UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2021~~2022

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

~~333~~000-~~256224~~51007

(Commission File Number)

GZ6G Technologies Corp.

(Exact name of registrant as specified in its charter)

Nevada		20-0452700
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
8925 West Post Road, Suite 102 Las Vegas, NV		89148
1 Technology Drive, Bldg B, Suite no. B123 Irvine, CA		92618
(Address of principal executive offices)		(Zip Code)

(949) 872-1965

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

None

N/A

Securities registered pursuant to Section 12(g) of the Act:

Common Stock, $0.001 par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller reporting company ☒
	Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Yes ☐ No ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter was $3010,~~797~~770,~~454~~079.~~15.~~

As of ~~March~~April 1814, ~~2022~~2023, there were 25128,~~188~~401,~~742~~166 shares of the registrant’s common stock outstanding.

GZ6G Technologies Corp. TABLE OF CONTENTS
		Page
	PART I
Item 1.	Business	2
Item 1A	Risk Factors	1416
Item 1B	Unresolved Staff Comments	1416
Item 2	Properties	1417
Item 3	Legal Proceedings	1417
Item 4	Mine Safety Disclosures	1417
	PART II
Item 5	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	1518
Item 6.	~~Selected Consolidated Financial Data~~[Reserved]	1518
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1519
Item 7A.	Quantitative and Qualitative Disclosures about Market Risk	2023
Item 8.	Financial Statements and Supplemental Data	F-1
Item 9	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	2124
Item 9A	Controls and Procedures	2124
Item 9B	Other Information	2225
Item 9C	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	2225
	PART III
Item 10	Directors, Executive Officers and Corporate Governance	2326
Item 11	Executive Compensation	2629
Item 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	2831
Item 13	Certain Relationships and Related Transactions and Director Independence	3033
Item 14	Principal Accountant Fees and Services	3238
	PART IV
Item 15	Exhibits and Financial Statement Schedules	3339
Item 16	Form 10-K Summary
	SIGNATURES	3442

PART I

As used in this Annual Report on Form 10-K (this “Report”), references to the “Company,” the “registrant,” “we,” “our” or “us” refer to GZ6G Technologies Inc. unless the context otherwise indicates.

FORWARD LOOKING STATEMENTS

This Annual Report on Form 10-K contains “forward-looking statements” that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The statements contained in this Annual Report on Form 10-K that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or Exchange Act. Such forward-looking statements include any expectation of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; factors that may affect our operating results; statements related to adding employees; statements related to potential benefits of acquisitions; statements related to future capital expenditures; statements related to future economic conditions or performance; statements as to industry trends and other matters that do not relate strictly to historical facts or statements of assumptions underlying any of the foregoing. Forward-looking statements are often identified by the use of words such as, but not limited to, “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “will,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions or variations intended to identify forward-looking statements. These statements are based on the beliefs and assumptions of our management based on information currently available to management. Such forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those identified ~~below,~~ and ~~those~~ discussed in ~~the~~our ~~section~~prospectus on Form ~~titled~~S-1/A ~~“Risk~~filed ~~Factors”~~with ~~included~~the inSecurities ~~Item 1A~~and ofExchange ~~Part~~Commission I(“SEC”) ofon ~~this~~February ~~Annual~~7, ~~Report~~2023 starting on ~~Form 10-K~~page 7, “Risk Factors”, and the risks discussed in our other ~~Securities and Exchange Commission, or~~ SEC, filings. Furthermore, such forward-looking statements speak only as of the date of this report. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances ~~after~~ after the date of such statements. Forward-looking statements in this Annual Report on Form 10-K may include statements about:

●

our ability to achieve profitability;

●	our competitive position and the effect of competition in our industry;

●	our ability to retain and attract new customers;

●	our ability to penetrate existing markets and develop new markets for our services;

●	our ability to retain or hire qualified accounting and other personnel;

●	our ability to successfully integrate acquired businesses;

●	our ability to protect our intellectual property and operate our business without infringing upon the intellectual property rights of others;

●	our ability to maintain the security and reliability of our systems;

●	our estimates with regard to our future performance and total potential market opportunity;

●	our estimates regarding our anticipated results of operations, future revenue, location growth, capital requirements and our needs for additional financing; and

●	our goals and strategies, including those related to revenue and location growth.

ITEM 1. BUSINESS

Company Overview

GZ6G Technologies Corp. (“GZ6G”, “we” or the “Company”) is an emerging smart city technology growth company that provides wireless and monetization enterprise level smart solutions to cities and large venues that require multiple types of products, services and third-party solutions to ~~fulfill~~ fulfil client needs. We were incorporated in Nevada on December 23, 2003, and are headquartered at ~~8935~~1 ~~West~~Technology ~~Post Road~~Drive, ~~Suite~~Bldg ~~102~~B, Irvine, ~~Las~~CA ~~Vegas~~92618, NVSuite no. ~~98148~~B123.

~~The~~GZ6G is a smart solutions technology provider focused on providing smart solutions advisory services, developing and acquiring early stage wireless 5G/6G and beyond technologies that meet certain core application requirements that deliver potential enterprise smart city solutions. Types of ~~West~~Products ~~Des~~include ~~Moines~~IPTV technologies, ~~Iowa’s~~digital ~~new~~displays ~~Recplex~~technologies, ~~sport~~VR, ~~venue project~~AI, ~~was~~data aanalytics software ~~new~~and ~~development~~wireless ~~when~~security ~~the~~tools ~~five-year~~for ~~Agreement~~Stadiums, ~~with~~Airports, ~~Lumen was~~Universities ~~signed~~and Smart City Projects. ~~The~~ ~~Company~~Our ~~finalized~~Mission: ~~the~~create ~~wireless~~shareholder ~~hardware~~value by ~~installation~~creating ~~to recognize~~a ~~$78k~~family inof ~~revenue~~wireless technology companies specializing in ~~the~~vertical ~~fourth~~markets ~~quarter~~that ~~of 2021. IT~~support ~~sponsorship~~subsidiary ~~managed~~business ~~service~~units ~~revenue~~with ~~will~~necessary skill ~~begin~~sets asto ~~the~~deliver ~~West~~value ~~Des~~added ~~Moines~~smart ~~Recplex~~Solutions ~~opens~~to ~~for~~partners ~~the~~and ~~public~~customers.

WeA ~~are~~wireless ~~currently~~Internet inof ~~the~~Things ~~process~~(IoT) oftechnology ~~finalizing~~company ~~two~~and ~~additional~~its ~~enterprise~~subsidiaries ~~level~~and ~~contract~~divisions, ~~agreements~~GZ6G ~~expected~~Technologies toCorp ~~close~~(GZ6G) inis focused on acquiring, developing and overseeing innovative wireless IoT technology companies for the ~~second~~emerging ~~quarter of~~5G ~~2022,~~and ~~however~~Wi-Fi6 marketplaces, weincluding target ~~will~~markets ~~not~~such ~~realize~~as ~~revenue~~stadiums, inairports, ~~2022~~universities, ~~until~~racetracks, ~~products~~casinos, ~~service~~ and ~~installation~~smart ~~are~~city ~~complete~~projects.

~~Additionally,~~Our ~~Green~~controlled ~~Zebra Smart Networks has opened its new technology managed service center in Irvine~~subsidiary, ~~California~~Green toZebra ~~support~~Media ~~plans~~Corp to(GZMC) ~~onboard~~is ~~customers in~~one ~~the~~such ~~second~~innovative ~~quarter~~provider of ~~fiscal~~wireless ~~2022~~hardware togateways, ~~provide monthly recurring revenue from enterprise accounts. In addition~~communications, ~~the office~~marketing ~~has~~and ~~hired~~sponsorship, ~~staff~~data toanalytics ~~sell~~platforms ~~remote~~and ITCRM ~~networking services to small to medium companies that require an outsourced IT networking solution~~technology. ~~The~~ ~~office~~Our isproducts ~~presently~~are ~~fully~~used ~~operational with 25 staff members including 14 new hires in the first quarter of fiscal 2022 to date. Costs~~ for ~~staffing~~stadiums, ~~and equipping this office has been approximately $700~~cities,~~000~~ ~~as of the date of this report. We will continue to hire staff as needed and as funds are available; however~~airports, ~~the~~universities ~~office currently is equipped with the necessary hardware~~ and ~~software, including~~ ~~state~~hospitality ~~of the art security measures, in order to use this office as the Company’s showroom~~markets.

The focus of our operations are contracts which can most efficiently, and cost effectively, bring revenue generating operations through partnerships with venues and industries that must adapt to the new 5G and WiFi6 environment.

Beyond that, GZ6G and controlled entities are establishing a global command center to offer our customer base scale and agility, speed the launch of wireless, digital services and data analytics services, and seamlessly connect customers to world class experiences. It is our intent that wireless IT network managed services and data center initiative for clients and partners will monitor cutting edge Wireless IT networks with the ability to dispatch technicians as necessary to ensure continuous functionality of our Wi-Fi networks.

In June 2018 GZ6G entered into a five-year written Master Service Agreement (MSA) vendor agreement with Lumen Technologies Corp (Lumen) (F/K/A CenturyLink) wherein GZ6G will provide enterprise level smart technology sales and marketing support to help Lumen enterprise sales teams nationally. The Agreement is non-exclusive with GZ6G acting as a supplier of software, license to use the software, service of the software, packaging and shipping the software, and installation of the software, as well as hosting services for the software. Due to existing relationships Lumen has with Venues, Stadiums, and Smart City target markets we are able to leverage Lumen’s relationships for introduction and exposure into those target markets.

The first of these projects for the Company was the city of West Des Moines, Iowa’s new Recplex sport venue project. The Company finalized a wireless hardware installation to recognize $130k in revenue in the fourth quarter of 2021. IT sponsorship managed service revenue will begin as the West Des Moines Recplex opens for the public in the current year.

In July 2022, the Company signed an exclusive, strategic partnership with Major League Baseball (“MLB”) team, the Texas Rangers. In December 2022, as amended January 2023, the Company signed a sponsorship and services agreement with the Kansas City Royals Baseball Club.

Green Zebra will be managing sponsorship opportunities within the venue across IPTV (internet protocol television) and fans’ mobile devices during live games and other events. When a stadium guest logs into the venue’s Wi-Fi network, Green Zebra’s interface launches to provide fans with quick and secure Internet access on their mobile devices including relevant messaging, such as food and merchandise discounts, and urgent updates such as stadium or security information across the venue’s IPTVs.

In addition, sponsorship opportunities are provided across Wi-Fi networks operated through Green Zebra’s managed service solutions. This allows for a smart connected ecosystem and monetization prospects for sponsors to promote their brand to a captive audience. Green Zebra will manage the networks within the live event facilities and their respective Wi-Fi networks and redirect web pages enabling sponsor ads to be seen across diverse platforms.

In September 2022, the Company’s GZ Networks division entered into an engagement agreement with an Orange County, California-based real estate chain, RE/MAX, as its IT service provider. This Orange County engagement will provide an opportunity to service other RE/MAX locations as the environment is similar office to office. This new partnership is one of several opportunities GZ Networks has been cultivating for small to medium size businesses (SMBs).

