Lifeloc Technologies Inc (PK) (LCTC) Share Price

I think the other Form 4 filings were option expirations on March 1, except for Adam Kashenberg, which I believe was an option granted since he recently joined as a Director for the company. Edco's was a purchase. Nonetheless, show of continued confidence from top insiders...

Looks like Wayne bought too, although I can't tell if his and EDCO overlap. If it is separate from EDCO it is quite a vote of confidence in the company.

Edco Partners LLLP Acquires 34,800 Shares of Lifeloc Technologies
Mar 5, 2025, 06:10 GMT-5

https://www.tradingview.com/news/tradingview:0aafce75b17fb:0-edco-partners-lllp-acquires-34-800-shares-of-lifeloc-technologies/

Looks like Edco Partners just purchased another 34,800 shares of Lifeloc stock, bringing their total holdings to 2,100,119, up from 2,065,319.

Current thoughts:

I can’t wrap my head around who continues to sell shares at these current levels.   It still feels like a never ending supply of stock for sale and it’s not done.  The current seller has at least another 5,000 shares before they are finished.  I don’t understand why they don’t at least wait until the upcoming catalysts over the next couple months especially with the SpinDx being presented at some of the expos and shows.  
I don’t know what it’s going to take to get Lifeloc to embrace social media a bit more.  Why is so difficult for them to utilize social media to get exposure.  It shouldn’t be that costly to hire a recent grad to create unique and interesting posts for Facebook, Instagram, TikTok, LinkedIn, etc.  And why do they have such a hard time providing investors with updates?  If Lifeloc applies for a patent, let us know.  If Lifeloc receives a patent, let us know.   If Lifeloc is presenting at an upcoming show, let us know.  If Lifeloc is performing human testing of the SpinDx device, let us know.  What’s the point of keeping us in the dark?   

And why does the projected annual revenue numbers given by Lifeloc for this year have to fall by such a large amount to less than $8 million.  In an industry that is currently experiencing exponential growth I just don’t see why current sales would have to suffer this much even if they are focusing most of their efforts on the SpinDx device.   

My wish is for someone to join the management team who understands what it means to be a public company and will make the right decisions to increase shareholder value.  

Are tech companies any closer to developing a cannabis breathalyzer?

https://www.marijuanaventure.com/are-tech-companies-any-closer-to-developing-a-cannabis-breathalyzer/

"For many of the 24 states that still do not allow adult-use cannabis, concerns about intoxicated driving are a wedge used by prohibitionists to keep people on the fence about cannabis reform."

"Mouth swab tests, which check for a variety of drugs including cannabis, have been adopted by some police departments in Indiana, however false positives are a major concern and have kept most police departments from using saliva swabs to detect cannabis intoxication."

Maybe it's time a more reliable and effective device was brought to market.

Governor's Highway Safety Chair, Michael Hanson on Oral Fluid Testing before Congress...

Governors Highway Safety Association
·
⚠️ 📰 🛣️ ICYMI: GHSA Chair Michael Hanson, Director of the Minnesota Office of Traffic Safety, testified about roadway safety on Capitol Hill last week. During the three-hour hearing, Hanson spoke about the state of U.S. traffic safety, what’s working and what’s not. Here are a few key highlights:
💡 PROMOTING INNOVATION: Rep. Greg Stanton singled out the need for innovation in Section 402 funding. Hanson urged lawmakers to give State Highway Safety Offices more flexibility to deploy creative solutions and data-driven countermeasures so they can most efficiently use federal dollars. “This is where the behavior part and the infrastructure part come together, and anything we can do to help support our infrastructure partners is going to be a step in the right direction,” he said. Hanson told lawmakers that emerging technologies and data analysis can provide real-time safety insights that will improve safety.
🚓 TRAFFIC ENFORCEMENT: Both Republican and Democratic subcommittee members voiced support for the enforcement of traffic safety laws. Hanson told lawmakers that “GHSA supports the proven role of traffic enforcement and the wider criminal justice system in preventing crashes and stopping dangerous drivers.” Separately, responding to a question from Rep. Pete Stauber, Hanson said: “The data is irrefutable. The decrease in traffic law enforcement that’s happened over the last five, six, seven years across the country has led to significant increases in the bad driving behavior we’re seeing out there.”
🍸 IMPAIRED DRIVING: How to prevent impaired driving was brought up several times at the hearing. Responding to a question from Rep. Jerry Nadler, Hanson said that passive impaired driving prevention technology would save 10,000 lives a year, the technology is ready and that “anything we can deploy to prevent an impaired driving incident from happening” is critical. Hanson echoed Nadler’s remark that impaired driving prevention technology is a “game-changer.” Separately, responding to a question about cannabis-impaired driving, Hanson said that oral fluid testing has been successful in addressing this critical safety issue.
Thanks to Chair Hanson for doing such a great job flying the roadway safety flag before Congress!

