# EDGAR Filing Document

**Accession Number:** 0001716456
**File Stem:** 0001669191-23-000080
**Filing Date:** 2023-1
**Character Count:** 160258
**Document Hash:** a7980f8b406a72ae80e7fe160b756385
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001669191-23-000080.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001669191-23-000080

**CONFORMED SUBMISSION TYPE**: C/A

**PUBLIC DOCUMENT COUNT**: 8

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Digital Direct IR, Inc
- **CENTRAL INDEX KEY:** 0001716456
- **IRS NUMBER:** 133995288
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** C/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-30984
- **FILM NUMBER:** 23543941

**BUSINESS ADDRESS:**
- **STREET 1:** 61-21 183RD STREET
- **CITY:** FRESH MEADOWS
- **STATE:** NY
- **ZIP:** 11365
- **BUSINESS PHONE:** 718-445-0038

**MAIL ADDRESS:**
- **STREET 1:** 61-21 183RD STREET
- **CITY:** FRESH MEADOWS
- **STATE:** NY
- **ZIP:** 11365

## Ex-99

html![](offeringpage.jpg)

### Attached PDF Documents

**Attachment 1:** `offeringstatement.pdf`

# Offering Statement for Digital Direct IR, Inc.

This document is generated by a website that is operated by Netcapital Systems LLC ('Netcapital'), which is not a registered broker-dealer. Netcapital does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included in this document are the responsibility of, the applicable issuer of such securities. Netcapital has not taken any steps to verify the adequacy, accuracy or completeness of any information. Neither Netcapital nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information in this document or the use of information in this document.

All Regulation CF offerings are conducted through Netcapital Funding Portal Inc. ('Portal'), an affiliate of Netcapital, and a FINRA/SEC registered funding-portal. For inquiries related to Regulation CF securities activity, contact Netcapital Funding Portal Inc.:

**Paul Riss:**

paul@netcapital.com

Netcapital and Portal do not make investment recommendations and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Equity crowdfunding investments in private placements, Regulation A, D and CF offerings, and start-up investments in particular are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investments through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Additionally, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. In the most sensible investment strategy for start-up investing, start-ups should only be part of your overall investment portfolio. Further, the start-up portion of your portfolio may include a balanced portfolio of different start-ups. Investments in startups are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company's control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

## The Company

### 1. What is the name of the issuer?

Digital Direct IR, Inc.

61-21 183rd Street

Fresh Meadows, NY 11365

## Eligibility

2. The following are true for Digital Direct IR, Inc.:

- Organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia.
- Not subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.
- Not an investment company registered or required to be registered under the Investment Company Act of 1940.
- Not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding. (For more information about these disqualifications, see Question 30 of this Question and Answer format).
- Has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement (or for such shorter period that the issuer was required to file such reports).
- Not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies.

3. Has the issuer or any of its predecessors previously failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding?

No.

## Directors, Officers and Promoters of the Company

4. The following individuals (or entities) represent the company as a director, officer or promoter of the offering:

Name

Peter Kaufman

Principal occupation and employment responsibilities during at least the last three (3) years with start and ending dates

| Start Date | End Date | Company | Position / Title |
| --- | --- | --- | --- |
| 01/01/2020 | Present | Renewable Energy Products Manufacturing Corp | Director and CTO |
| 02/25/1998 | Present | Digital Direct IR, Inc. | CEO, CTO and Board Director |

Short Bio: Peter is an electrical engineer who has over 35 years of experience in the electronics manufacturing and product design industry. He holds over a dozen patents and has done significant research

in a range of scientific fields including electro-optical, optical, imaging, photonics, acoustics, magnetics, and semiconductor development. LinkedIn: https://www.linkedin.com/in/peter-kaufman-460831a5/

**Name**

Howard Carpenter

**Principal occupation and employment responsibilities during at least the last three (3) years with start and ending dates**

| Start Date | End Date | Company | Position / Title |
| --- | --- | --- | --- |

| 01/01/2015 | Present | Digital Direct IR, Inc. | Board Director |
| --- | --- | --- | --- |

Short Bio: Mr. Carpenter has over 40 years of experience in military and commercial technology sales. He is a co-founder and director of Digital Direct IR, Inc. He spent over thirty years at Union Carbide as a Manager for Government sales group. Mr. Carpenter spent nearly a decade at Gould Electronics in the lithium battery division and then was a consultant to Valence Technologies. Mr. Carpenter is the fire commissioner for Putnam County New York and a retired U.S. Army pilot. He has a BS and an MBA from Syracuse University. LinkedIn: https://www.linkedin.com/in/howard-carpenter-3a47702a/

**Name**

Steve Van Fleet

**Principal occupation and employment responsibilities during at least the last three (3) years with start and ending dates**

| Start Date | End Date | Company | Position / Title |
| --- | --- | --- | --- |
| 01/01/2021 | Present | Digital Direct IR, Inc. | COO |
| 06/01/2021 | Present | Unlimited Tomorrow | Global Manufacturing |

| 08/01/2018 | 01/01/2021 | Medical Device R&D - Contract R&D / Engineering |  |
| --- | --- | --- | --- |

Short Bio: Steve has over 30 years of operational leadership with technology companies. He was previously the President of Micromem, a MEMS based sensor technology company, and has worked extensively developing products in the AI, IoT, utility and healthcare markets. He has a degree in chemical engineering. Graduated from Miami University Oxford Ohio Chemical Engineering. Pursuing PhD at Syracuse University Data Analytics. LinkedIn: https://www.linkedin.com/in/stevevanfleet1/

**Name**

Gib Dunham

**Principal occupation and employment responsibilities during at least the last three (3) years with start and ending dates**

| Start Date | End Date | Company | Position / Title |
| --- | --- | --- | --- |
| 09/15/2018 | Present | Bridgeway Wealth Partners | CIO |
| 10/01/2013 | Present | Digital Direct IR, Inc. | CFO |
| 03/01/2016 | Present | Energy Private Equity Fund | Board Member and Co-Founder |
| 07/01/2021 | Present | REPM Solar | Treasurer, Director, and Secretary |
| 01/01/2017 | Present | COTE Endowment | Investment Committee |
| 10/01/2013 | Present | New York Non-Profit | CIO |

Short Bio: Gib has over two decades of experience in finance, banking and the capital markets. He had previously worked for a $15 billion Asian institution and was the Chief Investment Officer for a fintech startup. He is a graduate of Dartmouth College where he majored in government and received a book prize from the German Consulate for outstanding work during a semester in Mainz. He has received his CFA, CAIA, CMT, QFA and CIC designations and has a certificate in structured products. Mr. Dunham also

holds an insurance license in multiple states. He has the Series 7, 69 and 78 licenses from FINRA.
LinkedIn: https://www.linkedin.com/in/gib-dunham-040353/

## Principal Security Holders

5. Provide the name and ownership level of each person, as of the most recent practicable date, who is the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power. To calculate total voting power, include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to vote or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 60 days, including through the exercise of any option, warrant or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities (or share in such direction or control - as, for example, a co-trustee) they should be included as being "beneficially owned." You should include an explanation of these circumstances in a footnote to the "Number of and Class of Securities Now Held." To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities converted.

### Peter Kaufman

| Securities: | 39,750 |
| --- | --- |
| Class: | Common Stock |
| Voting Power: | 29.1% |

### Howard Carpenter

| Securities: | 39,750 |
| --- | --- |
| Class: | Common Stock |
| Voting Power: | 29.1% |

## Business and Anticipated Business Plan

6. Describe in detail the business of the issuer and the anticipated business plan of the issuer.

Company Overview Digital Direct IR, Inc. ("D2IR," the "Company" or "we") has developed and patented an innovative thermal imaging (infrared) detector that uses an entirely new, direct to digital method for capturing infrared data. We believe our technology is significantly less complex than existing technologies, which use complicated detection mechanisms and suffer from data "noise" resulting from the conversion of analog to digital signals. We believe our technology has the potential to increase adoption of infrared detection and thermal imaging for autonomous vehicles and medicine and to reduce the cost of using thermal imaging for defense, security and surveillance applications. Business Summary D2IR is an infrared photonics company focused on the design, development, and commercialization of our innovative thermal imaging detector and follow-on applications. D2IR was founded by Peter Kaufman, an engineer with over 30 years of design and engineering expertise and numerous patents and publications, and Howard Carpenter. Our patented thermal imaging technology enables the production of a multi-spectrum, direct to digital detector. We believe that the performance of our technology positions it best for new uses in autonomous vehicles and medical imaging. Our Mission Our mission is to use our technology to lower the

price of and enable more widespread usage of thermal imaging. Markets & Products Our innovations create a technology platform which we believe can enable us to create products for multiple end markets: Automotive: Thermal and night vision sensors for autonomous and non-autonomous cars; First Responder: Thermal goggles for firemen and police; Homeland Security: Thermal sensor for border patrol; Military: Thermal goggles, Drones; Healthcare: Swallowable pill camera, Thermal endoscope, IR sensor for trauma surgery; Gunshot Detection: Immediate response for public venues; SIDS: SIDS monitor; Business Strategy We seek to commercialize our technology and then target four markets for adoption-automotive, medical imaging, defense and safety, security and drones. We intend to license our patented technology to strategic partners in the automotive and medical imaging markets that would then incorporate our thermal imaging camera technology into their products and systems and to partner with systems integrators and distributors in the defense and safety & security markets to sell off the shelf or OEM models of our cameras. Competitive Advantages We believe D2IR's novel infrared detection technology has the potential to deliver a significantly better price/performance combination than existing thermal imaging technologies.; Performance - we estimate that cameras built using our technology could have a higher pixel count for any given price point, and that the resulting ability to use VGA, SVGA and higher resolution infrared cameras at a lower cost that could expand the potential uses of thermal imaging technology. We estimate that a VGA camera built using our detector to be less expensive than existing 1⁄4 VGA cameras. We also believe that cameras using D2IR optical technology to have less than 1% light loss compared to the 8 to 15% light loss typical for conventional spherical IR optics, potentially increasing the distance the camera can see. ; Multi-spectrum - our infrared detector can see both mid IR and far IR; existing technologies require separate detectors-and cameras-for each. Our multi-spectrum detection technology is unique, and it enables dual, triple and quad spectrum cameras at a lower price point than purchasing 3 or 4 separate cameras.

## Risk Factors

*A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.*

*In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.*

*The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.*

*These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.*

### **7. Material factors that make an investment in Digital Direct IR, Inc. speculative or risky:**

1. We face risks related to health epidemics and other outbreaks, which could significantly disrupt the Company's operations and could have a material adverse impact on us. The outbreak of pandemics and epidemics could materially and adversely affect the Company's business, financial condition, and results of operations. If a pandemic occurs in areas in which we have material operations or sales, the Company's business activities originating from affected areas, including sales, materials, and supply chain related activities, could be adversely affected. Disruptive activities could include the temporary closure of facilities used in the Company's supply chain processes, restrictions on the export or shipment of products necessary to run the Company's business, business closures in impacted areas, and restrictions on the Company's employees' or consultants' ability to travel and to meet with customers, vendors or other business relationships. The extent to which a pandemic or other health outbreak impacts the Company's results will depend on future developments, which are highly

uncertain and cannot be predicted, including new information which may emerge concerning the severity of a virus and the actions to contain it or treat its impact, among others. Pandemics can also result in social, economic, and labor instability which may adversely impact the Company's business. If the Company's employees or employees of any of the Company's vendors, suppliers or customers become ill or are quarantined and in either or both events are therefore unable to work, the Company's operations could be subject to disruption. The extent to which a pandemic affects the Company's results will depend on future developments that are highly uncertain and cannot be predicted.

1. 2. Any valuation at this stage is difficult to assess. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.
2. 3. We are highly dependent on the Services of our founder. Our future business and results of operations depend in significant part upon the continued contributions of our CEO and founder. If we lose those services or if he fails to perform in his current position, or if we are not able to attract and retain skilled employees in addition to our CEO and the current team, this could adversely affect the development of our business plan and harm our business. In addition, the loss of any other member of the board of directors or executive officers could harm the Company's business, financial condition, cash flow and results of operations.
3. 4. Start-up investing is risky. Investing in early-stage companies is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company.
4. 5. Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a 'liquidation event' occurs. A 'liquidation event' is when the company either lists their shares on an exchange, is acquired, or goes bankrupt.
5. 6. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site.
6. 7. The Company may extend the Offering deadline beyond what is currently stated herein. This means that your investment may continue to be held in escrow while the Company attempts to raise the maximum offering amount even after the Offering deadline stated herein is reached. Your investment will not be accruing interest during this time and will simply be held until such time that Offering is closed, at which time it will be released to the Company to be used as set forth herein. Upon or shortly after release of such funds to the Company, the Securities will be issued and distributed to you.
7. 8. No governmental agency has reviewed the Company's offering and no state or federal agency has passed upon either the adequacy of the disclosure contained herein or the fairness of the terms of this offering.
8. 9. You may only receive limited disclosure. While the Company must disclose certain information, since the Company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. The Company may also only be obligated to file information periodically regarding its business, including financial statements. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events - through continuing disclosure that you can use to evaluate the status of your investment.
9. 10. Third parties might infringe upon our technology. We cannot assure you that the steps we have taken to protect our property rights will prevent misappropriation of our technology. To protect our rights to our intellectual property, we plan to rely on a combination of trade secrets, confidentiality agreements

and other contractual arrangements with our employees, affiliates, strategic partners and others. We may be unable to detect inappropriate use of our technology. Failure to adequately protect our intellectual property could materially harm our brand, devalue our proprietary content and affect our ability to compete effectively. Further, defending any technology rights could result in significant financial expenses and managerial resources.

11. We are dependent on general economic conditions. Potential customers may be less willing to invest in innovation and forward-looking improvements if they are facing an economic downturn. This may temporarily reduce our market size. Furthermore, a global crisis might make it harder to diversify.
12. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

You should not rely on the fact that our Form C, and if applicable Form D is accessible through the U.S. Securities and Exchange Commission's EDGAR filing system as an approval, endorsement or guarantee of compliance as it relates to this Offering.

13. Neither the Offering nor the Securities have been registered under federal or state securities laws, leading to an absence of certain regulation applicable to the Company.

The securities being offered have not been registered under the Securities Act of 1933 (the "Securities Act"), in reliance on exemptive provisions of the Securities Act. Similar reliance has been placed on apparently available exemptions from securities registration or qualification requirements under applicable state securities laws. No assurance can be given that any offering currently qualifies or will continue to qualify under one or more of such exemptive provisions due to, among other things, the adequacy of disclosure and the manner of distribution, the existence of similar offerings in the past or in the future, or a change of any securities law or regulation that has retroactive effect. If, and to the extent that, claims or suits for rescission are brought and successfully concluded for failure to register any offering or other offerings or for acts or omissions constituting offenses under the Securities Act, the Securities Exchange Act of 1934, or applicable state securities laws, the Company could be materially adversely affected, jeopardizing the Company's ability to operate successfully. Furthermore, the human and capital resources of the Company could be adversely affected by the need to defend actions under these laws, even if the Company is ultimately successful in its defense.