The initial focus on the Southern California region gives the GZ Networks senior management team the opportunity to train and prepare team members for enterprise accounts. With a quickly expanding roster of potential clients for enterprise accounts, GZ6G and GZ Networks are working quickly to enhance in-house expertise as an IT service provider in order to prepare for larger enterprise accounts as the opportunities arise.

Along with IT services offered to clients, GZ Networks offers a package of robust security services intended to protect sensitive customer and staff data from cyber-attacks for key service providers such as law offices, bank buildings, hotels, bars, and restaurants. The GZ Networks team of business advisors examine current business structures in place and provide analysis and suggestions to secure and optimize networks. HIPAA compliance allows further security where needed for hospitals, doctor’s offices, and healthcare facilities to safeguard patient data.

Green Zebra Smart Networks opened its new technology managed service center in Irvine, California in 2021 to support monthly recurring revenue for enterprise accounts. In addition, the office has hired staff to sell remote IT networking services to small to medium companies that require an outsourced IT networking solution. Costs for staffing and equipping this office has been approximately $1.45 million and $0.52 million in the years ended December 31, 2022 and 2021, respectively. We will continue to expand our staff as needed and as funds are available; however, the office currently is equipped with the necessary hardware and software, including state of the art security measures, in order to use this office as the Company’s showroom and headquarters.

Green Zebra Smart Networks (GZSN) Division Overview

GZ6G Technologies Corp (GZ6G), offers enterprise level IT and wireless networking services to national accounts while GZSN division, located in Irvine, CA, offers local enterprise level IT and wireless network technology consulting service, business technology infrastructure strategy and planning services, as well as IT networking hardware & security cloud software products and services. In addition, GZSN will provide businesses with monthly remote managed and monitoring service to the Orange County, California markets.

Green Zebra Smart Networks offers innovative solutions to help midsize business owners, post Covid, to upgrade, manage and provide remote work force IT technology infrastructure. GZSN services will provide opportunities to reduce IT infrastructure costs, reduce business labor costs by offering a local IT monitoring and managed service (MSP) solution that provides remote network engineering support.

Vision

Green Zebra Smart Networks plans to open the first of three IT Wireless MSP offices. We plan on revolutionizing the wireless managed service provider market (MSP) by focusing on the local business market that needs wireless IoT and remote network technology upgrades enabling businesses to grow with advanced security tools and network infrastructure technologies to operate their business much more efficiently with cloud technologies and resources.

Marketing

Starting July 5, 2021, we began aggressively advertising Green Zebra Smart Network services to small to medium size businesses that need IT infrastructure upgrades, remote networking services and cloud security solutions in Orange County, Ca. Advertising initially for lead generation through social media, email marketing, and digital marketing campaigns to drive product and service awareness to create Green Zebra Smart Networks as the IT authority in the local market.

GZSN intends to provide educational videos and blogs on cyber security technology and the benefits of having Green Zebra Smart Networks as their trusted technology advisors, to encourage businesses to become our clients.

GZ6G Sales Methods: We intend to use the following methods to drive and increase sales:

●

Digital Marketing

●

Social Media Marketing

●

Inside Sales teams

●

Channel Partners

Revenue Model

We are unable to provide an estimated revenue for GZ6G at this time; however, ~~we are hopeful that~~ our Green Zebra Smart Network Irvine, California local office has ~~will~~begun ~~begin~~ generating ~~revenue in~~ recurring revenue byin the middle ~~to the end~~ of 2022. We began onboarding clients in the fourth quarter of 2021.

Clients, when they are signed up, will incur recurring $5,000 monthly fees for IT security monitoring services and Local CCNA (Cisco Certified Network Associate) engineering with remote troubleshooting support capabilities and senior IT network engineers.

Additional non-recurring business revenue would be generated from IT infrastructure network Upgrades purchased from our smart solutions advisors.

GZ6G Technology & Expertise Is Helping Build Smarter Businesses. Wireless, Managed Services, Artificial Intelligence, data analytics. Smarter Business. Developer Tools. Enterprise Technology for the federal government, stadiums, airports, universities, and the entertainment industry.

GZ6G’s Subsidiaries and Divisions will focus on 4 core areas of expertise to support the GZ6G Enterprise smart solutions: 1. Wireless networking, security managed Services; 2. Data Center Services; 3. IOT software development; 4. Marketing, advertising, sponsorship services. We expect each subsidiary or division to operate on its own until GZ6G requires the expertise to ~~fulfill~~fulfil all or part of GZ6G technologies enterprise smart solutions products and services as required by contracts.

GZ6G Technologies Corp. (“Green Tech”) and its operating subsidiary, Green Zebra Media Corp work together to offer a fully integrated wireless infrastructure solution for enterprise opportunities, while Green Zebra Media focuses on innovative digital marketing, advertising sponsorship and monetization services for their clients. Green Zebra Media will provide digital marketing, monetization and marketing support services that are missing Wireless communications Networks, IoT applications, and location-based engagement types of technology.

While there are many competitors that offer Wireless Networking technology platforms, there are few that provide a on ~~site~~premise wireless gateway ~~communication~~ communication ad servers and digital marketing monetization support solutions together. The emerging industry requires assistant to maximize the client’s return on investment.

Green Zebra Networks (GZN) division will provide both managed services support for wireless networks hardware, software for enterprise level clients. In addition, GZN wireless technology will provide proprietary and licensed technology solutions.

Green Zebra Labs (GZSL) a new division being created to support GZ6G’s Enterprise smart solutions software integration services for Smart City Venues, in addition to creating new IoT software venue applications that support the smart city initiatives and venue specific data analytics and artificial intelligence applications. The Green Zebra Smart Labs Software team provides the client with a trusted external IoT software development team to assist with future smart city solution integration opportunities.

The mission of GZ6G’s management team is to build a family of smart solutions service companies that work together to minimizes the competition while lowering the risk to enter the 5G & Wi-Fi 6 marketplace. Venue owners need additional help using integrated technical support service, however, offering a digital marketing and monetization solution has created a competitive advantage that connects and engage communities with relevant information, offering and managing monetizing solutions will subsidize the expensive wireless technology infrastructure costs.

Offering an integrated approach digital marketing solution, sponsorship revenue, IT wireless networking and Software expertise together expedite the decision process for all stakeholders, our telecommunication, wireless and agency partners allow us to expand our reach, capabilities and resources.

GZ6G provides an enterprise state-of-the art Wi-Fi Media and communication Platform (hardware and software) to monetize and scale to any size venue and/or audience. Our Green Zebra Networks engineering team works with the Venue’s IT engineering team to install Wireless communications platforms. Green Zebra Networks will provide an engineering team to install the Wi-Fi platform into the venue Wi-Fi network, providing WiFi monetization hardware (Green Zebra Media hub) that connects to the customer’s Wi-Fi network system. Every Wi-Fi Media server is embedded with Communication and data analytics software to create monetization and communication. This capability transforms a single location into a powerful, media-rich communications network throughout the venue location.

This WIFI Media Server platform creates user engagement when users access Wi-Fi, enabling digital marketing teams to empower businesses, engage communities and enable mobile users with relevant local information, accessed as a cloud or on-premises solution.

In addition, Green Zebra Media teams signs long term contracts to secure digital marketing and sponsorship assets monetize venue opportunities, supporting the venue team with marketing strategies, planning, and implementation services, brand & user engagement services, digital marketing and design services, communication software and Wi-Fi ad servers.

Currently, GZ6G technologies has secured two partnerships with MLB teams the Kansas City Royals and the Texas Rangers and is working on securing a number of enterprise projects that were delayed in 2020 ~~due~~and to2021 ~~the~~as ~~impact~~a result of COVID -19, ~~and~~but ~~pushed~~have to resumed operation in fiscal 2022. These additional projects include several NCAA universities, ~~the~~ National Football League, and ~~several~~cities ~~sports complexes~~ located in ~~cities across~~ the United States.

Further, the Company has entered into a contract with US Federal Contractor Registration (USFCR), whereby the Company will be provided with assistance to qualify and help with federal contract procurement services and writing contracts for System for Award Management (SAM) projects.

GZ6G has future plans to roll up several complementary companies in the wireless, Wi-Fi security IoT and digital marketing sectors. GZ6G is able to provide wireless and digital promotion rights for certain events including WiFi media network advertising rights and the development of smart venue wireless networks and software engagement technology products for airports, stadiums, campuses and cities in the United States and International markets.

~~We were~~Additional ~~incorporated~~revenue insources ~~Nevada~~– ~~and~~Wi-Fi ~~our headquarters are located at 8925 West Post Road, Suite 102, Las Vegas NV, 89148. We are a smart~~as solutions technology provider focused on providing smart solutions advisory services, developing and acquiring early stage wireless 5G/6G and beyond technologies that meet certain core application requirements that deliver potential enterprise smart city solutions. Types of Products include IPTV technologies, digital displays technologies, VR, AI, data analytics software and wireless security tools for Stadiums, Airports, Universities and Smart City Projects. Our Mission: create shareholder value by creating a ~~family~~revenue ~~of wireless technology companies specializing in vertical markets that support subsidiary business units with necessary skill sets to deliver value added smart Solutions to partners and customers.~~center

A wireless Internet of Things (IoT) technology company and its subsidiaries and divisions, GZ6G Technologies Corp (GZ6G) is focused on acquiring, developing and overseeing innovative wireless IoT technology companies for the emerging 5G and Wi-Fi6 marketplaces, including target markets such as stadiums, airports, universities, racetracks, casinos, and smart city projects.

Our controlled subsidiary, Green Zebra Media Corp (GZMC) is one such innovative provider of wireless hardware gateways, communications, marketing and sponsorship, data analytics platforms and Customer Relationship Management “CRM” technology. Our products are used for stadiums, cities, airports, universities and hospitality markets.

The focus of our operations in fiscal 2021, were contracts which can most efficiently, and cost effectively, bring revenue generating operations through partnerships with venues and industries that must adapt to the new 5G and WiFi6 environment. Beyond that, GZ6G and controlled entities are establishing a global command center to offer our customer base scale and agility, speed the launch of wireless, digital services and data analytics services, and seamlessly connect customers to world class experiences. It is our intent that wireless IT network managed services and data center initiative for clients and partners will monitor cutting edge Wireless IT networks with the ability to dispatch technicians as necessary to ensure continuous functionality of our Wi-Fi networks.

The use of Wi-Fi networks in high-density areas is the most efficient manner to ensure consistent wireless connectivity. Two trends are converging today to propel upgrades and new deployments of Wi-Fi networks, including 5G and WiFi6. First, consumer demand for wireless connectivity continues to grow, overwhelming many wireless and Wi-Fi networks. Secondly, many large entities are seeking new digital media avenues to obtain exposure to target markets through online ‘impressions’, particularly when they have access to a captive audience. GZ6G is uniquely positioned to facilitate the convergence of these two trends. Additionally, GZ6G is developing future Wi-Fi networks that can integrate the Internet of Things (IoT) and significantly enhance network utility and user experiences.

The greater use of wireless devices (smartphones, tablets) and the emergence of IoT places has increased demand even further on wireless networks. Large network companies promote the 5G network deployment, but there are limitations to its effectiveness, particularly in high-density areas. Wi-Fi networks remain the best network deployment plan for airports, businesses, universities, transport hubs and city locations where there are high-density network demands.