Pennsylvania - There were also multiple back-and-forths between the officials and lawmakers about public safety concerns—particularly as it concerns impaired driving. And the takeaway was generally that while the continued lack of a tool to detect active impairment from THC is problematic, there are other methods of ensuring road safety, including the utilization of drug recognition experts, or DREs.

At a House Appropriations Committee hearing, Lt. Col. George Bivens recognized that state police are “going to need additional resources, particularly in the patrol function, with regards to highway safety and then on the investigative side.” He said the department has spoken to colleagues in other states that have enacted legalization about the issue.

https://www.marijuanamoment.net/top-pennsylvania-police-and-health-officials-say-theyre-prepared-to-implement-marijuana-legalization/?fbclid=IwY2xjawIpkdlleHRuA2FlbQIxMQABHa798exs41Uho7I2Ghz0OjasSC2U1nj2MQGn4cVlKw4eaYFV6MSOgWCrog_aem_N4uBOHPgX-e0txd5fkCpgg

Germany's law sets the cut-off limit for THC at 3.5ng/ml in blood. This is law. As technology advances, I believe we will see a shift from blood to oral fluid sample tests, which have been proven to effectively measure recent use of THC vs. blood, urine, hair - giving results that may be up to 30 days since use.

Technology may further advance to things like breath sample tests in the future. This is an evolving technology, but society wants and needs this technology. Governments needs to be held accountable for the effects of legalizing marijuana, on the safety of it's citizens.

Debate is good for stocks - it creates volume and volatility. Since this stock is over 90% owned by insiders, sellers are on the wrong side of the trade.

https://cannabislaw.report/germany-announces-new-thc-limit-in-road-traffic-effective-immediately/

Thank you for that. I think that SpinDx will be used as a screening tool and then those that have a high THC level will have to take a blood test. The blood test is expensive and time consuming relative to SpinDx so this saves police departments money and police officers time from writing up drivers who turn out not to be impaired. For now, blood tests remain the 'gold standard' for cannabis testing.

No, because this has been the debate for a long time. The oral fluid sample test is the best option we have to date, and is a much better option than a zero tolerance.

The U.S. department of Transportation has felt strongly enough to apply a cut-off limit for THC at 4ng/ml, and Germany has followed suit. This will be an evolving issue, and I'm sure there will be further debate. It may be that oral fluid tests are initially used as a compliment to Drug Recognition Experts. We know that marijuana use impairs driving, I don't think anyone will argue that. There were similar arguments when the alcohol breathalyzer became mainstream - people argued that daily drinkers had a better tolerance for alcohol, and were better drivers, despite their BAC levels.. People argued that if you consumed a large meal, or drank coffee, took a shower, etc., that your driving would not be impaired by drinking alcohol. It's simply not the case.

Don't second guess yourself on this...

Any concern in the article about the studies that show no correlation between THC and impaired driving?

Quick Lifeloc thoughts:

- Believe it or not, Friday was the largest volume day in over 6 months. Sadly all the volume was on the sell side. I can't fathom who is still selling shares at these prices with all the upcoming events.

- Does anyone actually believe Cannabix is currently worth 4 times the value of Lifeloc? Is the Cannabix marijuana breathalyzer device worth 4 times that of the entire Lifeloc alcohol breathalyzer business and the SpinDx drug detection device? Not a chance. It shows you the value of providing updates and having concern for shareholder value.