14. The Company has the right to extend the Offering Deadline, conduct multiple closings, or end the Offering early.

The Company may extend the Offering Deadline beyond what is currently stated herein. This means that your investment may continue to be held in escrow while the Company attempts to raise the Minimum Amount even after the Offering Deadline stated herein is reached. While you have the right to cancel your investment up to 48 hours before an Offering Deadline, if you choose to not cancel your investment, your investment will not be accruing interest during this time and will simply be held until such time as the new Offering Deadline is reached without the Company receiving the Minimum Amount, at which time it will be returned to you without interest or deduction, or the Company receives the Minimum Amount, at which time it will be released to the Company to be used as set forth herein. Upon or shortly after release of such funds to the Company, the Securities will be issued and distributed to you. If the Company reaches the target offering amount prior to the Offering Deadline, they may conduct the first of multiple closings of the Offering prior to the Offering Deadline, provided that the Company gives notice to the investors of the closing at least five business days prior to the closing (absent a material change that would require an extension of the Offering and reconfirmation of the investment commitment). Thereafter, the Company may conduct additional closings until the Offering Deadline. The Company may also end the Offering early; if the Offering reaches its target offering amount after 21-calendar days but before the deadline, the Company can end the Offering with 5 business days' notice. This means your failure to participate in the Offering in a

timely manner, may prevent you from being able to participate - it also means the Company may limit the amount of capital it can raise during the Offering by ending it early.

15. *The Company's management may have broad discretion in how the Company uses the net proceeds of the Offering.*

Despite that the Company has agreed to a specific use of the proceeds from the Offering, the Company's management will have considerable discretion over the allocation of proceeds from the Offering. You may not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately.

16. *The Securities issued by the Company will not be freely tradable until one year from the initial purchase date. Although the Securities may be tradable under federal securities law, state securities regulations may apply, and each Investor should consult with his or her attorney.*

You should be aware of the long-term nature of this investment. There is not now and likely will not be a public market for the Securities. Because the Securities offered in this Offering have not been registered under the Securities Act or under the securities laws of any state or non-United States jurisdiction, the Securities have transfer restrictions and cannot be resold in the United States except pursuant to Rule 501 of Regulation CF. It is not currently contemplated that registration under the Securities Act or other securities laws will be affected. Limitations on the transfer of the shares of Securities may also adversely affect the price that you might be able to obtain for the shares of Securities in a private sale. Investors should be aware of the long-term nature of their investment in the Company. Investors in this Offering will be required to represent that they are purchasing the Securities for their own account, for investment purposes and not with a view to resale or distribution thereof.

17. *Investors will not be entitled to any inspection or information rights other than those required by Regulation CF.*

Investors will not have the right to inspect the books and records of the Company or to receive financial or other information from the Company, other than as required by Regulation CF. Other security holders of the Company may have such rights. Regulation CF requires only the provision of an annual report on Form C and no additional information - there are numerous methods by which the Company can terminate annual report obligations, resulting in no information rights, contractual, statutory or otherwise, owed to Investors. This lack of information could put Investors at a disadvantage in general and with respect to other security holders.

18. *The shares of Securities acquired upon the Offering may be significantly diluted as a consequence of subsequent financings.*

Company equity securities will be subject to dilution. Company intends to issue additional equity to future employees and third-party financing sources in amounts that are uncertain at this time, and as a consequence, holders of Securities will be subject to dilution in an unpredictable amount. Such dilution may reduce the purchaser's economic interests in the Company.

19. The amount of additional financing needed by Company will depend upon several contingencies not foreseen at the time of this Offering. Each such round of financing (whether from the Company or other investors) is typically intended to provide the Company with enough capital to reach the next major corporate milestone. If the funds are not sufficient, Company may have to raise additional capital at a price unfavorable to the existing investors. The availability of capital is at least partially a function of capital market conditions that are beyond the control of the Company. There can be no assurance that the Company will be able to predict accurately the future capital requirements necessary for success or that additional funds will be available from any source. Failure to obtain such financing

on favorable terms could dilute or otherwise severely impair the value of the investor's Company securities.

20. *There is no present public market for these Securities and we have arbitrarily set the price.*

The offering price was not established in a competitive market. We have arbitrarily set the price of the Securities with reference to the general status of the securities market and other relevant factors. The Offering price for the Securities should not be considered an indication of the actual value of the Securities and is not based on our net worth or prior earnings. We cannot assure you that the Securities could be resold by you at the Offering price or at any other price.

21. In addition to the risks listed above, businesses are often subject to risks not foreseen or fully appreciated by the management. It is not possible to foresee all risks that may affect us. Moreover, the Company cannot predict whether the Company will successfully effectuate the Company's current business plan. Each prospective Investor is encouraged to carefully analyze the risks and merits of an investment in the Securities and should take into consideration when making such analysis, among other, the Risk Factors discussed above.

22. THE SECURITIES OFFERED INVOLVE A HIGH DEGREE OF RISK AND MAY RESULT IN THE LOSS OF YOUR ENTIRE INVESTMENT. ANY PERSON CONSIDERING THE PURCHASE OF THESE SECURITIES SHOULD BE AWARE OF THESE AND OTHER FACTORS SET FORTH IN THIS OFFERING STATEMENT AND SHOULD CONSULT WITH HIS OR HER LEGAL, TAX AND FINANCIAL ADVISORS PRIOR TO MAKING AN INVESTMENT IN THE SECURITIES. THE SECURITIES SHOULD ONLY BE PURCHASED BY PERSONS WHO CAN AFFORD TO LOSE ALL OF THEIR INVESTMENT.

## The Offering

Digital Direct IR, Inc. ('Company') is offering securities under Regulation CF, through Netcapital Funding Portal Inc. ('Portal'). Portal is a FINRA/SEC registered funding portal and will receive cash compensation equal to 4.9% of the value of the securities sold through Regulation CF. Investments made under Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest.

The Company plans to raise between $10,000 and $525,000 through an offering under Regulation CF. Specifically, if we reach the target offering amount of $10,000, we may conduct the first of multiple or rolling closings of the offering early if we provide notice about the new offering deadline at least five business days prior to such new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). Oversubscriptions will be allocated on a first come, first served basis. Changes to the offering, material or otherwise, occurring after a closing, will only impact investments which have yet to be closed.

In the event The Company fails to reach the offering target of $10,000, any investments made under the offering will be cancelled and the investment funds will be returned to the investor.

### 8. What is the purpose of this offering?

The Company plans to use the proceeds from the Offering primarily on product, engineering and compensation for managers.

### 9. How does the issuer intend to use the proceeds of this offering?

| Uses | If Target Offering Amount Sold | If Maximum Amount Sold |
| --- | --- | --- |
| Intermediary Fees | $490 | $25,725 |
| Compensation for managers | $2,000 | $125,000 |
| Product and Engineering | $6,510 | $330,000 |
| Patents | $1,000 | $15,000 |
| Marketing | $0 | $29,275 |
| Total Use of Proceeds | $10,000 | $525,000 |

#### 10. How will the issuer complete the transaction and deliver securities to the investors?

In entering into an agreement on the Netcapital Funding Portal to purchase securities, both investors and Digital Direct IR, Inc. must agree that a transfer agent, which keeps records of our outstanding Common Stock (the 'Securities'), will issue digital Securities in the investor's name (a paper certificate will not be printed). Similar to other online investment accounts, the transfer agent will give investors access to a web site to see the number of Securities that they own in our company. These Securities will be issued to investors after the deadline date for investing has passed, as long as the targeted offering amount has been reached. The transfer agent will record the issuance when we have received the purchase proceeds from the escrow agent who is holding your investment commitment.

#### 11. How can an investor cancel an investment commitment?

You may cancel an investment commitment for any reason until 48 hours prior to the deadline identified in the offering by logging in to your account with Netcapital, browsing to the Investments screen, and clicking to cancel your investment commitment. Netcapital will notify investors when the target offering amount has been met. If the issuer reaches the target offering amount prior to the deadline identified in the offering materials, it may close the offering early if it provides notice about the new offering deadline at least five business days prior to such new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). If an investor does not cancel an investment commitment before the 48-hour period prior to the offering deadline, the funds will be released to the issuer upon closing of the offering and the investor will receive securities in exchange for his or her investment. If an investor does not reconfirm his or her investment commitment after a material change is made to the offering, the investor's investment commitment will be cancelled and the committed funds will be returned.

#### 12. Can the Company perform multiple closings or rolling closings for the offering?

If we reach the target offering amount prior to the offering deadline, we may conduct the first of multiple closings of the offering early, if we provide notice about the new offering deadline at least five business days prior (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). Thereafter, we may conduct additional closings until the offering deadline. We will issue Securities in connection with each closing. Oversubscriptions will be allocated on a first come, first served basis. Changes to the offering, material or otherwise, occurring after a closing, will only impact investments which have yet to be closed.

## Ownership and Capital Structure

### The Offering

**13. Describe the terms of the securities being offered.**

We are issuing Securities at an offering price of $105 per share.

**14. Do the securities offered have voting rights?**

The Securities are being issued with voting rights. However, so that the crowdfunding community has the opportunity to act together and cast a vote as a group when a voting matter arises, a record owner will cast your vote for you. Please refer to the record owner agreement that you sign before your purchase is complete.

**15. Are there any limitations on any voting or other rights identified above?**

You are giving your voting rights to the record owner, who will vote the Securities on behalf of all investors who purchased Securities on the Netcapital crowdfunding portal.

**16. How may the terms of the securities being offered be modified?**

We may choose to modify the terms of the securities before the offering is completed. However, if the terms are modified, and we deem it to be a material change, we need to contact you and you will be given the opportunity to reconfirm your investment. Your reconfirmation must be completed within five business days of receipt of the notice of a material change, and if you do not reconfirm, your investment will be canceled and your money will be returned to you.

**Restrictions on Transfer of the Securities Offered**

The securities being offered may not be transferred by any purchaser of such securities during the one-year period beginning when the securities were issued, unless such securities are transferred:

- to the issuer;
- to an accredited investor;
- as part of an offering registered with the U.S. Securities and Exchange Commission; or
- to a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.

The term “accredited investor” means any person who comes within any of the categories set forth in Rule 501(a) of Regulation D, or who the seller reasonably believes comes within any of such categories, at the time of the sale of the securities to that person.

The term “member of the family of the purchaser or the equivalent” includes a child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the purchaser, and includes adoptive relationships.

The term “spousal equivalent” means a cohabitant occupying a relationship generally equivalent to that of a spouse.

**Description of Issuer’s Securities**

**17. What other securities or classes of securities of the issuer are outstanding? Describe the material terms of any other outstanding securities or classes of securities of the issuer.**

**Securities**

| Class of Security | Amount Authorized | Amount Outstanding | Voting Rights | Other Rights |
| --- | --- | --- | --- | --- |
| Common Stock | 1,000,000 | 120,821 | Yes |  |

## Options, Warrants and Other Rights

| Type | Description | Reserved Securities |
| --- | --- | --- |
| Options | The Company granted 14,498 options to three individuals who work for the Company. The options have a strike price of $0.01 and expire on December 31, 2029. | 14,498 |
| Warrants | The Company has 1,213 warrants with a strike price of $39.55 and expire on December 31, 2022. | 1,213 |

# **18. How may the rights of the securities being offered be materially limited, diluted or qualified by the rights of any other class of securities?**

The Company has 14,498 options and 1,213 warrants reserved. If any of these reserved securities are exercised into issued securities, your shares would be diluted.

# **19. Are there any differences not reflected above between the securities being offered and each other class of security of the issuer?**

The Company has granted a perpetual waiver of the transfer restrictions listed in the Amended and Restated By-laws of Digital Direct IR, Inc. for all Securities sold in this Offering.

# **20. How could the exercise of rights held by the principal owners identified in Question 5 above affect the purchasers of Securities being offered?**

The Company's bylaws can be amended by the shareholders of the Company, and directors can be added or removed by shareholder vote. As minority owners, you are subject to the decisions made by the majority owners. The issued and outstanding common stock gives management voting control of the company. As a minority owner, you may be outvoted on issues that impact your investment, such as the issuance of additional shares, or the sale of debt, convertible debt or assets of the company.

# **21. How are the securities being offered being valued? Include examples of methods for how such securities may be valued by the issuer in the future, including during subsequent corporate actions.**

The price of the Securities was determined solely by the Management and bears no relation to traditional measures of valuation such as book value or price-to-earnings ratios. We expect that any future valuation will take the same approach.

# **22. What are the risks to purchasers of the securities relating to minority ownership in the issuer?**

As the holder of a majority of the voting rights in the company, our majority shareholders may make decisions with which you disagree, or that negatively affect the value of your investment in the company, and you will have no recourse to change those decisions. Your interests may conflict with the interests of other investors, and there is no guarantee that the company will develop in a way that is advantageous to you. For example, the majority shareholders may decide to issue additional shares to new investors, sell convertible debt instruments with beneficial conversion features, or make decisions that affect the tax treatment of the company in ways that may be unfavorable to you. Based on the risks described above, you may lose all or part of your investment in the securities that you purchase, and you may never see positive returns.

**23. What are the risks to purchasers associated with corporate actions including:**

- additional issuances of securities,
- issuer repurchases of securities,
- a sale of the issuer or of assets of the issuer or
- transactions with related parties?

The issuance of additional shares of our common stock will dilute your ownership. As a result, if we achieve profitable operations in the future, our net income per share will be reduced because of dilution, and the market price of our common stock, if there is a market price, could decline as a result of the additional issuances of securities. If we repurchase securities, so that the above risk is mitigated, and there are fewer shares of common stock outstanding, we may not have enough cash available for marketing expenses, growth, or operating expenses to reach our goals. If we do not have enough cash to operate and grow, we anticipate the market price of our stock would decline. A sale of our company or of the assets of our company may result in an entire loss of your investment. We cannot predict the market value of our company or our assets, and the proceeds of a sale may not be cash, but instead, unmarketable securities, or an assumption of liabilities. In addition to the payment of wages and expense reimbursements, we may need to engage in transactions with officers, directors, or affiliates. By acquiring an interest in the Company, you will be deemed to have acknowledged the existence of any such actual or potential related party transactions and waived any claim with respect to any liability arising from a perceived or actual conflict of interest. In some instances, we may deem it necessary to seek a loan from related parties. Such financing may not be available when needed. Even if such financing is available, it may be on terms that are materially averse to your interests with respect to dilution of book value, dividend preferences, liquidation preferences, or other terms. No assurance can be given that such funds will be available or, if available, will be on commercially reasonable terms satisfactory to us. If we are unable to obtain financing on reasonable terms, we could be forced to discontinue our operations. We anticipate that any transactions with related parties will be vetted and approved by executives(s) unaffiliated with the related parties.