Existing Wi-Fi technology can significantly improve wireless performance at airports, transport hubs, convention centers, resorts, and stadiums. The future of Wi-Fi is even more exciting. New developments by GZ6G will significantly enhance network throughput and allow for apps to reside on a venue’s network rather than the cloud. The result is much faster response and the ability to customize apps to serve local businesses, communities and users of the network.

The GZ6G total solution turns the Wi-Fi cost center into a revenue center by (a) deploying a state-of-the-art Wi-Fi broadcast network with customized software for enhanced user experience and (b) obtaining sponsors who desire exposure to consumers and businesses in high-density areas. This combination can easily justify Wi-Fi network deployment today.

Additionally, GZ6G plans to vertically integrate its operational model, providing both software and hardware as well as full support services to its customer base.

GZ6G is installing Wi-Fi networks in high-density use areas and is partnering with other technology companies and host entities (stadiums, universities, airports, resorts) for the GZ6G total solution. GZ6G has established strategic relationships with (a) network companies that are pitching the GZ6G solution; (b) established Wi-Fi networks that need upgrading; and (c) a range of potential sponsors in a variety of industries.

The Company has generated limited revenue to date and wehas ~~have~~only ~~not~~recently ~~yet~~entered ~~finished~~into ~~executing~~its ~~contracts;~~first ~~however~~strategic partnership, wesponsorship ~~are~~and inservices ~~negotiations~~agreements with two ~~different~~ large venues and one smaller ~~small~~ Enterprise client. ~~that~~We weexpect ~~hope~~to continue to finalize incontracts ~~the~~throughout ~~first~~2023 ~~quarter~~to ofexpand ~~2022;~~our ~~revenues~~revenue base. Recurring revenues will not be generated from ~~these~~ our projects until the installation of our products are complete; ~~mid~~(anticipated ~~2022~~in 2023) and sponsorship and marketing opportunities are able to be monetized.

The Company currently has four divisions that will implement actions to correspond with the above services.

Market Opportunity

GZ6G Technologies is in a unique position to grow rapidly as a smart solution provider for strategic partners in the 5G & Wi-Fi 6 industry with strategic public partners.

We have been preparing, developing and building relationships to scale 5G & Wi-Fi 6 emerging markets since winning the New York City connectivity challenge at Governors Island in the Spring of 2018. We established a s relationship with Lumen’s smart solutions consulting team (formerly CenturyLink). GZ6G is in a unique position to grow rapidly as a smart solution provider in the 5G & Wi-Fi 6 industry.

In addition, GZ6G is seeking strategic acquisition opportunities to scale revenue, leadership and customer base by expanding the customer base and product lines in four core business areas: wireless networking and managed services locations, Smart IoT Software Applications, Data Center facilities, Digital marketing Agencies opportunities. We expect to continue creating strategic partnerships that can help scalable a diverse sales force and product offering target markets local to global.

5G & Wi-Fi 6 plus is creating what’s called the (4th) next generation industrial revolution that is going to create faster and faster high-speed internet that will create more ~~innovation~~innovations opportunities that are directed at auto, delivery, entertainment, medical industry and sensors technologies.

GZ6G has been preparing, developing and building relationships to scale 5G & Wi-Fi 6 emerging markets since winning the New York City connectivity challenge at Governors Island in the Spring of 2018. We established a relationship with Lumen’s smart solutions consulting team (formerly CenturyLink) and also have a few other trusted strategic partnership opportunities. GZ6G is in a unique position to grow rapidly as a smart solution provider in the 5G & Wi-Fi 6 industry.

GZ6G plans to take advantage of early acquisition opportunities to scale the Gz6G business model. It is our belief that most of the existing industry is not preparing for the future change that’s being created by the new high-speed capabilities coming to market.

We will continue to focus on wireless infrastructure, IoT software and marketing to scale revenue opportunities, leadership and customer base by expanding the customer base and product lines in four core business areas: wireless networking and managed services locations, Smart IoT Software Applications, Data Center facilities, Digital marketing Agencies opportunities. We expect to continue creating strategic partnerships that can help scalable a diverse sales force and product offering target markets local to global.

Target Markets:

●

Cities, Airports, Stadiums, Universities, and Hospitality Markets Globally

Target Acquisitions:

●

Advertising agencies, IT Network Related Companies, IoT software applications.

Barriers to Market

With any emerging market there are any number of challenges that exist, as the market matures and flattens out. We don’t see this happening any time soon, quite the opposite over the last few years we have had a chance to figure out a few things during the development and testing periods.

Emerging Smart solutions technology Expertise –

Lack of qualified and experiences staff will number one challenge to bringing smart solutions to market.

Competitive Landscape -Telecommunication companies are talking about the 5G and Wi-Fi 6 connective speeds and required infrastructure requirements with various other technologies. Connectivity is a commodity between all of them, they are and will be looking for alternative product and service providers to differentiate themselves.

●

Overall Smart Solutions product offering

●

Diverse teams are required

Go-To-Market Strategies

Smart Solutions Technology

GZ6G technologies going forward marketing strategy for ~~2022~~2023 will primarily be focused on global strategic partners relationships where our products and services complement each other’s’ product, services and support offerings to enterprise clients.

This partnership approach reduces barriers to market lowers the risk while establishing brand value and trust with clients and customers. Access to our target markets are more receptive when working with their trusted partners at this stage of our growth.

This partnership approach reduces barriers to market lowers the risk while establishing brand value and trust with clients and customers.

~~Scaling up~~The ~~our~~Company ~~company~~will ~~divisions~~look ~~offices~~to scale up divisional offices in local markets isas ~~very much~~ part of our gomarketing toand ~~market~~support strategy going forward. ~~Local~~ ~~and~~Our ~~regional support~~plans ~~center~~include inlocal ~~the~~and ~~near~~regional ~~future~~support ~~will~~centers ~~be potentially requirement~~ for large venue city, stadium, ~~airports,~~airport ~~universities~~and university accounts.

Technology Monetization Marketing Strategy

The Green Zebra Media sponsor advertising division primarily focuses on various types of brand advertisers and agencies that represent brand advertisers that are interested in reaching targeted venue or multiple venue customers.

Certain sponsors are willing to contribute more per venue to be the exclusive sponsor for particular events or for several events, or for a period of time at one venue. Sponsorship companies are in the following industries:

Types of Venue Sponsor Industry

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Airline industry

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Technology Industry

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Healthcare Industry

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Sports Industry

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Entertainment Industry

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Hospitality industry

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Beverages

Potential Sponsorship Commitments

Potential Sponsorship opportunities are in the following industries:

Airlines

Beverages

Casinos

Hotels

Restaurants

Consumer Retail

Go-To-Market Strategies for Target Markets

GZ6G Technologies is looking at strategic acquisition opportunities that would allow for infrastructure, development and consumer target market opportunities; as well as teaming up with partnerships that can help create a diverse sales force that focuses on target markets.

University and Stadium Market

The university and stadium market is best addressed through existing commitments and partnerships; for instance, with our partner, Lumen (f/k/a CenturyLink). GZ6G Technologies total solution to Wi-Fi installations is very attractive to strategic partners. As a result, some of the strategic partners have integrated the GZ6G Technologies solutions into their product/service offerings.

Airport Market

The airport market is addressed with the direct sales force and ongoing relationships. GZ6G Technologies will leverage the relationships that key partners have with airports. The GZ6G Technologies total solution for installing, managing and monetizing Wi-Fi installations in airports is attractive to partners managing existing Wi-Fi networks.

City Market

GZ6G Technologies will address the city market with a direct sales force. GZ6G Technologies has installed a Wi-Fi network on Governors Island New York during the connectivity challenge (2018 with Fibreless). Moving forward GZ6G will continue to work alongside their partners to leverage the success of that installation to attract additional city Wi-Fi installations.

Industry Overview

Wi-Fi technology enables wireless users to use internet and telecom services in a high-density environment. Without Wi-Fi in areas where there is a high concentration of wireless users, response time degrades, phone calls get ‘dropped,’ internet connectivity may be intermittent and user experience suffers. For this reason, Wi-Fi deployment is critical for internet and telecom networks in many geographical footprints.

The market for Wi-Fi equipment worldwide iswas ~~expected to grow to~~ $15.6 billion byin 2022, according to industry research by MarketsandMarkets, Inc. This describes a compound annual growth of 21.2% through 2022. Such growth is driven by the use of wireless devices including smart phones, tablets and development of the IoT market. Approximately 67% of the worldwide wireless equipment market is in the US. MarketWatch ~~reports~~ reports the Global Wireless Connectivity market, including chips and devices will ~~reach~~reached $31.8 billion byin 2022.

The primary drivers for the deployment of Wi-Fi networks are increasing bandwidth demand from businesses, universities, smart city projects, and consumers. With the integration of more images and videos for internet users, demand for greater network bandwidth increases. The weakest link in broadband networks is the wireless connection to the end user. The latest Wi-Fi network technologies address this weak link in a cost-effective manner.

The primary constraints to deploying Wi-Fi networks has been poor-user experiences in high-density areas, security and privacy concerns. Users with multiple applications on smart phones, or with multiple devices (smart phone and tablet or laptop) place high demands on wireless networks. Bandwidth intensive applications that include video and GPS create greater demands on wireless networks.

How does the host/network manager (airport, smart city, business, university) of Wi-Fi decide to improve network capabilities? Wi-Fi networks provide critical connectivity services to users, and bandwidth demand from users creates the need to upgrade the networks. Security on Wi-Fi networks is improving, but bandwidth is lacking. Wi-Fi network users are demanding more bandwidth while traveling, when at sporting events, when spending time ‘downtown’ or in commercial districts, and when at resorts, or on university campuses.

Current Operations

GZ6G provides a total solution for high-density use areas with:

(1) state of the art Wi-Fi hardware deployment to address the requirements of all wireless users, in a specific venue

(2) custom software that enables an enhanced user experience and secure, easy network access

(3) ability to integrate security system or expand Wi-Fi footprint

(4) automatic portals for any device in the area

(5) the ability to monetize the Wi-Fi network deployment for the host entity.

GZ6G Technologies Target Markets

GZ6G is focusing on high-density use venues where (1) internet connectivity demand is high and likely to grow, (2) the host venue recognizes the benefit of providing Wi-Fi broadcasting service, and (3) venues where sponsors are interested in consumer exposure. The target venues include universities, professional sports stadiums and racetracks, airports, resorts and smart-city projects.

Hardware and Software Solutions Today

GZ6G Technologies installs state-of-the-art Wi-Fi equipment designed to meet the projected high-density use demands for the location. Equipment manufacturers may include Cisco, Cradle Point, D-Link, Juniper, Linksys. Software may include products that are customizable from Brick & Mobile, Cloud4Wi, Purple Wifi, Panasonic, Socifi, Tanaza.

Wi-Fi network installation is customized to ensure the correct internet connectivity and speed is available throughout the venue. GZ6G has developed the software tools that are customized for the host/network manager to easily manage the network through the use of dashboards, which may include integrating additional components such as a security system. The software tools (broadcasting system) allow for the host to create pop up notices to remind users of important items regarding safety, first aid, ancillary services and special offers. The network manager gathers data to understand characteristics of user demands on the network. The host/network venue manager may also design features which provide information to users to enhance their time while in the area, such as discounts to affiliated stores or restaurants, notices of services at the facility such as food outlets, retail items, special benefits to repeat customers, or notice of where emergency healthcare is available. The host venue can customize the user interface on the network and as new supplementary services become available, such as a new food venue or new emergency management procedures, the customer interface can be changed.

