UNITED STATES

SECURITIES AND EXCHANGE ~~COMMISSION~~COMMISSION0630

Washington, D.C. 20549

FORM 10-Q

☑ QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED ~~March~~June 3130, 2022.

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 000-54918

MCX TECHNOLOGIES CORPORATION

(Exact name of registrant as specified in its charter)

California

(State or other jurisdiction of incorporation or organization)

26-0030631

(I.R.S. Employer Identification No.)

176 South Capital Blvd.

Boise, Idaho 83702

(Address of principal executive offices, including zip code)

216-264-0055

(Registrant's telephone number, including area code)

20046 Walker Road

Shaker Heights, OH 44122

(Former address of principal executive offices, including zip code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer	☐	Accelerated Filer	☐
Non-accelerated Filer	☑	Smaller Reporting Company	☑
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	N/A	N/A

Indicated the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 20,426,158 as of ~~May~~August 1625, 2022.

MCX Technologies Corporation

Form 10-Q Quarterly Report

TABLE OF CONTENTS

		Page No.
	Part I. - Financial Information	3
Item 1.	Financial Statements.	3
	Consolidated Balance Sheets as of March 31, 2022 (unaudited) and December 31, 2021.	3
	Consolidated Balance Sheets as of June 30, 2022 (unaudited) and December 31, 2021.	3
	Consolidated Statements of Operations for the three months ended March 31, 2022 and 2021 (unaudited).	4
	Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021 (unaudited).	4
	Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March 31, 2022 and 2021 (unaudited).	5
	Consolidated Statements of Changes in Shareholders’ Equity for the three and six months ended June 30, 2022 and 2021 (unaudited).	5
	Consolidated Statements of Cash Flows for the three months ended March 31, 2022 and 2021 (unaudited).	6
	Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021 (unaudited).	6
	Notes to Consolidated Financial Statements (unaudited).	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	10
Item 3.	Quantitative and Qualitative Disclosure about Market Risk.	1314
Item 4.	Controls and Procedures.	1314
	Part II. - Other Information	1415
Item 1.	Legal Proceedings.	1415
Item 1A.	Risk Factors.	1415
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	1415
Item 3.	Defaults Upon Senior Securities.	1415
Item 4.	Mine Safety Disclosures.	1415
Item 5.	Other Information.	1415
Item 6.	Exhibits.	1516
Signatures		1617

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

MCX Technologies Corporation

Consolidated Balance Sheets

	March 31,			December 31,
	June 30,			December 31,
	2022			2021
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	8114,~~539~~037		$	51,393
Accounts receivable		40,000			170,874
Total current assets		~~121~~54,~~539~~037			222,267
Long term assets:
Land		-			85,000
Notes receivable - related party		~~426~~367,~~216~~568			485,367
Total assets	$	~~547~~421,~~755~~605		$	792,634
Liabilities and Shareholders' Equity
Liabilities:
Accounts payable and accrued liabilities	$	~~123~~104,~~224~~668		$	163,980
Deferred revenue		8,745			8,745
Total current liabilities		~~131~~113,~~969~~413			172,725
Total liabilities		~~131~~113,~~969~~413			172,725
Shareholders' equity:
Common stock, no par value, 500,000,000 shares authorized, 20,426,158 shares issued and outstanding at March 31, 2022 and December 31, 2021		-			-
Common stock, no par value, 500,000,000 shares authorized, 20,426,158 shares issued and outstanding at June 30, 2022 and December 31, 2021		-			-
Additional paid-in capital		6,620,217			6,620,217
Accumulated deficit		(6,~~204~~312,~~431~~025	)		(6,000,308	)
Total shareholders' equity		~~415~~308,~~786~~192			619,909
Total liabilities and shareholders' equity	$	~~547~~421,~~755~~605		$	792,634

The accompanying notes are an integral part of these unaudited consolidated financial statements.

MCX Technologies Corporation

Consolidated Statements of Operations

(unaudited)

	Three Months Ended						Six Months Ended
	March 31,
	June 30,						June 30,
	2022			2021			2022			2021
Revenue, net	$	4151,~~176~~488		$	~~106~~202,~~710~~606		$	92,664		$	309,316
Cost of goods sold		7919,~~386~~964			7742,~~171~~998			99,350			120,169
Gross profit		(38,210	)		29,539
Gross profit (loss)		31,524			159,608			(6,686	)		189,147
Expenses
Salaries and wages		-			15,557			-			31,114
Contract services		~~75,212~~-			5152,~~996~~265			75,212			104,261
Other general and administrative		74145,~~367~~409			32134,~~411~~179			219,776			166,590
Total expenses		~~149~~145,~~579~~409			99202,~~964~~001			294,988			301,965
Net operating loss		(~~187~~113,~~789~~885	)		(7042,~~425~~393	)		(301,674	)		(112,818	)
Other income (expense)		~~(16~~6,~~334~~291	)		~~3,032~~466			(10,043	)		3,498
Net loss	$	(~~204~~107,~~123~~594	)	$	(6741,~~393~~927	)	$	(311,717	)	$	(109,320	)
Loss per share, basic and diluted	$	(0.01	)	$	(0.00	)
Loss per share-basic and diluted	$	(0.01	)	$	(0.00	)	$	(0.02	)	$	(0.01	)
Weighted average shares outstanding, basic and diluted		20,426,158			20,426,158
Weighted average common shares outstanding-basic and diluted		20,426,158			20,426,158			20,426,158			20,426,158

The accompanying notes are an integral part of these unaudited consolidated financial statements.