- I still think that AXON who has emerged as a standout player in the tech-driven future of public safety would be a great merger and/or acquisition partner. AXON is valued at 5,000 times that of Lifeloc. AXON could partner or merge with Lifeloc for pocket change.

- I really would like to see some updates from management about the development status of the SpinDx. There has not been any buying interest in this stock for months. Sometimes I feel like I am the only investor that has any bids in and continues to buy shares. Can we please get some new investor interest in this company? You would think with Vern getting up there in age and being the largest shareholder by far, he would push a bit for putting out some updates and want to get things moving.

- Thinking into the future - Since the SpinDx device has the capability of testing 64 different assays, I can't help but think this would be a fantastic device for hospitals to have on hand for a quick test of not only drugs of abuse but things like Lymes disease, mold toxins, covid, viral and bacterial infections, etc. 64 potential tests is more than adequate to pre-screen a patient and determine what might be the issue.

“With states getting out in front of federal legislation relating to marijuana specifically,” he said, “do you have any recommendations or ideas or technologies that we can start to implement that would detect a more instantaneous level of impairment?”

I think we all know of a certain technology called the SpinDx that is capable of detecting an instantaneous and quantitative level of impairment. Sadly it's only a handful of people that know about this device. We are in the sweet spot for dissemination of this information.

"Though there’s no widely agreed-upon way to test impairment by drivers at a roadside stop, efforts to develop and deploy field tests that screen for recent use have become more urgent in recent years."

"The National Institute of Standards and Technology (NIST), for instance, is planning to convene government officials, forensics experts, academics, industry representatives, law enforcement and standards organizations in April for what it describes as “an open and candid discussion” about “the path forward to realize meaningful cannabis breathalyzer technology and implementation.”

This NIST event is the absolute perfect time and place for LIfeloc to start introducing the SpinDx device to those that are waiting for it.

Traffic Safety Official Emphasizes Need For Roadside Marijuana Testing At Congressional Transportation Hearing. We should start to see an uptick, as the debate begins. There's a lot of stimulus coming in the next few months - trade shows, conventions, NIST meeting, Congress, Beta testing, Quarterly/Yearly reports.

It won't be long before the media starts to gain attention, and report on this... The much needed focus on transportation safety, as a result of legalization/decriminalization of marijuana in the United States.

https://www.marijuanamoment.net/traffic-safety-official-emphasizes-need-for-roadside-marijuana-testing-at-congressional-transportation-hearing/?fbclid=IwY2xjawImsvJleHRuA2FlbQIxMQABHSf0fEmsPl8_AI-hXEuJrg6UAe_Lbet0rVDRwoU1mgz95pcCkdCgaFHafA_aem_PLX6HG-RxPOxpSluDJBbaQ

After further review, Lifeloc measures delta-9-THC which is more relevant to current impairment. Drager's test is less useful for current impairment and that is the issue several of the articles talk about, the inability of cannabis tests to tell if the subject is currently impaired. Another advantage for Lifeloc!

Lifeloc has demonstrated down to 5 ng/ml, and is working on narrowing that down. Draeger's device is pass/fail only - very similar to a pregnancy test strip that turns a different color if positive, vs Lifeloc's SpinDx device giving an xx ng/ml quantitatively. I expect Lifeloc's initial release to be a pass/fail, and later update to a quantitative disc, ultimately end product being a quantitative device as a breathalyzer unit - adding quantitative discs for additional drugs of abuse, with endless sales of consumable discs, collection kits, and firmware upgrades. $$$$$

Lifeloc has existing sales of their alcohol breathalyzers all over the world - to over 65 countries. If customers want consistency in a product, I would say Lifeloc has that wrapped up.

If Lifeloc makes it another year without being acquired by Draeger, it could quite possibly eventually acquire Draeger....

Seems like Lifeloc has some catching up to Drager if Drager can measure down to 5 ng. Also, seems like those other companies can already test for other drugs. I really hope they can raise that other 750k so they can move things along faster.

