WRAP TECHNOLOGIES, INC. — fact timeline

WRAP TECHNOLOGIES, INC. reported financial results for first quarter ended March 31, 2026.

“On May 13, 2026, Wrap Technologies, Inc. (the "Company") issued an earnings release to announce the Company's financial results for its fiscal quarter ended March 31, 2026.”

WRAP TECHNOLOGIES, INC. reported fourth quarter and full year ended December 31, 2025 results: revenue $1.4 million, net income $(3.9) million.

“operating efficiency as the Company targets approximately 100% revenue growth in 2026. Fourth Quarter 2025 Financial Highlights (vs. Q4 2024): ● Gross revenue increased 62% to $1.4 million, compared to $0.9 million in the prior-year period ● Product sales more than doubled to $1.2 million, compared to $0.6 million in the prior-year quarter, driven by increased”

WRAP TECHNOLOGIES, INC. issued 2,500,000 shares of Common Stock of warrant to accredited investors for $2.00 per Common Share and accompanying Common Warrant.

“On February 2, 2026, Wrap Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (collectively, the “Purchasers”) for the issuance and sale in a private placement (the “Private Placement”) of (i) an aggregate of 1,700,000 shares (the “Common Shares”) of common stock of the Company, par value $0.0001 per share (the “Common Stock”), (ii) pre-funded warrants to purchase up to 800,000 shares of Common Stock (the “Pre-Funded Warrants”), with an exercise price of $0.0001 per share, and (iii) common warrants to purchase up to 2,500,000 shares of Common Stock (the “Common Warrants”, together with the Pre-Funded Warrants, the “Warrants”), with an exercise price of $2.30 per share.”

WRAP TECHNOLOGIES, INC. issued 800,000 shares of Common Stock of warrant to accredited investors for $1.9999 per Pre-Funded Warrant and accompanying Common Warrant.

“On February 2, 2026, Wrap Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (collectively, the “Purchasers”) for the issuance and sale in a private placement (the “Private Placement”) of (i) an aggregate of 1,700,000 shares (the “Common Shares”) of common stock of the Company, par value $0.0001 per share (the “Common Stock”), (ii) pre-funded warrants to purchase up to 800,000 shares of Common Stock (the “Pre-Funded Warrants”), with an exercise price of $0.0001 per share, and (iii) common warrants to purchase up to 2,500,000 shares of Common Stock (the “Common Warrants”, together with the Pre-Funded Warrants, the “Warrants”), with an exercise price of $2.30 per share.”

WRAP TECHNOLOGIES, INC. issued 1,700,000 shares of common stock to accredited investors for $2.00 per share.

“On February 2, 2026, Wrap Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (collectively, the “Purchasers”) for the issuance and sale in a private placement (the “Private Placement”) of (i) an aggregate of 1,700,000 shares (the “Common Shares”) of common stock of the Company, par value $0.0001 per share (the “Common Stock”), (ii) pre-funded warrants to purchase up to 800,000 shares of Common Stock (the “Pre-Funded Warrants”), with an exercise price of $0.0001 per share, and (iii) common warrants to purchase up to 2,500,000 shares of Common Stock (the “Common Warrants”, together with the Pre-Funded Warrants, the “Warrants”), with an exercise price of $2.30 per share.”

WRAP TECHNOLOGIES, INC. entered into Purchase Agreement with certain accredited investors valued at approximately $5 million (effective 2026-02-02).

“On February 2, 2026, Wrap Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (collectively, the “Purchasers”) for the issuance and sale in a private placement (the “Private Placement”) of (i) an aggregate of 1,700,000 shares (the “Common Shares”) of common stock of the Company, par value $0.0001 per share (the “Common Stock”), (ii) pre-funded warrants to purchase up to 800,000 shares of Common Stock (the “Pre-Funded Warrants”), with an exercise price of $0.0001 per share, and (iii) common warrants to purchase up to 2,500,000 shares of Common Stock (the “Common Warrants”, together with the Pre-Funded Warrants, the “Warrants”), with an exercise price of $2.30 per share.”