MCX Technologies Corporation

Consolidated Statements of Changes in Shareholders’ Equity

Three and Six Months Ended ~~March~~June 3130, 2022 and 2021

(unaudited)

							Retained
	Three and Six Months Ended June 30, 2022
					Additional		Earnings
	Common Stock				Additional Paid in		Retained Earnings (Accumulated
	Common Stock				Paid in		(Accumulated
	Shares		Amount		Capital		Deficit)			Total
Balance at December 31. 2021		20,426,158				6,620,217		(6,000,308	)		619,909
Balance at December 31, 2021		20,426,158	$	-	$	6,620,217	$	(6,000,308	)	$	619,909
Net loss		-		-		-		(204,123	)		(204,123	)
Balance at March 31, 2022		20,426,158		-		6,620,217		(6,204,431	)		415,786
Net loss		-		-		-		(107,594	)		(107,594	)
Balance at June 30, 2022		20,426,158	$	-	$	6,620,217	$	(6,312,025	)	$	308,192

							Retained
	Three and Six Months Ended June 30, 2021
					Additional		Earnings
	Common Stock				Additional Paid in		Retained Earnings (Accumulated
	Common Stock				Paid in		(Accumulated
	Shares		Amount		Capital		Deficit)			Total
Balance at December 31. 2020		20,426,158	$	-	$	6,581,151	$	(5,639,630	)	$	941,521
Balance at December 31, 2020		20,426,158	$	-	$	6,581,151	$	(5,639,630	)	$	941,521
Stock based compensation - stock options		-		-		15,557		-			15,557
Net loss		-		-		-		(67,393	)		(67,393	)
Balance at March 31. 2021		20,426,158		-		6,596,708		(5,707,023	)	$	889,685
Balance at March 31, 2021		20,426,158		-		6,596,708		(5,707,023	)		889,685
Stock based compensation - stock options						12,825					12,825
Net loss								(41,927	)		(41,927	)
Balance at June 30, 2021		20,426,158	$	-		6,609,533	$	(5,748,950	)	$	860,583

The accompanying notes are an integral part of these unaudited consolidated financial statements.

MCX Technologies Corporation

Consolidated Statements of Cash Flows

(unaudited)

	Three Months Ended
	Six Months Ended
	March 31,
	June 30
	2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(~~204~~311,~~123~~717	)	$	(67109,~~393~~320	)
Adjustments to reconcile net loss to net cash used in operations:
Stock compensation expense		-			1528,~~557~~382
Gain on the sale of land		(1,530	)		-
Changes in operating assets and liabilities:
Accounts receivable		130,874			-(66,013	)
Other assets		-			41,~~079~~871
Accounts payable and accrued liabilities		(4059,~~756~~312	)		~~(28,216~~900	)
Deferred revenue		-			37(88,~~952~~691	)
Net cash used in operating activities		(~~115~~241,~~535~~685	)		(38232,~~021~~871	)
INVESTING ACTIVITIES
Cash received from sale of land		86,530			-
Cash received from notes receivable - related party		59117,~~151~~799			2143,~~876~~752
Net cash provided by investing activities		~~145~~204,~~681~~329			2143,~~876~~752
Decrease in cash and cash equivalents		30(37,~~146~~356	)		(16189,~~145~~119	)
Cash and cash equivalents, beginning of period		51,393			297,965
Cash and cash equivalents, end of period	$	8114,~~539~~037		$	~~281~~108,~~820~~846
Supplemental disclosure of cash flow information:
Cash paid for interest	$	-		$	-199
Cash paid for income taxes		-			-

The accompanying notes are an integral part of these unaudited consolidated financial statements.

MCX TECHNOLOGIES CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

~~March~~June 3130, 2022

(unaudited)

Note 1: Organization and Basis of Presentation

MCX Technologies Corporation (“we,” “us,” “our,” or the “Company”) is a Web 3 company focused on powering innovation for the Metaverse. The Company is dedicated to delivering experiences that connect the web 3 virtual worlds and the physical worlds. During 2021, through our subsidiary The Collective Experience LLC we generated revenue by delivering digital transformation solutions to customer centric organizations through integrated marketing, data science, and commerce. We are now transitioning the focus of the Company toward Web 3 technologies. The Company operated as The Innes Group, Inc., d/b/a MCorp Consulting until filing a Certificate of Amendment to the Articles of Incorporation renaming the Company Touchpoint Metrics, Inc., effective October 18, 2011. During Q1 2015, the Company filed a d/b/a (doing business as) with the State of California Secretary of State to begin doing business as McorpCX. On June 11, 2015, at our Annual General Meeting, shareholders passed a resolution to change the name of the Company to McorpCX, Inc. On June 29, 2020, at our Annual General Meeting, in connection with the sale of McorpCX, LLC, shareholders passed a resolution to change the name of the Company to MCX Technologies Corporation. On November 12, 2020, the Company formed The Collective Experience, LLC in Delaware (the “Collective Experience”). ~~The~~As ~~Company~~of isApril ~~currently~~1, ~~providing~~2022 ~~all~~MCX ofwill ~~its~~no ~~customer~~longer ~~relations~~be ~~management~~signing ~~consulting~~new ~~services,~~client ~~which~~engagements iswithin ~~the~~TCE ~~Company’s~~as ~~sole~~we ~~revenue~~are ~~generating~~not ~~operation,~~pursuing ~~through~~that ~~the~~segment ~~Collective~~in ~~Experience~~order to focus on Web 3 technologies and powering the Metaverse.