Wanted: A test for THC impairment - Indiana was originally going to set the cut-off limit for THC at 5ng/ml, but amended it to using the saliva test for THC as a complimentary means to sobriety tests, weaving, blood tests, etc., until the science is better understood...

https://indianacapitalchronicle.com/2025/02/13/lawmakers-move-thc-test-threshold-for-impaired-driving/

The controversy continues. Hopefully we will get a move in the right direction, after the NIST meeting of the minds in April.

This is what I have for upcoming Conferences/Expos that Lifeloc will be attending and hopefully presenting the new SpinDx Drug Detection Device Technology:

National Institute of Standards and Technology (NIST), is scheduled to be held in Boulder, Colorado, on April 16 and 17.

NDASA 2025 Annual Conference & Trade Show Jacksonville, FL April 1-3

2025 Lifesavers Conference - Long Beach Convention Center, Long Beach, California - March 9 – 11, 2025

2025 Symposium on Traffic Safety May 19-22, 2025 Lake Buena Vista, Florida

2025 IACT Annual Conference - April 6 - 11, 2025 | Sahara Las Vegas | 2535 Las Vegas Blvd S. | Las Vegas, NV

Sounds great! I know Lifeloc will be an exhibitor in April at the NDASA Annual Conference in Jacksonville.

https://custom.cvent.com/06c67c194d2b4bb7af5bd64f0f51489e/files/c9157f35ed5f411ea9947aff40d945ff.pdf

This is what we have all been waiting to hear:

"Thank you for reaching out. We have been in communication with the NIST group sponsoring this event, and we will have some people participating in the event. We will be showing the SpinDx at a number of drug and alcohol conferences in the next few months."

I can do a bit of homework and find out dates and locations of the upcoming conferences.

But this seems like very good news. They are finally ready to start showcasing the SpinDx device technology.

There is a recent Linkedin post from a traffic officer at the Las Vegas Police Department showing at least 200 brand new Lifeloc PBT devices. The yellow case looks like they are the new FC10's. That is a very good pay day for Lifeloc but this is exactly what we need to be seeing. Large orders for new product. Someone at LIfeloc deserves credit for securing this large of a purchase order. Nice job! See picture below:

I did reach out to the organizers of the NIST event and according to the rep Tara Lovestead:

"Representatives from Lifeloc have already been invited and will be attending"

I would have loved for it to have said will be presenting and attending but at least we can confirm that they will be present. That's a step in the right direction.

I would love to hear from Lifeloc, and see if they plan on attending the open forum presented by NIST on “the path forward to realize meaningful cannabis breathalyzer technology and implementation.”

It sounds like NIST is making their agency available to partner with industries and others, to make this technology a reality. I would think that Lifeloc would certainly want to be represented at this forum, as well as Hound Labs, and Cannabix. NIST says there's more information about the forum to come...

It does appear that the article you posted yesterday brought in some much needed buy side volume.

Question still remains if Lifeloc will be attending, presenting, exhibiting, or just be involved. The obvious answer is yes to everything. They are 40 minutes away from this 2 day event and is the perfect time and place to showcase the SpinDx device and yet somehow I still have doubt that they will do the obvious.

Federal Meeting for Advancing Marijuana Breathalyzer Technology April 16 & 17th in Colorado. Should correlate nicely with Lifeloc's Quarterly Report. The meeting is in Lifeloc's backyard. Should be interesting...
https://www.marijuanamoment.net/federal-agency-will-host-open-and-candid-discussion-on-marijuana-breathalyzer-technology/?fbclid=IwY2xjawIYOoRleHRuA2FlbQIxMQABHXXjw0zbtCqPhab_uXK_B5YNdGh-XkNPtpWPrXmLEBlO2qmOgw9Zo2fBnw_aem_78QxTp-UArGF_zsfNh9qTQ

Coming this spring - the debate continues... I can remember back in the 1970's, they had the same debate on alcohol breathalyzers... Now they are the standard. I can tell you that when I was in my 20's, I occasional smoked marijuana for about a year. During that time, I can tell you that there was no way in hell that It was safe for me to get behind the wheel of an automobile after using marijuana.

https://www.marijuanamoment.net/federal-agency-will-host-open-and-candid-discussion-on-marijuana-breathalyzer-technology/?fbclid=IwY2xjawIYOoRleHRuA2FlbQIxMQABHXXjw0zbtCqPhab_uXK_B5YNdGh-XkNPtpWPrXmLEBlO2qmOgw9Zo2fBnw_aem_78QxTp-UArGF_zsfNh9qTQ

There's a January 2024 story about how Colorado Biolabs opened a plant in California. They make iron supplements and Adam Kashenberg is the CEO. I would guess that most of his net worth is tied up in the company. While I would have liked at least a token purchase of Lifeloc stock by him I can sort of understand why he does not own any.