Company Offerings

GZ6G Technologies focus on leading wireless marketing & CRM technology smart solutions provider, offering closed loop security gateways, wireless marketing and sponsorship CRM platform solutions, and deep data analytic solutions for the hospitality, stadiums, airports, universities, and cities. This customized approach to marketing will allow clients to elevate the interaction between the venue and the consumers on their platform. The second division will work with sponsors for unique marketing opportunities within the venue and for the venue.

The future vision for the Company is the inclusion of four main divisions.

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The parent company, GZ6G Technologies, provides enterprise technology and expertise consulting together to build smarter cities and venues of the future which would oversee the operational excellence of its four existing and planned complimentary subsidiaries under the publicly listed entity.

GZ6G’s Subsidiaries and Divisions will diversify its business model by establishing 4 core areas of business expertise to support the overall GZ6G Enterprise customer smart solutions:

Green Zebra Network: Wireless networking, security managed Services;

Green Zebra Data Center Services: Tier 3 Enterprise center optimize for end users, managed services, cloud data

Green Zebra Smart Labs: Smart IOT software development services and applications

Green Zebra Media: Marketing, advertising, sponsorship services.

Green Zebra Networks (GZN) operates as a stand-alone division that offers IT Wireless networking, hardware, implementation and managing services support and solutions in local to national business. GZ6G would subcontract the GZN division when Networking and managed services related products and services are required.

FiBox Pro Appliance Gateway Solution:

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GZN provides a smart appliance Network gateway device called FiBoxPro gateway that creates a closed loop local communication and monetization service. GZN will provide the configuration and managed services. These IT technical teams will also provide technical support and communication with internal and external teams.

Green Zebra Data Center (GZDC): offering Tier 3 Enterprise data center solutions to optimize end users, managed services, cloud data.

Green Zebra Media, Corp (GZMC) operates as an independent advertising company that offers traditional advertising, digital marketing, digital advertising and sponsorship GZ6G subcontracts GZMC services when advertising and sponsorship services are required to help monetize venues and the FiBox Pro Product.

Green Zebra Smart Labs (GZSL) Division

This division will offer software development services for various types of Smart Solution cloud products and services. GZSL will integration services for third party technologies. This division will be responsible for being the leading provider for in-venue wireless venue and user engagement, marketing, advertising platforms and data analytics.

The software division develops and support various API application support services for Smart solution broadcasting systems, data analytics and artificial intelligent application needs.

Data Analytics Software development and R& D support. ~~CRM, API software development, artificial intelligence (AI), research and development (R&D) platform integration solutions and more.~~

CRM, API software development, artificial intelligence (AI), research and development (R&D) platform integration solutions and more.

Current GZ6G development projects:

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VenuTrax – an in-venue and Saas platform cloud data analytics and artificial intelligent engine used to help venue owners communicate and monetization relevant information regarding user insights.

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CastWifi – An in Venue or cloud WIFI interactive broadcasting technology that allows public venue wireless networks to broadcast live content to their user audience in a closed loop setting like a similar to IPTV technology but over Wi-Fi.

Green Zebra Media, Corp (GZMC) operates as an independent advertising company that offers traditional advertising, digital marketing, digital advertising and sponsorship services in addition to supporting GZ6G smart solutions customers and partners with agency services that include advertising, marketing, sponsorship sales agency, and platform support team; this division will be broken into two main operations.

GZ6G Technologies envisions the creation of wireless ‘fiber-speed’ networks to meet the demands of wireless consumers and businesses. High-speed wireless networks enable the establishment of Wi-Fi networks in any location to meet demands of wireless users, and expand the content capabilities of hosts and sponsors, regardless of the distance to fiber rings.

GZ6G is an IoT company made up of four different supportive channels:

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Infrastructure

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Software Development

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Cyber Security

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Data Management

We are in the process of developing a global command center that will allow us to monitor all of our venues in one central place. We will have technical engineers available in case any of the networks go down in any of the venues at any time. We will be able to remotely navigate any issues arising at the venues so that service will be virtually uninterrupted.

Practice areas can either function independently to address a client’s specific functional IoT needs, or be combined to provide brands with a holistic service offering that will handle all of their needs.

From banner and social media advertisements and advertorials, to website and shopping portal purchase engagements, and product procurement, we will support venues in all of their touch points and engagement opportunities with their end audience.

We will offer the following core services:

We define venue as our target client, it can be a point of interest within a city, or it could be the city itself. Venues are a specific geographical location, such as a city, airport, university, stadium, racetrack, casino, or hospitality location (trade center, hotel etc.). When a venue connects to the network it is called a closed loop communication solution.

Qualify – Our infrastructure team goes into a new venue to ensure that they have the right infrastructure or bandwidth in place. This also means the team will be looking at whether the venue has the appropriate Wi-Fi capabilities in place, so the equipment will sync. Qualify also means that an evaluation has been completed to ensure that the venue has the correct Wi-Fi speed so marketing materials such as videos, graphics and content will present itself correctly.

The new GZ6G Wi-Fi broadcast network facilitates the Internet of Things to function in a way that it was projected to do years ago. Several possibilities with Wi-Fi apps are as follows:

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Instantly receive best location for emergency first aid with a selected route, walking or driving. Information on where closest drinking fountain, first aid station, among other things, is located.

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Police can receive optimal path to particular location and control any security cameras in different locations.

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Consumers receive information on where street parking is available in real time and which parking structures have spaces available.

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Travelers can be notified of flight changes, allowing more restaurant time.

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Real time information on shortest food lines at a stadium.

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3-D images of museum, real-time information on lines at any venue.

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Cameras showing crowd at outdoor restaurant or parks. Control of access can change.

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Security system cameras only available to certain parties such as police or other security personnel.

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Short term restaurant or store specials when customer traffic is low.

All of this and more is possible with apps that do not require downloads from the cloud. It’s all available instantly because it is on the venue network. Each venue network can control which apps are available to which group of users, such that security cameras can be available to a select group. The possible apps are endless, and each venue network can customize its network page as it sees fit.

Our team will possess core capabilities and skill sets that help our clients execute on targeted growth plans that tap into the trillion-dollar tech market. We will serve clients across a wide range of industries and geographies.

Our growth will be through a multi-prong plan: (1) growing an in-house sales team; (2) leveraging strategic partners who are advisors to decision makers and owners of companies and will be conduits for introductions; and (3) client referrals.

We will build a core team of product developers, creative designers, sales professionals and account managers under each practice area to service existing and new clients. Our philosophy is to develop “repeatable” software platforms around common business needs that can be productized to allow for us to scale development of new projects and grow revenues without relying on building large development teams.

Our expertise is IoT; we will help companies become relevant, agile and competitive in a global consumer commerce environment. We will offer the ability for worldwide marketing and advertising through our developed software and available ~~Wi-Fi~~wifi at our venues. Consumers want to be able to shop, among other things, anytime and anywhere, and on any device; our expertise allows for us to put our brands right in front of this consumer activity.

The global information technology industry is experiencing global growth and US companies have to be prepared to be competitive on a global marketplace.

The next generation Wi-Fi broadcast networks will bring fiber-like bandwidth capabilities to a wireless network. Additional benefits of the GZ6G Wi-Fi broadcast network development is the ability to (a) wirelessly connect to fiber that may be at a distance from the facility, and (b) install high-speed bandwidth wireless to serve a community at a lower cost and much shorter deployment timeframe compared to fiber installations.

~~Operations~~Employees and Consultants

~~GZ6G~~Including ~~provides~~our CEO, President and Director, Mr. William Coleman Smith, along with our two independent Directors, we have a total ~~solution~~of ~~for~~14 ~~high-density~~full ~~use~~time employees. Mr. ~~areas~~Rohan ~~with:~~Potange continues to act as our Interim Chief Technology Officer.

~~(1) state of the art Wi-Fi hardware deployment to address the requirements of all wireless users~~Rohan Potange, inInterim aChief ~~specific~~Technology ~~venue~~Officer

~~(2)~~Rohan Potange ~~custom~~has more than 13 years of experience in technology consulting, project management, operations, finance, strategic marketing, business expansion, and innovative product development. As a software ~~that~~industry ~~enables~~expert, anhis ~~enhanced~~responsibilities ~~user~~at ~~experience~~GZ6G Technologies Corp. encompass expanding and ~~secure~~managing the teams responsible for the development of VenuTrax for GZ6G Technologies’ Green Zebra Smart Labs division. VenuTrax will be a state-of-the-art logic management solution cloud (SaaS) platform intended to provide venues the ability to directly communicate with customers using 5G & Wi-Fi 6, ~~easy~~as ~~network~~well ~~access~~as offer business intelligence such as data analytics and artificial intelligence for monetization purposes.

~~(3) ability to integrate security system or expand Wi-Fi footprint~~14

~~(4)~~Mr. Potange ~~automatic~~is ~~portals~~also the Chief Executive Officer for ~~any~~GZ6G ~~device~~Technologies inpartner, Internet Soft, a digital transformation consultancy, and software development company that provides cutting-edge engineering solutions. Internet Soft assists Fortune 500 companies and enterprise clients solve complex issues that always emerge during their digital evolution journey. Internet Soft helps Green Zebra Smart Labs scale up workforce and technologies to meet the ~~area~~demand for the emerging 5G & Wi-Fi 6 industry.

~~(5)~~Mr. Potange’s ~~the~~strong ~~ability~~communication and mentoring skills allows him to ~~monetize~~lead ~~the~~teams ~~Wi-Fi~~in ~~network~~a ~~deployment~~way ~~for~~that ~~the~~promotes ~~host~~internal ~~entity~~and external business relationships and strengthens customer confidence.

InMr. ~~addition~~Potange toreceived ~~our~~his ~~CEO,~~Master’s ~~President~~in ~~and~~Computer ~~Directors~~Science wefrom ~~currently~~Savitribai ~~have~~Phule 25Pune ~~full~~University ~~and~~located ~~part~~in ~~time~~Pune, ~~employees~~India.

The Company works with legal counsel, an accounting firm and an auditing firm on an as needed basis. The Company is looking to hire technical, marketing and software development engineers/staff as soon as finances allow. We intend to add additional staff as we grow. Any such additions will be made at the discretion of management and to meet the Company’s then current needs, all subject to having available resources to attract and retain such staff.

Key Relationships

GZ6G has several strong relationships that are mutually beneficial to both partners; partners that will leverage the GZ6G capabilities to maintain and/or grow revenue streams for both entities.

Current Partnerships

Lumen Technologies/CenturyLink

Lumen Technologies: Lumen Technologies, previously CenturyLink, is one of the largest telecommunications organizations in the country focused on using their networks at cities, stadiums and universities. As a trusted third-party solutions partner, GZ6G Technologies offers the smart solution tools and expertise required for Lumen Technology to develop long term user engagement solutions.

Brand LTD – Brand LTD is our advertising and marketing partner/creative agency.

ViTech – ViTech is one of our IPTV Solutions providers for large venues and smart cities.

Aruba Wireless – Aruba is one of the partners for which we utilize their hardware for smart venues and smart cities.

Internetsoft – Internetsoft is our software development strategic partner that works with our internal development team to scale our software development projects for smart venues and smart cities.