We are currently focused on delivering digital transformation solutions to customer-centric organizations through integrated marketing, data science, analytics, commerce, and machine learning. In addition, we are seeking to invest in cyber-currency and decentralized finance technologies to support the Always-On Economy. We were previously engaged in the more narrowly focused business of solely delivering consulting and professional services that were designed to help corporations improve their customer listening and customer management capabilities (or defined as CX management solutions).

The Company is subject to risks and uncertainties as a result of the COVID-19 pandemic. COVID-19 infections and health risks, including from variants, continue.

The severity of the impact of the COVID-19 pandemic on the Company's business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company's customers, all of which are uncertain and cannot be predicted. The Company's future results of operations and liquidity could be adversely impacted by delays in payments of outstanding receivable amounts beyond normal payment terms, supply chain disruptions and uncertain demand, and the impact of any initiatives or programs that the Company may undertake to address financial and operational challenges faced by its customers.

As of the date of issuance of these consolidated financial statements and for the ~~three~~six months ended ~~March~~ 31June 30,2022, the Company has not had any significant financial losses and the Company’s liquidity has not been negatively impacted as a result of the COVID-19 pandemic, but the extent to which the COVID-19 pandemic may materially impact the Company's future financial condition, liquidity, or results of operations remains uncertain.

The consolidated financial statements and related disclosures as of and for the three and six months ended ~~March~~ 31June 30 ,2022 and 2021, are unaudited, pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC"). The consolidated balance sheet as of December 31, 2021 was derived from the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been condensed or omitted pursuant to such rules and regulations. In our opinion, these consolidated financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for the fair statement of the results for the interim periods. These consolidated financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report for the year ended December 31, 2021, filed on Form 10-K with the SEC on April 15, 2022. The results of operations for the three and six months ended ~~March~~ 31June 30, 2022 are not necessarily indicative of the results to be expected for the full year.

Note 2: Recent Accounting Pronouncements

The Company reviewed newly issued accounting pronouncements and concluded that they either are not applicable to the Company's operations or that no material effect is expected on the Company's financial statements upon future adoption.

Note 3: Revenues

Consulting Service Revenues

As of ~~March~~ ~~31,~~June 30 2022, our only source of revenue from continued operations iswas derived from engagements managed within our wholly owned subsidiary, The Collective Experience LLC (“TCE”) that is providing digital Transformation services include brand strategy, data science, pricing science, customer experience management consulting and implementation in support of these strategies. The consulting services are contracted under master terms and conditions with statements of work (“SOW”) defined for each project. A typical consulting SOW will span a period of 60-180 days and will usually be billed to the client based on certain milestones being achieved throughout the SOW. The Company recognizes revenue based upon a percentage of completion of each SOW during each project. In addition, we typically incur travel and other miscellaneous expenses during work on each SOW which we bill to our clients for reimbursement. The travel and miscellaneous expenses are recognized in revenue on a percentage of work complete basis. In addition, some clients will enter into annual or long-term contracts that will have a monthly retainer for general consulting and project services. The revenue for these engagements is recognized on straight-line basis monthly during the term of the contract. As of April 1, 2022 MCX will no longer be signing new client engagements within TCE as we are not pursuing that segment in order to focus on Web 3 technologies and powering the Metaverse.

Accrued Revenues

The timing of revenue recognition, invoicing and cash collections affect trade accounts receivable and accrued revenue on the Consolidated Balance Sheets. Accrued revenue represents revenue on contracts that is recognized according to performance obligations being met and exceeds the amount that has been billed to the customer. Accrued revenue is separately presented in the Consolidated Balance Sheets.

Deferred Revenues (Contract Liabilities)

The Company records deferred revenues when cash payments are received, including amounts which are refundable.

Payment terms vary by customer and the products or services offered. For certain products or services and customer types, full or a partial payment of the entire contract is required before the products or services are delivered to the customer.

During the ~~three~~six months ended ~~March~~ 31June 30, 2022 there was no revenue recognized related to our contract liabilities included in deferred revenue of $8,745 at December 31, 2021. During the ~~three~~six months ended ~~March~~ 31June 30, 2021 there was $24131,~~194~~252 revenue recognized related to our contract liabilities included in deferred revenue at December 31, 2020.

Contract Assets

Given the nature of the Company’s services and contracts, it has no contract assets.

Practical Expedients and Exemptions

The Company generally expenses sales commissions when incurred because the amortization period would have been one year or less and the commissions are only due and payable upon receipt of payment from the client. These costs are recorded within sales and marketing expenses.

The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

Note 4: Stock-Based Compensation

Our stock-based compensation plan was originally established in 2008. The shares of our common stock issuable pursuant to the terms of such plan (the “Plan Shares”) could not exceed 30% of any outstanding issue or 2,500,000 shares, whichever was the lower amount.

In December 2015, we adopted a revised share option plan in which Plan Shares cannot exceed 10% of the total issued and outstanding shares at any given time. All stock option grants have an exercise price equal to the fair market value of our common stock on the date of the grant and all option grants have a 10-year term. This share option plan was initially approved by the Company’s shareholders at the annual meeting of shareholders on August 10, 2016 and is required to be re-approved at each subsequent annual meeting of the Company’s stockholders since that date, in accordance with applicable TSX-V rules.

