expense for stock issued to consultants and $1,361,143 of expense for warrants issued to consultants and executives. During the six months ended June 30, 2022, the Company recognized $87,823 of expense related to stock options and $79,444 of expense for warrants issued to consultants.
Derivatives	The Company reviews the terms of convertible debt issued to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. When the equity or convertible debt instruments contain embedded derivative instruments that are to be bifurcated and accounted for as liabilities, the total proceeds received are first allocated to the fair value of all the bifurcated derivative instruments. The remaining proceeds, if any, are then allocated to the host instruments themselves, usually resulting in those instruments being recorded at a discount from their face value. The discount from the face value of the convertible debt, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to interest expense.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
Inventory valuation	(in thousands) June 30, December 31, 2023 2022 Raw materials $ 1,295 $ 1,260 Work-in-progress 58 68 Finished goods 38 38 Inventory reserve (818 ) (818 ) Total inventory $ 573 $ 548
Property and equipment	(in thousands) June 30, December 31, 2023 2022 Equipment $ 1,083 $ 1,083 Software 656 656 Furniture and fixtures 41 41 Leasehold improvements 12 12 Subtotal 1,792 1,792 Less accumulated depreciation (1,756 ) (1,750 ) Property, equipment and leasehold improvements, net $ 36 $ 42
Accrued liabilities	(in thousands) June 30, 2023 December 31, 2022 Compensation $ 366 $ 444 Professional fees 226 285 Stock subscription payable - 36 Interest 131 189 Vacation 30 41 Preferred dividends 210 231 Other accrued expenses 8 21 Total $ 971 $ 1,247

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of fair value for liabilities measured on a recurring basis	Fair Value at December 31, 2022 (in thousands) Level 1 Level 2 Level 3 Total Derivative liability/bifurcated conversion option in connection with Auctus $326,016 loan on December 17, 2019 - - (5 ) (5 ) Total long-term liabilities at fair value $ - $ - $ (5 ) $ (5 )
Summary of changes to Level 3 instruments	(in thousands) Derivative Balance at December 31, 2022 $ (5 ) Change in fair value during the period 5 Balance at June 30, 2023 $ -

STOCKHOLDERS DEFICIT (Tables)

STOCKHOLDERS DEFICIT (Tables)	6 Months Ended
	Jun. 30, 2023
STOCKHOLDERS DEFICIT:
Common stock issued	Number of Shares Common stock warrants exercised 1,119,294 Issuance of common stock for payment of Series D preferred dividends 58,328 Issuance of common stock for payment of Series E preferred dividends 25,729 Issuance of common stock for payment of Series F preferred dividends 233,308 Issuance of common stock for payment of Series F-2 preferred dividends 120,284 Issuance of common stock for payment of interest 177,921 Issuance of common stock to consultants 400,000 Conversion of Series E preferred stock to common stock 20,000 Conversion of Series F preferred stock to common stock 200,000 Conversion of Series F-2 preferred stock to common stock 60,000 Total common stock issued during the six months ended June 30, 2023 2,414,864 Summary table of common stock share transactions: Shares outstanding at December 31, 2022 48,595,715 Common shares issued during the six months ended June 30, 2023 2,414,864 Common shares outstanding at June 30, 2023 51,010,579
Company's outstanding warrants to purchase common stock	Warrants (Underlying Shares) Weighted-Average Exercise Price Per Share Outstanding, December 31, 2022 35,586,980 $ 0.46 Warrants issued 5,873,750 0.25 Warrants exchanged (1,025,000 ) 0.25 Warrants expired (9,478,200 ) 0.30 Warrants exercised (973,750 ) $ 0.20 Outstanding, June 30, 2023 29,983,780 $ 0.49
Schedule of fair value warrants issued under Black-Scholes Option Pricing model	June 30, 2023 Expected term (years) 3.9 Volatility 290.6 % Risk-free interest rate 3.7 % Dividend yield 0.0 %

