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<?xml version="1.0" encoding="UTF-8"?>  <rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/"> <channel> <title>KORU Medical Systems (KRMD) News</title> <link>https:///rss</link> <description>The latest news released by KORU Medical Systems (KRMD)</description> <language>en-us</language> <generator>Equisolve Investor Relations Suite</generator> <item> <title>KORU Medical Systems to Participate in Piper Sandler’s 36th Annual Healthcare Conference</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/169/koru-medical-systems-to-participate-in-piper-sandlers</link> <pubDate>Mon, 25 Nov 2024 16:05:00 -0500</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/169/koru-medical-systems-to-participate-in-piper-sandlers</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will participate in Piper Sandler’s 36th Annual Healthcare Conference on December 5, 2024. KORU Medical's management is scheduled to present at Piper Sandler’s 36th Annual Healthcare Conference on December 5, 2024, at 11:00 am ET. Interested parties can access the live and archived webcast on the <a rel="nofollow" href="https://www.korumedical.com/investors/news-events" shape="rect">News/Events</a> page of the Investors section of KORU Medical’s website at <a rel="nofollow" href="http://www.korumedical.com" shape="rect">www.korumedical.com</a>. About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (“the FREEDOM System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="http://www.korumedical.com/" shape="rect">www.korumedical.com</a>. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20241125412289/en/" rel="nofollow">https://www.businesswire.com/news/home/20241125412289/en/</a> Investor Contact: Greg Chodaczek 347-620-7010 <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems ]]></content:encoded> </item> <item> <title>KORU Medical Systems, Inc. Announces 2024 Q3 Financial Results, Third Consecutive Quarter of Double-Digit Growth; Raises Full Year 2024 Guidance</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/168/koru-medical-systems-inc-announces-2024-q3-financial</link> <pubDate>Wed, 13 Nov 2024 16:05:00 -0500</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/168/koru-medical-systems-inc-announces-2024-q3-financial</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems, Inc. (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the third quarter ended September 30, 2024, and raised full year 2024 revenue, gross margin, and year-end cash guidance. Recent Highlights <ul class="bwlistdisc"> <li> Third quarter 2024 net revenues of $8.2 million, a 17% increase over the prior year period </li> </ul> <ul class="bwlistdisc"> <li> Core business (U.S. and International) growth of 11% and novel therapies growth of 276% over the prior year period </li> </ul> <ul class="bwlistdisc"> <li> Gross profit of $5.2 million, a 19% increase over the prior year period, and gross margin of 63%, a 140-basis point improvement over the prior year period </li> </ul> <ul class="bwlistdisc"> <li> Ending cash balance of $8.8 million and year-to-date cash burn of $2.7 million, a 60% improvement over the prior year period </li> </ul> <ul class="bwlistdisc"> <li> Presented data at Partnership Opportunities in Drug Delivery (PODD) Conference demonstrating 97% nursing preference for KORU’s FreedomEdge® system over manual push for subcutaneous oncology infusion clinic administration </li> </ul> <ul class="bwlistdisc"> <li> Raising full year 2024 net revenue guidance to $32.75 - $33.25 million, representing growth of 15% - 17% over the prior year; raising full year gross margin guidance to 62% - 63%, representing an improvement of 340 - 440 basis points over the prior year; and raising full year ending cash balance guidance to greater than $8.8 million </li> </ul> “We are pleased to deliver another quarter of strong results representing solid execution by the team across all of our businesses and operations,” said Linda Tharby, KORU Medical’s President and CEO. “Revenue of $8.2 million represents the third consecutive quarter of double-digit growth, while improving our gross margin and driving improved operating leverage. We see strength in our recurring chronic subcutaneous immunoglobulin (SCIg) patient base, and we continue to further drive collaborations in our novel therapies business as more drugs move to subcutaneous administration. We are excited by the progress we continue to make in executing against our long-term strategies and growth objectives which has enabled us to raise guidance for our 2024 revenue, gross margin, and year-end cash-balance.” 2024 Third Quarter Financial Results <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td class="bwvertalignb bwpadl0 bwwidth25" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> Three Months Ended September 30, </td> <td class="bwvertalignb bwpadl0 bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="4" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> Change from Prior Year </td> <td class="bwvertalignb bwpadl0 bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> % of Net Revenues </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth25" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwalignc bwwidth11" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth8" rowspan="1" colspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc bwwidth8" rowspan="1" colspan="1"> 2023 </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth25" rowspan="1" colspan="1"> Net Revenues </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth14" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth14" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth8" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth8" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwrowaltcolor1 bwwidth25" rowspan="1" colspan="1"> Domestic Core </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth14" rowspan="1" colspan="1"> 6,447,469 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth14" rowspan="1" colspan="1"> 5,773,863 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 673,606 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 11.7% </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth8" rowspan="1" colspan="1"> 78.8% </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth8" rowspan="1" colspan="1"> 82.4% </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth25" rowspan="1" colspan="1"> International Core </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth14" rowspan="1" colspan="1"> 1,121,196 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth14" rowspan="1" colspan="1"> 1,066,567 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 54,629 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 5.1% </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8" rowspan="1" colspan="1"> 13.7% </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8" rowspan="1" colspan="1"> 15.2% </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwrowaltcolor1 bwwidth25" rowspan="1" colspan="1"> Total Core </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth14" rowspan="1" colspan="1"> 7,568,665 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth14" rowspan="1" colspan="1"> 6,840,430 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 728,235 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 10.6% </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth8" rowspan="1" colspan="1"> 92.5% </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth8" rowspan="1" colspan="1"> 97.7% </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth25" rowspan="1" colspan="1"> Novel Therapies </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth14" rowspan="1" colspan="1"> 611,312 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth14" rowspan="1" colspan="1"> 162,768 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 448,544 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 275.6% </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8" rowspan="1" colspan="1"> 7.5% </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8" rowspan="1" colspan="1"> 2.3% </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth25" rowspan="1" colspan="1"> Total </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth14" rowspan="1" colspan="1"> 8,179,977 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth14" rowspan="1" colspan="1"> 7,003,198 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 1,176,778 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 16.8% </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth8" rowspan="1" colspan="1"> 100% </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth8" rowspan="1" colspan="1"> 100% </td> </tr> </table> Total net revenues for the third quarter of 2024 were $8.2 million, an increase of $1.2 million, or 16.8% over the prior year period. Domestic core revenues were $6.4 million, an increase of 11.7% over the prior year period, primarily due to higher consumable and pump volumes driven by new patients starts and market share gains. International core revenues were $1.1 million, an increase of 5.1% over the prior year period, primarily due to higher consumable volumes driven largely by increased Ig supply, increased penetration within certain approved indications, and geographic expansion. Partially offsetting the growth were lower orders from a distribution partner that expedited $0.3 million orders in the second quarter of 2024 related to the BSI regulatory review which has since been successfully appealed. Novel Therapies revenues for the third quarter of 2024 were $0.6 million, an increase of 275.6% over the prior year period, primarily driven by clinical trial orders and progress on NRE milestones completed for multiple collaboration agreements. Gross profit for the third quarter of 2024 was $5.2 million, an increase of $0.8 million, or 19%, over the prior year period. Gross margin in the third quarter of 2024 was 63.4%, an increase of 140 basis points, compared to 62.0% in the prior year period. The increase in gross margin was primarily driven by a favorable sales mix of clinical trial orders, improved NRE mix of more profitable services, and increased average selling prices when compared to the prior year period. Total operating expenses for the third quarter of 2024 were $6.9 million, an increase of $0.8 million, or 12.3%, over the prior year period primarily driven by compensation related to new hires, bonus accruals, and severance for the elimination of the CTO role. Net loss for the third quarter of 2024 was $1.6 million, or ($0.03) per diluted share, compared to a net loss of $1.4 million, or ($0.03) per diluted share, for the prior year period, primarily driven by an increase in operating expenses of $0.8 million, and a prior year tax benefit of $0.2 million offset by an increase in gross profit of $0.8 million. Adjusted EBITDA for the third quarter of 2024 was ($0.4) million, or ($0.01) per diluted share, compared to adjusted EBITDA of ($0.9) million, or ($0.02) per diluted share, for the for the prior year period. A reconciliation of adjusted EBITDA and adjusted diluted EPS is provided at the end of this press release. Cash and cash equivalents were $8.8 million as of September 30, 2024, reflecting cash usage of $1.7 million in the third quarter of 2024. 2024 Guidance <ul class="bwlistdisc"> <li> Raising full year 2024 net revenue guidance to $32.75 - $33.25, representing growth of 15% - 17%; increased from previously issued guidance of $32.0 - $32.5 million, or 12% - 14% </li> </ul> <ul class="bwlistdisc"> <li> Raising full year 2024 gross margin guidance to 62% - 63%; increased from previously issued guidance of 61% - 62% </li> </ul> <ul class="bwlistdisc"> <li> Raising guidance of 2024 year-end cash balance to greater than $8.8 million increased from previously issued guidance of greater than $8.0 million year-end cash balance </li> </ul> <ul class="bwlistdisc"> <li> Reiterating cash flow breakeven in the fourth quarter of 2024 and cash flow positive for full year 2025 </li> </ul> Conference Call and Webcast Details The Company will host a live conference call and webcast to discuss these results and provide a corporate update on Wednesday, November 13, 2024, at 4:30 PM ET. To participate in the call, please dial (877) 407-0784 (domestic) or (201) 689-8560 (international). The live webcast will be available on the IR Calendar on the News/Events page of the Investors section of KORU Medical’s website. Non-GAAP Measures This press release includes the non-GAAP financial measures “adjusted diluted EPS” and “adjusted EBITDA” that are not in accordance with, nor an alternate to, generally accepted accounting principles and may be different from non-GAAP measures used by other companies. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Non-GAAP financial measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. They are limited in value because they exclude charges that have a material effect on KORU Medical’s reported results and, therefore, should not be relied upon as the sole financial measures to evaluate the Company’s financial results. Non-GAAP financial measures are meant to supplement, and to be viewed in conjunction with, GAAP financial results. Reconciliations of the Company’s non-GAAP measures are included at the end of this press release. About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (“the FREEDOM System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="http://www.korumedical.com" shape="rect">www.korumedical.com</a>. Forward-looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All statements that are not historical fact are forward-looking statements, including, but not limited to, oncology biologic clinic entry, launch an expanded nephrology indication, success of Novel Therapies collaborations and related commercial launches, financial guidance and expected operating performance for fiscal 2024. Forward-looking statements discuss the Company’s current expectations and projections relating to its financial position, results of operations, plans, objectives, future performance, and business. Forward-looking statements can be identified by words such as “guidance”, “expect”, “plan”, “believe” and “will”. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, uncertainties associated with SCIg market growth, prefilled syringe penetration, plasma supply, clinical trial activity and success, approval and commercialization of new drug indications, the Company’s EU certification, the shift to increased healthcare delivery in the home, new patient diagnoses, customer ordering patterns, global health crises, innovation and competition, labor and supply price increases, inflationary impacts, labor supply, and those risks and uncertainties included under the captions “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023, which is on file with the SEC and available on our website at <a rel="nofollow" href="http://www.korumedical.com/investors" shape="rect">www.korumedical.com/investors</a> and on the SEC website at <a rel="nofollow" href="http://www.sec.gov" shape="rect">www.sec.gov</a>. All information provided in this release and in the attachments is as of November 13, 2024. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td class="bwpadl0" colspan="9" rowspan="1"> </td> </tr> <tr> <td colspan="9" class="bwpadl0 bwalignc" rowspan="1"> KORU MEDICAL SYSTEMS, INC. BALANCE SHEETS </td> </tr> <tr> <td class="bwpadl0 bwwidth70" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td colspan="3" class="bwpadl0" rowspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td colspan="3" class="bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td colspan="3" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> September 30, </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> December 31, </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwpadl0 bwpadr0 bwalignc" rowspan="1"> 2024 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwpadl0 bwpadr0 bwalignc" rowspan="1"> 2023 </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> (UNAUDITED) </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> ASSETS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> CURRENT ASSETS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Cash and cash equivalents </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 8,806,310 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 11,482,240 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth70" rowspan="1" colspan="1"> Accounts receivable less allowance for credit losses of $0 as of September 30, 2024 and $24,777 as of December 31, 2023 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 5,164,700 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 4,045,211 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Inventory </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,928,318 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,481,301 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth70" rowspan="1" colspan="1"> Other receivables </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 74,312 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 28,889 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Prepaid expenses </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 955,213 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 1,218,288 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> TOTAL CURRENT ASSETS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 18,928,853 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 20,255,929 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Property and equipment, net </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 4,552,176 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,837,657 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> Intangible assets, net of accumulated amortization of $441,186 and $390,341 as of September 30, 2024 and December 31, 2023, respectively </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 746,302 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 754,361 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Operating lease right-of-use assets </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,063,731 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,514,055 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> Other assets </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 98,970 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 98,970 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> TOTAL ASSETS </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 27,390,032 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 28,460,972 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> LIABILITIES AND STOCKHOLDERS’ EQUITY </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> CURRENT LIABILITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Accounts payable </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 1,670,300 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 975,193 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> Accrued expenses </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 2,792,967 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 1,711,427 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Note payable </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 401,993 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 314,344 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> Other liabilities </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 181,745 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 512,520 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Accrued payroll and related taxes </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 766,867 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 462,941 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> Financing lease liability – current </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 114,297 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 109,540 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Operating lease liability – current </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 395,954 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 368,313 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> TOTAL CURRENT LIABILITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 6,324,123 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 4,454,278 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Financing lease liability, net of current portion </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 230,332 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 316,623 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> Operating lease liability, net of current portion </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 3,102,097 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 3,336,300 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> TOTAL LIABILITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 9,656,552 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 8,107,201 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> STOCKHOLDERS’ EQUITY </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> Common stock, $0.01 par value, 75,000,000 shares authorized, 49,275,830 and 49,059,583 shares issued 45,837,304 and 45,639,081 shares outstanding as of September 30, 2024, and December 31, 2023, respectively </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 492,758 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 490,899 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Additional paid-in capital </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 48,940,978 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 47,018,707 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> Treasury stock, 3,438,526 and 3,420,502 shares as of September 30, 2024 and December 31, 2023, respectively, at cost </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> (3,882,493 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> (3,843,562 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth70" rowspan="1" colspan="1"> Accumulated deficit </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (27,817,763 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (23,312,273 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70 bwrowaltcolor1" rowspan="1" colspan="1"> TOTAL STOCKHOLDERS’ EQUITY </td> <td class="bwvertalignb bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 17,733,480 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12 bwrowaltcolor1" rowspan="1" colspan="1"> 20,353,771 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1 bwrowaltcolor1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 27,390,032 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 28,460,972 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwpadl0 bwwidth70" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0" colspan="2" rowspan="1"></td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0" colspan="2" rowspan="1"> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td colspan="17" class="bwpadl0 bwalignc" rowspan="1"> KORU MEDICAL SYSTEMS, INC. STATEMENTS OF OPERATIONS (UNAUDITED) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> Three Months Ended </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> Nine Months Ended </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> September 30, </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> September 30, </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> NET REVENUES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 8,179,977 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 7,003,198 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 24,807,864 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 21,331,734 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Cost of goods sold </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 2,993,986 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 2,661,021 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 9,038,825 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 8,954,398 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> Gross Profit </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 5,185,991 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 4,342,177 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 15,769,038 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 12,377,336 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> OPERATING EXPENSES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Selling, general and administrative </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 5,127,658 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 4,623,928 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 15,804,966 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 15,352,972 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Research and development </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 1,533,845 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 1,293,256 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 4,143,751 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 4,454,739 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Depreciation and amortization </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 227,785 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 216,014 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 677,019 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 642,050 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> Total Operating Expenses </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 6,889,288 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 6,133,198 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 20,625,736 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 20,449,761 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> Net Operating Loss </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,703,297 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,791,021 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (4,856,698 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (8,072,425 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> Non-Operating Income/(Expense) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Gain/(Loss) on currency exchange </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 9,485 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (9,390 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (12,674 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (12,542 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Loss on disposal of fixed assets, net </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (3,527 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (300 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (59,806 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Interest