To calculate the fair value of stock options at the date of grant, we use the Black-Scholes option pricing model. The volatility used is based on a blended historical volatility of our own stock and similar sized companies due to the limited historical data available for our own stock price. The expected term was determined based on the simplified method outlined in Staff Accounting Bulletin No. 110. The risk-free interest rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

The following table summarizes our stock option activity for the ~~three~~six months ended ~~March~~ 31June 30, 2022:

			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Intrinsic
	Shares		Price		Term (in years)		Value
Outstanding at December 31, 2021		690,000	$	0.23		6.63		-
Granted		-
Exercised		-
Forfeited or expired		-
Outstanding at March 31, 2022		690,000	$	0.23		6.38	$	-
Outstanding at June 30, 2022		690,000	$	0.23		3.13	$	-
Exercisable at March 31, 2022		690,000	$	0.23		6.38	$	-
Exercisable at June 30, 2022		690,000	$	0.23		3.13	$	-

As of ~~March~~ 31June 30, 2022, 690,000 stock options were exercisable and all were vested. There was no unrecognized compensation expense from stock options as of ~~March~~ 31June 30, 2022.

There were no options granted during the ~~three~~six months ended ~~March~~ 31June 30, 2022.

Note 5: Sale of Land

On March 28, 2022, the Company completed the sale of a piece of vacant land that it owned. The sale price for the property was $86,530 after commissions and fees.

Note 6: Going Concern

The accompanying consolidated financial statements and notes have been prepared assuming that the Company will continue as a going concern.

We have had material operating losses and have not yet created positive cash flows for a full fiscal year. These factors raise substantial doubt as to our ability to continue as a going concern. On August 3, 2020, the Company completed the sale of all of the membership interests in McorpCX, LLC, of which the proceeds of $1,108,000, consisting of $352,000 in cash and a $756,000 promissory note,. As of ~~which~~June 30, 2022, the balance on the note receivable is $367,568 and the Company continues to receive $20,000 per month in payments from the purchaser of ~~McoorpCX~~McorpCX LLC . These measures are expected to enable us to meet our liquidity needs over the next 12 months. Notwithstanding the foregoing, our ability to continue as a going concern is entirely dependent upon our ability to achieve a level of profitability, and/or to raise additional capital through debt financing and/or through sales of common stock. We cannot provide any assurance that profits from operations, if any, will generate sufficient cash flow to meet our working capital needs and service our existing obligations, nor that sufficient capital can be raised through debt or equity financing. The consolidated financial statements do not include adjustments related to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should we be unable to continue as a going concern.

Note 7: Basic and Diluted Net Income / (Loss) per Share

Net income (loss) per share was computed by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. The weighted average number of shares was calculated by taking the number of shares outstanding and weighting them by the amount of time that they were outstanding. For the three and six months ended ~~March~~ 31June 30, 2022 and 2021, the assumed exercise of share options is anti-dilutive and are excluded from the determination of net income (loss) per share – basic and diluted. The share options were anti-dilutive due to the Company’s net loss or the Company’s common stock average market price was less than the share options exercise price. Accordingly, net income/(loss) per share basic and diluted are equal in all periods presented. Securities that were not included in the diluted per share calculations because they would be anti-dilutive were options to purchase common stock of 690,000 and 460,000 for the ~~three~~six months ended ~~March~~ 31June 30, 2022 and 2021, respectively.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Cautionary Statement

This Management’s Discussion and Analysis includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: “believe,” “expect,” “plan”, “estimate,” “anticipate,” “intend,” “project,” “will,” “predicts,” “seeks,” “may,” “would,” “could,” “potential,” “continue,” “ongoing,” “should” and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this Form 10-Q. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or from our predictions. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.

Unless the context otherwise requires, all references to “we,” “us,” “our” or the “Company” are to MCX Technologies Corporation and our subsidiaries.

Critical Accounting Policies and Estimates

Our financial statements are prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses and related disclosures. We evaluate our estimates and assumptions on an ongoing basis. Our estimates are based on historical experience and various other assumptions that we believe to be reasonable under the circumstances. Our actual results could differ from these estimates. We believe that the assumptions and estimates associated with revenue recognition, income taxes, stock-based compensation, research and development costs and impairment of long-lived assets have the greatest potential impact on our financial statements. Therefore, we consider these to be our critical accounting policies and estimates.

A description of the Company’s critical accounting policies and related judgments and estimates that affect the preparation of the Company’s financial statements is set forth in under the heading “Critical Accounting Policies and Estimates” in Item 7, Management’s Discussion and Analysis of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. ~~With~~Such ~~the exception of the policy adoptions discussed in Note 3 of the Notes to the Consolidated Financial Statements included with this report, such~~ policies were unchanged during the ~~three~~six months ended ~~March~~June 3130, 2022.

Overview

We are a Web 3 company focused on powering innovation for the Metaverse. The Company is dedicated to delivering experiences that connect the Web 3 virtual worlds and our physical world. During 2021, through our subsidiary The Collective Experience LLC we generated revenue by delivering digital transformation solutions to customer centric organizations through integrated marketing, data science, and commerce. We are now in the process of transitioning the focus of the Company toward the development and/or implementation of Web 3 technologies.

The Company formed a wholly owned subsidiary, McorpCX, LLC (“McorpCX LLC”) as a limited liability company in the state of Delaware on December 14, 2017. On August 16, 2018, the Company entered into a contribution agreement with McorpCX LLC pursuant to which the Company transferred to McorpCX LLC all the Company’s assets and liabilities related to the Company’s customer experience consulting business, excluding the underlying technology and databases related thereto which remained with the Company.