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	6 Months Ended
	Jun. 30, 2023
STOCK OPTIONS
Stock option activity	June 30, 2023 Expected term (years) 2.0 Volatility 182.8 % Risk-free interest rate 4.0 % Dividend yield 0.0 %
Stock options vested, unvested and granted	Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value of In-the-Money Options (in thousands) Options outstanding as of December 31, 2022 1,500,000 $ 0.49 7.5 years $ - Options granted 1,025,000 $ 0.26 Options forfeited (186,364 ) $ 0.31 Options outstanding as of June 30, 2023 2,338,636 $ 0.41 7.1 years $ - Options exercisable as of June 30, 2023 1,755,114 $ 0.45 6.2 years $ - Number of Shares Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value of In-the-Money Options (in thousands) Options outstanding as of June 30, 2022 1,500,000 $ 0.49 8.0 years $ - Options exercisable as of June 30, 2022 1,136,182 $ 0.49 8.0 years $ -
Schedule of stock option awards on a straight-line basis	June 30, 2023 Expected term (years) 10.0 Volatility 366.4 % Risk-free interest rate 3.8 % Dividend yield 0.00

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES
Operating lease right-of-use assets and lease liabilities	(in thousands) June 30, December 31 2023 2022 Operating lease right-of-use assets $ 266 $ 303 Operating lease liabilities $ 287 $ 325
Future minimum rental payment operating leases	(in thousands) Operating Lease Payments 2023 (remaining) 56 2024 115 2025 118 2026 50 Total future lease payments 339 Less: discount (52 ) Total lease liabilities $ 287
Weighted-average remaining lease term and discount rate	(in thousands) June 30, 2023 December 31, 2022 Weighted average remaining lease term (years) 2.9 3.4 Weighted average discount rate 11.4 % 11.4 %
Fair value of the warrants using the Black-Scholes option pricing model	Expected term (years) 3.0 Volatility 108.7 % Risk-free interest rate 4.3 % Dividend yield 0.0 % Expected term (years) 1.3 Volatility 164.6 % Risk-free interest rate 4.1 % Dividend yield 0.0 %

CONVERTIBLE DEBT (Tables)

CONVERTIBLE DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
AUCTUS CONVERTIBLE DEBT
Scheduled of unamortized debt issuance costs	June 30, 2023 December 31, 2022 10% Senior Unsecured Convertible Debentures $ 1,130 $ 1,130 Debt Issuance costs to be amortized (26 ) (40 ) Debt Discount (89 ) (140 ) Senior Secured Convertible Debenture $ 1,015 $ 950

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2023
NOTES PAYABLE
Short-term notes payable, including related parties	Short-term notes payable, including related parties June 30, 2023 December 31, 2022 Dr. Cartwright $ - $ 1 Premium Finance (insurance) - 57 Short-term notes payable $ - $ 58

LONG TERM DEBT (Tables)

LONG TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
LONG TERM DEBT
Long-term debt, related parties	For Dr. Faupel: Salary $ 134 Bonus 20 Vacation 95 Interest on compensation 67 Loans to Company 196 Interest on loans 149 Total outstanding prior to exchange 661 Amount forgiven in prior years (454 ) Amount exchanged for Series F-2 Preferred Stock (85 ) Total interest accrued through December 31, 2022 48 Balance outstanding at December 31, 2022 $ 170 Interest accrued through June 30, 2023 5 Balance outstanding at June 30, 2023 $ 175 For Dr. Cartwright Salary $ 337 Bonus 675 Loans to Company 528 Interest on loans 81 Total outstanding prior to exchange 1,621 Amount forgiven in prior years (1,302 ) Amount exchanged for Series F-2 Preferred Stock (100 ) Total interest accrued through December 31, 2022 78 Balance outstanding at December 31, 2022 $ 297 Payments on outstanding debt (19 ) Interest accrued through June 30, 2023 8 Balance outstanding at June 30, 2023 $ 286
Long-term debt, related parties debt obligations	Year Amount (thousands) 2023 (remaining) 19 2024 39 2025 502 2026 3 Total $ 563

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
Earnings per share	June 30, 2023 2022 Net loss (2,573 ) (2,061 ) Basic weighted average number of shares outstanding 50,138 23,526 Net loss per share (basic) (0.05 ) (0.09 ) Diluted weighted average number of shares outstanding 50,138 23,526 Net loss per share (diluted) (0.05 ) (0.09 ) Dilutive equity instruments (number of equivalent units): Stock options - 960 Preferred stock - 12,151 Convertible debt 85 2,431 Warrants - 12,702 Total Dilutive instruments 85 28,244