**24. Describe the material terms of any indebtedness of the issuer:**

| Creditor(s): | EIDL |
| --- | --- |
| Amount Outstanding: | $1,000 |
| Interest Rate: | 3.0% |
| Maturity Date: | Payable On Demand |
| Other Material Terms: | SBA Loan |
| Creditor(s): | Howard Carpenter |
| Amount Outstanding: | $51,912 |
| Interest Rate: | 0.0% |
| Maturity Date: | No Maturity Date |
| Other Material Terms: | No maturity date |
| Creditor(s): | Peter Kaufman |
| Amount Outstanding: | $40,000 |
| Interest Rate: | 0.0% |
| Maturity Date: | No Maturity Date |
| Other Material Terms: |  |

**25. What other exempt offerings has Digital Direct IR, Inc. conducted within the past three years?**

| Date of Offering: | 04/2022 |
| --- | --- |
| Exemption: | Section 4(a)(2) |
| Securities Offered: | Other |
| Amount Sold: | $4,944 |
| Use of Proceeds: | Issuance of warrants. |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(6) of the Securities Act during the preceding 12-month period, including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:

1. any director or officer of the issuer;
2. any person who is, as of the most recent practicable date, the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power;
3. if the issuer was incorporated or organized within the past three years, any promoter of the issuer; or
4. any immediate family member of any of the foregoing persons.

Yes.

If yes, for each such transaction, disclose the following:

| Specified Person | Relationship to Issuer | Nature of Interest in Transaction | Amount of Interest |
| --- | --- | --- | --- |
| Howard Carpenter | Board Director | Debt | $51,912 |
| Peter Kaufman | CEO | Debt | $40,000 |

## Financial Condition of the Issuer

27. Does the issuer have an operating history?

Yes.

28. Describe the financial condition of the issuer, including, to the extent material, liquidity, capital resources and historical results of operations.

Digital Direct IR, Inc. ("The Company") is a corporation formed under the laws of Delaware on February 25, 1998. The Company is engaged in the development of infrared thermal imaging cameras for use in the public and private security markets. The Company's facilities are located in Carmel NY and Fresh Meadows NY. Results of Operations: During the period January 1, 2022 through April 30, 2022, the Company generated $4,000 in revenues. Revenues for the year ended December 31, 2021 increased by $11,000 to $56,000, as compared to $45,000 for the year ended December 31, 2020. During the period January 1, 2022 through April 30, 2022, the Company had $6,822 in operating expenses. Operating expenses for the year ended December 31, 2021 increased by $18,292 to $26,300, as compared to $8,008 for the year ended December 31, 2020. During the period January 1, 2022 through April 30, 2022, the Company had a net loss of $2,822. Net income for the year ended December 31, 2021 decreased by $7,590 to $29,375, as compared to $36,965 for the year ended December 31, 2020. Liquidity and Capital Resources: During 2022, the Company raised $4,944 through the issuance of stock warrants. The Company currently owes $91,912 in note payables, $51,912 to Howard Carpenter and $40,000 to Peter Kaufman. The

note payables have a zero percent interest rate and no maturity date. Additionally, the Company has a loan payable to EIDL for $1,000. The loan payable has a 3% interest rate and a maturity date of June 1, 2040. With this raise, the Company plans to use the proceeds from the Offering primarily on product engineering and compensation for managers.

## Financial Information

29. **Include the financial information specified by regulation, covering the two most recently completed fiscal years or the period(s) since inception if shorter.**

See attachments:

CPA Review Report: reviewletter.pdf

30. With respect to the issuer, any predecessor of the issuer, any affiliated issuer, any director, officer, general partner or managing member of the issuer, any beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated in the same form as described in Question 6 of this Question and Answer format, any promoter connected with the issuer in any capacity at the time of such sale, any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of securities, or any general partner, director, officer or managing member of any such solicitor, prior to May 16, 2016:

1. Has any such person been convicted, within 10 years (or five years, in the case of issuers, their predecessors and affiliated issuers) before the filing of this offering statement, of any felony or misdemeanor:
1. in connection with the purchase or sale of any security?
2. involving the making of any false filing with the Commission?
3. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities?

2. Is any such person subject to any order, judgment or decree of any court of competent jurisdiction, entered within five years before the filing of the information required by Section 4A(b) of the Securities Act that, at the time of filing of this offering statement, restrains or enjoins such person from engaging or continuing to engage in any conduct or practice:
1. in connection with the purchase or sale of any security?;
2. involving the making of any false filing with the Commission?
3. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities?

3. Is any such person subject to a final order of a state securities commission (or an agency or officer of a state performing like functions); a state authority that supervises or examines banks, savings associations or credit unions; a state insurance commission (or an agency or officer of a state performing like functions); an appropriate federal banking agency; the U.S. Commodity Futures Trading Commission; or the National Credit Union Administration that:
1. at the time of the filing of this offering statement bars the person from:
1. association with an entity regulated by such commission, authority, agency or officer?
2. engaging in the business of securities, insurance or banking?
3. engaging in savings association or credit union activities?

2. constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct and for which the order was entered within the 10-year period ending on the date of the filing of this offering statement?

4. Is any such person subject to an order of the Commission entered pursuant to Section 15(b) or 15B(c) of the Exchange Act or Section 203(e) or (f) of the Investment Advisers Act of 1940 that, at the time of the filing of this offering statement:
1. suspends or revokes such person's registration as a broker, dealer, municipal securities dealer, investment adviser or funding portal?
2. places limitations on the activities, functions or operations of such person?
3. bars such person from being associated with any entity or from participating in the offering of any penny stock?

If Yes to any of the above, explain:

5. Is any such person subject to any order of the Commission entered within five years before the filing of this offering statement that, at the time of the filing of this offering statement, orders the person to cease and desist from committing or causing a violation or future violation of:

1. any scienter-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act, Section 15(c)(1) of the Exchange Act and Section 206(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder?
2. Section 5 of the Securities Act?
6. Is any such person suspended or expelled from membership in, or suspended or barred from association with a member of, a registered national securities exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade?
7. Has any such person filed (as a registrant or issuer), or was any such person or was any such person named as an underwriter in, any registration statement or Regulation A offering statement filed with the Commission that, within five years before the filing of this offering statement, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is any such person, at the time of such filing, the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued?
8. Is any such person subject to a United States Postal Service false representation order entered within five years before the filing of the information required by Section 4A(b) of the Securities Act, or is any such person, at the time of filing of this offering statement, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations?

Digital Direct IR, Inc. answers 'NO' to all of the above questions.

## Other Material Information

31. In addition to the information expressly required to be included in this Form, include: any other material information presented to investors; and such further material information, if any, as may be necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.

The following documents are being submitted as part of this offering:

Governance:

Certificate of Incorporation: certificateofincorporation.pdf

Corporate Bylaws: corporatebylaws.pdf

Opportunity:

Offering Page JPG: offeringpage.jpg

Financials:

Additional Information: otherfinancial.pdf

## Ongoing Reporting

32. The issuer will file a report electronically with the Securities & Exchange Commission annually and post the report on its web site, no later than 120 days after the end of each fiscal year covered by the report:

Once posted, the annual report may be found on the issuer's web site at: https://digitaldirectir.com/

The issuer must continue to comply with the ongoing reporting requirements until:

- the issuer is required to file reports under Section 13(a) or Section 15(d) of the Exchange Act;
- the issuer has filed at least one annual report pursuant to Regulation Crowdfunding and has fewer than 300 holders of record and has total assets that do not exceed $10,000,000;
- the issuer has filed at least three annual reports pursuant to Regulation Crowdfunding;
- the issuer or another party repurchases all of the securities issued in reliance on Section 4(a)(6) of the Securities Act, including any payment in full of debt securities or any complete redemption of redeemable securities; or
- the issuer liquidates or dissolves its business in accordance with state law.

**Attachment 2:** `reviewletter.pdf`

**DIGITAL DIRECT IR, INC.**

**FINANCIAL STATEMENTS**

**APRIL 30, 2022**

# **DIGITAL DIRECT IR, INC**

# **CONTENTS**

|  | Page |
| --- | --- |
| Report of Certified Public Accountants | 1 |
| Financial Statements |  |
| Balance Sheet at April 30, 2022 | 2-3 |
| Statement of Loss and Retained Earnings for the four months (4) ending April 30, 2022 | 4 |
| Statement of Changes in Stockholders’ Equity for the Four months (4) Ended April 30, 2022 | 5 |
| Statement of Cash Flows for the Four months (4) ending April 30, 2022 | 6-7 |
| Notes to Financial Statements | 8-12 |

# **JR Financial Services, Inc.**

Joseph Rossello, CPA

125 Front Street, Suite 3
Massapequa Park, NY 11762
Phone (516) 470-1545
Fax (516) 470-1547

To The Stockholders
Digital Direct IR, Inc
Carmel, New York

We have reviewed the accompanying balance sheet of Digital Direct, Inc. for the period ended April 30, 2022 and the related statements of Loss and deficit, for the Four months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of Digital Direct, Inc.

A review consists principally of inquiries of Company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles.

JR FINANCIAL SERVICES, INC.

Massapequa Park, New York
June 8, 2022

-1-

# BALANCE SHEET

# **DIGITAL DIRECT IR, INC.**
**BALANCE SHEET**
**APRIL 30, 2022**

# **ASSETS**

# **CURRENT ASSETS:**

| Cash | $721 |
| --- | --- |
| Total Current Assets | 721 |

# **OTHER ASSETS:**

| Patent Costs | 305,843 |
| --- | --- |
|  | $306,564 |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-2-

# **DIGITAL DIRECT IR, INC.**
**BALANCE SHEET**
**APRIL 30, 2022**

# **LIABILITIES AND STOCKHOLDER'S EQUITY**

**CURRENT LIABILITIES:**

| Accrued Taxes | $325 |
| --- | --- |
| Accrued expenses and other current liabilities | 31,037 |
|  | 31,362 |

**LONG-TERM LIABILITIES:**

| Loans payable - Officers | 91,912 |
| --- | --- |
| Convertible warrants | 4,944 |
| Loan payable - EIDL | 1,000 |
|  | 97,856 |

**STOCKHOLDER'S EQUITY:**

| Additional paid in capital | 199 |
| --- | --- |
| Common Stock | 778,412 |
| Deficit | ( 601,265) |
| Total Stockholder's Equity | 177,346 |
|  | $306,564 |

See accountants' review report and notes to financial statements.

"UNAUDITED"

-3-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF LOSS AND DEFICIT**
**FOR THE FOUR MONTHS ENDING APRIL 30, 2022**

| REVENUES EARNED | $4,000 |
| --- | --- |
| OPERATING EXPENSES |  |
| Bank Charges | 72 |
| Insurance | 1,708 |
| Office Expense | 116 |
| Rent | 3,995 |
| Telephone and internet | 550 |
| Utilities | 381 |
|  | 6,822 |
| NET LOSS BEFORE PROVISION FOR INCOME TAXES | ( 2,822) |
| PROVISION FOR TAX | -0- |
| NET LOSS | ( 2,822) |
| DEFICIT, BEGINNING OF PERIOD | ( 573,592) |
| DEFICIT, END OF PERIOD | ($576,414) |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-4-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**
**FOR THE FOUR ENDED APRIL 30, 2022**

|  | Shares | Common Stock | Additional Paid in Capital | Accumulated Deficit | Total Stockholders' Equity |
| --- | --- | --- | --- | --- | --- |
| Balance at December 31, 2021 | 119,483 | $753,561 | $199 | ($573,592) | $180,168 |
| Issuance of Additional stock | -0- | -0- | -0- | -0- | -0- |
| Net Loss |  | -0- | -0- | ( 2,822) | ( 2,822) |
| Balance April 30, 2022 | 119,483 | $753,561 | $199 | ($576,414) | $177,346 |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-5-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CASH FLOWS**
**FOR THE FOUR MONTHS ENDING APRIL 30, 2022**

**CASH FLOWS FROM OPERATING ACTIVITES**

Cash received

$4,000

Cash Provided By Operating Activities

4,000

Cash Paid for operating activities

( 14,695)

Cash Disbursed For Operating Activities

( 14,695)

**NET CASH USED IN OPERATING ACTIVITES**

( 10,695)

**CASH FLOWS FROM FINANCING ACTIVITES**

Proceeds from issuance of stock warrants

4,944

**NET CASH PROVIDED BY FINANCING ACTIVITIES**

4,944

**NET DECREASE IN CASH**

( 5,751)

**CASH, BEGINNING OF PERIOD**

6,472

**CASH, END OF PERIOD**

$721

See accountants' review report and notes to financial statements.

"UNAUDITED"

-6-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CASH FLOWS**
**FOR THE FOUR MONTHS ENDING APRIL 30, 2022**

# **RECONCILIATION OF NET LOSS TO NET CASH**
**USED IN OPERATING ACTIVITES**

**NET LOSS** ($2,822)

# **ADUSTMENTS TO RECONCILE NET LOSS TO**
**NET CASH USED IN OPERATING ACTIVITES**

**Changes in assets (increase) decrease**
**Patent Costs** ( 247)

**Changes in liabilities increase (decrease):**
**Accrued expenses** ( 7,626)

**Total Adjustments** ( 7,873)

**NET CASH USED IN OPERATING**
**ACTIVITES** ($10,695)

See accountants' review report and notes to financial statements.
"UNAUDITED"

-7-

# DIGITAL DIRECT IR, INC.
NOTES TO FINANCIAL STATEMENTS
(SEE ACCOUNTANT'S REVIEW REPORT)

Note 1 - Summary of Significant Accounting Policies

Business Activity

Digital Direct IR, Inc. ("The Company") is engaged in the development of infrared thermal imaging cameras for use in the public and private security markets. The Company's facilities are located in Carmel NY and Fresh Meadows NY.

Revenue and Cost Recognition

The Company has not offered its product for sale to the general public since it is still in the research and development stages. The Company has elected to report revenues on the accrual method of accounting. This method requires that revenues and expenses be recorded when earned and when incurred.

Pervasiveness of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. In these financial statements, assets, liabilities, and earnings from contracts involve extensive reliance on management's estimates. Actual results could differ from those estimates.

Cash Equivalents

The Company considers securities with maturities of three months or less, when purchased, to be cash equivalents.

Income Taxes

Income taxes are reported utilizing the accrual method for income tax purposes. This method requires that income be taxed when billed and expenses deducted when incurred.