Effective August 3, 2020, the Company sold all of its membership interests in McorpCX, LLC to mfifty, LLC, a California limited liability company controlled by Michael Hinshaw, the then current President of McorpCX LLC (the “Purchaser”). Since the Company’s professional and related consulting services business, which constituted substantially all of the Company’s operations at the time of the sale of McorpCX LLC, was conducted through McorpCX LLC, the sale of McorpCX LLC represented a strategic shift that had a major effect on the Company’s operations and financial results.

As consideration for the sale of McorpCX LLC, the Company received a total of $352,000 in cash consisting of $100,000 received upon the signing of the purchase agreement and $252,000 received at the closing of the transaction along with a $756,000 promissory note. The promissory note has an initial annual interest rate of 0.99% (to be recalculated at the end of each twelve-month period subsequent to the date of the note based on the annual Applicable Federal Rate for mid-term loans on the first business day following each such twelve-month period) accruing daily on the outstanding balance of the note, and monthly principal payments are payable to the Company over a term of four or more years. Monthly principal payments to the Company were initially $7,292 per month for the first twelve months following the date of the note, and then during each subsequent twelve-month period are based on the annual revenues of McorpCX, LLC. On June 11, 2021, the Company and the Purchaser entered into an amendment to the promissory note whereby the Purchaser agreed to pay the Company One Hundred Thousand Dollars ($100,000) on or before July 1, 2021 to be applied towards the outstanding principal amount of the promissory note and then going forward to pay the remaining principal amount in installments of Twenty Thousand Dollars ($20,000) each due on the first day of each month commencing on August 1, 2021 until the principal amount is paid in full, with the final payment being the remaining unpaid outstanding balance due at that time. The amendment to the promissory note also provides that the promissory note will be considered paid in full if any of the following occurs: (i) the Purchaser pays at least 90% of the outstanding balance due (principal and interest) under the promissory note by December 31, 2021; (ii) the Purchaser pays at least 95% of the outstanding balance due under the promissory note by June 30, 2022; and (iii) the Purchaser pays at least 97.5% of the outstanding balance due (principal and interest) under the promissory note by December 31, 2022. The Company has received ~~the~~a ~~initial~~total ~~$100,000 payment and the first few payments in the amount~~ of $~~160~~427,~~000~~830 as of the date of this report. The note is secured by the Purchaser's ownership interest in McorpCX LLC.

Our vision is to create a protocol to connect the Metaverse to the Physical world. We see a decentralized approach where there is personalized value exchange between individuals, brands and peer to peer. This focus supports our vision as a technology and service provider to virtual and physical Web 3.0 technologies. MCX sees the future building on top of Web 3.0 platforms to connect the metaverse to the physical worlds. We believe these platforms will: 1. Create revenue at every loyalty transaction level between digital and physical interactions, 2. Monetize digital engagement and assets as users interact in both worlds, and 3. Build how users control how data is monetized inside. Each of these possible strategies will be thoroughly vetted by our board of directors to assess the expected level of enterprise value creation for each strategy compared to the various risks associated with each possible scenario. In addition, we may require financing to pursue these strategies that are beyond our current financial resources. Accordingly, there is no assurance that we will be able to pursue any strategy identified by our board of directors.

On November 12, 2020, the Company formed The Collective Experience, LLC in Delaware (the “Collective Experience”). ~~The Company is currently providing all of its customer relations management consulting services, which is the Company’s sole revenue generating operations, through the Collective Experience.~~

In December 2019, a novel strain of coronavirus (“COVID-19”) was reported in Wuhan, China and has since extensively impacted the global health and economic environment. The Company is subject to risks and uncertainties as a result of the COVID-19 pandemic. COVID-19 infections and health risks, including from variants, continue. The severity of the impact of the COVID-19 pandemic on the Company's business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company's customers, all of which are uncertain and cannot be predicted. The Company's future results of operations and liquidity could be adversely impacted by delays in payments of outstanding receivable amounts beyond normal payment terms, supply chain disruptions and uncertain demand, and the impact of any initiatives or programs that the Company may undertake to address financial and operational challenges faced by its customers. As of the date of issuance of these consolidated financial statements for the three and six months ended ~~March~~June 3130, 2022, the Company has not had any significant financial losses and the Company’s liquidity has not been negatively impacted as a result of the COVID-19 pandemic, but the extent to which the COVID-19 pandemic may materially impact the Company's future financial condition, liquidity, or results of operations remains uncertain.

Sources of Revenue

Prior to the sale of McorpCX, LLC in August 2020, our revenue consisted primarily of fees from professional and consulting services and other revenue primarily related to the reimbursement of expenses mostly through the operations of McorpCX LLC. Product revenue was from productized and software-enabled service sales not elsewhere classified.

As of ~~March~~June 3130, 2022, our only source of revenue iswas derived from providing digital transformation services through the Collective Experience that includes brand strategy, data science, pricing science, customer experience management consulting and implementation in support of these strategies. As of April 1, 2022, MCX will no longer be signing new client engagements within TCE as we are not pursuing that segment in order to focus on Web 3 technologies and powering the Metaverse

Operating Expenses

Cost of Goods Sold

Cost of goods sold consist primarily of expenses directly related to providing professional and consulting services. Those expenses include contract labor, third-party services, and materials and travel expenses related to providing professional services to our clients.