WRAP TECHNOLOGIES, INC.: Increased authorized shares of common stock from 150,000,000 to 200,000,000 (effective 2025-12-17).

“At the Company’s Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation (as amended, the “Charter”) to increase the number of authorized shares of Common Stock, from 150,000,000 shares to 200,000,000 and to make a corresponding change to the number of authorized shares of the Company’s capital stock (the “Share Increase Amendment”). Following the Annual Meeting, on December 17, 2025, the Company filed the Share Increase Amendment with the Secretary of State of the State of Delaware.”

WRAP TECHNOLOGIES, INC.: Amended bylaws to change stockholder vote requirement for matters other than election of directors to majority of votes cast (excluding abstentions and broker non-votes), with corresponding change for class votes (effective 2025-11-05).

“The board of directors of Wrap Technologies, Inc. (the “Company”) approved the second amendment (the “Second Amendment”) to the amended and restated bylaws of the Company (as amended, the “Bylaws”), effective as of November 5, 2025. The Second Amendment amends and restates Article II, Section 11 of the Bylaws in its entirety (i) to establish the required stockholder vote in all matters other than the election of directors as the affirmative vote of a majority of the votes cast by the stockholders present in person or represented by proxy at the meeting and entitled to vote on the subject matter, voting affirmatively or negatively (excluding abstentions and broker non-votes), and (ii) to make a corresponding change to the vote required for class votes.”

WRAP TECHNOLOGIES, INC.: Filed Certificate of Designations for Series B Convertible Preferred Stock, creating a new series of preferred stock (effective 2025-08-20).

“On August 20, 2025, the Company filed the Certificate of Designations of Series B Preferred Stock with the Secretary of State of the State of Delaware (the “Series B Certificate of Designations”), thereby creating the Series B Preferred Stock. The Series B Certificate of Designations became effective with the Secretary of State of the State of Delaware upon filing.”

WRAP TECHNOLOGIES, INC.: Filed Certificate of Designations for Series B Convertible Preferred Stock, which was incorporated by reference but the filing explicitly states it will be filed with the Delaware Secretary of State prior to closing, thereby amending the certificate of incorporation's rights and preferences of a new (effective 2025-08-18).

“Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.”

Jared Novick was appointed as President and Chief Operating Officer at WRAP TECHNOLOGIES, INC..

“On March 10, 2025, the board of directors of Wrap Technologies, Inc. (the “Company”) appointed Jared Novick, who serves as the Company’s Chief Operating Officer, to the position of President and Chief Operating Officer, effective immediately.”

WRAP TECHNOLOGIES, INC. completed an acquisition involving W1 Global, LLC for $100.00 (closed 2025-02-18).

“defined in the Purchase Agreement), upon the terms and subject to the conditions set forth in the Purchase Agreement (the “Acquisition”), for a nominal purchase price equal to $100.00. The closing of the Acquisition occurred on February 18, 2025 (the “Closing”). The Purchase Agreement contains certain representations and warranties, covenants and indemnities”

WRAP TECHNOLOGIES, INC.: Amended Certificate of Designations to provide that upon a Triggering Event, Series A Preferred Stock will accrue dividends compounded monthly at 20% per annum (effective 2024-12-06).

“On December 6, 2024, the Company filed the Certificate of Amendment with the Secretary of State, thereby amending the Certificate of Designations to provide that upon the occurrence of a Triggering Event (as defined in the Certificate of Designations), the Series A Preferred Stock will accrue dividends compounded monthly at the rate of 20% per annum.”

Kevin Mullins resigned as Director at WRAP TECHNOLOGIES, INC..

“On May 28, 2024, Kevin Mullins, who served as a member of the board of directors (the “Board”) of Wrap Technologies, Inc. (the “Company”), tendered his resignation from his role as director of the Company, effective as of May 28, 2024.”

WRAP TECHNOLOGIES, INC. engaged HTL International, LLC as its auditor.

“engaged HTL International, LLC ("HTL") as the Company's independent registered public accounting firm for the fiscal year ended December 31, 2023, effective May 7, 2024.”