See accountants' review report.

-8-

# DIGITAL DIRECT IR, INC.
NOTES TO FINANCIAL STATEMENTS
(SEE ACCOUNTANTS' REVIEW REPORT)

Note 1 - Summary of Significant Accounting Policies Cont'd.

Absence of Operating History.

The Company is a development stage company, and, therefore, it is subject to the risks inherent in the creation of a new business and the development of new products and services, including the absence of a history of significant operations, and the absence of proven products and services. There is no operating history, which makes the prediction of future results of operations difficult or impossible, and no assurance can be made that the goals of growth and profitability will be achieved. Revenues and results of operations will likely fluctuate significantly in the future. The causes of fluctuation may include the ability to develop, market and produce products and services, demand for these products, the level of competition, changes in operating expenses and general economic factors.

Ability to Obtain and Protect Proprietary Technology and Information.

As the company has already and will obtain patent protection to protect its proprietary rights, there can be no assurance that any of the company's intellectual property rights will not be challenged, invalidated or circumvented, or that the rights granted thereunder will provide any competitive advantage. The company could incur substantial costs in asserting or defending their intellectual property or proprietary rights against others, including any such rights obtained from third parties.

Dependence on key personnel.

The company's success, development, operations and future business will be substantially dependent upon the personal efforts and expertise of the founders and officers of the company. The loss of the services of such persons could have a material adverse effect. The company success will also be dependent upon its ability to hire and retain qualified personnel. There is no assurance that the company will be able to hire or retain such personnel.

The Need for Future Capital.

In order to accomplish the company's business objective, additional financing may be required. There can be no assurance that the necessary financing, should it be needed, will be available at affordable terms. The failure to obtain additional funds, when needed, will have a material adverse effect on the business, financial condition and results of operation.

See accountants' review report.

-9-

# **DIGITAL DIRECT IR, INC.  
NOTES TO FINANCIAL STATEMENTS  
(SEE ACCOUNTANT'S REVIEW REPORT)**

# **Note 1 - Summary of Significant Accounting Policies Cont'd.**

# **Absence of Public Market and Limited Transferability of Shares.**

There is no public market for the shares or any other security of the company and it is not anticipated that an active public market will develop in the foreseeable future. In addition, the shares have not been registered under the Securities Act or qualified under any state securities laws. Accordingly, the shares cannot be sold or otherwise transferred unless they are subsequently registered under the Act and qualified under any applicable state securities law or an exemption from such registration and /or qualification is available. Based on the foregoing, a purchaser will have to bear the economic risk of his or her investment for an indefinite period of time, therefore, the purchase of the shares is suitable only for those individuals who have no need for liquidity in their investment and who have adequate means of providing for their current financial needs and personal contingencies. The transfer of shares will be subject to certain limitations imposed by the Federal and State Securities laws. It is not anticipated that any public market for the shares will develop at any time within the foreseeable future. Consequently, holders of shares may not be able to liquidate their investment in the event of an emergency or for any other reason, and shares may not be readily accepted as collateral for loans. The purchase of shares should be considered only as a long-term investment.

# **Uncertainty of Amount of Proceeds from the Sales of Units.**

Units of the Company are being offered directly and the sale of the units is on a best-efforts basis. Subscriptions are accepted as received and, accordingly, may be sold all or in part. There is no assurance as to the number of units that will be sold and, therefore, no assurance as to the amount of proceeds the company will receive from the sale of units. The failure to sell all or any of the units may have a material adverse effect on the business, financial condition and results of operations.

# **Dilution.**

Prospective investors who choose to purchase shares will incur immediate and substantial dilution in the tangible book value associated with their investment. Moreover, purchasers of shares may experience further dilution upon the consummation of additional sales of its securities.

See accountants' review report.

-10-

# **DIGITAL DIRECT IR, INC.  
NOTES TO FINANCIAL STATEMENTS  
(SEE ACCOUNTANTS' REVIEW REPORT)**

# **Note 1 - Summary of Significant Accounting Policies Cont'd.**

# **Assumptions regarding Financial Projections.**

The Company's business plan contains projections prepared by the Company. The projections are based on management's assessment of such matters as growth, customer base, market size and general industry conditions and reflect the best estimates of management. No assurance can be given that any of the assumptions on which the projections have been based will prove to be correct or that the projected figures will be attained. Actual results may vary from projections and the variations may be both material and adverse. The projected financial statements have not been examined, reviewed or compiled by independent public accountants.

# **Note 2 - Patent costs.**

Patent costs comprise expenditures incurred toward the procurement of various patents obtained and those which are still in the process of being obtained to the extent which they relate to the research and development of its infrared thermal imaging cameras. These expenditures will be amortized when revenue is generated.

# **Note 3 - Officer Loans.**

The Company has been advanced funds totaling $91,912 from the officers. These funds are non-interest bearing and are not expected to be repaid within the next twelve months.

# **Note 4 - Common Stock**

The Company amended its certificate of incorporation on November 2$^{nd}$2015. The Company was given the authority to issue 1,000,000 shares of common stock with a par value of $.001 per share. In addition, the Company approved a 500 to 1 stock split of its issued and outstanding shares. As of April 30, 2022, the Company had 119,483 shares of common stock outstanding.

See accountants' review report.

-11-

# **DIGITAL DIRECT IR, INC.**  
**FINANCIAL STATEMENTS**  
**DECEMBER 31, 2021**

# **DIGITAL DIRECT IR, INC.**

# **CONTENTS**

|  | Page |
| --- | --- |
| Report of Certified Public Accountants | 1 |
| Financial Statements |  |
| Balance Sheet at December 31, 2021 | 2-3 |
| Statement of Income and Deficit for the Year Ended December 31, 2021 | 4 |
| Statement of Changes in Stockholders’ Equity for the Year Ended December 31, 2021 | 5 |
| Statement of Cash Flows for the Year Ended December 31, 2021 | 6-7 |
| Notes to Financial Statements | 8-12 |

# **JR Financial Services, Inc.**

Joseph Rossello, CPA

125 Front Street, Rm3
Massapequa Park, NY 11762
Phone (516) 470-1545
Fax (516) 470-1547

To the Stockholders
Digital Direct IR, Inc
Carmel, New York

We have independently reviewed the accompanying balance sheet of Digital Direct IR, Inc. at December 31, 2021 and the related statements of income and stockholders' deficit for the year then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of Digital Direct IR, Inc.

A review consists principally of inquiries of Company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles.

JR FINANCIAL SERVICES, INC.

Massapequa Park, New York
June 2, 2022

-1-

# BALANCE SHEET

# **DIGITAL DIRECT IR, INC.  
BALANCE SHEET  
DECEMBER 31, 2021**

# **ASSETS**

# **CURRENT ASSETS:**

| Cash | $6,472 |
| --- | --- |
| Total Current Assets | 6,472 |

# **OTHER ASSETS:**

| Patent Costs | 305,596 |
| --- | --- |
|  | $312,068 |

See accountants' review report and notes to financial statements.

**“UNAUDITED”**

-2-

# **DIGITAL DIRECT IR, INC.**
**BALANCE SHEET**
**DECEMBER 31, 2021**

# **LIABILITIES AND STOCKHOLDER'S EQUITY**

**CURRENT LIABILITIES:**

| Accrued taxes | $325 |
| --- | --- |
| Accrued expenses and other current liabilities | 38,663 |
| Total Current Liabilities | 38,988 |

**LONG-TERM LIABILITIES:**

| Loans payable - Officers | 91,912 |
| --- | --- |
| Loan payable - EIDL | 1,000 |
|  | 92,912 |

**STOCKHOLDER'S EQUITY:**

| Additional paid in capital | 199 |
| --- | --- |
| Common stock | 778,412 |
| Deficit | ( 598,443) |
| Total Stockholder's Equity | 180,168 |
|  | $312,068 |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-3-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF INCOME AND DEFICIT**
**FOR THE YEAR ENDED DECEMBER 31, 2021**

| REVENUES EARNED | $56,000 |
| --- | --- |

**OPERATING EXPENSES**

| Bank Charges | 371 |
| --- | --- |
| Insurance | 4,958 |
| Interest | 47 |
| Legal and Professional | 9,398 |
| Office Expense | 607 |
| Rent | 7,668 |
| Research and development | 200 |
| Security and Protection | 261 |
| Telephone and internet | 1,463 |
| Utilities | 1,327 |
|  | 26,300 |

| Net Income before provision for Tax | 29,700 |
| --- | --- |

| Provision for tax | 325 |
| --- | --- |

| NET INCOME | 29,375 |
| --- | --- |

| DEFICIT, BEGINNING OF YEAR | ( 627,818) |
| --- | --- |

| DEFICIT, END OF YEAR | ($598,443) |
| --- | --- |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-4-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**
**FOR THE YEAR ENDED DECEMBER 31, 2021**

|  | Shares | Common Stock | Additional Paid in Capital | Accumulated Deficit | Total Stockholders' Equity |
| --- | --- | --- | --- | --- | --- |
| Balance at January 1, 2021 | 119,483 | $778,412 | $199 | ($627,818) | $150,793 |
| Net Income | _____ | -0- | -0- | 29,375 | 29,375 |
| Balance December 31, 2021 | 119,483 | $778,412 | $199 | ($598,443) | $180,168 |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-5-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CASH FLOWS**
**FOR THE YEAR ENDED DECEMBER 31, 2021**

**CASH FLOWS FROM OPERATING ACTIVITIES:**

| Cash received | $81,000 |
| --- | --- |
| Cash Provided By Operating Activities | 81,000 |

| Interest | ( 47) |
| --- | --- |
| Cash paid for operating activities | ( 74,391 ) |
| Cash Disbursed For Operating Activities | ( 74,438 ) |

**NET CASH PROVIDED BY OPERATING ACTIVITIES**

|  | 6,562 |
| --- | --- |

**CASH FLOWS FROM FINANCING ACTIVITIES:**

| Officer loan advances | 300 |
| --- | --- |
| Proceeds from notes payable - Bank | ( 1,000 ) |

**NET CASH (USED IN) FINANCING ACTIVITIES**

|  | ( 700 ) |
| --- | --- |

| NET INCREASE IN CASH | 5,862 |
| --- | --- |

| CASH, BEGINNING OF YEAR | 610 |
| --- | --- |

| CASH, END OF YEAR | $6,472 |
| --- | --- |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-6-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CASH FLOWS**
**FOR THE YEAR ENDED DECEMBER 31, 2021**

# **RECONCILIATION OF NET INCOME TO NET CASH**
**PROVIDED BY OPERATING ACTIVITIES:**

| NET INCOME | $29,375 |
| --- | --- |

# **ADJUSTMENTS TO RECONCILE NET INCOME TO**
**NET CASH PROVIDED BY OPERATING ACTIVITIES:**

| Changes in assets (increase) decrease: |  |
| --- | --- |
| Patent Costs | ( 30,864) |
| Contracts receivable | 25,000 |
| Changes in liabilities increase (decrease): |  |
| Accrued taxes | 325 |
| Accrued expenses | ( 17,274) |
| Total Adjustments | ( 22,813) |

| NET CASH PROVIDED BY OPERATING ACTIVITIES | $6,562 |
| --- | --- |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-7-

# DIGITAL DIRECT IR, INC.
NOTES TO FINANCIAL STATEMENTS
(SEE ACCOUNTANT'S REVIEW REPORT)

Note 1 - Summary of Significant Accounting Policies

Business Activity

Digital Direct IR, Inc. ("The Company") is engaged in the development of infrared thermal imaging cameras for use in the public and private security markets. The Company's facilities are located in Carmel NY and Fresh Meadows NY.

Revenue and Cost Recognition

The Company has not offered its product for sale to the general public since it is still in the research and development stages. The Company has elected to report revenues on the accrual method of accounting. This method requires that revenues and expenses be recorded when earned and when incurred.

Pervasiveness of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. In these financial statements, assets, liabilities, and earnings from contracts involve extensive reliance on management's estimates. Actual results could differ from those estimates.

Cash Equivalents

The Company considers securities with maturities of three months or less, when purchased, to be cash equivalents.

Income Taxes

Income taxes are reported utilizing the accrual method for income tax purposes. This method requires that income be taxed when billed and expenses deducted when incurred.

-8-

# DIGITAL DIRECT IR, INC.
NOTES TO FINANCIAL STATEMENTS
(SEE ACCOUNTANT'S REVIEW REPORT)

Note 1 - Summary of Significant Accounting Policies Cont'd.

Absence of Operating History.

The Company is a development stage company, and, therefore, it is subject to the risks inherent in the creation of a new business and the development of new products and services, including the absence of a history of significant operations, and the absence of proven products and services. There is no operating history, which makes the prediction of future results of operations difficult or impossible, and no assurance can be made that the goals of growth and profitability will be achieved. Revenues and results of operations will likely fluctuate significantly in the future. The causes of fluctuation may include the ability to develop, market and produce products and services, demand for these products, the level of competition, changes in operating expenses and general economic factors.

Ability to Obtain and Protect Proprietary Technology and Information.

As the company has already and will obtain patent protection to protect its proprietary rights, there can be no assurance that any of the company's intellectual property rights will not be challenged, invalidated or circumvented, or that the rights granted thereunder will provide any competitive advantage. The company could incur substantial costs in asserting or defending their intellectual property or proprietary rights against others, including any such rights obtained from third parties.

Dependence on key personnel.

The company's success, development, operations and future business will be substantially dependent upon the personal efforts and expertise of the founders and officers of the company. The loss of the services of such persons could have a material adverse effect. The company success will also be dependent upon its ability to hire and retain qualified personnel. There is no assurance that the company will be able to hire or retain such personnel.

The Need for Future Capital.

In order to accomplish the company's business objective, additional financing may be required. There can be no assurance that the necessary financing, should it be needed, will be available at affordable terms. The failure to obtain additional funds, when needed, will have a material adverse effect on the business, financial condition and results of operation.

-9-

# **DIGITAL DIRECT IR, INC.  
NOTES TO FINANCIAL STATEMENTS  
(SEE ACCOUNTANT'S REVIEW REPORT)**

# **Note 1 - Summary of Significant Accounting Policies Cont'd.**

# **Absence of Public Market and Limited Transferability of Shares.**

There is no public market for the shares or any other security of the company and it is not anticipated that an active public market will develop in the foreseeable future. In addition, the shares have not been registered under the Securities Act or qualified under any state securities laws. Accordingly, the shares cannot be sold or otherwise transferred unless they are subsequently registered under the Act and qualified under any applicable state securities law or an exemption from such registration and /or qualification is available. Based on the foregoing, a purchaser will have to bear the economic risk of his or her investment for an indefinite period of time, therefore, the purchase of the shares is suitable only for those individuals who have no need for liquidity in their investment and who have adequate means of providing for their current financial needs and personal contingencies. The transfer of shares will be subject to certain limitations imposed by the Federal and State Securities laws. It is not anticipated that any public market for the shares will develop at any time within the foreseeable future. Consequently, holders of shares may not be able to liquidate their investment in the event of an emergency or for any other reason, and shares may not be readily accepted as collateral for loans. The purchase of shares should be considered only as a long-term investment.