General and Administrative Expenses

General and administrative expenses consist primarily of finance and accounting, software subscriptions, insurance, stock compensation expense, client delivery, and sales and marketing. These expenses also include contract services, as well as marketing and promotion costs, professional fees, software license fee expenses, administrative costs, insurance, rent and a portion of travel expenses and other overhead, which are categorized as “other general and administrative expenses” in our consolidated financial statements. In addition, the other general and administrative expenses include the professional fees, filing, and registration costs necessary to meet the requirements associated with having to file reports with the United States Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, as well as having our stock listed on the TSX Venture Exchange in Canada and quoted on the OTC Pink Sheets in the United States.

Results of Operations

Revenues and Cost of Goods Sold

During the three and six months ended June ~~March 31~~30, 2022, we had $4151,~~176~~488 and $92,664, respectively, in revenue recognized as well as the related cost of goods sold of $7919,~~386~~964 and $99,350, respectively, generated from the continuation of one client contract that was entered into in the last quarter. ~~During the three months ended March 31, 2021, we had $106,710 in revenue recognized as well as the related cost~~ of ~~goods sold of $77,171, generated through continuing operations from two customer contracts entered into in the last quarter of 2020~~2021.

~~Gross~~During ~~loss was $38,210 for~~ the three and six months ended June ~~March~~30, 312021, ~~2022~~we ~~compared~~had to$202,606 aand ~~gross profit of~~ $29309,~~539~~316, ~~for~~respectively, ~~the~~in ~~three~~revenue ~~months~~recognized ~~ended~~as ~~March~~well ~~31,~~as ~~2021.~~the ~~This~~related ~~difference~~cost isof ~~due~~goods tosold ~~decrease~~ of ~~revenue~~$42,998 and ~~the~~$120,169, ~~Company~~respectively, ~~has~~generated ~~incurred~~through ~~more~~continuing ~~contract~~operations ~~services~~from ~~expenses~~two ~~during~~customer ~~the~~contracts ~~current~~entered ~~period~~into ~~from~~in the ~~cost~~last toquarter ~~complete~~of a2020 ~~phase~~plus ofan ~~the~~additional ~~client~~4 ~~contract~~customer ~~compared~~contracts toentered ~~the~~into ~~revenue~~in ~~recognized~~2021.

							Change from			Percent Change
Net Loss	2022			2021			Change from Prior Year			Percent Change from Prior Year
Net Operating Loss	2022			2021			Prior Year			from Prior Year
Three Months Ended June 30,	$	(107,594	)	$	(41,927	)	$	(65,667	)		(157	%)
Three Months Ended March 31,	$	(187,789	)	$	(70,425	)	$	(117,364	)		167	%
Six Months Ended June 30,	$	(311,717	)	$	(109,320	)	$	(202,397	)		(185	%)

Net ~~operating~~ loss increased to $107,594 for the three months ended June 30, 2022 from a net loss of $~~187~~41,~~789~~ 927 for the three months ended June ~~March~~30, 312021 mostly as a result of an increase in net operating loss from continuing operations of $113,885 in the second quarter of 2022 compared to the same quarter of 2021 of $42,393, which is primarily the result of a decrease in revenue. Net loss increased to $311,717 for the six months ended June 30, 2022 from a net ~~operating~~ loss of $70109,~~425~~320 for the ~~three~~six months ended ~~March~~June 3130, 2021. ~~mostly~~The asincrease in net loss in the first half of 2022 compared to same period of 2021 was primarily a result of ~~reduced~~a decrease in revenue generated in 2022 and additional travel expenses, partially offset by less expense from salaries and wages, and less contract services being provided in the first ~~quarter~~half of 2022 compared to the same period in 2021.

					Change from			Percent Change
Salaries and Wages	2022		2021		Change from Prior Year			Percent Change from Prior Year
Salaries and Wages	2022		2021		Prior Year			from Prior Year
Three Months Ended June 30,	$	-	$	15,557	$	(15,557	)		(100	%)
Three Months Ended March 31,	$	-	$	15,557	$	(15,557	)		(100%	)
Six Months Ended June 30,	$	-	$	31,114	$	(31,114	)		(100	%)

There were no expenses attributable to salaries and wages for the three or six months ended June ~~March 31~~30, 2022, as stock options have been fully expensed. Expenses attributable to salaries and wages for the ~~three~~six months ended June ~~March 31~~30, 2021, consisted exclusively of stock compensation expense.

					Change from			Percent Change
Contract Services	2022		2021		Change from Prior Year			Percent Change from Prior Year
Contract Services	2022		2021		Prior Year			from Prior Year
Three Months Ended June 30,			$	52,265	$	(52,265	)		(100	%)
Three Months Ended March 31,	$	75,212	$	51,996	$	23,216			45	%
Six Months Ended June 30,	$	75,212	$	104,261	$	(29,049	)		(28	%)

Contract ~~services~~service expenses ~~increased~~decreased during the three and six months ended June ~~March 31~~30, 2022, due to amanagement ~~higher~~actively ~~level~~seeking ofto ~~executive,~~lower ~~finance~~costs ~~and administration services~~ being provided by contractors in 2022, compared to the same period in 2021. In addition, ~~which~~while ~~were~~the ~~provided~~Company byis ~~salaried~~transitioning ~~employees~~to Web 3 technologies, we have classified all executive, finance, and administrative services under Other General and Administrative expense.