income, net </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 112,995 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 135,429 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 364,183 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 392,098 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> TOTAL OTHER INCOME </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 122,480 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 122,512 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 351,208 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 319,750 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> LOSS BEFORE INCOME TAXES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,580,817 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,668,509 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (4,505,490 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (7,752,675 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Income Tax Benefit </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 300,247 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 1,477,642 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> NET LOSS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,580,817 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,368,262 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (4,505,490 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (6,275,033 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> NET LOSS PER SHARE </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Basic & Diluted </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.03 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.03 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.10 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.14 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Basic & Diluted </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 45,851,019 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 45,639,081 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 45,791,756 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 45,578,314 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwpadl0 bwwidth52" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td colspan="9" class="bwpadl0 bwalignc" rowspan="1"> KORU MEDICAL SYSTEMS, INC. STATEMENTS OF CASH FLOWS (UNAUDITED) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td colspan="3" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> For the Nine Months Ended </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> September 30, </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> CASH FLOWS FROM OPERATING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth76" rowspan="1" colspan="1"> Net Loss </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (4,505,490 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (6,275,033 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth76" rowspan="1" colspan="1"> Adjustments to reconcile net loss to net cash used in operating activities: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl6 bwwidth76" rowspan="1" colspan="1"> Stock-based compensation expense and warrant expense </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 1,924,131 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 2,379,613 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl6 bwwidth76" rowspan="1" colspan="1"> Depreciation and amortization </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 677,019 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 642,050 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl6 bwwidth76" rowspan="1" colspan="1"> Deferred income taxes </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,477,643 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl6 bwwidth76" rowspan="1" colspan="1"> Loss on disposal of fixed assets </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 300 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 59,806 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl6 bwwidth76" rowspan="1" colspan="1"> Non-cash lease adjustments </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 243,762 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (16,489 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth76" rowspan="1" colspan="1"> Changes in operating assets and liabilities: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl6 bwwidth76" rowspan="1" colspan="1"> Accounts receivable </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,119,490 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (332,975 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl6 bwwidth76" rowspan="1" colspan="1"> Inventory </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (447,017 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 1,727,954 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl6 bwwidth76" rowspan="1" colspan="1"> Prepaid expenses and other assets </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 217,652 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 87,540 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl6 bwwidth76" rowspan="1" colspan="1"> Other liabilities </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (330,773 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 243,283 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl6 bwwidth76" rowspan="1" colspan="1"> Accounts payable </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 695,107 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,446,180 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl6 bwwidth76" rowspan="1" colspan="1"> Accrued payroll and related taxes </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 303,927 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (149,872 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl6 bwwidth76" rowspan="1" colspan="1"> Accrued expenses </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 1,081,539 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,431,412 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> NET CASH USED IN OPERATING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> (1,259,333 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> (5,989,358 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> CASH FLOWS FROM INVESTING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth76" rowspan="1" colspan="1"> Purchases of property and equipment </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,340,994 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (586,897 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth76" rowspan="1" colspan="1"> Purchases of intangible assets </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> (42,786 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> (19,312 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth76" rowspan="1" colspan="1"> NET CASH USED IN INVESTING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,383,780 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (606,209 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth76" rowspan="1" colspan="1"> CASH FLOWS FROM FINANCING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth76" rowspan="1" colspan="1"> Borrowings from insurance finance indebtedness </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 487,516 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 565,172 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth76" rowspan="1" colspan="1"> Payments on insurance finance indebtedness </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (399,867 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (532,441 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth76" rowspan="1" colspan="1"> Payments on finance lease liability </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwpadl0 bwpadr0 bwvertalignb bwwidth9" rowspan="1" colspan="1"> (81,534 </td> <td class="bwpadl0 bwpadr0 bwvertalignb bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwpadl0 bwpadr0 bwvertalignb bwwidth9" rowspan="1" colspan="1"> (73,243 </td> <td class="bwpadl0 bwpadr0 bwvertalignb bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth76" rowspan="1" colspan="1"> Payments for taxes related to net share settlement of equity awards </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (38,932 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> NET CASH USED IN FINANCING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> (32,817 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> (40,512 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> NET DECREASE IN CASH AND CASH EQUIVALENTS </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (2,675,930 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (6,636,079 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth76" rowspan="1" colspan="1"> CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 11,482,240 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 17,408,257 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> CASH AND CASH EQUIVALENTS, END OF PERIOD </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth9" rowspan="1" colspan="1"> 8,806,310 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth9" rowspan="1" colspan="1"> 10,772,178 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth76" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth76" rowspan="1" colspan="1"> Supplemental Information </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth76" rowspan="1" colspan="1"> Cash paid during the periods for: </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1" colspan="2" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth76" rowspan="1" colspan="1"> Interest </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth9" rowspan="1" colspan="1"> 46,014 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth9" rowspan="1" colspan="1"> 34,773 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth76" rowspan="1" colspan="1"> Income taxes </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 3,160 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwpadl0 bwwidth76" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td colspan="17" class="bwpadl0 bwalignc" rowspan="1"> KORU MEDICAL SYSTEMS, INC. SUPPLEMENTAL INFORMATION (UNAUDITED) </td> </tr> <tr> <td colspan="17" class="bwpadl0 bwvertalignb bwpadr0" rowspan="1"> </td> </tr> <tr> <td class="bwpadl0" colspan="17" rowspan="1"> A reconciliation of our non-GAAP measures is below: </td> </tr> <tr> <td class="bwpadl0 bwwidth52" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td colspan="7" class="bwpadl0" rowspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td colspan="7" class="bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> Three Months Ended </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> Nine Months Ended </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> Reconciliation of GAAP Net (Loss) </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> September 30, </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> September 30, </td> </tr> <tr> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth52" rowspan="1" colspan="1"> to Non-GAAP Adjusted EBITDA: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> GAAP Net Loss </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,580,817 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,368,262 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (4,505,490 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (6,275,033 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Tax Benefit </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (314,095 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (300,247 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (892,524 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (1,477,642 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Allowance for Tax Benefit </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 314,095 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 892,524 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Reorganization Charges </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 396,926 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 496,255 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Depreciation and Amortization </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 227,785 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 216,014 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 677,019 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 642,050 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Interest Income, Net </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (112,997 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (135,429 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (364,183 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (392,098 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Manufacturing Initiative Expense </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 55,361 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Stock-based Compensation Expense </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 634,608 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 697,658 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 1,948,992 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9" rowspan="1" colspan="1"> 2,379,613 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Non-GAAP Adjusted EBITDA </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (434,495 