# **Uncertainty of Amount of Proceeds from the Sales of Units.**

Units of the Company are being offered directly and the sale of the units is on a best efforts basis. Subscriptions are accepted as received and, accordingly, may be sold all or in part. There is no assurance as to the number of units that will be sold and, therefore, no assurance as to the amount of proceeds the company will receive from the sale of units. The failure to sell all or any of the units may have a material adverse effect on the business, financial condition and results of operations.

# **Dilution.**

Prospective investors who choose to purchase shares will incur immediate and substantial dilution in the tangible book value associated with their investment. Moreover purchasers of shares may experience further dilution upon the consummation of additional sales of its securities.

-10-

# **DIGITAL DIRECT IR, INC.  
NOTES TO FINANCIAL STATEMENTS  
(SEE ACCOUNTANT'S REVIEW REPORT)**

# **Note 1 - Summary of Significant Accounting Policies Cont'd.**

# **Assumptions regarding Financial Projections.**

The Company's business plan contains projections prepared by the Company. The projections are based on management's assessment of such matters as growth, customer base, market size and general industry conditions and reflect the best estimates of management. No assurance can be given that any of the assumptions on which the projections have been based will prove to be correct or that the projected figures will be attained. Actual results may vary from projections and the variations may be both material and adverse. The projected financial statements have not been examined, reviewed or compiled by independent public accountants.

# **Note 2 - Patent costs.**

Patent costs comprise expenditures incurred toward the procurement of various patents obtained and those which are still in the process of being obtained to the extent which they relate to the research and development of its infrared thermal imaging cameras. These expenditures will be amortized when revenue is generated.

# **Note 3 - Officer Loans.**

The Company has been advanced funds totaling $91,612 from the officers. These funds are non-interest bearing and are not expected to be repaid within the next twelve months.

# **Note 4 - Common Stock**

The Company amended its certificate of incorporation on November 2$^{nd}$2015. The Company was given the authority to issue 1,000,000 shares of common stock with a par value of $.001 per share. In addition, the Company approved a 500 to 1 stock split of its issued and outstanding shares. As of December 31, 2021, the Company has 119,483 common issued.

-11-

# **DIGITAL DIRECT IR, INC.**  
**FINANCIAL STATEMENTS**  
**DECEMBER 31, 2020**

# **DIGITAL DIRECT IR, INC.**

# **CONTENTS**

|  | Page |
| --- | --- |
| Report of Certified Public Accountants | 1 |
| Financial Statements |  |
| Balance Sheet at December 31, 2020 | 2-3 |
| Statement of Income and Deficit for the Year Ended December 31, 2020 | 4 |
| Statement of changes in stockholders’ Equity For the Year Ended December 31, 2020 | 5 |
| Statement of Cash Flows for the Year Ended December 31, 2020 | 6-7 |
| Notes to Financial Statements | 8-12 |

# **JR Financial Services, Inc.**

Joseph Rossello, CPA

125 Front Street, Rm3
Massapequa Park, NY 11762
Phone (516) 470-1545
Fax (516) 470-1547

To the Stockholders
Digital Direct IR, Inc
Carmel, New York

We have independently reviewed the accompanying balance sheet of Digital Direct IR, Inc. at December 31, 2020 and the related statements of income and stockholders' deficit for the year then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of Digital Direct IR, Inc.

A review consists principally of inquiries of Company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles.

JR FINANCIAL SERVICES, INC.

Massapequa Park, New York
March 2, 2021

-1-

# BALANCE SHEET

# **DIGITAL DIRECT IR, INC.**
**BALANCE SHEET**
**DECEMBER 31, 2020**

# **ASSETS**

# **CURRENT ASSETS:**

| Cash | $610 |
| --- | --- |
| Accounts Receivable | 25,000 |
| Total Current Assets | 25,610 |

# **OTHER ASSETS:**

| Patent Costs | 274,732 |
| --- | --- |
|  | $300,342 |

See accountants' review report and notes to financial statements.

**“UNAUDITED”**

-2-

# **DIGITAL DIRECT IR, INC.**
**BALANCE SHEET**
**DECEMBER 31, 2020**

# **LIABILITIES AND STOCKHOLDER'S EQUITY**

**CURRENT LIABILITIES:**

| Loan payable bank | $1,000 |
| --- | --- |
| Accrued expenses and other current liabilities | 55,937 |
| Total Current Liabilities | 56,937 |

**LONG-TERM LIABILITIES:**

| Loans payable - Officers | 91,612 |
| --- | --- |
| Loan payable - EIDL | 1,000 |
|  | 92,612 |

**STOCKHOLDER'S EQUITY:**

| Additional paid in capital | 199 |
| --- | --- |
| Common stock | 753,561 |
| Deficit | ( 602,967) |
| Total Stockholder's Equity | 150,793 |
|  | $300,342 |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-3-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF INCOME AND DEFICIT**
**FOR THE YEAR ENDED DECEMBER 31, 2020**

| REVENUES EARNED | $45,000 |
| --- | --- |
| OPERATING EXPENSES |  |
| Bank Charges | 422 |
| Insurance | 162 |
| Interest | 174 |
| Office Expense | 2,510 |
| Research and development | 2,041 |
| Telephone and internet | 1,670 |
| Utilities | 1,029 |
|  | 8,008 |
| Net Income before provision for Tax | 36,992 |
| Provision for tax | 27 |
| NET INCOME | 36,965 |
| DEFICIT, BEGINNING OF YEAR | ( 639,932) |
| DEFICIT, END OF YEAR | ($602,967) |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-4-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**
**FOR THE YEAR ENDED DECEMBER 31, 2020**

|  | Shares | Common Stock | Additional Paid in Capital | Accumulated Deficit | Total Stockholders' Equity |
| --- | --- | --- | --- | --- | --- |
| Balance at January 1, 2020 | 119,483 | $753,561 | $199 | ($639,932) | $113,828 |
| Net Income | -0- | -0- | -0- | 36,965 | 36,965 |
| Balance December 31, 2020 | 119,483 | $753,561 | $199 | ($602,967) | $150,793 |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-5-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CASH FLOWS**
**FOR THE YEAR ENDED DECEMBER 31, 2020**

**CASH FLOWS FROM OPERATING ACTIVITIES:**

| Cash received | $45,000 |
| --- | --- |
| Cash Provided By Operating Activities | 45,000 |

| Cash paid for operating activities | ( 48,689) |
| --- | --- |
| Cash paid for corporate taxes | ( 27) |
| Cash Disbursed For Operating Activities | ( 48,716) |

| NET CASH USED IN OPERATING ACTIVITIES | ( 3,716) |
| --- | --- |

**CASH FLOWS FROM FINANCING ACTIVITIES:**

| Proceeds from loans payable officers | 2,326 |
| --- | --- |
| Proceeds from EIDL | 1,000 |
| Proceeds from notes payable - Bank | 1,000 |

| NET CASH PROVIDED BY FINANCING ACTIVITIES | 4,326 |
| --- | --- |

| NET INCREASE IN CASH | 610 |
| --- | --- |

| CASH, BEGINNING OF YEAR | -0- |
| --- | --- |

| CASH, END OF YEAR | $610 |
| --- | --- |

See accountants' review report and notes to financial statements.
"UNAUDITED"

-6-

# **DIGITAL DIRECT IR, INC.**
**STATEMENT OF CASH FLOWS**
**FOR THE YEAR ENDED DECEMBER 31, 2020**

# **RECONCILIATION OF NET INCOME TO NET CASH**
**USED IN OPERATING ACTIVITIES:**

**NET INCOME** $36,965

# **ADJUSTMENTS TO RECONCILE NET INCOME TO**
**NET CASH USED IN OPERATING ACTIVITIES:**

**INTEREST EXPENSE** 174

**Changes in assets (increase) decrease:**

**Patent Costs** ( 2,500)

**Changes in liabilities increase (decrease):**

**Accrued expenses** ( 38,355)

**Total Adjustments** ( 40,681)

**NET CASH USED IN OPERATING**
**ACTIVITIES**

($3,716)

See accountants' review report and notes to financial statements.
"UNAUDITED"

-7-

# DIGITAL DIRECT IR, INC.
NOTES TO FINANCIAL STATEMENTS
(SEE ACCOUNTANT'S REVIEW REPORT)

Note 1 - Summary of Significant Accounting Policies

Business Activity

Digital Direct IR, Inc. ("The Company") is engaged in the development of infrared thermal imaging cameras for use in the public and private security markets. The Company's facilities are located in Carmel NY and Fresh Meadows NY.

Revenue and Cost Recognition

The Company has not offered its product for sale to the general public since it is still in the research and development stages. The Company has elected to report revenues on the accrual method of accounting. This method requires that revenues and expenses be recorded when earned and when incurred.

Pervasiveness of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. In these financial statements, assets, liabilities, and earnings from contracts involve extensive reliance on management's estimates. Actual results could differ from those estimates.

Cash Equivalents

The Company considers securities with maturities of three months or less, when purchased, to be cash equivalents.

Income Taxes

Income taxes are reported utilizing the accrual method for income tax purposes. This method requires that income be taxed when billed and expenses deducted when incurred.

-8-

# DIGITAL DIRECT IR, INC.
NOTES TO FINANCIAL STATEMENTS
(SEE ACCOUNTANT'S REVIEW REPORT)

Note 1 - Summary of Significant Accounting Policies Cont'd.

Absence of Operating History.

The Company is a development stage company, and, therefore, it is subject to the risks inherent in the creation of a new business and the development of new products and services, including the absence of a history of significant operations, and the absence of proven products and services. There is no operating history, which makes the prediction of future results of operations difficult or impossible, and no assurance can be made that the goals of growth and profitability will be achieved. Revenues and results of operations will likely fluctuate significantly in the future. The causes of fluctuation may include the ability to develop, market and produce products and services, demand for these products, the level of competition, changes in operating expenses and general economic factors.

Ability to Obtain and Protect Proprietary Technology and Information.

As the company has already and will obtain patent protection to protect its proprietary rights, there can be no assurance that any of the company's intellectual property rights will not be challenged, invalidated or circumvented, or that the rights granted thereunder will provide any competitive advantage. The company could incur substantial costs in asserting or defending their intellectual property or proprietary rights against others, including any such rights obtained from third parties.

Dependence on key personnel.

The company's success, development, operations and future business will be substantially dependent upon the personal efforts and expertise of the founders and officers of the company. The loss of the services of such persons could have a material adverse effect. The company success will also be dependent upon its ability to hire and retain qualified personnel. There is no assurance that the company will be able to hire or retain such personnel.

The Need for Future Capital.

In order to accomplish the company's business objective, additional financing may be required. There can be no assurance that the necessary financing, should it be needed, will be available at affordable terms. The failure to obtain additional funds, when needed, will have a material adverse effect on the business, financial condition and results of operation.

-9-

# **DIGITAL DIRECT IR, INC.  
NOTES TO FINANCIAL STATEMENTS  
(SEE ACCOUNTANT'S REVIEW REPORT)**

# **Note 1 - Summary of Significant Accounting Policies Cont'd.**

# **Absence of Public Market and Limited Transferability of Shares.**

There is no public market for the shares or any other security of the company and it is not anticipated that an active public market will develop in the foreseeable future. In addition, the shares have not been registered under the Securities Act or qualified under any state securities laws. Accordingly, the shares cannot be sold or otherwise transferred unless they are subsequently registered under the Act and qualified under any applicable state securities law or an exemption from such registration and /or qualification is available. Based on the foregoing, a purchaser will have to bear the economic risk of his or her investment for an indefinite period of time, therefore, the purchase of the shares is suitable only for those individuals who have no need for liquidity in their investment and who have adequate means of providing for their current financial needs and personal contingencies. The transfer of shares will be subject to certain limitations imposed by the Federal and State Securities laws. It is not anticipated that any public market for the shares will develop at any time within the foreseeable future. Consequently, holders of shares may not be able to liquidate their investment in the event of an emergency or for any other reason, and shares may not be readily accepted as collateral for loans. The purchase of shares should be considered only as a long-term investment.

# **Uncertainty of Amount of Proceeds from the Sales of Units.**

Units of the Company are being offered directly and the sale of the units is on a best-efforts basis. Subscriptions are accepted as received and, accordingly, may be sold all or in part. There is no assurance as to the number of units that will be sold and, therefore, no assurance as to the amount of proceeds the company will receive from the sale of units. The failure to sell all or any of the units may have a material adverse effect on the business, financial condition and results of operations.

# **Dilution.**

Prospective investors who choose to purchase shares will incur immediate and substantial dilution in the tangible book value associated with their investment. Moreover, purchasers of shares may experience further dilution upon the consummation of additional sales of its securities.

-10-

# **DIGITAL DIRECT IR, INC.  
NOTES TO FINANCIAL STATEMENTS  
(SEE ACCOUNTANT'S REVIEW REPORT)**

# **Note 1 - Summary of Significant Accounting Policies Cont'd.**

# **Assumptions regarding Financial Projections.**

The Company's business plan contains projections prepared by the Company. The projections are based on management's assessment of such matters as growth, customer base, market size and general industry conditions and reflect the best estimates of management. No assurance can be given that any of the assumptions on which the projections have been based will prove to be correct or that the projected figures will be attained. Actual results may vary from projections and the variations may be both material and adverse. The projected financial statements have not been examined, reviewed or compiled by independent public accountants.

# **Note 2 - Accounts Receivable**

The Company entered into a Licensing agreement with an initial signing of $25,000.

# **Note 3 - Patent costs.**

Patent costs comprise expenditures incurred toward the procurement of various patents obtained and those which are still in the process of being obtained to the extent which they relate to the research and development of its infrared thermal imaging cameras. These expenditures will be amortized when revenue is generated.

# **Note 4 - Officer Loans.**

The Company has been advanced funds totaling $91,612 from the officers. These funds are non-interest bearing and are not expected to be repaid within the next twelve months.

# **Note 5 - Loans payable - convertible notes.**

The convertible notes mature on December 31, 2020 and are payable including interest accrued at 10% per annum. If qualified financing (Q.F.) occurs before maturity date, all principal and accrued interest shall be converted into Q.F. security at the conversion price equal to the lesser of: (a) the lowest per share purchase price paid by the Q.F. Investor's multiplied by 80% or (b) the price cap divided by the number of fully diluted share prior to the Q.F. (including any equity incentive pool that will exist after the Q.F.).