ORGANIZATION BACKGROUND AND B_2

ORGANIZATION BACKGROUND AND BASIS OF PRESENTATION (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
ORGANIZATION BACKGROUND AND BASIS OF PRESENTATION
Accumulated deficit	$ (149,900,000)
Total stockholders' deficits	(3,300,000)
Working capital	(2,900,000)
Net loss including preferred dividend	(2,600,000)
Proceeds from sale of common stock and warrants (net of expenses)		$ 3,200,000
Proceeds from warrant exercises	$ 194,750	$ 531,878

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
SIGNIFICANT ACCOUNTING POLICIES
Raw materials	$ 1,295	$ 1,260
Work in process	58	68
Finished goods	38	38
Inventory reserve	(818)	(818)
Total	$ 573	$ 548

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Less accumulated depreciation and amortization	$ (1,756)	$ (1,750)
Property and equipment, net	36	42
Subtotal	1,792	1,792
Furniture and Fixtures
Subtotal	41	41
Equipment
Subtotal	1,083	1,083
Software
Subtotal	656	656
Leasehold Improvement
Subtotal	$ 12	$ 12

SIGNIFICANT ACCOUNTING POLICI_6

SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
SIGNIFICANT ACCOUNTING POLICIES
Compensation	$ 366	$ 444
Professional fees	226	285
Stock Subscription Payable	0	36
Interest	131	189
Vacation	30	41
Preferred dividends	210	231
Other accrued expenses	8	21
Total	$ 971	$ 1,247

SIGNIFICANT ACCOUNTING POLICI_7

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounts receivable outstanding	$ 8,942		$ 54,484
Accounts receivable, net of allowance	1,500		48,172
Deferred revenue	445,444		509,101
Remaining balance	7,442		6,312
Net operating loss carry forward	$ 65,600,000
Percentage amount of tax benefit	50%
Excess of insured limitations	$ 1,109,929		$ 2,064,772
Recognized expense related to stock options	206,306	$ 87,823
Warrants Issued To Consultants and Executives
Recognized expense related to stock options	1,361,143
Warrants Issued To Consultants
Recognized expense related to stock options		$ 79,444
Stock Issued To Consultants
Recognized expense related to stock options	$ 116,000

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Derivative liability	$ (5)
Level 1
Derivative liability	0
Level 2
Derivative liability	0
Level 3
Derivative liability	(5)
Auctus Loan
Derivative liability	(5)
Auctus Loan | Level 1
Derivative liability	0
Auctus Loan | Level 2
Derivative liability	0
Auctus Loan | Level 3
Derivative liability	$ (5)

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 1) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Beginning Balance	$ (5)
Level 3
Beginning Balance	(5)
Derivative | Level 3
Beginning Balance	(5)
Change in fair value during the year	5
Ending Balance	$ 0

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details Narrative)	Dec. 17, 2019 USD ($)
FAIR VALUE OF FINANCIAL INSTRUMENTS
Derivative liability/bifurcated conversion option auctus loan amount	$ 326,016

STOCKHOLDERS DEFICIT (Details)

STOCKHOLDERS DEFICIT (Details)	6 Months Ended
	Jun. 30, 2023 shares
Issuances of common stock	2,414,864
Share outstanding, end	51,010,579
Share outstanding, begin	48,595,715
Common stock warrants exercised [Member]
Issuances of common stock	1,119,294
Issuance of common stock for payment of Series D preferred dividends [Member]
Issuances of common stock	58,328
Issuance of common stock for payment of Series E preferred dividends [Member]
Issuances of common stock	25,729
Issuance of common stock for payment of Series F preferred dividends [Member]
Issuances of common stock	233,308
Issuance of common stock for payment of Series F-2 preferred dividends [Member]
Issuances of common stock	120,284
Issuance of common stock for payment of interest [Member]
Issuances of common stock	177,921
Issuance of common stock to consultants [Member]
Issuances of common stock	400,000
Conversion of Series E preferred stock to common stock [Member]
Conversion of common stock	20,000
Conversion of Series F preferred stock to common stock [Member]
Conversion of common stock	200,000
Conversion of Series F-2 preferred stock to common stock [Member]
Conversion of common stock	60,000
Stock Issued [Member]
Issuances of common stock	2,414,864