Marketing Strategy

We plan to market directly to sports arenas, concert venues, universities, racetracks, casinos, and to smart cities using our existing relationships as well as deploying a number of popular online marketing tactics. Additionally, we will be leveraging strategic partners who are advisors to decision makers, and owners of companies, and who will be conduits for introductions and client referrals.

GZ6G has relationships with national and regional Fortune 500 entities that are seeking targeted methods to reach existing and potential customers. These sponsors include commercial enterprises that desire to advertise or collect analytic data on users in high-density locations. National sponsors include the major network carriers, auto manufacturers, airlines, casinos, grocery stores, online retail, consumer discretionary goods and restaurant chains. Many of these seek exposure to consumers in specific areas.

With selective Wi-Fi markets, a sponsor can more effectively deploy advertising budgets. Local restaurants can advertise specials at football games. Casinos or restaurants can advertise to airport customers or smart-city users. Host entities can identify food specials at certain times when lines are low. Airports could provide flight updates in real time with notices to fliers that log in on their flight.

As the GZ6G network installation base grows, the Company will have the ability to offer sponsors a variety of venues for exposure.

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Government Contracting Opportunities/Regulation

We have registered through US Federal Contractor Registration (USFCR) which will allow us to be included in the System for Award Management (SAM) which will allow us to be included in writing government contracts. In the event we are awarded jobs through SAM, we will have to adhere to any requirements set forth by the United States Federal government.

Intellectual Property

We will regard our client lists and any intellectual property we may acquire, i.e., patents, trademarks, service marks, copyrights, and similar intellectual property that would be critical to our success, and we will rely on trademark, copyright and confidentiality and/or license agreements to protect our proprietary rights. Effective intellectual property protection may not be available in every area in which our products are made available. Furthermore, regulations governing domain names may not protect our trademarks and similar proprietary rights. We may be unable to prevent third parties from acquiring and using domain names that are similar to, infringe upon or diminish the value of our patents and other proprietary rights. We may be unable to prevent third parties from using and registering our trademarks, or trademarks that are similar to, or diminish the value of our trademark.

Competition

Telecommunication companies are talking about the 5G and Wi-Fi 6 connective speeds and required infrastructure requirements with various other technologies. Connectivity is a commodity between all of them, they are and will be looking for alternative product and service providers to differentiate themselves.

Research and Development

We charge research and development costs to operations as incurred in accordance with ASC 730-Research and Development, except in those cases in which such costs are reimbursable under customer funded contracts. These amounts are not reflected in the reported research and development expenses in each of the respective periods but are included in net sales with the related costs included in cost of sales in each of the respective periods.

Human Capital Resources

Employees and Consultants

In addition to our CEO, President and Directors we currently have 25 full and part time employees. Mr. Rohan Potange currently fills the role of Interim Chief Technology Officer.

Government Regulations

Available Information

Our principal executive offices are located at 1 Technology Drive, Bldg B, Suite B123, Irvine, CA 92618.

Our telephone number is (949) 872-1965. Our website address is www.GZ6G.com . Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 are available free of charge through the investor relations page of our website as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission. The information that is posted on or is accessible through our website is not incorporated by reference into this Annual Report on Form 10-K and should not be considered part of this or any other report that we file with or furnish to the SEC. Alternatively, these reports may be accessed at the SEC’s website at www.sec.gov

ITEM 1A – RISK FACTORS

As a smaller reporting company, we are not required to provide the information required by this Item.

For risks relating to our operations, see “Risk Factors” contained in our prospectus filed on Form S-1/A on February 177, ~~2022~~2023.

ITEM 1B – UNRESOLVED STAFF COMMENTS

Not Applicable

ITEM 2 – PROPERTIES

Our corporate headquarters is located at 1 Technology Drive, Bldg B, Suite B123, Irvine, CA 92618.

On ~~August~~May 1019, ~~2019~~2021, the Company’s ~~CEO,~~signed ~~Mr.~~an ~~William~~18-month ~~Coleman Smith, entered into a~~ lease ~~agreement~~for ~~with~~office ~~IAC~~premises ~~Apartment~~in ~~Development~~California ~~JV LLC~~located toat ~~lease~~1 ~~space~~Technology atDrive, ~~861~~Bldg. ~~Tularosa~~B, Irvine, CA ~~California~~92618, ~~for~~Suite ano. ~~one-year~~B123 ~~term~~occupying atapproximately a6,498 ~~rental~~square ~~rate~~feet of ~~$3,455~~usable ~~per~~space. The ~~month,~~terms ~~plus~~of ~~utilities, for~~ the ~~Company’s~~lease ~~subsidiary,~~provide ~~Green~~for ~~Zebra~~basic ~~Media~~monthly rent ~~Corp. Green~~in ~~Zebra will use~~ the ~~space~~first ~~for~~year ~~its~~of ~~operations. On~~approximately ~~April 1~~$9,097 per ~~2020~~month, ~~the landlord~~ and ~~the~~$9,487 for ~~Company~~each ~~agreed~~of tothe aremaining ~~rental~~six ~~deferment~~months. ~~agreement~~In toaddition, ~~defer~~ the tenant ~~rental~~is ~~costs~~responsible byfor ~~50%~~their asshare aof ~~result~~operating ofexpenses, ~~COVID-19. The~~utilities ~~monthly~~and ~~rent~~services. ~~commencing~~On ~~April~~February 14, ~~2020 was $1~~2022,~~727~~ ~~plus~~the ~~utilities.~~Company ~~The~~signed ~~rental~~a ~~deferment~~first amendment ~~ended~~to onthe ~~June~~lease 1,agreement ~~2020.~~to ~~The~~extend ~~original~~the lease ~~expired on~~term ~~August~~to 9November 30, ~~2020~~2027. ~~and~~The ~~was~~terms ~~renewed~~of onthe ~~expiry~~lease provide for ~~another~~basic ~~one-year~~monthly ~~term~~rent starting atin aDecember ~~reduced~~2022 ~~rate~~ of approximately $310,~~350~~592, ~~per~~with ~~month.~~annually Onincreasing ~~August~~around ~~16,~~4%. ~~2021~~In addition, the ~~Company renewed~~tenant ais ~~lease~~responsible for atheir share ~~further one-year term at a rental rate~~ of ~~$3,620~~operating ~~per month~~expenses, ~~plus~~ utilities, ~~for~~and ~~the Company’s subsidiary, Green Zebra Media Corp~~services.

OnWe ~~May~~had ~~19,~~a ~~2021,~~lease ~~the~~with ~~Company~~IAC ~~signed~~Apartment anDevelopment ~~18-month~~JV LLC to lease ~~for~~approximately ~~office~~1,500 ~~premises~~square infeet ~~California~~of ~~located~~space at 1861 ~~Technology Drive~~Tularosa, ~~Bldg B,~~ Irvine, CACalifornia ~~92618,~~for ~~Suite~~a ~~no.~~one-year ~~B123~~term ~~occupying~~expiring ~~approximately~~October 69,~~498~~ ~~square~~2022 ~~feet~~at ofa ~~usable~~rental ~~space. The~~rate ~~terms~~ of ~~the~~$3,620 ~~lease~~per ~~provide~~month, plus utilities, for ~~basic~~the ~~monthly~~Company’s subsidiary, ~~rent~~Green inZebra ~~the~~Media ~~first~~Corp. ~~year~~Green ofZebra ~~approximately~~uses ~~$9,097~~the ~~per~~space ~~month,~~for ~~and~~its ~~$9,487~~operations. ~~for~~Upon ~~each~~expiry of the ~~remaining~~lease ~~six~~the ~~months.~~Company Incontinues ~~addition,~~to use the ~~tenant is~~space ~~responsible~~on ~~for~~a ~~their~~month ~~share~~to ofmonth ~~operating expenses, utilities and services~~basis.

During fiscal 2020 the Company formed a partnership with one of its branding partners for shared office space in a 5,000 square foot office complex located at 8925 West Post Road, Suite 102, Las Vegas, NV 89148. The shared use of the space by Green Zebra staff is currently provided free of charge as part of the shared contract work between Green Zebra, the Company and the branding partner.

We believe our facilities are adequate for our current needs.

ITEM 3 – LEGAL PROCEEDING

On April 2, 2019, a vendor of the Company, the “Plaintiff” filed a complaint against the Company’s 60% controlled subsidiary, Green Zebra, in the Superior Court of California, Orange County for unpaid invoices related to services and products sold in fiscal 2017, including reasonable value in the amount of $61,899.62. The Court approved a default judgement on January 23, 2020 with respect to the aforementioned claim, including the following:

Damages	$	61,890
Prejudgment interest at the annual rate of 10%		9,835
Attorney fees		1,200
Other costs		505
	$	73,430

As of December 31, 2020 and March 31, 2021, the Company was unaware of the judgement. In April 2021, the Plaintiff perfected the ~~judgement~~ judgement and obtained a hold against a bank account controlled by Green Zebra in the approximate amount of $16,282, which amount was subsequently released to the Plaintiff and has been recorded as a reduction to the balance owing to the Plaintiff. The Company remitted a further $2,420 towards the outstanding balance. The Company has remitted a further $2,420 towards the outstanding balance. At December 31, 2022 and 2021, a total of $54,738 remained outstanding. The Company and the Plaintiff are currently in discussions regarding the claimed amount.

Other than as set out above, we know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

ITEM 4 – MINE SAFETY DISCLOSURE

Not Applicable

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PART II

ITEM 5 – MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our shares of common stock are quoted on the OTCQB under the symbol “GZIC”. Such quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission, and may not represent actual transactions.

The last reported sales price of our common stock on the OTCQB on ~~March~~April 1814, ~~2022~~2023 was $10.350057.

Holders

As of ~~March~~December 1831, 2022, there were 2023 stockholders of record of our common stock.

Dividends

The Company has never paid dividends on its common stock and does not anticipate that it will pay dividends in the foreseeable future. It intends to use any future earnings for the expansion of its business. Any future determination of applicable dividends will be made at the discretion of the board of directors and will depend on the results of operations, financial condition, capital requirements and other factors deemed relevant.

Securities Authorized for Issuance under Equity Compensation Plans

The Company does not have any equity compensation plans as of December 31, ~~2021~~2022.

Purchases of Equity Securities by the Issuer or Affiliated Purchasers

There were no repurchases of shares of common stock made during the year ended December 31, ~~2021~~2022.

~~Recent~~Securities ~~Sales~~Placed ofon ~~Unregistered~~Reserve ~~Securities~~Pursuant to Convertible Notes

~~There~~The ~~were~~Company nocurrently ~~sales~~has a total of ~~equity~~774,167,393 ~~securities~~shares ~~during~~of ~~the~~common ~~period~~stock ~~covered~~on byreserve ~~this~~pursuant ~~Report~~to ~~that~~obligations ~~were~~to ~~not~~Convertible ~~registered~~Notes. ~~under~~On March 1, 2023, the ~~Securities~~Company ~~Act~~filed ~~and~~a ~~were not~~Certificate ~~previously~~of ~~reported~~Amendment with the state of Nevada in aorder ~~Quarterly~~to ~~Report~~increase onthe ~~Form~~number ~~10-Q~~of orauthorized acommon ~~Current~~shares to ~~Report~~1,000,000,000, onand ~~Form~~to ~~8-K~~ensure ~~filed~~the bynumber of authorized shares would accommodate the ~~Company~~number of shares on reserve.