Kevin Mullins was appointed as Global Ambassador at WRAP TECHNOLOGIES, INC..

“Effective June 1, 2024, Mr. Mullins is expected to serve as a consultant for the Company (“Global Ambassador”).”

Kevin Mullins resigned as President at WRAP TECHNOLOGIES, INC..

“On May 7, 2024, Kevin Mullins notified Wrap Technologies, Inc. (the “Company”) of his intention to resign from his position as President of the Company, effective May 23, 2024.”

Rosenberg Rich Baker Berman, P.A. resigned as auditor of WRAP TECHNOLOGIES, INC..

“On April 24, 2024, Wrap Technologies, Inc. (the “Company”) received notice from Rosenberg Rich Baker Berman, P.A. (“RRBB P.A.”) that it had resigned as the Company’s independent registered public accounting firm, effective immediately.”

WRAP TECHNOLOGIES, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“April 18, 2024, Wrap Technologies, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that as it has not yet filed its Annual Report on Form 10-K (the “Form 10‐K”) for the year ended December 31, 2023, the Company now no longer complies with Listing Rule 5250(c)(1) for continued listing on Nasdaq. The Company has 60 calendar days to submit to Nasdaq a plan to regain compliance, and if such plan is accepted, Nasdaq may grant the Company an exception of up to 180 calendar days from the prescr”

WRAP TECHNOLOGIES, INC. reported the fiscal year ended December 31, 2023 results: revenue $6.1M.

“The Company anticipates revenue of approximately $6.1M for FY-23 according to unaudited financials.”

Scot Cohen was appointed as Interim Principal Financial Officer and Principal Accounting Officer at WRAP TECHNOLOGIES, INC..

“On April 5, 2024, the Board of Directors (the “Board”) of Wrap Technologies, Inc. (the “Company”) appointed Scot Cohen (“Mr. Cohen”), who serves as the Company’s Executive Chairman and Chief Executive Officer, and as its Principal Executive Officer, to the position of Interim Principal Financial Officer and Principal Accounting Officer, effective immediately.”

Kevin Mullins was appointed as President at WRAP TECHNOLOGIES, INC..

“the Board appointed Kevin Mullins, who previously served as the Company’s Chief Executive Officer, to the position of President.”

Chris DeAlmeida was terminated as Chief Financial Officer at WRAP TECHNOLOGIES, INC..

“On January 5, 2024 (the “Termination Date”), Chris DeAlmeida’s employment as Chief Financial Officer of Wrap Technologies, Inc. (the “Company”) was terminated without cause, effective immediately, pursuant to a Separation Agreement and Mutual Release of Claims (the “Separation Agreement”).”

Jared Novick was appointed as Chief Operating Officer at WRAP TECHNOLOGIES, INC..

“On December 26, 2023, the Board of Directors (the “Board”) of Wrap Technologies, Inc. (the “Company”) appointed Jared Novick (40) to the position of Chief Operating Officer, effective immediately.”

WRAP TECHNOLOGIES, INC.: Reduced the stockholder meeting quorum threshold from a majority to one-third of outstanding shares entitled to vote (effective 2023-12-12).

“On December 12, 2023, the Board of the Company approved an amendment to the Amended and Restated Bylaws of the Company (the “Amendment”) for the purpose of reducing the threshold required to establish a quorum for its meetings of stockholders from a majority of the outstanding shares of the Company entitled to vote, represented in person or by proxy, to one-third of the outstanding shares of the Company entitled to vote, represented in person or by proxy at such meetings.”

Scot Cohen was appointed as Principal Executive Officer at WRAP TECHNOLOGIES, INC..

“appointed Scot Cohen (53), the Company’s current Executive Chairman of the Board, to the position of Principal Executive Officer, effective immediately.”

WRAP TECHNOLOGIES, INC. reported the third quarter ended September 30, 2023 results: revenue $3.63 million, net income $(2.78) million, or $(0.07) per share, EPS $(0.07) per share. Guidance raised.