Diamond Bridge has the first right of refusal on future debenture financing, so most likely, any future funding could possibly come from them. The terms were very good, 8.25% loan is good terms for business loan, as I have stated before, and it is unsecured, and relatively non-dilutive - except for the warrants, which were used to "sweeten the deal" I'm sure. It also gives Lifeloc the flexibility to issue more warrants to Diamond Bridge, if they opt for future, interest only payments.

As far as Adam Kashenberg - he will be compensated as all other Directors of Lifeloc. Insiders buy and sell stock for a variety of reasons, and we do not know anything about his current financial status. As far as I'm concerned, it's irrelevant at this point.

Yes, the stock, as any stock, would benefit from a rise in share price. Lifeloc is a small company, with a very small share structure and float. It sometimes will go days without a single trade, and this illiquidity is unattractive to most investors. The share price would definitely benefit from some positive news from the company, thus increasing volume and price - which would most likely attract new investors and traders. With an increase in share price in the future, the stock would greatly benefit from a stock split, thus increasing shares in a non-dilutive manner, as well as help it meet requirements for uplisting.

As far as the video for the alcohol breathalyzer goes, I believe it was a smart business decision. The alcohol segment of their business has almost completely funded the development of the SpinDX device, and to abandon that, would not be a smart move, particularly showcasing the advancements and capabilities of the LT7 and LX9 to date. It also opens doors to future videos and marketing for the SpinDx device by the production company.

I believe there has been an abundance of shares being sold short in January. Whether this is Diamond Bridge putting a sell trade on, to protect them from downside risk, I don't know. But, I try not to micro-manage every small thing in my investments. Yes, it's good to stay on top of your investments, but I believe there are big things to come here, and that is what we should all focus on...

Adam Kashenberg was added to Lifeloc's Board of Directors in July. He has had plenty of time to understand the inner workings of the SpinDx Drug detection device and grasp the concept.

Let me ask you this - why haven't we seen an insider share purchase from him in this price range of the low $3.00's. Only 2 reasons:

- He is restricted from doing so

- He does not believe that Lifeloc is a worthy investment in the low $3.00 range.

We know from one of the recent filings that he does not own any shares in Lifeloc. Don't you think he would want to get involved with some type of investment into the stock? Especially in the low $3.00 range?

I know a way they could easily raise the much needed $750,000. Get the stock above $6/share so that the warrants are in the money by at least a dollar or more. And do you know how to get the share price to trade above $6 - provide updates on the SpinDx progress and get traders/investors interested and excited. Every single time Cannabix provides an update, they see a rise in stock prices. Cannabix hired a PR team to disseminate info and it works.

If you ask the same friends/associates when the stock price has risen and they can see Lifeloc providing updates, I would think they would be more inclined to participate as would anyone.

So based on the D they filed they still need to raise another 750k. Do you know anyone who would take an 8.25% interest rate with warrants? I've been asking friends/associates, so far no luck. Maybe several people at 100k or so each?

The cost to create this video is not inexpensive. No one cares about the LT7 breathalyzer model. I think we all could agree that it would have been a much better use of resources to show us how the SpinDx device is going to work and provide us some updates.

The stock has been lined with sellers and not a buyer to found. Cannabix provides updates and is rewarded every time with a bump in stock prices. Why is so difficult for Lifeloc to give us an update? This is why there is zero interest in the company or the stock. I just continue to think Lifeloc can do better.

This is simply a first step, in what will hopefully grow into a much broader, and more aggressive approach to their product branding.