11-

# **DIGITAL DIRECT IR, INC.  
NOTES TO FINANCIAL STATEMENTS  
(SEE ACCOUNTANT'S REVIEW REPORT)**

# **Note 6 - Common Stock**

The Company amended its certificate of incorporation on November 2$^{nd}$2015. The Company was given the authority to issue 1,000,000 shares of common stock with a par value of $.001 per share. In addition, the Company approved a 500 to 1 stock split of its issued and outstanding shares. As of December 31, 2020, the Company had 119,483 shares of common stock outstanding.

-12-

**Attachment 3:** `certificateofincorporation.pdf`

# STATE OF NEW YORK

## DEPARTMENT OF STATE

I hereby certify that the annexed copy has been compared with the original document in the custody of the Secretary of State and that the same is a true copy of said original.

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

WITNESS my hand and official seal of the Department of State, at the City of Albany, on November 4, 2015.

Anthony Giardina

Anthony Giardina

Executive Deputy Secretary of State

Rev. 06/13

151103000622

# CERTIFICATE OF AMENDMENT

# OF

# THE CERTIFICATE OF INCORPORATION

# OF

DIGITAL DIRECT IR, INC.

Under Section 805 of the Business Corporation Law

FIRST: The name of the corporation is: Digital Direct IR, Inc. The name under which the corporation was formed is: Public Service Solutions, Inc.

SECOND: The date of filing of the certificate of incorporation with the Department of State is: February 25, 1998.

THIRD: The amendments effected by this certificate of amendment are as follows:

(i) Paragraph Fourth of the Certificate of Incorporation relating to the aggregate number of shares which the corporation has the authority to issue is hereby amended. Prior to this amendment, the corporation had the authority to issue 200 shares, no par value and following such amendment the corporation will have the authority to issue 1,000,000 shares, $.001 par value per share. All such shares are common stock. Prior to this amendment all shares of the corporation were issued and outstanding. In connection herewith, the corporation approved a 500 to 1 stock split of its issued and outstanding shares. Following the stock split, 900,000 shares of common stock shall be authorized but unissued. Paragraph Fourth of the Certificate of Incorporation is now deleted in its entirety and replaced with the following:

Fourth: The aggregate number of shares which the corporation shall have the authority to issue is 1,000,000 shares with $.001 par value per share.

(ii) A new Paragraph Seventh is hereby added to the Certificate of Incorporation which shall read in its entirety as follows:

Seventh: Whenever shareholders are required or permitted to take any action by vote, such action may be taken without a meeting on written consent, setting forth the action so taken, signed by the holders of outstanding shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted.

FOURTH: The certificate of amendment was authorized by: The vote of the board of directors followed by a vote of a majority of all outstanding shares entitled to vote thereon at a meeting of shareholders.

In Witness Whereof, the undersigned has executed this Certificate of Amendment as of November 2nd, 2015.

Peter Kaufman, President

151103000622

# CERTIFICATE OF CHANGE

# OF

# PUBLIC SERVICE SOLUTIONS INC.

Under Section 805-A of the Business Corporation Law

FIRST: The name of the corporation is Public Service Solutions Inc.

SECOND: The certificate of incorporation was filed by the Department of State on February 25, 1998.

THIRD: The change effected hereby is that the name of the corporation is hereby changed to Digital Direct IR, Inc.

FOURTH: The change was authorized by the board of directors.

![img-2.jpeg](img-2.jpeg)

Peter Neil Kaufman

(Name of Signer)

President

(Title of Signer)

**Attachment 4:** `corporatebylaws.pdf`

# AMENDED AND RESTATED BY-LAWS

OF

DIGITAL DIRECT IR, INC.

(Formed under the laws of the State of New York)

## SHAREHOLDERS

Section 1. Annual Meeting. A meeting of the shareholders shall be held annually for the election of directors and the transaction of other business on such date in each year as may be determined by the Board of Directors, but in no event later than 180 days following the end of the fiscal year of the Corporation.

Section 2. Special Meetings. Special meetings of the shareholders may be called by the Board of Directors or, subject to the control of the Board, by the President and shall be called by the Board upon the written request of the holders of record of a majority of the outstanding shares of the Corporation entitled to vote at the meeting requested to be called. Such request shall state the purpose or purposes of the proposed meeting. At such meetings the only business which may be transacted is that relating to the purpose or purposes set forth in the notice thereof.

Section 3. Place of Meetings. Meetings of shareholders shall be held at such place, within or without the State of New York, as may be fixed by the Board of Directors. If no place is so fixed, such meetings shall be held at the office of the Corporation in the State of New York.

Section 4. Notice of Meetings. Notice of each meeting of shareholders shall be given in writing and shall state the place, date and hour of the meeting and the purpose or purposes for which the meeting is called. Notice of a special meeting shall indicate that it is being issued by or at the direction of the person or persons calling or requesting the meeting. If, at any meeting, action is proposed to be taken which would, if taken, entitle objecting shareholders to receive payment for their shares, the notice shall include a statement of that purpose and to that effect.

Section 5. Waiver of Notice. Notice of meeting need not be given to any shareholder who submits a signed waiver of notice, in person or by proxy, whether before or after the meeting. The attendance of any shareholder at a meeting, in person or by proxy, without protesting prior to the conclusion of the meeting the lack of notice of such meeting, shall constitute a waiver of notice by him or her.

Section 6. Inspectors of Election. The Board of Directors, in advance of any shareholders' meeting, may appoint one or more inspectors to act at the meeting or any adjournment thereof. If inspectors are not so appointed, the person presiding at a shareholders' meeting may, and on the request of any shareholder entitled to vote thereat shall, appoint one or more inspectors. In case any person appointed fails to appear or act, the vacancy may be filled by appointment made by the Board in advance of the meeting or at the meeting by the person presiding thereat. Each inspector, before

entering upon the discharge of his or her duties, shall take and sign an oath faithfully to execute the duties of inspector at such meeting with strict impartiality and according to the best of his or her ability.

The inspectors shall determine the number of shares outstanding and the voting power of each, the shares represented at the meeting, the existence of a quorum, and the validity and effect of proxies, and shall receive votes, ballots or consents, hear and determine all challenges and questions arising in connection with the right to vote, count and tabulate all votes, ballots or consents, determine the result, and do such acts as are proper to conduct the election or vote with fairness to all shareholders. On request of the person presiding at the meeting or any shareholder entitled to vote thereat, the inspectors shall make a report in writing of any challenge, question or matter determined by them and execute a certificate of any fact found by them. Any report or certificate made by them shall be prima facie evidence of the facts stated and of the vote as certified by them.

Section 7. List of Shareholders at Meetings. A list of shareholders as of the record date, certified by the Secretary or any Assistant Secretary or by a transfer agent, shall be produced at any meeting of shareholders upon the request thereat or prior thereto of any shareholder. If the right to vote at any meeting is challenged, the inspectors of election, or person presiding thereat, shall require such list of shareholders to be produced as evidence of the right of the persons challenged to vote at such meeting, and all persons who appear from such list to be shareholders entitled to vote thereat may vote at such meeting.

2 Section 8. Qualification of Voters. Unless otherwise provided in the certificate of incorporation, every shareholder of record shall be entitled at every meeting of shareholders to one vote for every share standing in his or her name on the record of shareholders.

Treasury shares as of the record date and shares held as of the record date by another domestic or foreign corporation of any type or kind, if a majority of the shares entitled to vote in the election of directors of such other corporation is held as of the record date by the Corporation, shall not be shares entitled to vote or to be counted in determining the total number of outstanding shares.

Shares held by an administrator, executor, guardian, conservator, committee, or other fiduciary, except a trustee, may be voted by him or her, either in person or by proxy, without transfer of such shares into his or her name. Shares held by a trustee may be voted by him or her, either in person or by proxy, only after the shares have been transferred into his or her name as trustee or into the name of his or her nominee.

Shares standing in the name of another domestic or foreign corporation of any type or kind may be voted by such officer, agent or proxy as the by-laws of such corporation may provide, or, in the absence of such provision, as the board of directors of such corporation may determine.

A shareholder shall not sell his or her vote or issue a proxy to vote to any person for any sum of money or anything of value except as permitted by law.

Section 9. Quorum of Shareholders. The holders of a majority of the shares entitled to vote thereat shall constitute a quorum at a meeting of shareholders for the transaction of any business, provided that when a specified item of business is required to be voted on by a class or series, voting as a class, the holders of a majority of the shares of such class or series shall constitute a quorum for the transaction of such specified item of business.

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When a quorum is once present to organize a meeting, it is not broken by the subsequent withdrawal of any shareholders.

The shareholders who are present in person or by proxy and who are entitled to vote may, by a majority of votes cast, adjourn the meeting despite the absence of a quorum.

Section 10. Proxies. Every shareholder entitled to vote at a meeting of shareholders or to express consent or dissent without a meeting may authorize another person or persons to act for him or her by proxy.

Every proxy must be signed by the shareholder or his or her attorney-in-fact. No proxy shall be valid after the expiration of 11 months from the date thereof unless otherwise provided in the proxy. Every proxy shall be revocable at the pleasure of the shareholder executing it, except as otherwise provided by law.

Without limiting the manner in which a shareholder may authorize another person or persons to act for him or her as proxy pursuant to this Section, the following shall constitute a valid means by which a shareholder may grant such authority:

(i) A shareholder may execute a writing authorizing another person or persons to act for him or her as proxy. For corporate, partnership, limited liability company or other non-individual shareholder, execution may be accomplished by the shareholder's authorized officer, director, partner, member, manager, employee or agent signing such writing or causing his or her signature to be affixed to such writing. For all shareholders, execution may be accomplished by causing such signatures affixed by any reasonable means, including, but not limited to, telefacsimile and photocopy signature.

(ii) A shareholder may also authorize another person or persons to act for the shareholder as proxy by transmitting or authorizing the transmission of a telefacsimile, or other reasonable means of electronic transmission to the person who will be the holder of the proxy who shall be deemed to be the agent duly authorized by the person and who will be the holder of the proxy to receive such transmission, provided that any such telefacsimile, or other reasonable means of electronic transmission must either set forth, or be submitted with, information from which it can be reasonably determined that the telefacsimile, or other reasonable means of electronic transmission was authorized by the shareholder. If it is determined that such telefacsimiles, or other reasonable means of electronic transmissions are valid, the inspectors or, if there are no inspectors of election, such other persons making that determination, shall specify the nature of the information upon which they relied.

The authority of the holder of a proxy to act shall not be revoked by the incompetence or death of the shareholder who executed the proxy unless before the authority is exercised, written notice of an adjudication of such incompetence or of such death is received by the Secretary or any Assistant Secretary.

Section 11. Vote or Consent of Shareholders. Directors shall, except as otherwise required by law or by written agreement among the shareholders, be elected by a plurality of the votes cast at a

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meeting of shareholders by the holders of shares entitled to vote in the election.

Whenever any corporate action, other than the election of directors, is to be taken by vote of the shareholders, it shall, except as otherwise required by law or by written agreement among the shareholders, be authorized by a majority of the votes cast at a meeting of shareholders by the holders of shares entitled to vote thereon.

Whenever shareholders are required or permitted to take any action by vote, such action may be taken without a meeting on written consent, setting forth the action so taken, signed by the holders of outstanding shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted. Written consent thus given shall have the same effect as a vote of all shareholders.

Section 12. Fixing Record Date. For the purpose of determining the shareholders entitled to notice of or to vote at any meeting of shareholders or any adjournment thereof, or to express consent to or dissent from any proposal without a meeting, or for the purpose of determining shareholders entitled to receive payment of any dividend or the allotment of any rights, or for the purpose of any other action, the Board of Directors may fix, in advance, a date as the record date for any such determination of shareholders. Such date shall not be more than sixty (60) nor less than ten (10) days before the date of such meeting, nor more than sixty (60) days prior to any other action.

When a determination of shareholders of record entitled to notice of or to vote at any meeting of shareholders has been made as provided in this section, such determination shall apply to any adjournment thereof, unless the Board of Directors fixes a new record date for the adjourned meeting.

Section 13. Notice to Shareholders. All notices sent to the shareholders may be written or electronic. If mailed or sent via recognized overnight courier or via personal delivery, such notice is deemed given when deposited in the United States mail, with postage thereon prepaid, or deposited with the overnight courier directed to the shareholder at the shareholder's address as it appears on the record of shareholders. If delivered personally it shall be deemed given when delivered to the shareholder's address as it appears on the record of shareholders, with a receipt signed by an adult at such address confirming the delivery or an affidavit executed by the messenger attesting to such delivery. If transmitted electronically, such notice is given when directed to the shareholder's electronic mail address as supplied by the shareholder to the secretary of the corporation or as otherwise directed pursuant to the shareholder's authorization or instructions. An affidavit of the secretary or other person giving the notice or of a transfer agent of the corporation that the notice required by this section has been given shall, in the absence of fraud, be prima facie evidence of the facts therein stated.

## ARTICLE II BOARD OF DIRECTORS

Section 1. Power of Board and Qualification of Directors. The business of the Corporation shall be managed by the Board of Directors. Each director shall be at least eighteen (18) years of age.

Section 2. Number of Directors. The number of directors constituting the entire Board of Directors shall be the number, not less than one (1) nor more than five (5), fixed from time to time by a majority of the total number of directors which the Corporation would have, prior to any increase or decrease, if there were no vacancies, provided, however, that no decrease shall shorten the term of an

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incumbent director. Until otherwise fixed by the directors, the number of directors constituting the entire Board shall be two (2).

Section 3. Election and Term of Directors. At each annual meeting of shareholders, directors shall be elected to hold office until the next annual meeting and until their successors have been elected and qualified.

Section 4. Quorum of Directors and Action by the Board. A majority of the entire Board of Directors shall constitute a quorum for the transaction of business, and, except where otherwise provided by these by-laws or by written agreement among the shareholders, the vote of a majority of the directors present at a meeting at the time of such vote, if a quorum is then present, shall be the act of the Board.

Any action required or permitted to be taken by the Board of Directors or any committee thereof may be taken without a meeting if all members of the Board or the committee consent in writing to the adoption of a resolution authorizing the action. The resolution and the written consent thereto by the members of the Board or committee shall be filed with the minutes of the proceedings of the Board or committee.

Section 5. Meetings of the Board. An annual meeting of the Board of Directors shall be held in each year directly after the annual meeting of shareholders. Regular meetings of the Board shall be held at such times as may be fixed by the Board. Special meetings of the Board may be held at any time upon the call of the President or any directors.

Meetings of the Board of Directors shall be held at such places as may be fixed by the Board for annual and regular meetings and in the notice of meeting for special meetings. If no place is so fixed, meetings of the Board shall be held at the principal office of the Corporation. Any one (1) or more members of the Board of Directors may participate in meetings by means of a conference telephone or similar communications equipment.