STOCKHOLDERS DEFICIT (Details 1

STOCKHOLDERS DEFICIT (Details 1)	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
STOCKHOLDERS DEFICIT:
Warrants outstanding, beginning | shares	35,586,980
Warrants issued | shares	5,873,750
Warrants exchanged | $	$ (1,025,000)
Warrants cancelled/expired | shares	(9,478,200)
Warrants exercised | shares	(973,750)
Warrants outstanding, end | shares	29,983,780
Weighted Average Exercise Price Per Share, beginning	$ 0.46
Weighted Average Exercise Price Per Share, Warrants issued	0.25
Weighted Average Exercise Price Per Share, Warrants cancelled/expired	0.30
Weighted Average Exercise Price Per Share, Warrants exchanged	0.25
Weighted Average Exercise Price Per Share, Warrants exercised	0.20
Weighted Average Exercise Price Per Share, ending	$ 0.49

STOCKHOLDERS DEFICIT (Details 2

STOCKHOLDERS DEFICIT (Details 2)	6 Months Ended
	Jun. 30, 2023
STOCKHOLDERS DEFICIT:
Expected term	3 years 10 months 24 days
Volatility	290.60%
Risk-free interest rate	3.70%
Dividend yield	0%

STOCKHOLDERS DEFICIT (Details N

STOCKHOLDERS DEFICIT (Details Narrative) - USD ($)		6 Months Ended
	May 14, 2023	Jun. 30, 2023	Dec. 31, 2022
Common stock, shares authorized		500,000,000	500,000,000
Shares of common stock issued			48,595,715
Issuances of common stock		2,414,864
Common stock shares outstanding		51,010,579	48,595,715
Common stock, par value		$ 0.001	$ 0.001
Shares outstanding		51,010,579	48,595,715
Food and Drug Administration [Member]
Warrant vested shsres	2,500,000
Chinese National Medical Products Administration [Member]
Strike price of warrants	$ 0.40
Warrant vested shsres	1,500,000
Exercisable term	10 years
Warrants [Member]
Common stock warrants		1,025,000
Strike price of warrants		$ 0.20
Exchange common stock warrants		973,750
Common stock warrants strike price per share		$ 0.25
Exercise of warrants, value		$ 194,750
Exercise of warrants, shares		973,750
Deemed dividend		$ 65,296
Warrants [Member] | Mark Faupel [Member]
Issuances of common stock	4,000,000
Stock-based compensation expense		$ 679,959
Strike price of warrants	$ 0.25
Warrants Exchanges - 2021 | Richard Blumberg [Member]
Number of warrant issued		900,000
Warrants One [Member]
Strike price of warrants		$ 0.20
Series C1 Convertible Preferred Shares
Preferred stock shares converts into common stock		2,000
Conversion price per share		$ 0.50
Preferred stock shares designated		20,250
Total convertible of common stock shares		2,098,500
Preferred stock shares issued		1,049,000	1,049,000
Preferred stock shares outstanding		1,049,000	1,049,000
Preferred stock shares surrendered		3,262
Series C2 Convertible Preferred Shares
Conversion price per share		$ 0.50
Dividing the stated value		1,000
Preferred stock shares issued		3,262,000
Preferred stock shares outstanding		2,700,000
Preferred stock shares surrendered		3,262
Number of shares converted to common stock		$ 2,000
Total convertible common stock		5,400,000
Series F-2 Convertible Preferred Shares
Preferred stock shares converts into common stock		4,000
Conversion price per share		$ 0.25
Preferred stock shares designated		3,500
Outstanding shares exchanged to Preferred stock		2,559
Company issued common stock		60,000
Preferred stock, par value		$ 0.001	$ 0.001
Percentage of dividend		6%
Increased beneficial ownership percentage		9.99%
Common Stock primary trading shares exceed		1,000
Exceeds percentage		200%
Preferred stock shares outstanding		520	535
Conversion beneficial ownership limitation		4.99%
Maturity period		5 years
Series F-2 Preferred Stock dividends shares		120,284
Preferred stock shares received		678,000
Stated value of preference share		$ 1,000
Outstanding debt		$ 2,559,000
Preferred stock shares issued		500	500
Preferred stock shares outstanding		500	500
Accrued dividends		$ 7,979	$ 24,267
Preferred stock shares authorized		5,000	5,000
Series C Convertible Preferred Shares
Preferred stock, par value		$ 0.001	$ 0.001
Series D Preferred Shares
Preferred stock shares converts into common stock		58,328
Conversion price per share		$ 0.25
Preferred stock shares designated		6,000
Preferred stock, par value		$ 0.001
Increased beneficial ownership percentage		9.99%
Common Stock primary trading shares exceed		1,000
Exceeds percentage		200%
Conversion beneficial ownership limitation		4.99%
Maturity period		5 years
Stated value of preference share		$ 750
Preferred stock shares issued		763,000
Common stock, issued public shares		1,526,000
Preferred stock converted share		3,000
Shares outstanding		438
Warrant exercise price per share		$ 0.25
Common stock warrants exercise price one		$ 0.75
Accrued dividends		$ 8,360	$ 8,213
Shares issued common stock amount		$ 763,000
Series F Preferred Shares
Preferred stock shares converts into common stock		4,000
Conversion price per share		$ 0.25
Preferred stock shares designated		1,500
Common Stock primary trading shares exceed		1,000
Exceeds percentage		200%
Conversion beneficial ownership limitation		4.99%
Maturity period		5 years
Stated value of preference share		$ 1,000
Preferred stock shares issued		1,006,000	1,056
Preferred stock shares issued one		1,436,000
Increased election holder		9.99%
Number of shares converted into common stock		200,000
Shares issued common stock amount		$ 1,436,000
Shares converted into common stock		50
Cumulative dividend rate		6%
Issuance of common stock for payment pf annual series		233,308
Accrued dividends		$ 15,928	$ 48,400
Series E Convertible Preferred Stock [Member]
Conversion price per share		$ 0.25
Preferred stock shares designated		5,000
Liquidation preference		$ 883	888
Preferred stock, par value		$ 0.001
Common Stock primary trading shares exceed		1,000
Exceeds percentage		200%
Conversion beneficial ownership limitation		4.99%
Maturity period		5 years
Accrued dividends		$ 57,592	$ 30,414
Increased election holder		9.99%
Preferred stock stated value		$ 1,000
Common stock shares issued for preferred stock dividends		25,729
Issuance of common stock for conversion of Series E Convertible Preferred Stock		20,000
Series C Convertible Preferred Stock [Member]
Preferred stock shares converts into common stock		2,000
Conversion price per share		$ 0.50
Preferred stock shares designated		9,000
Dividing the stated value		286
Total convertible of common stock shares		572,000
Cumulative dividend annual rate		12%
Unpaid accrued dividends		$ 120,120
Make-whole payment for converted share		200
Liquidation preference		$ 1,000
Preferred Stock Shares [Member]
Preferred stock, par value		$ 0.001
Preferred stock shares authorized		5,000,000