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (890,266 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (1,747,407 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (5,067,749 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> Weighted average number of common shares </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 45,851,019 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 45,606,603 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 45,791,756 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 45,547,427 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwpadl0 bwwidth52" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0" colspan="2" rowspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0" colspan="2" rowspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0" colspan="2" rowspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0" colspan="2" rowspan="1"> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> Three Months Ended </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwpadl0 bwalignc" rowspan="1"> Nine Months Ended </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth52" rowspan="1" colspan="1"> Reconciliation of Reported Diluted EPS </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> September 30, </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="7" class="bwvertalignb bwsinglebottom bwpadl0 bwalignc" rowspan="1"> September 30, </td> </tr> <tr> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth52" rowspan="1" colspan="1"> to Non-GAAP Adjusted Diluted EPS: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwalignc bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth52" rowspan="1" colspan="1"> Reported Diluted Earnings Per Share </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.03 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.03 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.10 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.14 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Tax Benefit </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (0.02 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (0.03 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Allowance for Tax Benefit </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 0.02 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Reorganization Charges </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Depreciation and Amortization </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Interest Income, Net </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> (0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Manufacturing Initiative Expense </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl3 bwwidth52" rowspan="1" colspan="1"> Stock-based Compensation Expense </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 0.02 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 0.04 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwtablemarginb bwblockalignl bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth9" rowspan="1" colspan="1"> 0.05 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwpadl3 bwwidth52" rowspan="1" colspan="1"> Non-GAAP Adjusted Diluted Earnings Per Share </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.01 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.02 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.05 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> <td class="bwtablemarginb bwblockalignl bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth9" rowspan="1" colspan="1"> (0.12 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwpadl0 bwwidth52" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth9" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwpadl0" colspan="17" rowspan="1"> *Numbers presented are rounded to the nearest whole cent </td> </tr> </table> Allowance for nonrealization of deferred tax assets (DTA). We have excluded the effect of recording a full valuation allowance on our deferred tax assets in the third quarter ended 2024 in the amount of $0.3 million. It was determined that no valuation allowance was necessary in the third quarter ended 2023. Reorganization Charges. We have excluded the effect of reorganization charges in calculating our non-GAAP measures. In 2024 we incurred severance expenses related to the reorganization of the leadership team, which we would not have otherwise incurred in periods presented as part of continuing operations. Stock-based Compensation Expense. We have excluded the effect of stock-based compensation expense in calculating our non-GAAP measures. We record non-cash compensation expenses related to grants of equity-based awards for executives, employees, consultants, and directors. Depending upon the size, timing and the terms of the grants, the non-cash compensation expense may vary significantly but is expected to recur in future periods. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20241113344251/en/" rel="nofollow">https://www.businesswire.com/news/home/20241113344251/en/</a> Investor Contact: Louisa Smith <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems, Inc. ]]></content:encoded> </item> <item> <title>KORU Medical Systems to Participate in Upcoming Investor Conferences</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/167/koru-medical-systems-to-participate-in-upcoming-investor</link> <pubDate>Wed, 06 Nov 2024 16:05:00 -0500</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/167/koru-medical-systems-to-participate-in-upcoming-investor</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will be participating in two upcoming Investor Conferences. KORU Medical’s management team is participating at the 15th Annual Craig-Hallum Alpha Select Conference on Tuesday, November 19th, 2024. KORU Medical’s management team will also be participating at the Canaccord MedTech, Diagnostics and Digital Health & Services Forum on Thursday, November 21st, 2024. About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (the “Freedom System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="https://protect.checkpoint.com/v2/___http:/www.korumedical.com___.YzJ1OmdpbG1hcnRpbmdyb3VwOmM6bzo5Y2E3MDhkMzhmYzg0ZmI5ZDdhOTJjNjQ4MjgyYzhlNDo2OmU2ZmQ6YTM0MGQ1MWU2YWRkNjg1ODQ5Zjc1NGU1Y2FiM2U0ZmMxODRkN2FkMzQyMDBjNTg4NTg1Y2U2ZmExYTdmOGU5YzpwOlQ6Rg" shape="rect">www.korumedical.com</a>. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20241106560995/en/" rel="nofollow">https://www.businesswire.com/news/home/20241106560995/en/</a> Investor Contact: Louisa Smith <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems ]]></content:encoded> </item> <item> <title>KORU Medical Systems Presents Data at Partnership Opportunities in Drug Delivery (PODD) Conference Demonstrating Nursing Preference for Use of KORU FreedomEdge® Infusion System over Manual Syringe Administration for Subcutaneous Oncology Infusion</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/166/koru-medical-systems-presents-data-at-partnership</link> <pubDate>Thu, 31 Oct 2024 16:03:00 -0400</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/166/koru-medical-systems-presents-data-at-partnership</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems, Inc. (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large-volume subcutaneous infusion solutions, this week presented data demonstrating nursing preference for the use of the KORU FreedomEdge® Infusion System to administer subcutaneous oncology infusions in the clinic setting. The results of the case study were presented at the PODD 2024 Conference on October 28, 2024, in Boston, Massachusetts. The objective of the Nursing Preference Study was to assess time spent with patients, impact on nursing and patient comfort, and overall nurse preference when comparing manual syringe administration versus mechanical pump administration with the KORU FreedomEdge® Infusion System during subcutaneous oncology biologic drug infusions. The study was conducted by KORU Medical across 6 hospitals in Denmark with 33 nurses administering more than 3,000 infusions of a >10mL oncology drug with an average administration time of approximately 10 minutes. <ul class="bwlistdisc"> <li> Increased Patient Interaction: 97% of nurses reported having more time to interact with patients while using the KORU FreedomEdge® Infusion System versus manual syringe administration </li> </ul> <ul class="bwlistdisc"> <li> Reduced Nurse Discomfort: 81% of nurses experienced less hand pain while using the KORU FreedomEdge® Infusion System compared to manual syringe administration </li> </ul> <ul class="bwlistdisc"> <li> Ease of Use: 91% of nurses found the KORU FreedomEdge® Infusion System easier to use, with a shorter setup time compared to manual syringe administration </li> </ul> <ul class="bwlistdisc"> <li> Reduced Patient Discomfort: 73% of nurses observed less patient pain during infusions with the KORU FreedomEdge® Infusion System versus manual syringe administration </li> </ul> <ul class="bwlistdisc"> <li> Recommended by Nurses: 97% of nurses would recommend the KORU FreedomEdge® Infusion System over manual syringe administration, citing ease of use and reduced discomfort as key reasons </li> </ul> Subcutaneous formulation of formerly intravenous biologics is a growing trend with oncology pharmaceutical manufacturers. There are five greater-than-5mL biologic oncology drugs that have been cleared for in-clinic administration by healthcare professionals for an estimated one million global infusions.1,2 Evidence indicates that subcutaneous administration of oncology therapy simplifies treatment protocol, reduces pressure on hospitals, and improves patients’ quality of life.3 As further development of subcutaneous drug therapies increases, the optimization of drug administration has created a significant opportunity for drug delivery solutions like the KORU FreedomEdge® Infusion System. “The growing prevalence of large-volume subcutaneous oncology drug therapies has the potential to create challenges in the clinical setting for the manual push method, particularly related to limiting workflow as a result of hands-on administration time required,” said Linda Tharby, President and CEO of KORU Medical. “Nurses are required to apply continuous manual pressure on syringes containing highly viscous drugs for a nearly-10-minute administration time.” Ms. Tharby continued, “KORU’s FreedomEdge® Infusion System represents an alternative that may address these concerns and simplify the drug delivery experience. We are pleased that the results of this study demonstrate that KORU’s FreedomEdge® Infusion System is widely preferred by nurses and expect to file for FDA clearance of our system with an oncology biologic in 2025.” About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (the “Freedom System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="https://protect.checkpoint.com/v2/___http:/www.korumedical.com___.YzJ1OmdpbG1hcnRpbmdyb3VwOmM6bzo5Y2E3MDhkMzhmYzg0ZmI5ZDdhOTJjNjQ4MjgyYzhlNDo2OmU2ZmQ6YTM0MGQ1MWU2YWRkNjg1ODQ5Zjc1NGU1Y2FiM2U0ZmMxODRkN2FkMzQyMDBjNTg4NTg1Y2U2ZmExYTdmOGU5YzpwOlQ6Rg" shape="rect">www.korumedical.com</a>. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All statements that are not historical fact are forward-looking statements and can be identified by words such as “expect,” “will,” "believe" and "potential". Actual results may differ materially from these statements due to potential risks and uncertainties such as, among others, those risks and uncertainties included under the captions "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, which is on file with the SEC and available on our website at <a rel="nofollow" href="http://www.korumedical.com/investors" shape="rect">www.korumedical.com/investors</a> and on the SEC website at <a rel="nofollow" href="http://www.sec.gov" shape="rect">www.sec.gov</a>. All information provided in this release and in the attachments is as of October 31, 2024. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. References: <ol class="bwlistdecimal"> <li> Third party data source on file </li> <li> Third party data source on file </li> <li> Cook G, Ashcroft J, Fernandez M, Henshaw S, Khalaf Z, Pratt G, Tailor A and Rabin N (2023) Benefits of switching from intravenous to subcutaneous daratumumab: Perspectives from UK healthcare providers. Front. Oncol. 13:1063144. doi: 10.3389/fonc.2023.1063144. </li> </ol> View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20241031750047/en/" rel="nofollow">https://www.businesswire.com/news/home/20241031750047/en/</a> Investor Contact: Louisa Smith <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems, Inc. ]]></content:encoded> </item> <item> <title>KORU Medical Systems to Report Third Quarter 2024 Financial Results on November 13, 2024</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/165/koru-medical-systems-to-report-third-quarter-2024-financial</link> <pubDate>Wed, 23 Oct 2024 16:05:00 -0400</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/165/koru-medical-systems-to-report-third-quarter-2024-financial</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will report third quarter 2024 financial results on Wednesday, November 13, 2024. KORU Medical’s management will host a conference call and webcast at 4:30 p.m. ET that day to discuss the financial results and provide a corporate update. Conference Call and Webcast Details The conference call can be accessed by dialing (877)-407-0784 for participants in the U.S. or Canada and (201)-689-8560 for international callers. A live and archived webcast of the event can be accessed via the IR Calendar on the <a rel="nofollow" href="https://www.korumedical.com/investors/news-events" shape="rect">News/Events</a> page of the Investors section of KORU Medical’s website at <a rel="nofollow" href="http://www.korumedical.com" shape="rect">www.korumedical.com</a>. The archived webcast will be available for six months. About KORU Medical Systems KORU Medical Systems develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (the “Freedom System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="http://www.korumedical.com/" shape="rect">www.korumedical.com</a>. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20241023557077/en/" rel="nofollow">https://www.businesswire.com/news/home/20241023557077/en/</a> Investor Contact: Greg Chodaczek 347-620-7010 <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems ]]></content:encoded> </item> <item> <title>KORU Medical Systems to Participate in the 8th Annual Lake Street Best Ideas Growth Conference</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/164/koru-medical-systems-to-participate-in-the-8th-annual-lake</link> <pubDate>Thu, 05 Sep 2024 07:00:00 -0400</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/164/koru-medical-systems-to-participate-in-the-8th-annual-lake</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will be participating in investor meetings at the 8th Annual Lake Street Best Ideas Growth Conference in New York on Thursday, September 12, 2024. About KORU Medical Systems KORU Medical Systems develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (the “Freedom System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="http://www.korumedical.com/" shape="rect">www.korumedical.com</a>. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20240904798524/en/" rel="nofollow">https://www.businesswire.com/news/home/20240904798524/en/</a> Investor Contact: Greg Chodaczek 347-620-7010 <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems ]]></content:encoded> </item> <item> <title>KORU Medical Systems, Inc. Announces 2024 Q2 Financial Results, a Record Quarter With 22% Revenue Growth; Raises Full Year 2024 Guidance</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/163/koru-medical-systems-inc-announces-2024-q2-financial</link> <pubDate>Wed, 07 Aug 2024 16:05:00 -0400</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/163/koru-medical-systems-inc-announces-2024-q2-financial</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems, Inc. (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today reported financial results for the second quarter ended June 30, 2024 and raised full year 2024 revenue and gross margin guidance. Financial Highlights <ul class="bwlistdisc"> <li> Second quarter 2024 net revenues of $8.4 million, a 22% increase over the prior year with record-high quarterly revenues </li> <li> Core business (U.S. and International) growth of 20% over the prior year driven by overall SCIg market growth, share gains, and geographic expansion </li> <li> Gross profit of $5.5 million, a 41% increase over the prior year, and gross margin of 65%, reflecting year-over-year improvement of 890 basis points </li> <li> Ending cash balance of $10.5 million and quarterly cash usage of $0.3 million driven by improved net income, increased operating leverage, and working capital improvements </li> <li> Raising full year 2024 revenue guidance to $32.0-$32.5 million, representing year-over-year growth of 12-14%; raising full year gross margin guidance to 61-62% </li> </ul> Business Highlights <ul class="bwlistdisc"> <li> Received regulatory clearance of FreedomEdge® Infusion System for use in Japan </li> <li> Successfully passed feasibility for oncology biologic, progressing pathway to an infusion clinic entry in 2025 </li> <li> Entered Phase III clinical trial for an expanded nephrology indication expected to launch in 2026 </li> <li> Announced collaboration with SCHOTT Pharma to drive market expansion and optimize drug delivery in large volume subcutaneous infusion </li> </ul> “We delivered a great quarter, highlighted by strong double-digit growth, progress in our Novel Therapies pipeline and increased operating leverage,” said Linda Tharby, KORU Medical’s President and CEO. “Our US Core business continues to capture share gains in a growing SCIg market. Internationally, we are increasing penetration and expanding in new geographies. We also continue to progress our Novel Therapies pipeline collaborations with a clear line of sight to multiple commercial launches over the next several years. We have accomplished this while also delivering on gross margin expansion and operating leverage. I’m proud of the KORU team and, as a result of our strong performance in the first half of 2024 and our confidence in continued execution moving forward, we are raising our full year 2024 revenue and gross margin guidance.” 2024 Second Quarter Financial Results <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td class="bwvertalignb bwpadl0 bwwidth22" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth3" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> Three Months Ended June 30, </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> Change from Prior Year </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> % of Net Revenues </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth22" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth3" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth22" rowspan="1" colspan="1"> Net Revenues </td> <td class="bwvertalignb bwpadl0 bwwidth3" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth22 bwpadl3" rowspan="1" colspan="1"> Domestic Core </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth3" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 6,156,098 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 5,388,172 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 767,926 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 14.3 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 73.0 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 77.7 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth22 bwpadl3" rowspan="1" colspan="1"> International Core </td> <td class="bwvertalignb bwpadl0 bwwidth3" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 1,628,191 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 1,117,004 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 511,187 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth6" rowspan="1" colspan="1"> 45.8 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth6" rowspan="1" colspan="1"> 19.3 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth6" rowspan="1" colspan="1"> 16.1 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth22 bwpadl3" rowspan="1" colspan="1"> Total Core </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth3" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 7,784,289 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 6,505,176 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 1,279,113 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 19.7 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 92.3 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 93.8 </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth22 bwpadl3" rowspan="1" colspan="1"> Novel Therapies </td> <td class="bwvertalignb bwpadl0 bwwidth3" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 645,800 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 430,754 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 215,046 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth6" rowspan="1" colspan="1"> 49.9 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth6" rowspan="1" colspan="1"> 7.7 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth6" rowspan="1" colspan="1"> 6.2 </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth22" rowspan="1" colspan="1"> Total </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth3" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 8,430,089 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 6,935,930 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 1,494,159 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 21.5 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 100 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth6" rowspan="1" colspan="1"> 100 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> % </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> </tr> </table> Total net revenues increased $1.5 million, or 21.5%, to $8.4 million for the three months ended June 30, 2024, as compared with the same period in 2023. Domestic Core revenues increased by 14.3% to $6.2 million, primarily due to higher consumable and pump volumes driven by new patients starts and share gains. International Core revenues increased by 45.8% to $1.6 million, primarily due to higher consumable and pump volumes driven largely by increased Ig supply, increased penetration within certain approved indications, and geographic expansion. International orders were expedited for certain distribution partners of $0.3 million in the second quarter of 2024 related to the BSI regulatory review process which has since been successfully appealed. Novel Therapies net revenues increased by 49.9% to $0.6 million in the second quarter of 2024, primarily driven by Phase III clinical trial orders and milestone completion from our collaboration agreements. Gross profit increased $1.6 million, or 41%, to $5.5 million in the three months ended June 30, 2024, compared to $3.9 million in the same period in 2023. Gross margin increased to 65.0% in the second quarter of 2024 compared to 56.1% in the second quarter of 2023. The increase in gross margin was primarily driven by increased production efficiencies, favorable sales mix driven by clinical trial orders, and increased average selling prices when compared to the prior year period. We also had a positive inventory valuation adjustment of $0.1 million during the second quarter of 2024 which is not expected to recur in 2024. Total operating expenses for the second quarter of 2024 were $6.7 million, a decrease of $0.4 million, or 6.2%, compared to $7.1 million in the prior year period driven primarily by a decrease of $0.5 million in research and development expenses primarily due to timing of project spend. Net loss for the second quarter of 2024 was $1.0 million, or $(0.02) per diluted share, compared to a net loss of $2.5 million, or ($0.05) per diluted share, for the same period of 2023, primarily driven by an increase in gross profit of $1.6 million and an interest income of $0.1 million, partially offset by a decrease in tax benefit of $0.6 million and in operating expenses of $0.4 million. Adjusted EBITDA for the second quarter of 2024 was ($0.4) million, or ($0.01) per diluted share, compared to adjusted EBITDA of ($2.3) million, or ($0.04) per diluted share, for the same period of 2023. A reconciliation of adjusted EBITDA and adjusted diluted EPS is provided at the end of this press release. Cash and cash equivalents were $10.5 million as of June 30, 2024, reflecting cash usage of $0.3 million in the second quarter of 2024. 2024 Guidance <ul class="bwlistdisc"> <li> Raising full year 2024 net revenue guidance to $32.0 - $32.5, representing growth of 12-14%; increased from previously issued guidance of $31.2 - $32.2 million, or 10% to 13% </li> <li> Raising full year 2024 gross margin guidance to 61% - 62%; increased from previously issued guidance of 59% - 61% </li> <li> Reaffirming guidance of 2024 year-end cash balance greater than $8.0 million and achieving cash flow breakeven in the fourth quarter of 2024 and cash flow positive for full year 2025 </li> </ul> Conference Call and Webcast Details The Company will host a live conference call and webcast to discuss these results and provide a corporate update on Wednesday, August 7, 2024, at 4:30 PM ET. To participate in the call, please dial (877) 407-0784 (domestic) or (201) 689-8560 (international). The live webcast will be available on the IR Calendar on the News/Events page of the Investors section of KORU Medical’s website. Non-GAAP Measures This press release includes the non-GAAP financial measures “adjusted diluted EPS” and “adjusted EBITDA” that are not in accordance with, nor an alternate to, generally accepted accounting principles and may be different from non-GAAP measures used by other companies. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Non-GAAP financial measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. They are limited in value because they exclude charges that have a material effect on KORU Medical’s reported results and, therefore, should not be relied upon as the sole financial measures to evaluate the Company’s financial results. Non-GAAP financial measures are meant to supplement, and to be viewed in conjunction with, GAAP financial results. Reconciliations of the Company’s non-GAAP measures are included at the end of this press release. About KORU Medical Systems KORU Medical develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (“the FREEDOM System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. These devices are used for infusions administered in the home and alternate care settings. For more information, please visit <a rel="nofollow" href="http://www.korumedical.com" shape="rect">www.korumedical.com</a>. Forward-looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All statements that are not historical fact are forward-looking statements, including, but not limited to, oncology biologic clinic entry, launch an expanded nephrology indication, success of Novel Therapies collaborations and related commercial launches, financial guidance and expected operating performance for fiscal 2024. Forward-looking statements discuss the Company’s current expectations and projections relating to its financial position, results of operations, plans, objectives, future performance, and business. Forward-looking statements can be identified by words such as “guidance”, “expect”, “plan”, “believe” and “will”. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, uncertainties associated with SCIg market growth, prefilled syringe penetration, plasma supply, clinical trial activity and success, approval and commercialization of new drug indications, the Company’s EU certification, the shift to increased healthcare delivery in the home, new patient diagnoses, customer ordering patterns, global health crises, innovation and competition, labor and supply price increases, inflationary impacts, labor supply, and those risks and uncertainties included under the captions “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 , which is on file with the SEC and available on our website at <a rel="nofollow" href="http://www.korumedical.com/investors" shape="rect">www.korumedical.com/investors</a> and on the SEC website at <a rel="nofollow" href="http://www.sec.gov" shape="rect">www.sec.gov</a>. All information provided in this release and in the attachments is as of August 7, 2024. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td colspan="8" class="bwpadl0 bwalignc" rowspan="1"> KORU MEDICAL SYSTEMS, INC. BALANCE SHEETS (UNAUDITED) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> June 30, </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> December 31, </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> ASSETS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> CURRENT ASSETS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Cash and cash equivalents </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 10,458,001 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 11,482,240 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Accounts receivable less allowance for credit losses of $24,777 as of June 30, 2024 and December 31, 2023 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 5,846,082 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 4,045,211 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Inventory </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 2,588,750 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,481,301 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Other receivables </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 28,889 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Prepaid expenses </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 472,864 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 1,218,288 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> TOTAL CURRENT ASSETS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 19,365,697 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 20,255,929 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Property and equipment, net </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,678,984 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,837,657 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> Intangible assets, net of accumulated amortization of $423,834 and $390,341 as of June 30, 2024 and December 31, 2023, respectively </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 745,084 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 754,361 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Operating lease right-of-use assets </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,414,831 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 3,514,055 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> Deferred income tax assets, net of allowance for non-realization of deferred tax assets of $6,581,206 and $6,002,777 as of June 30, 2024 and December 31, 2023, respectively </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Other assets </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 98,970 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 98,970 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> TOTAL ASSETS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 27,303,566 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 28,460,972 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> LIABILITIES AND STOCKHOLDERS’ EQUITY </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> CURRENT LIABILITIES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Accounts payable </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 1,595,691 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 975,193 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Accrued expenses </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 2,144,722 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 1,711,427 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Note payable </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 314,344 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Other liabilities </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 447,788 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 512,520 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Accrued payroll and related taxes </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 444,251 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 462,941 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Financing lease liability – current </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 112,689 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 109,540 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Operating lease liability – current </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 391,699 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 368,313 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> TOTAL CURRENT LIABILITIES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 5,136,840 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 4,454,278 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Financing lease liability, net of current portion </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 259,479 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 316,623 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> Operating lease liability, net of current portion </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 3,202,697 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 3,336,300 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> TOTAL LIABILITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 8,599,016 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 8,107,201 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> STOCKHOLDERS’ EQUITY </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Common stock, $0.01 par value, 75,000,000 shares authorized, 49,257,812 and 49,089,864 shares issued 45,819,286 and 45,669,362 shares outstanding as of June 30, 2024, and December 31, 2023, respectively </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 492,398 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 490,899 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Additional paid-in capital </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 48,331,591 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 47,018,707 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Treasury stock, 3,438,526 shares as of June 30, 2024 and December 31, 2023, at cost </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (3,882,493 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (3,843,562 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Accumulated deficit </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (26,236,946 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (23,312,273 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> TOTAL STOCKHOLDERS’ EQUITY </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 18,704,550 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 20,353,771 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 27,303,566 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 28,460,972 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td colspan="14" class="bwpadl0 bwalignc" rowspan="1"> KORU MEDICAL SYSTEMS, INC. STATEMENTS OF OPERATIONS (UNAUDITED) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwpadl0" rowspan="1"> Three Months Ended </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwpadl0" rowspan="1"> Six Months Ended </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> June 30, </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> June 30, </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> NET REVENUES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 8,430,089 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 6,935,931 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 16,627,887 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 14,328,536 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth40 bwpadl3" rowspan="1" colspan="1"> Cost of goods sold </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 2,950,339 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 3,047,807 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 6,044,839 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 6,293,377 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> Gross Profit </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 5,479,750 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 3,888,124 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 10,583,048 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 8,035,159 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> OPERATING EXPENSES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth40 bwpadl3" rowspan="1" colspan="1"> Selling, general and administrative </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 5,319,688 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 5,303,167 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 10,677,308 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 10,729,044 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth40 bwpadl3" rowspan="1" colspan="1"> Research and development </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 1,134,232 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 1,596,614 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 2,609,907 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 3,161,483 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth40 bwpadl3" rowspan="1" colspan="1"> Depreciation and amortization </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 217,864 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 212,919 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 449,233 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 426,036 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> Total Operating Expenses </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 6,671,784 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 7,112,700 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 13,736,448 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 14,316,563 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> Net Operating Loss </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (1,192,034 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (3,224,576 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (3,153,400 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (6,281,404 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> Non-Operating Income/(Expense) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth40 bwpadl3" rowspan="1" colspan="1"> Loss on currency exchange </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (10,680 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (2,472 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (22,159 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (3,152 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth40 bwpadl3" rowspan="1" colspan="1"> Loss on disposal of fixed assets, net </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (300 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (56,279 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth40 bwpadl3" rowspan="1" colspan="1"> Interest income, net </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 213,999 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 131,167 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 251,186 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 256,669 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> TOTAL OTHER INCOME </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 203,319 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 128,695 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 228,727 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 197,238 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> LOSS BEFORE INCOME TAXES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (988,715 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (3,095,881 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (2,924,673 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (6,084,166 