360 DEGREE HOTEL GROUP, LTD. DBA 360 HOTEL GROUP

on thereof. Option Grants On July 16 , 2024 , the effective date of shareholder approval to increase the number of shares authorized under the 2022 Plan, we granted a total of 128 fully vested, non-qualified options to purchase shares of common stock at a per share exercise price of $ 1,272.00 to the following directors and in the amounts listed: (i) Stephen Toovey ( 32 common stock options), (ii) Charles Allen ( 32 common stock options), (iii) Paul Field ( 32 common stock options) and (iv) Cheryl Xu ( 32 common stock options). On July 16 , 2024 , the effective date of shareholder approval to increase the number of shares authorized under the 2022 Plan, we granted a total of 3,084 options to purchase shares of common stock at a per share exercise price of $ 240.00 to Geoff Dow, our Chief E

ensed over the service period as the services are provided. We have also issued shares of our common stock to vendors in exchange for research and development services General and Administrative Expenses Our general and administrative expenses primarily consist of salaries, advertising and promotion expenses, professional services fees, such as consulting, audit, accounting and legal fees, general corporate costs and allocated costs, including facilities, information technology and amortization of intangibles. Interest and Other Income (Expense), Net We earn interest income from cash invested in interest-bearing accounts, as well as cash equivalents and short-term investments consisting of certificates of deposits with original maturities ranging from three to six months. Interest expense