STOCK OPTIONS (Details)

STOCK OPTIONS (Details)	6 Months Ended
	Jun. 30, 2023
Expected term (years)	10 years
Volatility	366.40%
Risk-free interest rate	3.80%
Dividend yield	0%
Black-Scholes option
Expected term (years)	2 years
Volatility	182.80%
Risk-free interest rate	4%
Dividend yield	0%

STOCK OPTIONS (Details 1)

STOCK OPTIONS (Details 1) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
STOCK OPTIONS
Outstanding at beginning of year	1,500,000
Options granted	1,025,000
Options forfeited	(186,364)
Outstanding at ending of year	2,338,636	1,500,000
Number of shares exercisable	1,755,114	1,136,182
Options outstanding weighted average exercise price, beginning	$ 0.49
Options granted weighted average exercise price	0.26
Options forfeited weighted average exercise price	0.31
Options outstanding weighted average exercise price, Ending	0.41	$ 0.49
Weighted average exercise price per share exercisable	$ 0.45	$ 0.49
Weighted average remaining contractual life, Beginning	7 years 6 months
Weighted average remaining contractual life, Ending	7 years 1 month 6 days	8 years
Weighted average remaining contractual life exercisable	6 years 2 months 12 days	8 years
Agrregate intrensic value, Beginning	$ 0
Agrregate intrensic value, Ending	0	$ 0
Agrregate intrensic value exercisable	$ 0	$ 0

STOCK OPTIONS (Details 2)

STOCK OPTIONS (Details 2)	6 Months Ended
	Jun. 30, 2023
STOCK OPTIONS
Expected term (years)	10 years
Volatility	366.40%
Risk-free interest rate	3.80%
Dividend yield	0%