ITEM 6 – ~~SELECTED CONSOLIDATED FINANCIAL DATA~~[RESERVED]

~~We are a smaller reporting company and are not required to provide this information.~~18

ITEM 7 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

THE FOLLOWING DISCUSSION AND ANALYSIS SHOULD BE READ TOGETHER WITH OUR AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, ~~2021~~2022 AND ~~2020~~2021, AND THE NOTES TO THOSE AUDITED FINANCIAL STATEMENTS.

THE FOLLOWING DISCUSSION CONTAINS FORWARD-LOOKING STATEMENTS THAT INVOVLE RISKS AND UNCERTAINTIES. OUR ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS, INCLUDING, ~~THOSE~~BUT ~~DISCUSSED~~NOT INLIMITED ~~“RISK~~TO, ~~FACTORS” AND~~THOSE ~~ELSWHERE~~IDENTIFIED ~~IN THIS FORM 10K~~ AND DISCUSSED IN OUR PROSPECTUS ~~REGISTRATION STATEMENT~~ ON FORM S-1/A FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (“SEC”) ON ~~FEBRUARY17~~FEBRUARY 7, ~~2022~~2023 STARTING ON PAGE 7, “RISK FACTORS”, AND THE RISKS DISCUSSED IN OUR OTHER SEC FILINGS.

THE MANAGEMENT’S DISCUSSION AND ANALYSIS OF OUR FINANCIAL CONDITION AND RESULTS OF OPERATIONS ARE BASED UPON OUR AUDITED FINANCIAL STATEMENTS, WHICH HAVE BEEN PREPARED IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (“GAAP”).

Plan of Operations

We are an emerging smart city technology growth company that provides wireless and monetization enterprise level smart solutions to cities and large venues that require multiple types of products, services and third-party solutions to ~~fulfill~~fulfil client needs. To date we have generated modest revenues from operations, and while we have various contracts in place for future development, there is no assurance of future revenues.

GZ6G has been preparing, developing and building relationships to scale 5G & Wi-Fi 6 emerging markets since winning the New York City connectivity challenge at Governors Island in the Spring of 2018. We established a s relationship with Lumen’s smart solutions consulting team (formerly CenturyLink) and few other trusted strategic partnership opportunities. GZ6G is in a unique position to grow rapidly as a smart solution provider in the 5G & Wi-Fi 6 industry.

Results of Operations

Revenue

Fiscal Year ended December 31, ~~2021~~2022 and ~~2020~~2021:

We reported revenues of $78221,~~000~~946 and $878,~~887~~000 in the fiscal years ended December 31, ~~2021~~2022 and ~~2020~~2021, respectively. The increase in revenues in the year ended December 31, 2022 is directly related to two long term contracts entered into during the year under which the Company provides hardware installation services, professional design services and future monthly services with revenue sharing on certain sponsorship components.

Operating Expenses

Years ended December 31, ~~2021~~2022 and ~~2020~~2021

For the years ended December 31, 2021 and 2020 we had the following operating expenses:

	Year Ended December 31,
	2022			2021

NET REVENUES	$	221,946		$	78,000

OPERATING EXPENSES
Cost of revenue		18,276			43,121
Depreciation		125,424			20,429
General and administrative		2,957,041			963,068
General and administrative, related parties		480,000			330,000
Professional fees		95,509			99,099
Total operating expenses		3,676,250			1,455,717

(Loss) from operations		(3,454,304	)		(1,377,717	)

Other income (expense)
Interest expense		(7,094,839	)		(8,051,277	)
Gain (loss)		3,575,831			(714,973	)
PPP loan forgiveness		46,091			-
Total other income (expense)		(3,472,917	)		(8,766,250	)

Net income (loss)	$	(6,927,221	)	$	(10,143,967	)

Less: net income (loss) attributable to Non-controlling interest		(56,201	)		(112,359	)
Net income (loss) attributable to GZ6G Technologies Corp.	$	(6,871,020	)	$	(10,031,608	)

	Year Ended December 31,
	2021			2020
OPERATING EXPENSES
Cost of revenue	$	43,121		$	10,400
Depreciation		20,429			1,948
General and administrative		963,068			232,052
General and administrative, related parties		330,000			240,000
Professional fees		99,099			59,108
Total operating expenses		1,455,717			543,508
(Loss) from operations		(1,377,717	)		(534,621	)
Other income (expense)
Interest expense		(8,051,277	)		(3,996,466	)
Loss upon notes conversion		(714,973	)		(364,909	)
Change in fair value of derivative liability		-			(28,844	)
Total other income (expense)		(8,766,250	)		(4,390,219	)
Net income (loss)	$	(10,143,967	)	$	(4,924,840	)
Less: net income (loss) attributable to Non-controlling interest	$	(112,359	)	$	(174,896	)
Net income (loss) attributable to GZ6G Technologies Corp.	$	(10,031,608	)	$	(4,749,944	)

16Total operating expenses for the year ended December 31, 2022, were $3,676,250 as compared to $1,455,717 for the year ended December 31, 2021. During the years ended December 31, 2022 and 2021, we reported costs of revenue of $18,276 and $43,121 respectively. The Company incurred $2,957,041 and $963,068 in general and administrative expenses in the years ended December 31, 2022 and 2021, respectively and general and administrative costs from related parties of $480,000 and $330,000, respectively. General and administrative expenses include staff payroll, rent, travel, office and sundry expense, transfer agent costs, consulting, marketing, advertising and promotional expenses. The substantial increase primarily relates to new employees hired in 2022 with a total of $1,453,055 in payroll expenses for the year ended December 31, 2022 as compared to $527,778 for the year ended December 31, 2021, share based compensation to officers and directors in the current year of $65,070 as compared to $0 in the prior comparative year, investor relations expenses were $754,060 for the year ended December 31, 2022 as compared to $14,225 for the year ended December 31, 2021, advertising and promotional expenses increased substantially from $55,263 in the year ended December 31, 2021 to $118,772 for the year ended December 31, 2022, transfer agent and filing fees increased period over period as a result of equity financings in the period and associated share issuance costs from $41,204 for the year ended December 31, 2021 to $83,355 for the year ended December 31, 2022, software expenses were $59,863 for the year ended December 31, 2022 as compared to only $21,785 for the year December 31, 2021 as we worked to improve our product offerings, insurance expenses, including general, health and auto insurance were $42,799 as compared to $12,252 in December 31, 2021, and rent expense increased from $129,670 for the year ended December 31, 2021 to $220,676 for the year ended December 31, 2022. General and administrative expenses incurred from related parties include management fees charged by our CEO, William Coleman Smith, and a company controlled by him. The increase in related party administrative costs is due to increases in management fees to Mr. Smith in the year ended December 31, 2022. Professional fees in the year December 31, 2022, remained fairly constant totaling $95,509 in the current year as compared to $99,099 in the year ended December 31, 2021. Depreciation increased from $20,429, during the year December 31, 2021, to $125,424 during the year ended December 31, 2022, as a result of the acquisition of a new office space and associated furnishings and equipment.

Total operating expenses for the year ended December 31, 2021 were $1,455,717 as compared to $543,508 for the year ended December 31, 2020. During the years ended December 31, 2021 and 2020 we reported costs of revenue of $43,121 and $10,400, respectively. The Company incurred $963,068 and $232,052 in general and administrative expenses in the fiscal years ended December 31, 2021 and 2020, respectively, and general and administrative costs from related parties of $330,000 and $240,000, respectively. Year over year increases to general and administrative costs were directly related to an increase in operations and increased staffing and associated costs as we relocated to a larger facility and continued to expand our staff and operation in 2021 in order to position ourselves for the reopening of venues and services with the decline of the impact of COVID 19 towards the end of fiscal 2021. General and administrative expenses include rent, travel, office and sundry expense, transfer agent costs, consulting, marketing, advertising and promotional expenses. General and administrative expenses incurred from related parties include management fees charged by our CEO William Coleman Smith, and a company controlled by him. Professional fees in the fiscal year ended December 31, 2021 totaled $99,099 as compared to $59,108 in the fiscal year ended December 31, 2020.

Other expense

Other ~~expense~~ expense reported for the fiscal years ended December 31, ~~2021~~2022, and ~~2020~~2021 totaled $83,~~766~~472,~~250~~917 and $48,~~390~~766,~~219~~250, respectively. During the year ended December 31, 2021 the Company reported interest expenses of $8,051,277 ~~(December 31, 2020 -$3,996,466)~~ including amortization of debt discount and issuance costs of $7,823,512 ~~(December 31, 2020 -$3,953,295)~~ and interest expenses of $227,765 ~~(December~~and ~~31, 2020 - $43,171),~~ a loss on conversion of certain notes to common stock of $714,973. (During the year ended December 31, ~~2020~~2022 -the Company reported interest expenses of $~~364~~7,~~909)~~094,839 including amortization of debt discount and issuance acosts ~~loss~~of on$5,864,374, ~~the~~financing ~~change~~costs of $920,227, including fees paid in ~~fair~~cash ~~value~~as well as the issuance of warrants and ~~derivative~~common ~~liabilities~~stock to financing agents, and interest expenses of $28310,~~844~~238, ~~for~~a ~~December~~gain ~~31,~~on ~~2020~~conversion ~~with~~of nocertain ~~comparable~~notes ~~loss~~to ascommon atstock ~~December~~of $3,575,831 31and a gain of $46,091 ~~2021~~upon forgiveness of PPP loans.

~~During~~We ~~the~~had ~~year~~a ~~ended~~net ~~December~~loss ~~31, 2020 the Company reported interest expenses~~ of $36,~~996~~927,~~466~~221 in ~~including~~the ~~amortization~~year ofended ~~debt~~December ~~discount and issuance costs of $3~~31,~~953,295~~ ~~and~~2022 ~~interest~~compared ~~expenses~~to ~~of $43,171,~~ a net loss ~~on conversion~~ of ~~certain notes of~~ $~~364~~10,~~909~~143,967 ~~and~~in ~~a loss on~~ the ~~change~~year ~~in fair~~ended ~~value~~December ~~of derivative liabilities of $28~~31,~~844~~ 2021.

~~We had a net loss of $10,143,967 in the year ended December 31, 2021 compared to a net loss of $4,924,840 in the year ended December 31, 2020.~~20

Statement of Cash Flows

Years Ended December 31, ~~2021~~2022 and ~~2020~~2021

The following table summarizes our cash flows for the years presented:

	December 31, 2021			December 31, 2020
	December 31, 2022			December 31, 2021
Net cash provided by (used in) operating activities	$	(1,369,844	)	$	24,332
Net cash used in operating activities	$	(2,514,937	)	$	(1,369,844	)
Net cash used in investing activities		(~~251~~77,~~993~~909	)		(4251,~~990~~993	)
Net cash provided by financing activities		2,~~201~~340,~~084~~207			~~130~~2,~~843~~201,084
Increase in cash		579,247			150,185
Increase (decrease) in cash		(252,639	)		579,247
Cash end of year	$	~~759~~507,~~791~~152		$	~~180~~759,~~544~~791

Cash Used in Operating Activities

Cash used in operating activities for the year ended December 31, 2021 was $1,369,844 as compared to $242,~~332~~514,937 of cash ~~provided~~used byin operating activities in the year ended December 31, ~~2020~~2022.