“a 14% increase from the prior year period. ● Backlog was approximately $365 thousand at September 30, 2023. Third Quarter 2023 Financial Results ● Net revenue increased 114% to $3.63 million from $1.70 million in the prior year period. Revenue in the Americas was $1.34 million as compared to $1.48 million in the prior year period, while international revenue grew”

Scot Cohen was appointed as Executive Chairman at WRAP TECHNOLOGIES, INC..

“the Board of Directors (the “ Board ”) of Wrap Technologies, Inc. (the “ Company ”) appointed Scot Cohen, the Company’s current Chairman of the Board, to the position of Executive Chairman, effective October 12, 2023”

WRAP TECHNOLOGIES, INC. shareholders approved The Adjournment Proposal at the 2023-09-19 meeting.

“For Against Abstain Broker Non-Vote Votes 22,909,958 568,534 179,838 0”

WRAP TECHNOLOGIES, INC. shareholders approved The Director Participation Proposal at the 2023-09-19 meeting.

“For Against Abstain Broker Non-Vote Votes 22,867,304 558,782 232,244 0”

WRAP TECHNOLOGIES, INC. shareholders approved The Issuance Proposal at the 2023-09-19 meeting.

“For Against Abstain Broker Non-Vote Votes 22,898,781 500,984 258,565 0”

WRAP TECHNOLOGIES, INC. completed an acquisition involving Intrensic, LLC for $553,588 in cash; and 1,250,000 shares of the Company’s common stock (closed 2023-08-16).

“the Company entered into a Membership Interest Purchase Agreement, dated as of August 9, 2023 (the “ Purchase Agreement ”), and the members of Intrensic, LLC, a Delaware limited liability company (“ Intrensic ”), including Kevin Mullins, the Company’s Chief Executive Officer (collectively, “ Sellers ”), and Buford Ortale, as Sellers’ Representative, pursuant to which the Company agreed to purchase, and Sellers agreed to sell, all of the Membership Interest of Intrensic for a total purchase price of: (i) $553,588 in cash; and (ii) 1,250,000 shares of the Company’s common stock, par value $0.0001 (“ Common Stock ”) (collectively, the “ Purchase Price ”) (the “ Acquisition ”). The Acquisition was consummated on August 16, 2023 (the “ Closing Date ”) in accordance with the terms of the Purchase Agreement.”

WRAP TECHNOLOGIES, INC. reported preliminary financial results for second quarter ended June 30, 2023.

“issued a press release to announce preliminary financial results for the Company’s second quarter ended June 30, 2023”

WRAP TECHNOLOGIES, INC. entered into Securities Purchase Agreement with certain directors of the Company and certain accredited and institutional investors (effective 2023-06-29).

“On June 29, 2023, Wrap Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreement with certain directors of the Company and certain accredited and institutional investors (collectively, the “Investors”), pursuant to which it agreed to sell to the Investors in a registered direct offering (the “Offering”) (i) an aggregate of 10,000 shares of the Company’s newly-designated Series A Convertible Preferred Stock, with par value $0.0001 per share and a stated value of $1,000 per share, initially convertible into up to 6,896,553 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a conversion price of $1.45 per share, and (ii) warrants to acquire up to an aggregate of 6,896,553 shares of Common Stock.”

WRAP TECHNOLOGIES, INC. shareholders approved Ratification of Rosenberg Rich Baker Berman, P.A. as independent auditors for fiscal year 2023. at the 2023-06-28 meeting.

“Proposal No. 4 - Ratification of Rosenberg Rich Baker Berman, P.A. as the Company ’ s Independent Auditors for the Fiscal Year Ended December 31, 2023. The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, stockholders ratified the appointment of Rosenberg Rich Baker Berman, P.A. as the Company’s independent auditors for the fiscal year ending December 31, 2023. For Against Abstain 26,143,703 1,759,048 427,010”

WRAP TECHNOLOGIES, INC. shareholders approved Advisory vote to approve the frequency of advisory votes on executive compensation. at the 2023-06-28 meeting.