STOCK OPTION (Details Narrative

STOCK OPTION (Details Narrative) - USD ($)				6 Months Ended
	Mar. 07, 2023	Mar. 03, 2023	Feb. 10, 2023	Jun. 30, 2023	Jun. 30, 2022
Unrecognized stock-based compensation expense				$ 153,924
Weighted average period				2 years 9 months
Weighted-average fair value of awards granted				$ 0.26
Options granted				1,025,000
Stock options granted outstanding common stock shares percentage				10%
Vesting period, description	One fourth of the stock options vested immediately, while the remaining options will vest over a period of 33 months, beginning on June 7, 2023		One fourth of the stock options vested immediately, while the remaining options will vest over a period of 33 months, beginning on May 10, 2023
Stock-based compensation expense				$ 206,306	$ 87,823
Stock option expense				206,306	$ 87,823
Executive and directors [Member]
Exercise price			$ 0.2629
Options granted			925,000
Maturity date			Feb. 09, 2033
Mr. Cartwright [Member]
Unvested stock options forfeited		186,364
Stock option expense				$ 59,216
Alan Gurjic [Member]
Exercise price	$ 0.27
Options granted	100,000
Maturity date	Mar. 06, 2033

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
Operating lease right-of-use assets	$ 266	$ 303
Operating lease liabilities	$ 287	$ 325

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
2023 (remaining)	$ 56
2024	115
2025	118
2026	50
Total future lease payments	339
Less: discount	(52)
Total lease liabilities	$ 287	$ 325

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES (Details 2)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
Weighted average remaining lease term (years)	2 years 10 months 24 days	3 years 4 months 24 days
Weighted average discount rate	11.40%	11.40%

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES (Details 3)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Expected term (years)	10 years
Volatility	366.40%
Risk-free interest rate	3.80%
Dividend yield	0%
Richard Blumberg [Member]
Expected term (years)	3 years	1 year 3 months 18 days
Volatility	108.70%	164.60%
Risk-free interest rate	4.30%	4.10%
Dividend yield	0%	0%

COMMITMENTS AND CONTINGENCIES_6

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)				1 Months Ended	6 Months Ended		12 Months Ended
	Mar. 10, 2021	Sep. 06, 2016	Jun. 05, 2016	Aug. 24, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Jan. 22, 2020	Dec. 17, 2019	Jul. 24, 2019
Consideration received											$ 885,144
Royalty percent			20%
Warrants broken into four tranches									1,250,000
Estimated fair value of the warrants					800,000
Recognized expenses for the warrants					$ 90,344
Strike price									$ 0.25	$ 0.40
Escrow agent rate per share											$ 1.90
Unecognized expenses for Warrants issued					91,978
Shares exchange								48,595,715
Shenghuo Medical, LLC [Member]
Payment receive descriptions			Shenghuo also would provide up to $1.0 million in furtherance of the Company’s efforts to secure regulatory approval for LuViva from the U.S. Food and Drug Administration, in exchange for the right to receive payments equal to 2% of the Company’s future sales in the United States, up to an aggregate of $4.0 million.
Alan Gurjic [Member]
Issued additional warrants				600,000
Issued warrants				600,000
Excercise price				$ 0.75
Weighted average price				$ 1.50
Description of agreement				Company also agreed to pay the Advisory Group $2,000 per month for 12 months
Shandong Yaohua Medical Instrument Corporation [Member]
Shares exchange											12,147
Consulting Agreement [Member] | Advisory Group
Warrants									5,000,000
Consulting Agreement [Member] | Ironstone capital corp and Alan Gurjic
Issued warrants				800,000
Excercise price				$ 0.50
Weighted average price				$ 1
Consulting Agreement [Member] | Mr. Blumberg
Terms of amendment to agreement	on September 26, 2021, 900,000 3-year warrants with an exercise price of $0.30 and 400,000 common stock shares	royalty initially equal to $0.10, and from and after October 2, 2016, equal to $0.20, for each disposable					consulting agreement was amended to clarify that $350,000 is not intended to be debt and will not be required to be repaid in cash. The Company confirmed an obligation to provide Mr. Blumberg with 950,000 fully transferrable warrants, which will expire on January 1, 2024 and have an exercise price of $0.25. Issuance of the warrants owed to Mr. Blumberg for his services was predicated on the Company receiving funding receipts of $1,000,000
Recognized expenses for Warrants issued					590,840
Unecognized expenses for Warrants issued						$ 149,677
Recognized expenses					$ 111,833
Subscription receivable	$ 350,000
Promotional Agreement [Member]
Consulting expenses						$ 79,444
Royalty Agreement [Member]
Royalty consideration		$ 50,000