Cash used in operating activities for the year ended December 31, ~~2021~~2022 was primarily the result of our net loss of $106,~~143~~927,~~967~~221 (December 31, ~~2020~~ 2021 – $410,~~924~~143,~~840~~967) offset by non-cash items including amortization of debt discount and offering costs of $75,~~823~~864,~~512~~ 374 (December 31, ~~2020~~2021- $37,~~953~~823,~~295~~512), a ~~loss~~gain on conversion of certain notes to common stock of $~~714~~3,~~973~~575,831 (as compared to a loss on conversion of notes for the year ended December 31, ~~2020-~~2021 of $~~364~~714,~~909~~973), ~~and~~ depreciation of $20125,~~429~~424 (December 31, ~~2020~~2021- $120,~~948~~429)~~. In~~, ~~the~~and amortization ~~fiscal~~of ~~year~~rights ~~ended~~of use assets of $20,033 (December 31, 2021 we- ~~also~~$910), ~~had~~as ~~the~~well ~~amount~~as PPP loan forgiveness of $~~910~~46,091, ~~for~~common ~~Amortization~~stock issued ofas ~~right~~financing costs of ~~use~~$22,399, ~~assets~~ and ~~$4,990~~common ~~due~~stock toissued ain ~~reclassification~~satisfaction of ~~fixed~~consulting ~~assets~~agreements toof ~~advertising~~$794,070 ~~expense~~all with no comparable ~~amounts~~transaction ~~for these items~~ in ~~the~~ fiscal ~~year~~ ~~ended December 31, 2020~~2021. In the fiscal year ended December 31, ~~2020~~2021 we ~~had~~also areported ~~fair~~$4,990 ~~value~~due ~~adjustment~~to a reclassification of ~~$28,844~~fixed assets to ~~derivative~~advertising ~~liabilities~~ expense with no comparable amounts ~~adjust~~for atthis item in the fiscal year ended December 31, ~~2021~~2022.

17Changes in operating activities in the year ended December 31, 2022 included an increase in prepaid expenses of $30,588 (2021 - $7,319), an increase to accounts payable of $387,972 (2021 - $100,264), an increase in related party payables of $237,382 (2021 - $179,659) and a decrease in customer deposits of $37,000 (2021 - $78,000). We also reported an increase in accounts receivable in the year ended December 31, 2022 of $57,845 (2021 - $0) and an increase in other current assets of $0 (2021 - $10,436).

Changes in operating activities in the year ended December 31, 2021 included an increase in prepaid expenses of $7,319 comparted to a decrease in prepaid expenses of $10,400 during the year ended December 31, 2020, an increase in other current assets in fiscal 2021 of $10,436 compared to a decrease in other current assets of $7,398 in fiscal 2020, an increase to accounts payable of $100,264 at December 31, 2021 (December 31, 2020- $84,663), and increase in related party payables of $179,659 at December 31, 2021 (December 31, 2020 -$300,715) and an decrease in customer deposits of $78,000 for December 31, 2021 compared to an increase in customer deposits of $197,000 for the fiscal year ended December 31, 2020. Fiscal year December 31, 2021 had total cash used in operating activities of $1,369,844 as compared total cash provided by operating activities of $24,332 for the fiscal year ended December 31, 2020.

Cash Used In Investing Activities

Cash used by investing activities for the years ended December 31, ~~2021~~2022 and ~~2020~~2021 related to equipment purchases and totaled $107,909 and $251,993, ~~and~~respectively offset by a credit for leasehold improvements in the year ended December 31, 2022 of $430,~~990~~000 (2021 - ~~respectively.~~$0)

Cash Provided by Financing Activities

During the year ended December 31, ~~2021~~2022, financing activities provided cash of $2,~~201~~340,~~084~~207 ~~(December 31, 2020- $130,843),~~ which was comprised of proceeds from private placements of $~~100~~151,~~000~~104, ~~(December~~proceeds ~~31,~~from ~~2020),~~the ~~subscriptions~~exercise ~~receivable~~of warrants of $~~150~~53,~~000 (December 31~~751, ~~2020 – nil),~~ proceeds from ~~convertible~~a ~~notes~~related ofparty ~~$2,108,000 (December 31, 2020 – nil) offset by repayment~~ of ~~debt of~~ $~~151~~450,~~854 (December 31~~100, ~~2020~~PPP –loan ~~nil)~~interest ~~and~~refund ~~repayments~~ of ~~loans payable of~~ $5,~~062 (December 31~~702, ~~2020~~and –proceeds ~~nil).~~from ~~During~~convertible ~~December~~notes ~~31, 2020 there were advances~~ of $501,~~000 loans payable proceeds of $89~~960,~~450~~550, ~~and~~offset by repayments of convertible ~~debts~~notes of $8281,~~607 with no comparable amounts during the fiscal year ended December 31, 2021~~000.

During the year ended December 31, 2021, financing activities provided cash of $2,201,084 which was comprised of proceeds from private placements of $100,000, subscriptions receivable of $150,000, and proceeds from convertible notes of $2,108,000, offset by repayment of debt of $151,854 and repayments of loans payable of $5,062.

Liquidity and Capital Resources

The Company has been in the start-up phase and has generated ~~modest~~limited revenues from its operations, and while we have various contracts in place for future development, there is no assurance of future revenues. As of December 31, ~~2021~~2022, the Company had a working capital ~~deficit~~ deficit of $68,~~212~~906,~~204~~205 with approximately $~~760~~507,000 of cash on hand and an accumulated deficit of $1623,~~092~~078,~~531~~343. InWhile ~~December 2020,~~ the Company ~~signed~~received proceeds ~~a convertible promissory note with a third party to provide an aggregate amount~~ of ~~$450,000~~approximately in $~~25,000 increments weekly, which was sufficient to meet operational needs and has been funded in full. During the year ended December 31, 2021, this note was amended to include an additional $~~1,~~000~~960,000 infrom ~~funding,~~certain ~~payable~~convertible ~~over 90 business days commencing April 16~~notes, ~~2021,~~proceeds of ~~which an~~approximately ~~amount of~~ $~~600~~53,000 ~~has~~from ~~been~~warrant ~~received~~exercises, ~~against~~proceeds from the ~~$1,000,000~~sale ~~funding as~~ of ~~December~~registered ~~31,~~stock ~~2021.~~of ~~Further~~approximately ~~prior to December 31, 2021, the Company has received an additional~~ $1151,~~108,~~000 inand ~~funding~~loans ~~with~~from ~~respect~~its toofficer ~~net~~and ~~proceeds~~director of $1450,~~008,000 from certain convertible notes and $~~100,~~000~~ ~~in proceeds with respect to~~ the ~~sale~~Company ofis ~~certain registered shares issued in consideration for put notices under~~still annot ~~equity~~able ~~line~~to ~~entered~~meet ~~into~~its inoperational ~~fiscal 2021~~overhead. The Company anticipates a need for a further $5,000,000 in fiscal ~~2022~~2023 to meet its ~~upgraded~~ upgraded infrastructure requirements and has filed ~~two~~a registration ~~statements~~statement on Form S-1 to facilitate this requirement~~, one of which was deemed effective on September 24, 2021, and the other still pending notice of effect~~. The issuance of ~~additional~~ additional securities may continue to result in significant dilution in the equity interests of our current stockholders. Obtaining loans, assuming these loans would be available, will increase our liabilities and future cash commitments. There is no assurance that we will be able to obtain further funds required for our continued operations or that additional financing will be available for use when needed or, if available, that it can be obtained on commercially reasonable terms.

1821

Covid-19 Pandemic: The COVID-19 pandemic could have a continuing adverse impact on our existing sponsorship and revenue agreements. During 2021 the implementation of services under certain of our installation agreements experienced delays as a result of the pandemic. COVID-19 has caused significant disruptions to the global financial markets, which may also continue to impact our ability to raise additional capital. During March 2020, we gave notice of furlough to our administrative support employees in an effort to conserve resources as we evaluate our business development efforts in the coming months. In April 2020, the Company received a grant of $6,000 and in May 2020 we received a PPP loan and an SBA loan in the approximate cumulative amount of $90,000 for operations. During early 2022 the Company reopened its offices and continued with the hiring of additional staff as well as the upgrading of infrastructure requirements to meet anticipated customer requirements for 2022. While recent progress in the battle against COVID leads us to believe that the worst of the effects of the pandemic are past, we cannot say with certainty that the situation will not change. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report, is highly uncertain and still subject to change. While significant uncertainty remains, despite the fact that the Company has been able to source financing, it remains that the COVID-19 outbreak may have a negative impact on its ability to work through its collaborative development efforts with industry partners, and in acquiring venues due to the continuing impact of COVID 19, in particular as a result of the impact to the global supply chain.

The COVID-19 pandemic could have a continuing adverse impact on our existing sponsorship and revenue agreements. During 2021 the implementation of services under certain of our installation agreements experienced delays as a result of the pandemic. COVID-19 has caused significant disruptions to the global financial markets, which may also continue to impact our ability to raise additional capital. During March 2020, we gave notice of furlough to our administrative support employees in an effort to conserve resources as we evaluate our business development efforts in the coming months. In April 2020, the Company received a grant of $6,000 and in May 2020 we received a PPP loan and an SBA loan in the approximate cumulative amount of $90,000 for operations. During early 2022 the Company reopened its offices and continued with the hiring of additional staff as well as the upgrading of infrastructure requirements to meet anticipated customer requirements for 2022. While recent progress in the battle against COVID leads us to believe that the worst of the effects of the pandemic are past, we cannot say with certainty that the situation will not change. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report, is highly uncertain and still subject to change. While significant uncertainty remains, despite the fact that the Company has been able to source financing, it remains that the COVID-19 outbreak may have a negative impact on its ability to work through its collaborative development efforts with industry partners, and in acquiring venues due to the continuing impact of COVID 19, in particular as a result of the impact to the global supply chain.

Going Concern

These audited consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. AsThe ~~of December 31, 2021, the~~ Company ~~had~~anticipates a ~~working capital~~need ~~deficit~~for ~~of $6,212,204 with approximately $760,000 of cash on hand and an accumulated deficit of $16,092,531. In December 2020, the Company signed~~ a ~~convertible~~further ~~promissory note with a third party to provide an aggregate amount of~~ $~~450,000~~5 million in ~~$25,000 increments~~ ~~weekly,~~fiscal ~~which~~2023 ~~was sufficient~~ to meet ~~operational~~its ~~needs~~upgraded ~~and~~infrastructure ~~has been funded in full~~requirements. ~~During~~In ~~the~~addition ~~year ended December 31, 2021, this note was amended~~ to ~~include~~the anremaining ~~additional $1,000,000 in~~ funding, ~~payable over 90 business days commencing April 16, 2021, of~~ which anmay ~~amount of~~be ~~$600,000~~provided ~~has been received against the $1,000,000 funding as of December 31, 2021. Further prior~~ to ~~December 31, 2021,~~ the Company ~~has~~under ~~received~~various anloan ~~additional $1~~agreements,~~108,000~~ inthe ~~funding~~Company ~~with~~is ~~respect to net proceeds of $1,008,000 from certain convertible notes and $100,000~~ in ~~proceeds with respect to~~ the ~~sale~~process of ~~certain~~filing ~~registered shares issued in consideration for put notices under an equity line entered into in fiscal 2021. The Company anticipates~~ a ~~need~~follow-on ~~for a further $5,000,000 in fiscal 2022 to meet its upgraded infrastructure requirements and has filed two~~ registration ~~statements~~statement on Form S-1 to facilitate ~~this~~additional funding ~~requirement,~~up ~~one~~to ofa ~~which~~maximum ~~was~~of ~~deemed~~$10,000,000. ~~effective~~There onis ~~September 24,~~no ~~2021,~~guarantee ~~and~~ the ~~other~~Company ~~still~~will ~~pending~~continue ~~notice~~to ofreceive ~~effect~~financing as required. The continuation of the Company as a going concern is dependent upon the ability to raise additional equity and/or debt financing and the attainment of profitable operations from the Company’s future business. If the Company is unable to obtain adequate capital as needed, the Company may be required to reduce the scope, delay, or eliminate some or all of its planned operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

Off Balance Sheet Arrangements

We currently have no off-balance sheet arrangements.