					Change from		Percent Change
Other General and Administrative	2022		2021		Change from Prior Year		Percent Change from Prior Year
Other General and Administrative	2022		2021		Prior Year		from Prior Year
Three Months Ended June 30,	$	145,409	$	134,179	$	11,230		8	%
Three Months Ended March 31,	$	74,367	$	32,411	$	41,956		129	%
Six Months Ended June 30,	$	219,776	$	166,590	$	53,186		32	%

Other general and administrative costs increased by $41,956 during the three months ended March 31, 2022, compared with the same period in 2021 primarily due to increases in sales and marketing, professional fees and travel and entertainment expenses in 2022 compared to 2021.12

						Change from			Percent Change
Other Income (Expense)	2022			2021		Prior Year			from Prior Year
Three Months Ended March 31,	$	(16,334	)	$	3,032	$	(19,366	)		(639%	)

Other general and administrative costs increased by $11,230 and $53,186 during the three and six months ended June 30, 2022, respectively, compared with the same period in 2021 primarily due to increases in sales and marketing, professional fees and travel expenses in 2022 compared to 2021.

Other expense was $16,334 in the three months ended March 31, 2022 compared to $3,032 in other income in the three months ended March 31, 2021 due to reduced other income from the prior year coupled with an increase in non-recurring other expenses.

Other Income (Expense)

2022

2021

Change from

Prior Year

Percent Change

from Prior Year

Three Months Ended June 30,

6,291

466

5,825

1,250

Six Months Ended June 30,

(10,043

)

3,498

(13,541

)

(387

Other income was $6,291and other expense was $10,043 in the three and six months ended June 30, 2022, respectively, compared to $466 and $3,498 in other income in the three and six months ended June 30, 2021, respectively, due to reduced other income from the prior year coupled with an increase in non-recurring other expenses.

Liquidity and Capital Resources

We measure our liquidity in a variety of ways, including the following:

	March 31,			December 31,
	June 30, 2022			December 31, 2021
	2022			2021
Cash and cash equivalents	$	14,037		$	51,393
Cash and cash equivalents	$	81,539		$	51,393
Working capital	$	(59,376	)	$	49,542
Working capital	$	(10,430	)	$	49,542

Anticipated Uses of Cash

As of ~~March~~June 3130, 2022, our cash and cash equivalents had ~~increased~~decreased to $8114,~~539~~037 from $51,393 and our working capital changed to ($1059,~~430~~376) from $49,542 as of December 31, 2021.

12 13

For the ~~three~~six months ended ~~March~~June 3130, 2022, we were able to finance our operations with cash generated through cash on hand as well as proceeds of the sale of McorpCX, LLC. The accompanying consolidated financial statements have been prepared in accordance with GAAP applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.

During the ~~three~~six months ended ~~March~~June 3130, 2022, our primary uses of cash included third party contractors to support our consulting services, general and administrative expenses to support new business development activities.

We currently plan to fund our expenditures with cash on hand as well as cash flows generated from new revenue sources as a digital transformation company. If needed, the possibility may exist to raise additional capital through debt financing and common stock sales. We do not intend to pay dividends in the foreseeable future. In addition to the working capital position of the Company, we are seeking new sources of revenue to fund our capital requirements for our business during the next 12 months.

We received total consideration of $1,108,000 consisting of $352,000 in cash and a $756,000 promissory note for the sale of McorpCX, LLC, which was completed on August 3, 2020, which applied to transaction costs as well as investment toward becoming a technology solutions business. The Company continues to receive $20,000 per month in payments from the purchaser of ~~McoorpCX~~McorpCX LLC. ~~These~~This ~~measures~~cash ~~are~~flow ~~expected~~should to enable us to meet our liquidity needs over the next 12 months. Notwithstanding the foregoing, our ability to continue as a going concern is entirely dependent upon our ability to achieve a level of profitability, and/or to raise additional capital through debt financing and/or through sales of common stock. We cannot provide any assurance that profits from operations, if any, will generate sufficient cash flow to meet our working capital needs and service our existing obligations, nor that sufficient capital can be raised through debt or equity financing.

We intend to continue to seek ways to expand upon our business and as such, in the future we may make acquisitions of businesses or assets or commitments to additional capital projects. To achieve the long-term goals of expanding our assets and earnings, including through acquisitions, capital resources may be required. Depending on the size of a transaction, the capital resources that may be required can be substantial. The necessary resources may be generated from cash flow from operations, cash on hand, the proceeds of the sale of McorpCX, LLC, borrowing against our assets or the issuance of securities, and there is no assurance these capital resources will be available to us when required.

Cash Flow – ~~Three~~Six months ended ~~March~~June 3130, 2022 and 2021

Operating Activities. Net cash used in operating activities increased to $~~115~~241,~~535~~685 for the ~~three~~six months ended ~~March~~June 3130, 2022 compared to net cash used in operating activities of $38232,~~021~~871 for the ~~three~~six months ended ~~March~~June 3130, 2021. This increase was primarily due an increase in net loss, offset by a decrease in accounts receivable.

Investing Activities. Net cash provided by investing activities was $~~145~~204,~~681~~329 for the ~~three~~six months ended ~~March~~June 3130, 2022. This included cash received from the sale of land of $86,530 and cash received from notes receivable – related party of $59117,~~151~~799. There was cash provided by investing activities for ~~three~~the six months ended ~~March~~June 3130, 2021 due to cash received from related party notes receivable of $2143,~~876~~752.