“Proposal No. 3 - Advisory Vote to Approve the Frequency of Advisory Votes on Executive Compensation. The vote required to approve this proposal, on a non-binding advisory basis, was the affirmative vote of a majority of the votes cast on the proposal. Based upon the results of voting on this proposal, and consistent with the Board of Directors’ recommendation, the Board of Directors has determined that the Company’s stockholders will vote on a Say-On-Pay Proposal every THREE years. One Year Two Years Three Years Abstain Votes 9,578,720 459,096 10,696,787 363,480”

WRAP TECHNOLOGIES, INC. shareholders approved Advisory vote to approve executive compensation. at the 2023-06-28 meeting.

“Proposal No. 2 – Advisory Vote to Approve Executive Compensation. The vote required to approve this proposal, on a non-binding advisory basis, was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, the Company’s stockholders voted, on an advisory basis, in favor of the compensation paid to the Company’s named executive officers, as disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on May 10, 2023. For Against Abstain Votes 17,513,493 3,211,169 373,421”

WRAP TECHNOLOGIES, INC. shareholders approved Election of directors: Wayne Walker, Kevin Mullins, Scot Cohen, Michael Parris, Kevin Sherman, Bruce T. Bernstein, and Marc Savas. at the 2023-06-28 meeting.

“Item 5.07 Submission of Matters to a Vote of Security Holders. On June 28, 2023, Wrap Technologies, Inc. (the “ Company ”) held its annual meeting of stockholders (the “ Annual Meeting ”). The matters voted upon at the Annual Meeting and the results of the voting are set forth below. Proposal No. 1 - Election of Directors. The Company’s directors are elected by a plurality of the votes cast. Stockholders elected Wayne Walker, Kevin Mullins, Scot Cohen, Michael Parris, Kevin Sherman, Bruce T. Bernstein and Marc Savas to serve on the Board of Directors until the 2024 annual meeting of stockholders, or until their successors are duly elected and qualified. For Withheld Wayne Walker 18,328,413 2,769,670 Kevin Mullins 18,784,350 2,313,733 Scot Cohen 18,574,075 2,524,008 Michael Parris 18,086,016 3,012,067 Kevin Sherman 18,171,656 2,926,427 Bruce T. Bernstein 18,547,947 2,550,136 Marc Savas 16,904,747 4,193,336”

WRAP TECHNOLOGIES, INC. entered into Securities Purchase Agreement with certain directors of the Company and certain accredited and institutional investors valued at $10 million (effective 2023-06-29).

“On June 29, 2023, Wrap Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain directors of the Company and certain accredited and institutional investors (collectively, the “Investors”), pursuant to which it agreed to sell to the Investors in a registered direct offering (the “Offering”) (i) an aggregate of 10,000 shares of the Company’s newly-designated Series A Convertible Preferred Stock, with par value $0.0001 per share and a stated value of $1,000 per share, initially convertible into up to 6,896,553 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a conversion price of $1.45 per share (the “Preferred Shares”), and (ii) warrants to acquire up to an aggregate of 6,896,553 shares of Common Stock (the “Warrants”).”

Marc Savas was appointed as member of the Board of Directors at WRAP TECHNOLOGIES, INC..

“On April 21, 2023, Bruce T. Bernstein and Marc Savas were each appointed to serve as members of the Company’s Board”

Bruce T. Bernstein was appointed as member of the Board of Directors at WRAP TECHNOLOGIES, INC..

“On April 21, 2023, Bruce T. Bernstein and Marc Savas were each appointed to serve as members of the Company’s Board”

Kevin Mullins was appointed as member of the Board of Directors at WRAP TECHNOLOGIES, INC..

“On April 21, 2023, Kevin Mullins, the Chief Executive Officer and President of Wrap Technologies, Inc. (the “ Company ”), was appointed to serve as a member of the Company’s Board of Directors”

WRAP TECHNOLOGIES, INC. reported first quarter of fiscal year 2023 results: revenue between $0.60 million and $0.70 million, net income estimated to be between $3.7 million and $4.3 million.