No notice need be given of annual or regular meetings of the Board of Directors. Notice of each special meeting of the Board shall be given to each director either by mail not later than noon, New York time, on the third day prior to the meeting or by electronic mail, written message or orally to the director not later than noon, New York time, on the day prior to the meeting. Notices are deemed to have been given: by mail, when deposited in the United States mail; by telegram at the time of filing; and by messenger at the time of delivery. Notices by mail, electronic mail or messenger shall be sent to each director at the address designated by him or her for that purpose, or, if none has been so designated, at his or her last known residence or business address.

Notice of a meeting of the Board of Directors need not be given to any director who submits a signed waiver of notice whether before or after the meeting, or who attends the meeting without protesting, prior thereto or at its commencement, the lack of notice to him or her.

A notice, or waiver of notice, need not specify the purpose of any meeting of the Board of Directors.

A majority of the directors present, whether or not a quorum is present, may adjourn any meeting to another time and place. Notice of any adjournment of a meeting to another time or place

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shall be given, in the manner described above, to the directors who were not present at the time of the adjournment and, unless such time and place are announced at the meeting, to the other directors.

Section 6. Resignations. Any director of the Corporation may resign at any time by giving written notice to the Board of Directors or to the President or to the Secretary of the Corporation. Such resignation shall take effect at the time specified therein; and unless otherwise specified therein the acceptance of such resignation shall not be necessary to make it effective.

Section 7. Removal of Directors. Any one or more of the directors may be removed for cause by action of the Board of Directors. Any and all of the directors may be removed with or without cause by vote of the shareholders.

Section 8. Newly Created Directorships and Vacancies. Newly created directorships resulting from an increase in the number of directors and vacancies occurring in the Board of Directors for any reason except the removal of directors by shareholders may be filled by vote of a majority of the directors then in office, although less than a quorum exists, unless otherwise agreed upon by the Corporation or its shareholders. Vacancies occurring as a result of the removal of directors by shareholders shall be filled by the shareholders, unless otherwise agreed upon by the Corporation or its shareholders. A director elected to fill a vacancy shall be elected to hold office for the unexpired term of his or her predecessor.

Section 9. Executive and Other Committees of Directors. The Board of Directors, by resolution adopted by a majority of the entire Board, may designate from among its members an executive committee and other committees each consisting of three (3) or more directors and each of which, to the extent provided in the resolution, shall have all the authority of the Board, except that no such committee shall have authority as to the following matters:

(i) The submission to shareholders of any action that needs shareholders' approval;
(ii) The filling of vacancies in the Board or in any committee;
(iii) The fixing of compensation of the directors for serving on the Board or on any committee;
(iv) The amendment or repeal of the by-laws, or the adoption of new by-laws;
(v) The amendment or repeal of any resolution of the Board which, by its term, shall not be so amendable or repealable; or
(vi) The removal or indemnification of directors.

The Board of Directors may designate one or more directors as alternate members of any such committee, who may replace any absent member or members at any meeting of such committee.

Unless a greater proportion is required by the resolution designating a committee, a majority of the entire authorized number of members of such committee shall constitute a quorum for the transaction of business, and the vote of a majority of the members present at a meeting at the time of such vote, if a quorum is then present, shall be the act of such committee.

Each such committee shall serve at the pleasure of the Board of Directors.

Section 10. Compensation of Directors. The Board of Directors shall have authority to fix the compensation of directors for services in any capacity.

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Section 11. Interest of Directors in a Transaction. Unless shown to be unfair and unreasonable as to the Corporation, no contract or other transaction between the Corporation and one (1) or more of its directors, or between the Corporation and any other corporation, firm, association or other entity in which one (1) or more of the directors are directors or officers, or are financially interested shall be either void or voidable, irrespective of whether such interested director or directors are present at a meeting of the Board of Directors, or of a committee thereof, which authorizes such contract or transaction and irrespective of whether his or her or their votes are counted for such purpose. In the absence of fraud, any such contract or transaction may be conclusively authorized or approved as fair and reasonable by:

(i) The Board of Directors or a duly empowered committee thereof, by a vote sufficient for such purpose without counting the vote or votes of such interested director or directors (although he or she or they may be counted in determining the presence of a quorum at the meeting which authorizes such contract or transaction), if the fact of such common directorship, officership or financial interest is disclosed or known to the Board or committee (as the case may be); or

(ii) The shareholders entitled to vote for the election of directors, if such common directorship, officership or financial interest is disclosed or known to such shareholders.

Notwithstanding the foregoing, no loan, except advances in connection with indemnification, shall be made by the Corporation to any director unless it is authorized by vote of the shareholders without counting any shares of the director who would be the borrower.

Section 12. Meeting by Telephone Conference. One or more of the members of the Board of Directors or any committee thereof may participate in a meeting of the Board of Directors or committee by means of a telephone conference or similar communications equipment that allows all persons participating in the meeting to hear each other at the same time. Participation by such means shall constitute presence in a person at a meeting. Notice of such meeting may be made by telephone, e-mail or telefacsimile or by any form of notice permitted by Article II, Section 13 of these By-laws.

### ARTICLE III
OFFICERS

Section 1. Officers. The Board of Directors, as soon as may be practicable after the annual election of directors, shall elect a President and a Secretary and from time to time may elect or appoint one (1) or more Executive Vice Presidents, Senior Vice Presidents, Vice Presidents, a Treasurer and such other officers as it may determine. Any two (2) or more offices may be held by the same person. The Board of Directors may also elect one (1) or more Assistant Secretaries and Assistant Treasurers.

Section 2. Other Officers. The Board of Directors may appoint such other officers and agents as it shall deem necessary who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board.

Section 3. Compensation. The salaries of all officers and agents of the Corporation appointed by the Board shall be fixed by the Board of Directors.

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Section 4. Term of Office and Removal. Each officer shall hold office for the term for which he or she is elected or appointed, and until his or her successor has been elected or appointed and qualified. Unless otherwise provided in the resolution of the Board of Directors electing or appointing an officer, his or her term of office shall extend to and expire at the meeting of the Board following the next annual meeting of shareholders. Any officer may be removed by the Board, with or without cause, at any time. Removal of an officer without cause shall be without prejudice to his or her contract rights, if any, and the election or appointment of an officer shall not of itself create contract rights.

# Section 5. Powers and Duties.

(a) President: The President shall be the chief executive officer of the Corporation, shall have general and active management of the business of the Corporation and shall see that all orders and resolutions of the Board of Directors are carried into effect. He or she shall also preside at all meetings of the shareholders and the Board of Directors.

He or she shall execute bonds, mortgages and other contracts requiring a seal, under the seal of the Corporation, except where required or permitted by law to be otherwise signed and executed and except where the signing and execution thereof shall be expressly delegated by the Board of Directors to some other officer or agent of the Corporation.

(b) Vice-Presidents: The Vice-Presidents, in the order designated by the Board of Directors, or in the absence of any designation, then in the order of their election, during the absence or disability of or refusal to act by the President, shall perform the duties and exercise the powers of the President, and shall perform such other duties as the Board of Directors shall prescribe.

(c) Secretary and Assistant Secretaries: The Secretary shall attend all meetings of the Board of Directors and all meetings of the shareholders and record all the proceedings of the meetings of the Corporation and of the Board of Directors in a book to be kept for that purpose and shall perform like duties for the standing committees when required. The Secretary shall give, or cause to be given, notice of all meetings of the shareholders and special meetings of the Board of Directors, and shall perform such other duties as may be prescribed by the Board of Directors or President, under whose supervision the Secretary shall be. The Secretary shall have custody of the corporate seal of the Corporation and he, or an Assistant Secretary, shall have authority to affix the same to any instrument requiring it and when so affixed, it may be attested by his or her signature or by the signature of such Assistant Secretary. The Board of Directors may give general authority to any other officer to affix the seal of the Corporation and to attest the affixing by his or her signature.

The Assistant Secretary or, if there be more than one, the Assistant Secretaries in the order designated by the Board of Directors (or in the absence of any designation, then in the order of their election), shall, in the absence of the Secretary or in the event of his or her inability or refusal to act, perform the duties and exercise the powers of the Secretary and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe.

(d) Treasurer and Assistant Treasurers: The Treasurer shall have the custody of the corporate funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Corporation and shall deposit all monies and other valuable effects in the name and to the credit of the Corporation in such depositories as may be designated by

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the Board of Directors.

He or she shall disburse the funds of the Corporation as may be ordered by the Board of Directors, taking proper vouchers for such disbursements, and shall render to the President and the Board of Directors, at its regular meetings, or when the Board of Directors so requires, an account of all his or her transactions as Treasurer and of the financial condition of the Corporation.

If required by the Board of Directors, the Treasurer shall give the Corporation a bond (which shall be renewed every six (6) years) in such sum and with such surety or sureties as shall be satisfactory to the Board of Directors for the faithful performance of the duties of his or her office and for the restoration to the Corporation, in case of his or her death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his or her possession or under his or her control belonging to the Corporation.

The Assistant Treasurer or, if there shall be more than one (1), the Assistant Treasurers in the order designated by the Board of Directors (or in the absence of any designation, then in the order of their election), shall, in the absence of the Treasurer or in the event of his or her inability or refusal to act, perform the duties and exercise the powers of the Treasurer and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe.

Section 6. Books to be Kept. The Corporation shall keep (a) correct and complete books and records of account, (b) minutes of the proceedings of the shareholders, Board of Directors and any committees of directors, and (c) a current list of the directors and officers and their residence addresses.

The Corporation shall also keep at its office in the State of New York or at the office of its transfer agent or registrar in the State of New York, if any, a record containing the names and addresses of all shareholders, the number and class of shares held by each and the dates when they respectively became the owners of the record thereof.

The Board of Directors may determine whether and to what extent and at what times and places and under what conditions and regulations any accounts, books, records or other documents of the Corporation shall be open to inspection, and no creditor, security holder or other person shall have any right to inspect any accounts, books, records or other documents of the Corporation except as conferred by statute or as so authorized by the Board.

Section 7. Checks, Notes, etc. All checks and drafts on, and withdrawals from the Corporation's accounts with banks or other financial institutions, and all bills of exchange, notes and other instruments for the payment of money, drawn, made, indorsed, or accepted by the Corporation, shall be signed on its behalf by the person or persons thereunto authorized by, or pursuant to resolution of, the Board of Directors.

#### ARTICLE IV FORMS OF CERTIFICATES AND LOSS AND TRANSFER OF SHARES

Section 1. Forms of Share Certificates. The shares of the Corporation shall be represented by certificates, in such forms as the Board of Directors may prescribe, signed by the President or a

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Vice-President and the Secretary or an Assistant Secretary or the Treasurer or an Assistant Treasurer, and may be sealed with the seal of the Corporation or a facsimile thereof. The signatures of the officers upon a certificate may be facsimiles if the certificate is countersigned by a transfer agent or registered by a registrar other than the Corporation or its employee. In case any officer who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer before such certificate is issued, it may be issued by the Corporation with the same effect as if he or she were such officer at the date of issue.

Each certificate representing shares issued by the Corporation shall set forth upon the face or back of the certificate, or shall state that the Corporation will furnish to any shareholder upon request and without charge, a full statement of the designation, relative rights, preferences and limitations of the shares of each class of shares, if more than one (1), authorized to be issued and the designation, relative rights, preferences and limitations of each series of any class of preferred shares authorized to be issued so far as the same have been fixed, and the authority of the Board of Directors to designate and fix the relative rights, preferences and limitations of other series.

Each certificate representing shares shall state upon the face thereof:

- (i) that the Corporation is formed under the laws of the State of New York;
- (ii) the name of the person or persons to whom issued; and
- (iii) the number and class of shares, and the designation of the series, if any, which such certificate represents.

Section 2. Transfers of Shares. Shares of the Corporation shall be transferable on the record of shareholders upon presentment to the Corporation or a transfer agent of a certificate or certificates representing the shares requested to be transferred, with proper endorsement on the certificate or on a separate accompanying document, together with such evidence of the payment of transfer taxes and compliance with other provisions of law as the Corporation or its transfer agent may require.

Section 3. Lost, Stolen or Destroyed Share Certificates. No certificate for shares of the Corporation shall be issued in place of any certificate alleged to have been lost, destroyed or wrongfully taken, except, if and to the extent required by the Board of Directors, upon:

- (i) Production of evidence of loss, destruction or wrongful taking;
- (ii) Delivery of a bond indemnifying the Corporation and its agents against any claim that may be made against it or them on account of the alleged loss, destruction or wrongful taking of the replaced certificate or the issuance of the new certificate;
- (iii) Payment of the expense of the Corporation and its agents incurred in connection with the issuance of the new certificate; and
- (iv) Compliance with such other reasonable requirements as may be imposed.

## ARTICLE V
OTHER MATTERS

Section 1. Corporate Seal. The Board of Directors may adopt a corporate seal, alter such seal at pleasure, and authorize it to be used by causing it or a facsimile to be affixed or impressed or reproduced in any other manner.

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Section 2. Fiscal Year. The fiscal year of the Corporation shall be the calendar year.

Section 3. Amendments. By-laws of the Corporation may be adopted, amended or repealed by vote of the holders of the shares at the time entitled to vote in the election of directors. By-laws may also be adopted, amended or repealed by the Board of Directors, but any by-law adopted by the Board may be amended or repealed by the shareholders entitled to vote thereon as hereinabove provided.

If any by-law regulating an impending election of directors is adopted, amended or repealed by the Board of Directors, there shall be set forth in the notice of the next meeting of shareholders for the election of directors the by-law so adopted, amended or repealed, together with a concise statement of the changes made.

Section 4. Indemnification. The Corporation shall, to the extent legally permissible, indemnify any person serving or who has served as a director or officer of the Corporation, or at its request as a director, officer, trustee, employee or other agent of any organization in which the Corporation owns shares or of which it is a creditor, against all liabilities and expenses, including amounts paid in satisfaction of judgments, in compromise, or as fines or penalties, and counsel fees, reasonably incurred by him or her in connection with the defense or disposition of any action, suit or other proceeding, whether civil or criminal, in which he or she may be involved or with which he or she may be threatened, while serving, or thereafter, by reason of his or her being or having been such a director, officer, trustee, employee or agent, except with respect to any matter as to which he or she shall have been adjudicated in any proceeding not to have acted in good faith in the reasonable belief that his or her action was in the best interests of the Corporation; provided, however, that as to any matter disposed of by a compromise payment by such director, officer, trustee, employee or agent, pursuant to a consent decree or otherwise, no indemnification either for said payment or for any other expenses shall be provided unless:

(i) such compromise shall be approved as in the best interests of the Corporation, after notice that it involves such indemnification (a) by a disinterested majority of the directors, then in office; or (b) by the holders of a majority of the outstanding stock of the Corporation at the time entitled to vote for directors, voting as a single class, exclusive of any stock owned by any interested director or officer; or

(ii) in the absence of action by disinterested directors or shareholders, there has been obtained at the request of a majority of the directors then in office an opinion in writing of independent legal counsel to the effect that such director, officer, trustee, employee or agent appears to have acted in good faith in the reasonable belief that his or her action was in the best interest of the Corporation.