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Short term notes payable	$ 0	$ 58
Dr. Cartwright
Notes payable in default, including related parties	0	1
Premium Finance insurance
Notes payable in default, including related parties	$ 0	$ 57

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)		1 Months Ended	6 Months Ended
	Jul. 04, 2022	Dec. 31, 2019	Jun. 30, 2023	Dec. 31, 2022
Short-term notes payable due to related parties				$ 619
Outstanding principal balance				$ 56,569
Monthly payment	$ 11,409
Line of credit facility, maximum borrowing capacity	$ 123,889
Maturity date			May 04, 2023
Accrued interest rate	5%
Dr. Cartwright
Notes initially issued with interest		0%
Percentage of increased interest		6%
Promissory notes issued		$ 45,829
Financing proceeds received by company		$ 1,000,000

CONVERTIBLE DEBT (Details)

CONVERTIBLE DEBT (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
AUCTUS CONVERTIBLE DEBT
10% Senior Unsecured Convertible Debentures	$ 1,130	$ 1,130
Debt Issuance costs to be amortized	(26)	(40)
Debt Discount	(89)	(140)
Long-term convertible debt	$ 1,015	$ 950

CONVERTIBLE DEBT (Details Narra

CONVERTIBLE DEBT (Details Narrative) - USD ($)		1 Months Ended	6 Months Ended
	Sep. 02, 2022	May 17, 2021	Jun. 30, 2023	Dec. 31, 2022	Sep. 01, 2022	Dec. 17, 2019
Convertible promissory note						$ 2,400,000
Convertible debt conversion price description			variable conversion price was 95% multiplied by the market price (the market price means the average of the five lowest trading prices during the period beginning on the issue date and ending on the maturity date
Trading price						$ 0.04
Variable conversion price						$ 0.15
Early prepayment penalty	$ 350,000
Default premiums	281,256
Interest payable	91,555
Reduced amount owed to Auctus after the Exchange	$ 710,911
Warrants exchanged by Auctus	8,775,000
Long term convertible debt			$ 1,015,000	$ 950,000
Default penalty forgiven by Auctus	$ 225,444
Loss on extinguishment of debt			$ 1,228,183
Bearing interest rate			24%
Auctus [Member]
Short term convertible note payable				230,482
Long term convertible debt				95,534
Share Issue	3,900,000
Prepayment penalty					$ 350,000
Total balance of the convertible debt outstanding			$ 224,528	326,016
Warrant One [Member]
Warrant exchange price	$ 0.50
Warrant to purchase					3,900,000
Warrant Two [Member]
Warrant exchange price	0.65
Warrant to purchase					3,900,000
Minimum
Warrant exchange price	0.15
Maximum
Warrant exchange price	$ 0.20
10% Senior Unsecured Convertible Debenture
Convertible promissory note		$ 1,000	1,130,000
Accrued interest			$ 57,528	$ 58,494
Convertible debentures right description		each debenture unit included 1,000 common stock warrants with an exercise price of $0.80 and an expiration date of May 17, 2023
Change of Control premium percentage		3%
Senior Secured Convertible rate		10%
Deemed price		$ 0.50
Debt maturity date		May 17, 2024
Proceeds from convertible debenture		$ 1,130,000
Conversion price		$ 0.50

LONG TERM DEBT (Details)

LONG TERM DEBT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2023
Bonus	$ 444	$ 366
Vacation	41	30
Dr. Cartwright
Salary	337
Bonus	675
Loans to Company	528
Interest on loans	81
Total outstanding prior to exchange	1,621
Amount forgiven in prior years	(1,302)
Amount exchanged for Series F-2 Preferred Stock	(100)
Total interest accrued	78	8
Payments on outstanding debt		(19)
Balance outstanding, end of period	297	286
Dr. Faupel
Salary	134
Bonus	20
Vacation	95
Interest on compensation	67
Loans to Company	196
Interest on loans	149
Total outstanding prior to exchange	661
Amount forgiven in prior years	(454)
Amount exchanged for Series F-2 Preferred Stock	(85)
Total interest accrued	48	5
Balance outstanding, end of period	$ 170	$ 175

LONG TERM DEBT (Details 1)