Financing Activities. There was no cash provided by, or used in, financing activities for the ~~three~~six months ended ~~March~~June 3130, 2022 and 2021.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and as such, are not required to provide the associated information under this item.

ITEM 4.

CONTROLS AND PROCEDURES.

Disclosure Controls and Procedure

Pursuant to Rule 13a-15(b) and Rule 15d-15(b) under the Exchange Act, the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) or Rule 15d-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s management concluded that, as of the period covered by this report, and as reported in Item 9A of the Company’s Form 10-K for the year ended December 31, 2021, the Company’s disclosure controls and procedures were not effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management to allow timely decisions regarding required disclosure.

It should be noted that any system of controls is based in part upon certain assumptions designed to obtain reasonable (and not absolute) assurance as to its effectiveness, and there can be no assurance that any design will succeed in achieving its stated goals.

13 14

Changes in Internal Controls

There have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS.

We are not involved in any legal actions or claims and to our knowledge no such actions or claims are pending.

ITEM 1A.

RISK FACTORS.

In addition to the other information set forth in this Quarterly Report (including risks associated with our shift away from the Collective Experience to focus on Web 3 technologies), you should carefully consider the factors discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Annual Report”), which could materially affect our business, results of operations or financial condition.

It is important to note that the risks described in our 2021 Annual Report are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may eventually prove to materially adversely affect our business, results of operations or financial condition.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Recent Sales of Unregistered Securities

There were no unregistered sales of our equity securities during the ~~three-~~six month period ended on ~~March~~June 3130, 2022.

Purchases of Equity Securities

During the ~~three~~six months ended ~~March~~June 3130, 2022 there were no purchases of our common stock made by, or on behalf of, the Company or any "affiliated purchaser," as defined by Rule 10b-18 of the Exchange Act.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.

MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5.

OTHER INFORMATION.

(a)	Not applicable.

14 15

ITEM 6.

EXHIBITS.

3.1	Articles of Incorporation (Incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 25, 2012)
3.2	Amendment to the Articles of Incorporation (Incorporated by reference to Exhibit 3.2 to the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 25, 2012).
3.3	Amendment to the Articles of Incorporation (Incorporated by reference to Exhibit 3.3 to the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 25, 2012).
3.4	Amendment to the Articles of Incorporation (Incorporated by reference to the Company’s Form 8-K filed with the Securities and Exchange Commission on July 13, 2015).
3.5	Amendment to the Articles of Incorporation (Incorporated by reference to the Company’s Form 10-Q filed with the Securities and Exchange Commission on November 14, 2016).
3.6	Amendments to the Articles of Incorporation (Incorporated by reference to the Company’s Form 10-Q filed with the Securities and Exchange Commission on August 14, 2020).
3.7	Amended and Restated Bylaws.(Incorporated by reference to the Company’s Form 10-Q filed with the Securities and Exchange Commission on November 16, 2020).
31.1	Certification of Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).
31.2	Certification of Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a).
32.1*	Certification of Chief Executive Officer required by Rule 13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350
32.2*	Certification of Chief Financial Officer required by Rule 13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350

101

The following financial information from the Company’s Quarterly Report on Form 10-Q for the quarter ended ~~March~~June 3130, 2022, formatted in Inline Extensible Business Reporting Language (XBRL): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations; (iii) Consolidated Statements of Changes in Shareholders’ Equity; (iv) Consolidated Statements of Cash Flows; and (iv) Notes to Consolidated Financial Statements, tagged as blocks of text.

104

The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended ~~March~~June 3130, 2022, formatted in Inline XBRL (included as Exhibit 101).

*Furnished, not filed

15 16

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report has been signed on its behalf by the undersigned, thereunto duly authorized on this ~~20th~~ 25th day of ~~May~~August 2022.

	MCX TECHNOLOGIES CORPORATION


	BY:	/s/ Christopher Rowlison
		Christopher Rowlison
		Chief Executive Officer

	BY:	/s/ Gregg Budoi
		Gregg Budoi
		Chief Financial Officer

16 17

EXHIBIT INDEX

3.1	Articles of Incorporation (Incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 25, 2012).
3.2	Amendment to the Articles of Incorporation (Incorporated by reference to Exhibit 3.2 to the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 25, 2012).
3.3	Amendment to the Articles of Incorporation (Incorporated by reference to Exhibit 3.3 to the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on April 25, 2012).
3.4	Amendment to the Articles of Incorporation (Incorporated by reference to the Company’s Form 8-K filed with the Securities and Exchange Commission on July 13, 2015).
3.5	Amendment to the Articles of Incorporation (Incorporated by reference to the Company’s Form 10-Q filed with the Securities and Exchange Commission on November 14, 2016).
3.6	Amendments to the Articles of Incorporation (Incorporated by reference to the Company’s Form 10-Q filed with the Securities and Exchange Commission on August 14, 2020).
3.7	Amended and Restated Bylaws (Incorporated by reference to the Company’s Form 10-Q filed with the Securities and Exchange Commission on November 16, 2020).
31.1	Certification of Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).
31.2	Certification of Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a).
32.1*	Certification of Chief Executive Officer and Chief Financial Officer required by Rule 13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350
32.2*	Certification of Chief Financial Officer required by Rule 13a-14(b) or Rule 15d-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350

101

104

The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended ~~March~~June 3130, 2022, formatted in Inline XBRL (included as Exhibit 101).

*Furnished, not filed

17 18

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