Expenses, including counsel fees, reasonably incurred by any such director, officer, trustee, employee or agent in connection with the defense or disposition of any such action, suit or other proceeding may be paid from time to time by the Corporation in advance of the final disposition thereof upon receipt of an undertaking by such individual to repay the amounts so paid by the Corporation if it is ultimately determined that indemnification for such expenses is not authorized under this section. The right of indemnification hereby provided shall not be exclusive of or affect any other rights to which any such director, officer, trustee, employee or agent may be entitled. Nothing contained in this Article shall

11

affect any rights to indemnification to which corporate personnel other than directors, officers, trustees, employees or agents may be entitled by contract or otherwise under law. As used in this section, the terms 'director', 'officer', 'trustees', 'employee' and 'agent' include their respective heirs, executors and administrators, and an 'interested' director, officer, trustee, employee or agent is one against whom in such capacity the proceedings in question, or other proceedings on the same or similar grounds, are then pending.

12

**Attachment 5:** `otherfinancial.pdf`

# Record Ownership and Voting Agreement

This Record Ownership and Voting Agreement (this “Agreement”) is entered into as of the date of electronic consent by the parties using the website www.netcapital.com (the “Portal”), by and among NetCapital Funding Portal Inc., a Delaware corporation (“NetCapital”), MG Teixeira Inc, a Connecticut corporation (the “Record Owner”), and the undersigned investor (“Investor”).

The Record Owner has agreed to open and maintain the Account (as defined below) for Investor and to provide other services to Investor in connection with the Account. This Agreement sets out, among other things, the terms under which the Record Owner will provide those services to Investor and the arrangements that will apply in connection with those services.

In consideration of the mutual promises herein made and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

## 1. Interpretation

### 1.1 Definitions

In this Agreement:

- • “Account” means the account opened by the Record Owner and consisting of the beneficial interests in any Shares that were offered for sale by the Issuer on the Portal and purchased by Investor.
- • “Account Balance” means, in relation to the Account, the number of Shares of each Issuer beneficially owned by Investor, including all of Investor’s rights to and interest in the balance from time to time on that Account.
- • “Business Day” means a weekday that is not a federal holiday.
- • “Escrow Agent” means Boston Private Bank and Trust Company.
- • “Fees” means the fees and charges referred to in clause 5.1 of this Agreement.
- • “Issuer” means each issuer of the Shares.
- • “Shares” means the beneficial interests in the uncertificated shares of common stock or preferred stock or the units of convertible debt, limited liability company membership interests or limited partnership interests that were beneficially purchased by Investor on the Portal.
- • “Termination Date” means the date on which this Agreement is terminated by the Record Owner or by Investor as permitted hereunder.
- • “Transfer Agent” means Equity Stock Transfer LLC, or a successor transfer agent.
- • “Withdrawal Date” means the date referred to in clause 2.2 of this Agreement.

### 1.2. Headings

The headings in this Agreement do not affect its interpretation.

### 1.3. Singular and plural

References to the singular include the plural and vice versa.

## 2. Account

### 2.1. Opening Account

The Record Owner shall open and maintain the Account for the beneficial interests in the Shares beneficially held by Investor.

### 2.2. Deposits and withdrawals

The balance of Investor's Account shall reflect the Shares beneficially held by Investor. A deposit of Shares is made into Investor's Account when the Escrow Agent sends payment funds to the Issuer or a seller of Shares, as the case may be, and the Record Owner receives a record from the Transfer Agent of the number of Shares that Investor beneficially holds. A withdrawal occurs when the Record Owner receives notice from the Transfer Agent that the Shares have been beneficially sold or transferred.

### 2.3. Reports

Reports relating to deposits into and withdrawals from the Account and the Account Balance will be available to Investor daily by means of a section on the Portal to which Investor may log in.

## 3. Services of the Record Owner

### 3.1. General

Investor and the Record Owner understand and agree that the Record Owner will be the legal but not the beneficial owner of the Shares.

### 3.2. Ownership of Securities

The Record Owner will be the sole holder of legal title to the Shares while Investor will hold beneficial ownership of the Shares. The Record Owner will be the sole record holder of the Shares on the books and records of the Issuer. The sole dispositive record of Investor's beneficial ownership of the Shares will be in the books and records of the Transfer Agent. Investor shall be entitled to all proceeds of the sale of Shares, net of fees and commissions.

### 3.3. Voting of Securities

Prior to the Withdrawal Date, at every meeting of the equity or interest holders of the Issuer called with respect to any matter, and at every adjournment or postponement thereof, and on every action or approval by written consent or resolution of the equity or interest holders of the Issuer, Investor agrees that the Record Owner shall vote Investor's Shares, in the event Investor's Shares contain voting rights, in a manner reasonably determined to be in the best interest of Investor.

### 3.4. Insurance

The Record Owner and Investor understand and agree that the Record Owner may maintain insurance in support of the Record Owner's obligations under this Agreement, including covering any loss of the Shares. In the event that the Record Owner elects to reduce, cancel or not to renew such insurance, the Record Owner may give Investor prior written notice as follows: in the case of a reduction, the Record Owner may endeavor to provide such notice at least 30 days prior to the effective date of the reduction; and in the event of a cancellation or expiration of the insurance without renewal, the Record Owner may provide such notice at least 30 days prior to the last day of insurance coverage. Investor acknowledges that any such insurance is held for the Record Owner's benefit and not for the benefit of Investor, and that Investor may not submit any claim under the terms of such insurance.

### 3.5. Notice of Changes

The Record Owner may notify Investor promptly in writing of the following: (i) the Record Owner receives notice of any claim against the Account other than a claim for payment of safe custody or administration permitted by this Agreement; (ii) the Record Owner otherwise fails to comply with any of the provisions of this Agreement; or (iii) any of the Record Owner's representations and warranties in clause 4 shall cease to be true and correct.

## 4. Obligations of the Portal

NetCapital shall notify or cause to be notified each Issuer of Shares of the identity of the Record Owner of the Shares of such Issuer.

## 5. Representations and Warranties

### 5.1 Investor's representations

Investor represents and warrants that:

- Investor is the beneficial owner of the Shares;
- Investor has all necessary authority, powers, consents, licenses and authorizations and has taken all necessary action to enable Investor lawfully to enter into and perform Investor's duties and obligations under this Agreement; and
- This Agreement and the obligations created under it are binding upon Investor and enforceable against Investor in accordance with its terms (subject to applicable principles of equity) and do not and will not violate the terms of the

rules or any order, charge or agreement by which Investor is bound.

## 5.2 The Record Owner's representations and warranties

The Record Owner represents and warrants to Investor that:

- this Agreement has been duly authorized, executed and delivered on the Record Owner's behalf and constitutes the Record Owner's legal, valid and binding obligation; and
- the execution, delivery and performance of this Agreement by the Record Owner does not and will not violate any agreement by which the Record Owner is bound.

## 6. Fees and Expenses

### 6.1 Fees

The Record Owner's fees will be paid in accordance with the fee agreement that has been executed by the Portal and the Record Owner. There are no fees payable by the Investor.

## 7. Scope of Responsibility

### 7.1 Exclusion of liability

The Record Owner may use reasonable care in the performance of its duties under this Agreement and will only be responsible for any loss or damage suffered by Investor as a direct result of any gross negligence, fraud or willful misconduct on the Record Owner's part in the performance of the Record Owner's duties, and in which case the Record Owner's liability will not exceed the aggregate market value of the Shares at the time of such gross negligence, fraud or willful misconduct.

### 7.2 Force majeure

Neither the Record Owner nor any of the Record Owner's directors, employees, agents or affiliates shall incur any liability to Investor if, by reason of any provision of any present or future law or regulation of any governmental or regulatory authority or stock exchange, or by reason of any act of God or war or terrorism, pandemic or other circumstances beyond the Record Owner's control, the Record Owner is prevented or forbidden from, or would be subject to any civil or criminal penalty on account of, or are delayed in, doing or performing any act or thing which by the terms of this Agreement it is provided shall be done or performed and accordingly the Record Owner does not do that thing or does that thing at a later time than would otherwise be required.

### 7.3 Exculpation in respect of offering documents

The Record Owner and its officers, directors, employees, agents and sub-record owners, if any, shall not be responsible or liable in any manner for any recitals, statements, representations or warranties made by any person other than the Record Owner including, but not limited to, statements contained in any material relating to

the offering and sale of Shares.

## 8. Termination

### 8.1 Method

The Record Owner may terminate this Agreement by giving not less than 60 Business Days' prior written notice to Investor and the Portal, provided that the Record Owner may terminate this Agreement immediately on written notice in the event that any of the statements set out in clause 4.1(a)-(c) become untrue. Clauses 6, 7.2 and 9 shall survive termination of this Agreement.

Investor may terminate this Agreement by giving not less than 60 Business Days' prior written notice to the Record Owner and the Portal in the event that the Record Owner is found, in a final determination not subject to appeal, to have committed an act of gross negligence or willful misconduct in respect of its duties as Record Owner hereunder.

### 8.2 Existing rights

Termination shall not affect rights and obligations then outstanding under this Agreement, which shall continue to be governed by this Agreement until all obligations have been fully performed.

### 8.3 Website

Effective upon the Termination Date, Investor's use of the Website will automatically be terminated and Investor will be permitted no further access to the Website until Investor has purchased other Shares.

## 9. Notices and Recordkeeping

### 9.1 Form

A notice or other communication given to Investor under or in connection with this Agreement may be given using the contact information Investor provided to the Portal.

### 9.2 Method of transmission

Any notice or other communication required to be in writing may be delivered by email, receipt confirmed, to the Portal or the Record Owner at the following email addresses:

If to the Record Owner:

MG Teixeira Inc
mannyteixeria@gmail.com

If to the Portal:

Netcapital Funding Portal Inc

## 10. General

### 10.1 No advice

The Record Owner’s duties and obligations under this Agreement do not include providing Investor with investment advice. In asking the Record Owner to open and maintain the Account, Investor does so in reliance upon Investor’s own judgment and the Record Owner shall not owe to Investor any duty to exercise any judgment on Investor’s behalf as to the merits or suitability of any deposits into, or withdrawals from, an Account.

### 10.2 Assignment

This Agreement is for the benefit of and binding upon the parties and their respective heirs, successors and assigns. Investor may not assign, transfer or encumber, or purport to assign, transfer or encumber, Investor’s right, title or interest in relation to any Account or any right or obligation under this Agreement or any part of any of the foregoing unless the Record Owner otherwise agrees in writing.

### 10.3 Amendments

Any amendment to this Agreement must be agreed in writing and be signed by all parties hereto. Unless otherwise agreed, an amendment will not affect any legal rights or obligations that may already have arisen.

### 10.4 Partial invalidity

If any of the clauses (or part of a clause) of this Agreement becomes invalid or unenforceable in any way, the validity of the remaining clauses (or part of a clause) will not in any way be affected or impaired.

### 10.5 Entire agreement

This document represents the entire agreement of the parties, and supersedes any previous agreements and understandings among the parties relating to the subject matter of this Agreement.

### 10.6 Joint and several liability

Investor’s responsibilities under this Agreement are joint and several if applicable.

### 10.7 Counterparts

This Agreement may be executed in any number of counterparts each of which when

executed and delivered is an original, but all the counterparts together constitute the same agreement.

### 10.8 Governing Law and Jurisdiction

This Agreement is governed by and construed in accordance with the laws of the State of Delaware without regard to its conflicts of laws principles. The parties agree that the United States District Court for the Delaware shall have sole and exclusive jurisdiction to determine any issues arising under this Agreement, and all Parties to this Agreement agree to submit to personal jurisdiction in Wilmington, Delaware, for the purpose of resolving any issue arising under or related to this Agreement.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Digital Direct IR, Inc.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** NY

**Date of Organization:** 02-25-1998

**Physical Address:** 61-21 183rd Street, Fresh Meadows, NY, 11365

**Issuer Website:** https://digitaldirectir.com/

**Is there a Co-Issuer?:** No

**Intermediary Name:** NetCapital Funding Portal Inc.

**Intermediary CIK:** 0001669191

**Intermediary File Number:** 007-00035

**Intermediary CRD Number:** 283596

### Offering Information

**Compensation to Intermediary:** Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000

**Financial Interest in Issuer:** None.

**Type of Security Offered:** Common Stock

**Number of Securities Offered:** 96

**Price per Security:** $105.00

**Method for Determining Price:** The price of the Securities was determined solely by the Management and bears no relation to traditional measures of valuation such as book value or price-to-earnings ratios. We expect that any future valuation will take the same approach.

**Target Offering Amount:** $10,080.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** First-come, first-served basis

**Maximum Offering Amount:** $525,000.00

**Deadline to Reach Target Amount:** 03-31-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 0

**Total Assets (Most Recent Fiscal Year):** $312,068.00

**Total Assets (Prior Fiscal Year):** $300,342.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $6,472.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $610.00

**Accounts Receivable (Most Recent Fiscal Year):** $0.00

**Accounts Receivable (Prior Fiscal Year):** $0.00

**Short-Term Debt (Most Recent Fiscal Year):** $0.00

**Short-Term Debt (Prior Fiscal Year):** $0.00

**Long-Term Debt (Most Recent Fiscal Year):** $92,912.00

**Long-Term Debt (Prior Fiscal Year):** $92,612.00

**Revenues/Sales (Most Recent Fiscal Year):** $56,000.00

**Revenues/Sales (Prior Fiscal Year):** $45,000.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $0.00

**Cost of Goods Sold (Prior Fiscal Year):** $0.00

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $29,375.00

**Net Income (Prior Fiscal Year):** $36,965.00

**Jurisdictions Offered:**

ALABAMA, ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, DISTRICT OF COLUMBIA, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING, B5, GU, 1V, PR, VI

### Signatures

**Issuer:** Digital Direct IR, Inc.

**Signature:** Peter Kaufman

**Title:** Principal Executive Officer

---

**Signature:** Peter Kaufman

**Title:** Principal Executive Officer

**Date:** 01-23-2023

---

**Signature:** Peter Kaufman

**Title:** Principal Financial Officer

**Date:** 01-23-2023

---

**Signature:** Peter Kaufman

**Title:** Principal Accounting Officer

**Date:** 01-23-2023

---

**Signature:** Peter Kaufman

**Title:** Board Member

**Date:** 01-23-2023