Company: TUTH
Filing Date: 2025-10-01
Form Type: 1-SA
Source: 0001683168-25-007356
Chunk: 5

Company: Standard Dental Labs Inc.
Filing Date: 2025-10-01
Form: 1-SA
Chunk 5
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order to facilitate the provision of finished products. As consideration under the terms of the agreement, Mr. Kim and his management
company, Smile Dental, shall be entitled to retain all gross profits from the sale of such finished goods, net the cost of use of the
production equipment, as management fees. The agreement has an initial term of up to two (2) years and either the Company or Mr. Kim may
terminate the agreement with six (6) months’ written notice, in order to provide the Company sufficient time to identify, hire and
train a suitable replacement.

Upon acquisition of the customers and operational
assets of Smile Dental, the Company immediately commenced revenue generating operations effective September 1, 2022, and reported gross
revenues of $173,329 in the four-month period ended December 31, 2022, and associated costs of goods sold totaling $101,054 for gross
profit of $72,275.

On March 24, 2023 the Company and Smile Dental
executed an addendum to the definitive agreement with Smile Dental (the “Smile Dental Amendment”) whereunder the Cash Consideration
as part of Purchase Price was revised so that the first instalment shall be released immediately upon execution of the Smile Dental Amendment,
or March 24, 2023, and the second Cash Instalment shall be payable on the date that is no later than seven (7) calendar days subsequent
to the receipt of proceeds from the financing associated with this application.

The Company is now operating in the dental lab
industry and is currently manufacturing dental prosthetics for dentists and dental clinics via its first operational lab facility. Our
existing dental lab supplies dentists and dental clinics with dental prosthetics such as crowns, bridges, and implants, including other
prosthetics.

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Our Current Business

Our current business activities include operating
and developing the Company’s dental lab business. The Company currently has one operating dental lab which is operated by Smile
Dental pursuant to the Company’s subcontractor agreement as described above.

Standard Dental Labs produces several kinds of
dental prosthetics. The Company uses state-of-the-art equipment such as 3D scanners, printers and 5-axis milling machines, along with
several other types of machinery needed to complete jobs for dental clinics.

The consolidation of dental and medical clinics
has been an increasing trend over the past two decades, but only recently have investors focused on dental labs. We see this as an opportunity
to