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth40 bwpadl3" rowspan="1" colspan="1"> Income Tax Benefit </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 599,995 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 1,177,395 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> NET LOSS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (988,715 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (2,495,886 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (2,924,673 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (4,906,771 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> NET LOSS PER SHARE </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth40 bwpadl3" rowspan="1" colspan="1"> Basic </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (0.02 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (0.05 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (0.06 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (0.11 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth40 bwpadl3" rowspan="1" colspan="1"> Diluted </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> (0.02 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> (0.05 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> (0.06 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> (0.11 </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadb4 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth40" rowspan="1" colspan="1"> WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth40" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth40 bwpadl3" rowspan="1" colspan="1"> Basic </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 45,811,373 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 45,606,603 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 45,761,799 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 45,547,427 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth40 bwpadl3" rowspan="1" colspan="1"> Diluted </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 45,811,373 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 45,606,603 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 45,761,799 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 45,547,427 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td colspan="8" class="bwpadl0 bwalignc" rowspan="1"> KORU MEDICAL SYSTEMS, INC. STATEMENTS OF CASH FLOWS (UNAUDITED) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwpadl0" rowspan="1"> For the Six Months Ended </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> June 30, </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> CASH FLOWS FROM OPERATING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Net Loss </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (2,924,673 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (4,906,771 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Adjustments to reconcile net loss to net cash used in operating activities: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl6" rowspan="1" colspan="1"> Stock-based compensation expense and warrant expense </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 1,314,384 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 1,681,955 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl6" rowspan="1" colspan="1"> Depreciation and amortization </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 449,233 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 426,036 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl6" rowspan="1" colspan="1"> Deferred income taxes </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (1,177,395 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl6" rowspan="1" colspan="1"> Loss on disposal of fixed assets </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 300 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 56,279 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl6" rowspan="1" colspan="1"> Non-cash lease adjustments </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (10,994 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (10,994 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Changes in operating assets and liabilities: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl6" rowspan="1" colspan="1"> Accounts receivable </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (1,800,871 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (239,590 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl6" rowspan="1" colspan="1"> Inventory </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 892,551 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 1,126,643 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl6" rowspan="1" colspan="1"> Prepaid expenses and other assets </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 774,313 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 687,994 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl6" rowspan="1" colspan="1"> Other liabilities </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (64,731 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> 5,916 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl6" rowspan="1" colspan="1"> Accounts payable </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 620,498 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (817,169 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl6" rowspan="1" colspan="1"> Accrued payroll and related taxes </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (18,691 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (119,776 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl6" rowspan="1" colspan="1"> Accrued expenses </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 433,296 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (1,527,648 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl0" rowspan="1" colspan="1"> NET CASH USED IN OPERATING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (335,385 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (4,814,520 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl0" rowspan="1" colspan="1"> CASH FLOWS FROM INVESTING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Purchases of property and equipment </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (257,367 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (375,246 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Purchases of intangible assets </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (24,216 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (17,298 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl0" rowspan="1" colspan="1"> NET CASH USED IN INVESTING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (281,583 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (392,544 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl0" rowspan="1" colspan="1"> CASH FLOWS FROM FINANCING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Payments on insurance finance indebtedness </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (314,344 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth12" rowspan="1" colspan="1"> (433,295 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Payments on finance lease liability </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (53,995 </td> <td class="bwpadl0 bwvertalignb bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (48,493 </td> <td class="bwpadl0 bwvertalignb bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Payments for taxes related to net share settlement of equity awards </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> (38,932 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> NET CASH USED IN FINANCING ACTIVITIES </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (407,271 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (481,788 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> NET DECREASE IN CASH AND CASH EQUIVALENTS </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (1,024,239 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> (5,688,852 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 11,482,240 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12" rowspan="1" colspan="1"> 17,408,257 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> CASH AND CASH EQUIVALENTS, END OF PERIOD </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 10,458,001 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 11,719,405 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> Supplemental Information </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Cash paid during the periods for: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Interest </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 20,491 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 20,165 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth70 bwpadl3" rowspan="1" colspan="1"> Income taxes </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwwidth12" rowspan="1" colspan="1"> 3,160 </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth70" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" rowspan="1" colspan="1"> Schedule of Non-Cash Operating, Investing and Financing Activities: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth12" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth70 bwpadl3" rowspan="1" colspan="1"> Issuance of common stock as compensation </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 221,182 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwrowaltcolor1 bwwidth12" rowspan="1" colspan="1"> 266,023 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td colspan="14" class="bwpadl0 bwalignc" rowspan="1"> KORU MEDICAL SYSTEMS, INC. SUPPLEMENTAL INFORMATION (UNAUDITED) </td> </tr> <tr> <td class="bwpadl0 bwwidth39" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td colspan="5" class="bwpadl0" rowspan="1"></td> <td class="bwpadl0 bwwidth2" rowspan="1" colspan="1"></td> <td colspan="5" class="bwpadl0" rowspan="1"></td> <td class="bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwpadl0" colspan="14" rowspan="1"> A reconciliation of our non-GAAP measures is below: </td> </tr> <tr> <td class="bwpadl0 bwwidth39" rowspan="1" colspan="1"></td> <td class="bwpadl0 bwwidth1" rowspan="1" colspan="1"></td> <td colspan="5" class="bwpadl0" rowspan="1"></td> <td class="bwpadl0 bwwidth2" rowspan="1" colspan="1"></td> <td colspan="5" class="bwpadl0" rowspan="1"></td> <td class="bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth39" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwpadl0" rowspan="1"> Three Months Ended </td> <td class="bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwpadl0" rowspan="1"> Six Months Ended </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth39" rowspan="1" colspan="1"> Reconciliation of GAAP Net (Loss) </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> June 30, </td> <td class="bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> June 30, </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth39" rowspan="1" colspan="1"> to Non-GAAP Adjusted EBITDA: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth39" rowspan="1" colspan="1"> GAAP Net Loss </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (988,715 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (2,495,886 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (2,924,673 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (4,906,771 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth39 bwpadl3" rowspan="1" colspan="1"> Tax (Benefit)/Expense </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (189,754 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (599,995 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (578,429 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (1,177,395 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth39 bwpadl3" rowspan="1" colspan="1"> Allowance for DTA </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 189,754 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 578,429 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth39 bwpadl3" rowspan="1" colspan="1"> Reorganization Charges </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 99,329 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> — </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth39 bwpadl3" rowspan="1" colspan="1"> Depreciation and Amortization </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 217,864 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 212,919 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 449,233 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 426,036 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth39 bwpadl3" rowspan="1" colspan="1"> Interest (Income)/Expense, Net </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (213,999 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (188,126 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (251,186 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (256,669 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth39 bwpadl3" rowspan="1" colspan="1"> Stock-based Compensation Expense </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 614,666 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 800,733 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 1,314,384 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 1,681,955 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth39 bwpadl3" rowspan="1" colspan="1"> Non-GAAP Adjusted EBITDA </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (370,184 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (2,270,355 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (1,312,913 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> (4,232,844 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth39" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth39" rowspan="1" colspan="1"> Weighted average number of common shares </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 45,811,373 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 45,606,603 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 45,761,799 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 45,547,427 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tr> <td class="bwvertalignb bwpadl0 bwwidth39" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwpadl0" rowspan="1"> Three Months Ended </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="6" class="bwvertalignb bwpadl0" rowspan="1"> Six Months Ended </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth39" rowspan="1" colspan="1"> Reconciliation of Reported Diluted EPS </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="5" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> June 30, </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="6" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> June 30, </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwsinglebottom bwwidth39" rowspan="1" colspan="1"> to Non-GAAP Adjusted Diluted EPS: </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2024 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td colspan="3" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignc" rowspan="1"> 2023 </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth39" rowspan="1" colspan="1"> Reported Diluted Earnings Per Share </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (0.02 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (0.05 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (0.06 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (0.11 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwwidth39 bwpadl3" rowspan="1" colspan="1"> Depreciation and Amortization </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 0.00 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 0.00 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwwidth11" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth39 bwpadl3" rowspan="1" colspan="1"> Stock-based Compensation Expense </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 0.01 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 0.02 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 0.03 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> 0.04 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwwidth39 bwpadl3" rowspan="1" colspan="1"> Tax (Expense) Adjustment </td> <td class="bwvertalignb bwpadl0 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 0.00 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> (0.01 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> 0.00 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwwidth2" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth11" rowspan="1" colspan="1"> (0.03 </td> <td class="bwvertalignb bwpadl0 bwwidth2" rowspan="1" colspan="1"> ) </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor1 bwwidth39 bwpadl3" rowspan="1" colspan="1"> Non-GAAP Adjusted Diluted Earnings Per Share </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth1" rowspan="1" colspan="1"> </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (0.01 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (0.04 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (0.02 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> $ </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor1 bwwidth11" rowspan="1" colspan="1"> (0.09 </td> <td class="bwvertalignb bwpadl0 bwrowaltcolor1 bwwidth2" rowspan="1" colspan="1"> ) </td> </tr> </table> *Numbers presented are rounded to the nearest whole cent Allowance for nonrealization of deferred tax assets (DTA). We have excluded the effect of recording a full valuation allowance on our deferred tax assets in the second quarter ended 2024 in the amount of $0.2 million. It was determined that no valuation allowance was necessary in the second quarter ended 2023. Reorganization Charges. We have excluded the effect of reorganization charges in calculating our non-GAAP measures. In 2024 we incurred severance expenses related to the reorganization of the leadership team, which we would not have otherwise incurred in periods presented as part of continuing operations. Stock-based Compensation Expense. We have excluded the effect of stock-based compensation expense in calculating our non-GAAP measures. We record non-cash compensation expenses related to grants of equity-based awards for executives, employees, consultants, and directors. Depending upon the size, timing and the terms of the grants, the non-cash compensation expense may vary significantly but is expected to recur in future periods. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20240807956523/en/" rel="nofollow">https://www.businesswire.com/news/home/20240807956523/en/</a> Investor Contact: Louisa Smith <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems, Inc. ]]></content:encoded> </item> <item> <title>KORU Medical Systems to Participate in the Canaccord Genuity 44th Annual Growth Conference</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/162/koru-medical-systems-to-participate-in-the-canaccord</link> <pubDate>Thu, 25 Jul 2024 16:05:00 -0400</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/162/koru-medical-systems-to-participate-in-the-canaccord</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will participate in the Canaccord Genuity 44th Annual Growth Conference on August 14, 2024. KORU Medical's management is scheduled to present at the Canaccord Genuity 44th Annual Growth Conference on August 14, 2024, at 8:30 am ET. Interested parties can access the live and archived webcast on the <a rel="nofollow" href="https://www.korumedical.com/investors/news-events" shape="rect">News/Events</a> page of the Investors section of KORU Medical’s website at <a rel="nofollow" href="http://www.korumedical.com" shape="rect">www.korumedical.com</a>. About KORU Medical Systems KORU Medical Systems develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (the “Freedom System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="http://www.korumedical.com/" shape="rect">www.korumedical.com</a>. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20240725462010/en/" rel="nofollow">https://www.businesswire.com/news/home/20240725462010/en/</a> Investor Contact: Greg Chodaczek 347-620-7010 <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems ]]></content:encoded> </item> <item> <title>KORU Medical Systems, Inc Announces Leadership Changes to Support Growth Agenda</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/161/koru-medical-systems-inc-announces-leadership-changes-to</link> <pubDate>Wed, 24 Jul 2024 16:05:00 -0400</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/161/koru-medical-systems-inc-announces-leadership-changes-to</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems, Inc. (NASDAQ: KRMD) ("KORU Medical" or the "Company"), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced the promotion of Christopher Pazdan, to Chief Operating Officer, effective July 18, 2024. Mr. Pazdan has been with the organization since 2021, and last served as the Company’s Senior Vice President of Operations overseeing Quality, Regulatory, Operations, Supply Chain and Project Management. In his role as COO, Chris will also oversee the Research and Development organization and be responsible for the Company’s product development pipeline and innovation efforts. “As we drive forward in our next chapter of innovation and growth, I am thrilled to welcome Chris to the newly created role of Chief Operating Officer. We are focused on delivering on our growth agenda, and believed it was important to bring our cross-functional project teams together under one leader to better serve customer needs. Chris has proven himself as a transformative business leader, consistently delivering measurable results, and inspiring our team with his drive and collaborative approach,” said Linda Tharby, President, and CEO. “He knows our business and culture well, which will enable him to effectively lead cross functional teams in the launch of key new products and as we continue to expand our leadership position in large volume subcutaneous infusion with new drug therapies. I am confident that he will continue to have a tremendous impact on our long-term success in his new role as COO.” Chris joined KORU Medical Systems in 2021, as Vice President of Quality Assurance and Regulatory Affairs. In 2022, he was promoted to Senior Vice President of Operations, which included leading manufacturing, supply chain and the project management office. Chris brings more than 20 years of experience in the medical device industry including leadership roles at Hill-Rom and Becton Dickinson (formerly CareFusion/Cardinal Health) across a variety of strategic functions and roles. Mr. Pazdan added, "In my expanded role as Chief Operating Officer I will prioritize a continued focus around implementing technology and innovation strategies that enable KORU Medical to reach its full potential as a drug delivery partner of choice, while also relentlessly meeting the needs of patients and customers.” As part of this transition, Brian Case, Chief Technology Officer, will be leaving the Company on September 16, 2024. “I would like to thank Brian for his contributions to KORU Medical and his role in building a strong research and development team and new product development process. We wish him the very best in his future endeavors,” said Tharby. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including but not limited to those relating to the launch of key new products and expansion into new drug therapies. Actual results may differ materially from these statements due to potential risks and uncertainties such as, among others, those risks and uncertainties included under the captions "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, which is on file with the SEC and available on our website at <a rel="nofollow" href="http://www.korumedical.com/investors" shape="rect">www.korumedical.com/investors</a> and on the SEC website at <a rel="nofollow" href="http://www.sec.gov" shape="rect">www.sec.gov</a>. All information provided in this release and in the attachments is as of July 24, 2024. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. About KORU Medical Systems KORU Medical Systems develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (the “Freedom System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="http://www.korumedical.com/" shape="rect">www.korumedical.com</a>. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20240724840034/en/" rel="nofollow">https://www.businesswire.com/news/home/20240724840034/en/</a> Investor Contact: Greg Chodaczek 347-620-7010 <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems, Inc. ]]></content:encoded> </item> <item> <title>KORU Medical Systems to Report Second Quarter 2024 Financial Results on August 7, 2024</title> <link>https://www.korumedical.com/investors/news-events/press-releases/detail/160/koru-medical-systems-to-report-second-quarter-2024</link> <pubDate>Wed, 17 Jul 2024 16:05:00 -0400</pubDate> <guid isPermaLink="true">https://www.korumedical.com/investors/news-events/press-releases/detail/160/koru-medical-systems-to-report-second-quarter-2024</guid> <content:encoded><![CDATA[ MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems (NASDAQ: KRMD) (“KORU Medical” or the “Company”), a leading medical technology company focused on development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced that the Company will report second quarter 2024 financial results on Wednesday, August 7, 2024. KORU Medical’s management will host a conference call and webcast at 4:30 p.m. ET that day to discuss the financial results and provide a corporate update. Conference Call and Webcast Details The conference call can be accessed by dialing (877)-407-0784 for participants in the U.S. or Canada and (201)-689-8560 for international callers. A live and archived webcast of the event can be accessed via the IR Calendar on the <a rel="nofollow" href="https://www.korumedical.com/investors/news-events" shape="rect">News/Events</a> page of the Investors section of KORU Medical’s website at <a rel="nofollow" href="http://www.korumedical.com" shape="rect">www.korumedical.com</a>. The archived webcast will be available for six months. About KORU Medical Systems KORU Medical Systems develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The FREEDOM Syringe Infusion System (the “Freedom System”) currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Novel Therapies business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit <a rel="nofollow" href="http://www.korumedical.com/" shape="rect">www.korumedical.com</a>. View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20240717571985/en/" rel="nofollow">https://www.businesswire.com/news/home/20240717571985/en/</a> Investor Contact: Greg Chodaczek 347-620-7010 <a rel="nofollow" href="mailto:investor@korumedical.com" shape="rect">investor@korumedical.com</a> Source: KORU Medical Systems ]]></content:encoded> </item> </channel> </rss>