LONG TERM DEBT (Details 1) - Long-Term Debt - Related Parties - Mr. Fowler $ in Thousands	Jun. 30, 2023 USD ($)
2023	$ 19
2024	39
2025	502
2026	3
Total	$ 563

LONG TERM DEBT (Details Narrati

LONG TERM DEBT (Details Narrative) - USD ($)	1 Months Ended			6 Months Ended
	Dec. 31, 2021	Mar. 22, 2021	Feb. 19, 2021	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Jul. 09, 2020	Sep. 04, 2018
Long-term debt-related parties				$ 525,000		$ 83,000
Current portion of long-term debt, related parties				0		17,000
Outstanding principal balance						17,052
Accrued interest						5,139
Dr. Cartwright
Total outstanding prior to exchange						1,621,000
Promissory note interest rate			6%
Debt instrument converted amount			$ 100,000
Series F-2 Preferred Stock issued upon conversion of debt			100
Principal amount of promissory note			$ 267,085
Issuance of promissory note in exchange of related party debt								$ 319,000
Loans, interest, bonus, salary and vacation paid amount								$ 1,621,499
Interest rate per annum								6%
Dr. Faupel
Total outstanding prior to exchange						661,000
Due to related party								$ 660,895
Promissory note interest rate			6%
Debt instrument converted amount			$ 85,000
Series F-2 Preferred Stock issued upon conversion of debt			85
Principal amount of promissory note			$ 153,178
Issuance of promissory note in exchange of related party debt								$ 207,111
Mr. Bill Wells | 6% Unsecured Promissory Note
Total outstanding prior to exchange	$ 97,052						$ 90,000
Principal payment				17,052	$ 50,000
Promissory note interest rate	6%
Common share stock option							66,000
Salary							$ 220,000
Amount paid							$ 110,000
Exercise price							$ 0.49
Received cash payment							$ 20,000
Total amount to be receive	$ 3,000,000						3,000,000
Monthly payment due	$ 5,000						$ 3,667
Mr. Fowler
Total outstanding prior to exchange				35,171
Deferred compensation				163,439
Long-term debt-related parties				101,674		119,814
Current portion of long-term debt, related parties				$ 37,943		$ 36,830
Due to related party		$ 546,214
Series F-2 Preferred Stock issued upon conversion of debt		50
Interest payable		$ 133,590
Due to related party, amount		$ 546,214
Promissory note default interest rate		18%
Promissory note monthly installment		$ 3,580
Preferred shares converted into common stock		200,000
Effective interest rate		6.18%
Deferred salary		$ 412,624
Unsecured note issued upon conversion of debt		$ 150,000

INCOME (LOSS) PER COMMON SHAR_2

INCOME (LOSS) PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net loss	$ (1,604)	$ (1,007)	$ (2,573)	$ (2,061)
Basic weighted average number of shares outstanding			50,138	23,526
Net loss per share (basic)			$ (0.05)	$ (0.09)
Diluted weighted average number of shares outstanding			50,138	23,526
Net loss per share (diluted)			$ (0.05)	$ (0.09)
Total Dilutive instruments [Member]
Dilutive equity instruments (number of equivalent units):
Dilutive equity instruments (number of equivalent units)			85	28,244
Convertible Debt [Member]
Dilutive equity instruments (number of equivalent units):
Dilutive equity instruments (number of equivalent units)			85	2,431
Preferred Stock [Member]
Dilutive equity instruments (number of equivalent units):
Dilutive equity instruments (number of equivalent units)				12,151
Stock Option [Member]
Dilutive equity instruments (number of equivalent units):
Dilutive equity instruments (number of equivalent units)				960
Warrants [Member]
Dilutive equity instruments (number of equivalent units):
Dilutive equity instruments (number of equivalent units)				12,702

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - shares	1 Months Ended
	Jul. 04, 2023	Aug. 04, 2023	Jul. 17, 2023	Jun. 30, 2023	Dec. 31, 2022
Common stock issued, shares				51,011,000	48,596,000
Subsequent Event [Member]
Premium finance agreement, Description	to finance its insurance policies totaling $129,073. Monthly payments of $12,041 are due on the note, including interest incurred at a rate of 7.9%. The note matures on May 4, 2024
Subsequent Event [Member] | Payment of Interest[Member]
Common stock issued, shares		239,958
Series D Dividend [Member] | Subsequent Event [Member]
Common stock issued, shares			38,400