“Officer search process carried out by the Board in the first quarter of 2022. Preliminary Estimated Results for Q1 2023 ● First quarter 2023 revenue is estimated to be between $0.60 million and $0.70 million, which compares to $1.6 million in the prior year period. The decline in revenue is primarily attributable to the timing of new orders being delayed until later”

Glenn Hickman was terminated as Chief Operating Officer at WRAP TECHNOLOGIES, INC..

“Glenn Hickman’s employment with the Company as Chief Operating Officer was terminated in connection with a broader reduction in headcount.”

Kevin Mullins was appointed as Chief Executive Officer at WRAP TECHNOLOGIES, INC..

“the Board of Directors appointed Kevin Mullins, the Company’s current President, to the position of Chief Executive Officer”

TJ Kennedy resigned as Chief Executive Officer at WRAP TECHNOLOGIES, INC..

“TJ Kennedy resigned as Chief Executive Officer and as a member of the Board of Directors of the Company”

WRAP TECHNOLOGIES, INC. updated its the fiscal year ended December 31, 2022 guidance (reaffirmed).

“Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced financial and operating results for the fourth quarter and full year ended December 31, 2022.”

WRAP TECHNOLOGIES, INC. reported the fourth quarter ended December 31, 2022 results: revenue $3.59 million, net income $(3.54) million, EPS $(0.09) per share. Guidance reaffirmed.

“● Net revenue increased 47% to $3.59 million from $2.45 million in the prior year period. The increase in net revenue was primarily due to an increase in sales highlighted by record deals in the Americas and the EMEA region. Americas revenue grew 282% to $2.0 million from $0.5 million in the prior year period, while international revenue decreased 16% to $1.6 million from $1.9 million in the prior year period. ● Gross profit improved to $1.70 million (47% of net revenue), a 130 year-over-year increase from $0.74 million (30% of net revenue) in the prior year period. The increase in gross profit and gross margin was primarily the result of improved traction and improved pricing on the BolaWrap 150 product as well as increased efficiencies in the costs associated with the production of the BolaWrap 150 as compared to the BolaWrap 100 in the prior year period. ● Sales, general and administrative (SG&A) expense increased $0.37 million, or 9%, to $4.43 million from $4.07 million in the prio”

WRAP TECHNOLOGIES, INC.: Amended and Restated Bylaws lowering special meeting threshold from supermajority to majority, changing Bylaws amendment vote to majority, and updating advance notice provisions for director nominations to align with Rule 14a-19 (effective 2023-02-07).

“The Board of Directors of Wrap Technologies, Inc. (the “ Company ”) has approved and adopted Amended and Restated Bylaws of the Company (the “ Bylaws ”). The Bylaws became effective on February 7, 2023 and include the following changes: ● lowering the threshold for shareholders to call a special meeting from a supermajority (66.67%) to a majority of the outstanding shares entitled to vote at the meeting; ● changing the required vote for shareholders to amend the Bylaws from a supermajority vote (66.67%) to a majority vote; and ● updating the advance notice provisions relating to shareholder nominations of directors to align with Rule 14a-19 under the Securities Exchange Act of 1934.”

WRAP TECHNOLOGIES, INC. entered into Agreement with Lumeto, Inc. and Spatial Industries Group, Inc. valued at $700,000 (effective 2022-11-22).

“On November 22, 2022, Wrap Technologies, Inc. (the “ Company ”), entered into a Professional Services and Technology Acquisition Agreement (the “ Agreement ”) with Lumeto, Inc. and Spatial Industries Group, Inc. (collectively, “ Service Provider ”), pursuant to which Service Provider will provide to the Company certain technology, services, and perpetual licenses for use within the Company’s Wrap Reality virtual simulation training platform (the “ Technology, Services, and License ”), in exchange for (a) a cash payment upon the execution of the Agreement of $700,000, (b) a cash payment of $125,000 upon the completion of certain project delivery deadlines, with such delivery deadline projected to be on February 13, 2022, and (c) a cash payment of $125,000 upon the completion and delivery of the final Technology, Services, and License.”