This past summer, Lifeloc appointed Adam Kashenberg to it's board of directors. Supposedly, he is well versed in social media sales and marketing. It's a start, and I doubt Lifeloc would blatantly invest time and money into a marketing endeavor, and not follow through with it. I would expect to see this marketing expand very quickly of their oral fluid device, once it is released.

This is a time to get excited about the near future, not frustrated. Lifeloc has made monumental progress in their product development, and is now preparing for production of their device. With their provisional patent filed in August, they basically are on a tight timeline to file for a nonprovisional, full patent in the next 6 months.

Lifeloc has un-doubtedly made the correct decision to focus their efforts to oral fluid testing for the near term. Oral fluid testing is the current trend in drug testing, and Lifeloc's device will be at the forefront, with one of the only devices available, giving a quantitative reading of THC.

It appears that Lifeloc has hired Noble Bison Productions to create a video for their LT7 and LX 9 breathalyzer devices. Noble Bison Productions is a company out of Denver, Colorado who is a story-driven video production company providing fully developed professional production services.

It's a good start but sadly I don't think it will be seen by many people unless they have an advertising and marketing plan in place which I don't see happening.

The solution to the problem is not far away...

https://www.marijuanamoment.net/transportation-industry-warns-congress-that-marijuana-rescheduling-could-weaken-zero-tolerance-drug-testing-policies-for-truckers/?fbclid=IwY2xjawIF3sFleHRuA2FlbQIxMQABHacV6HwBfv8n3noLycbh1N5KfVsBvUmG3tuotfRTHHplzEpnWD_7megf3w_aem_kwD2YyWSLT9BxC7_7gAlbw

The race is on...

https://finance.yahoo.com/news/cannabix-alcopro-enter-mou-marijuana-134500638.html

When comparing the SpinDx to other drug detection devices, are we able to answer the following questions:

- Will the SpinDx device be the most comprehensive drug testing device on the market? With 64 potential tests on 1 disk, is there anything else on the market that is capable of testing that many different drugs?

- Will the price of $25 per disk/test be the most cost effective price on the market? Any idea what the other drug testing devices charge per test?

- Will the SpinDx device be the only drug detection device that is able to measure levels of impairment and produce quantitative results?

- Is the SpinDx device the only device that we know of that will collect a sample and get the results locally within minutes? Is there anything else on the market that can produce results from a saliva sample in less than 10 minutes?

Thanks!

As of today, does cocaine, opiates, fentanyl, amphetamine, methamphetamine, morphine, MDMA, and benzodiazepines have any known cut-off limits for driving while intoxicated and/or on the work clock?

Thanks!

Marijuana: With marijuana, most people find that their usage becomes evident within 1 hour after consumption and remains so up until around 24 hours later when tested using cotton swab method or similar techniques.
Cocaine: Cocaine on the other hand shows up almost instantly in saliva samples post-consumption and generally stays identifiable for roughly one day afterwards.
Opiates: For opioids such as heroin or prescription painkillers like oxycodone/hydrocodone; they typically become noticeable between 5-10 minutes following intake while remaining visible anywhere from a few hours up till two days thereafter depending upon various factors including frequency & quantity used among others.

https://www.ecfr.gov/current/title-49/subtitle-A/part-40/subpart-F/section-40.91

For oral fluid tests, does each drug of abuse being tested for have a slightly different window of detection and a different cutoff limit?

I believe Lifeloc plans to charge $25/disk/test. I think this is more than reasonable if as a police department, I can get a quantitative result for a panel of various drugs of abuse with reliable results in less than 10 minutes.

The key factor here is the cut-off limit for THC. Oral fluid tests provide a much more recent window of detection vs blood, urine, hair, etc... Along with this cut-off limit is where Lifeloc's device really shines, compared to other oral fluid tests. Since Lifeloc's device gives a quantitative result, it can give a much more accurate result for recent use. Currently, the DOT has set the cutoff limit for THC at 4ng/ml.

I believe individual states will begin to follow the DOT ruling, and set similar limits for their states. The test results will then be used in a similar manner as results from an alcohol breathalyzer. If the concentration is above the limit, you will be considered under the influence, if below, than not..

Quick question: We know the purpose of the marijuana breathalyzer was to discover recency of drug use. Do we have any idea if the SpinDx device is being developed for recency of use? How long will the drugs show up in my system for if I am tested with the SpinDx device? I don't want to get pulled over and show a positive result if I smoked yesterday or did a line of coke a week ago. Any idea on how that's going to work in regards to detection of recent use?

Thanks!

I believe that the disc is only going to be temporarily produced by the large, microfluidics company, with some of the money recently acquired being used to provide manufacturing capability to develop the discs in house.

This most likely enables Lifeloc to hit the ground running, with a small batch manufacturer in place, which will provide the discs for rollout, until their manufacturing facility is ready for full-scale production - which will be the most cost effective for Lifeloc, and give them a more adaptive, in house means for future development and production, of discs with the capability to detect other drugs of abuse, such as methamphetamines, cocaine, fentanyl, Heroin, etc...

Lifeloc Technologies will also be exhibiting at the County Sheriffs of Colorado 50th Anniversary Winter Conference & Vendor Show in Loveland, Colorado, on January 22nd.

I also see some upcoming shows in March in April that they will be attending.

In the latest PR from Lifeloc they state, "Lifeloc expects the analytical disk to be produced and supplied in small quantities by a large international microfluidics company."

Some of the top companies leading the microfluidic immunoassay industry for medical testing include Abbott Laboratories, Roche Diagnostics, Bio-Rad Laboratories, QIAGEN, and Thermo Fisher Scientific. These companies are renowned for their innovative technologies and comprehensive solutions that revolutionize medical testing processes worldwide, offering faster, more accurate, and more accessible diagnostic capabilities.

Wouldn't it be nice to one day wake up to the headline that Lifeloc Technologies will be working with Abbott Labs to produce an analytical disk for their new and innovative SpinDx drug detection technology.

One can always dream.

https://www.marijuanamoment.net/top-federal-drug-official-floats-state-monopolies-for-marijuana-sales-to-promote-public-safety/?fbclid=IwY2xjawH0uFpleHRuA2FlbQIxMQABHTb54N278oltgja1joWi4qQQKW9jqps_WdYDsBMi81wLeAo5JFQPcBz7vQ_aem_VUDSYVJgsqKdkGZiw9cOTA

On a more granular level, the official pointed to several other policies that may be “likeliest to have the greatest impact protecting public health,” which includes “restrictions on retail sales, pricing, and marketing; putting limits or caps on THC content in products; and laws about cannabis-impaired driving.”

Thanks for the clarification. You are right about the warrants being the 281k, but I think the other $1m plus is what they would like to raise in addition. The warrants for quarterly instead of monthly payments don't add up to the $1m and I don't think they would count that since it's unlikely (hopefully) that they would end up issuing more warrants.

It appears that the FORM D is totally inclusive of the Diamond Bridge Deal. The total amount sold is the $750,000 loan + 62,500 warrants ($281,250) = $1,031,250. The total remaining sold reflects the terms of the debenture agreement, where Lifeloc has the option to pay quarterly interest, in lieu of monthly payments. If they do this, they must issue Diamond Bridge more warrants as described.

Manner and Time of Payment. The Subordinated Debt shall be payable as follows: (a) Borrower shall make
quarterly interest-only payments in the amount of $15,468.75 per quarter on March 31, 2025, June 30, 2025, September 30, 2025, and December 31, 2025; (b)
beginning January 31, 2026, Borrower shall make monthly payments in the amount of $9,198.95 per month, reflecting principal plus interest based on the
amortization schedule attached hereto as Exhibit C, calculated on the basis of a 10-year amortization period; provided that Borrower shall have the right to
make interest payments quarterly instead of monthly upon notice to Lender and provided that Borrower shall issue to Lender additional Warrants to purchase
up to 20,000 shares of Common Stock for each quarter in which payments are not made monthly, up to a maximum of 62,000 Warrants issued under this
provision in any first year that Borrower exercises that right and 7,800 Warrants per quarter thereafter; and (c) the balance due on the Maturity Date