Critical Accounting Policies and Estimates

The ~~preparation~~financial statements are prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”). The preparation of ~~our~~these financial statements requires ~~management~~us to make estimates and assumptions that affect the reported amounts of assets ~~and~~, liabilities, revenues, costs and ~~the~~expenses ~~disclosure~~and ofrelated ~~contingent~~disclosures. ~~assets~~We ~~and~~base ~~liabilities~~our atestimates ~~the~~on ~~date~~historical ofexperience, ~~the~~as ~~financial~~appropriate, ~~statements~~ and ~~the~~on ~~reported amounts~~various ofother ~~revenues~~assumptions ~~and~~that ~~expenses~~we ~~during~~believe ~~the~~are ~~reporting~~reasonable ~~period.~~under Onthe ancircumstances. ~~on-going~~Changes ~~basis,~~in ~~management~~the ~~evaluates~~accounting ~~its~~ estimates ~~and~~are ~~judgments~~reasonably ~~which~~likely ~~are~~to ~~based~~occur onfrom ~~historical~~period ~~experience~~to ~~and~~period. onAccordingly, ~~various~~actual ~~other~~results ~~factors~~could ~~that~~differ ~~are~~significantly ~~believed~~from tothe beestimates ~~reasonable~~made ~~under~~by ~~the~~our ~~circumstances~~management. ~~The~~We ~~results of~~evaluate ~~their~~our ~~evaluation~~estimates ~~form~~and ~~the~~assumptions ~~basis~~on ~~for~~an ~~making~~ongoing ~~judgments~~basis. ~~about~~To the ~~carrying~~extent ~~values~~that ofthere ~~assets~~are ~~and~~material ~~liabilities.~~differences ~~Actual~~between ~~results~~these ~~may~~estimates ~~differ~~and ~~from~~actual ~~these~~results, ~~estimates~~our ~~under~~future ~~different~~financial ~~assumptions~~statement ~~and~~presentation, ~~circumstances.~~financial ~~Our~~condition, ~~significant~~results ~~accounting~~of ~~policies~~operations ~~are~~and ~~more~~cash ~~fully~~flows ~~discussed~~will inbe ~~the~~affected. ~~Notes~~See toNote ~~our~~2 ~~Financial~~– ~~Statements~~Summary of Significant Accounting Policies.

Due to the COVID-19 pandemic, there has been uncertainty and disruption in the global economy and financial markets. The estimates used for, but not limited to, the collectability of accounts receivable and fair value of financial instruments could be impacted. We have assessed the impact and are not aware of any specific events or circumstances that required an update to our estimates and assumptions or materially affected the carrying value of our assets or liabilities as of the date of issuance of this Annual Report on Form 10-K. These estimates may change as new events occur and additional information is obtained. Actual results could differ materially from these estimates under different assumptions or conditions.

Policies

Revenue Recognition

We recognize revenue from installation, digital marketing, sponsorship and advertising fees and the sale of WiFi and communication solutions to customers. Our policy is to record revenue from installation services upon reaching identified milestones, “percentage of completion” as set out in our customer agreements. Revenue from marketing, sponsorship and advertising is recognized when the performance obligation is complete. Recurring revenue from WiFi and communication solutions is recognized monthly in accordance with the terms of the contract with the customer.

Research and Development Costs

WeOur policy is to charge research and development costs to operations as incurred in accordance with ASC 730-Research and Development, except in those cases in which such costs are reimbursable under customer funded contracts., ~~These amounts are not reflected~~ in ~~the~~which ~~reported~~case ~~research and~~these ~~development~~amounts ~~expenses in each of the respective periods but~~ are included in net sales with the related costs included in cost of sales in each of the respective periods.

Estimates

Stock-Based Compensation

We ~~account~~use ~~for stock-based transactions in which~~ the ~~Company receives services from employees, directors or others in exchange for equity instruments based on the~~ fair value ofmethod ~~the~~to ~~award~~account atfor ~~the grant date in accordance with ASC 718 – Compensation-~~Stock ~~Compensation. Stock~~-based compensation cost for stock options or warrants, is estimated at the grant date based on each instrument’s fair value as calculated by the Black-Scholes option pricing model. We recognize stock-based compensation cost as expense ratably on a straight-line basis over the requisite service period for the award.

Stock Settled Debt

In certain instances, the Company will issue convertible notes which contain a provision in which the price of the conversion feature is priced at a fixed discount to the trading price of the Company’s common shares as traded in the over-the-counter market. In these instances, the Company records a liability, in addition to the principal amount of the convertible note, as stock-settled debt for the fixed value transferred to the convertible note holder from the fixed discount conversion feature. As of December 31, 2021, and December 31, 2020, the Company had recorded within Convertible Notes, net of discount, the amount of $8,320,525 and $164,104 for the value of the stock settled debt for certain convertible notes.

Recent Accounting Pronouncements

In August 2020, the FASB issued ASU 2020-06 to simplify the current guidance for convertible instruments and the derivatives scope ~~exception~~ exception for contracts in an entity’s own equity. Additionally, the amendments affect the diluted EPS calculation for instruments that may be settled in cash or shares and for convertible instruments. The update also provides for expanded disclosure requirements to increase transparency. For SEC filers, excluding smaller reporting companies, this update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted. For all other entities, this ~~Update~~update is effective for fiscal years beginning after December 15, 2023, including interim periods therein. The Company adopted this ASU effective January 1, 2021.

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

Since inception, we have had no changes in or disagreements with our accountants. Our audited financial statements have been included in this prospectus in reliance upon Pinnacle Accountancy Group of Utah (a dba of Heaton & Company, PLLC), as experts in accounting and auditing.

ITEM 7A- QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT ~~MARET~~MARKET RISK

We are a smaller reporting company and are not required to provide this information.

2023

ITEM 8 – FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA

FINANCIAL STATEMENTS TABLE OF CONTENTS

GZ6G TECHNOLOGIES CORP.

TABLE OF CONTENTS FOR AUDITED FINANCIAL STATEMENTS

December 31, ~~2021~~2022 and ~~2020~~2021

	Page
Report of Independent Registered Public Accounting Firm (PCAOB ID No. 6117)	F-2 - F-3
Consolidated Balance Sheets	F-4
Consolidated Statements of Operations	F-5
Consolidated Statement of Changes in Stockholders’ Deficit	F-6
Consolidated Statements of Cash Flows	F-7
Notes to Consolidated Financial Statements	F-8 to F-2726

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders

GZ6G Technologies Corp.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of GZ6G Technologies Corp. (the Company) as of December 31, ~~2021~~2022 and ~~2020~~2021, and the related consolidated statements of operations, stockholders’ deficit, and cash flows for the years then ended, and the related notes (collectively referred to as the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as December 31, ~~2021~~2022 and ~~2020~~2021, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

~~Consideration of the Company’s Ability to Continue as a~~ Going Concern Considerations

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has suffered recurring losses and ~~has~~negative a working capital ~~deficit~~ which raises substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are described in Note 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

F-2

Going Concern – Disclosure

The consolidated financial statements of the Company are prepared on a going concern basis, which assumes that the Company will continue in operation for the foreseeable future and, accordingly, will be able to realize its assets and discharge its liabilities in the normal course of operations. As noted in “~~Consideration of the Company’s Ability to Continue as a~~ Going Concern Considerations” above, the Company has a ~~history~~negative ofworking ~~recurring~~capital ~~net~~and ~~losses,~~ has a ~~significant~~history ~~accumulated~~of ~~deficit~~recurring ~~and currently has~~ net ~~working capital deficit~~losses. The Company has contractual obligations, such as commitments for repayments of accounts payable and accrued ~~notes~~expenses, ~~payable~~leases, related party payables, related party debt and ~~accrued~~convertible ~~interest~~notes payable (collectively “obligations”). Currently, management’s forecasts and related assumptions illustrate their judgements as to the Company’s ability to meet its ~~the~~ obligations through management of expenditures, ~~obtaining~~implementation ~~additional~~of ~~financing~~planned ~~through~~business ~~loans~~operations, ~~from~~obtaining ~~related~~additional ~~and~~debt ~~unrelated parties~~financing, and ~~private~~issuance ~~placements~~ of capital stock for additional funding to meet its operating needs. Should there be constraints on the ability to implement its planned business operations or access financing through stock issuances, the Company will continue to manage cash outflows and meet the obligations through ~~related~~debt ~~and unrelated party loans~~financing.

We identified management’s assessment of the Company’s ability to continue as a going concern as a critical audit matter. Management made judgments toregarding ~~conclude that it is probable that~~ the Company’s ~~plans~~ability ~~will~~to be effectively ~~implemented~~implement ~~and~~its ~~will~~plans to provide the necessary cash flows to fund the Company’s obligations as they become due. Specifically, the judgments with the highest degree of impact and subjectivity in determining ~~it is probable that~~ the Company’s ~~plans~~ability ~~will~~to be effectively ~~implemented~~implement it include its ability to manage expenditures, its ability to access funding from the capital market, ~~and~~its ~~obtain~~ability ~~loans~~to ~~from~~obtain ~~related~~debt financing, and ~~unrelated~~the ~~parties~~successful implementation of its planned business operations. Auditing the judgments made by management required a high degree of auditor judgment and an increased extent of audit effort.

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the ~~financial~~consolidated financial statements. These procedures included the following, among others: ~~(i)~~ evaluating the ~~probability that the~~ Company’s ~~will~~ability beand ~~able~~intent to: ~~access~~(i) access funding from the capital market; (ii) ~~evaluating the probability that the Company will be able to~~ manage expenditures, and (iii) ~~evaluating the probability that the Company will be able to~~ obtain ~~loans~~debt ~~from related and unrelated parties~~financing.

/s/ Pinnacle Accountancy Group of Utah

We have served as the Company’s auditor since 2019.

Pinnacle Accountancy Group of Utah

(a dba of Heaton & Company, PLLC)

Farmington, Utah

~~March~~April 2517, ~~2022~~2023

F-3

GZ6G TECHNOLOGIES CORP.

CONSOLIDATED BALANCE SHEETS

	December 31, 2021			December 31, 2020
	December 31, 2022			December 31, 2021
ASSETS
Current assets
Cash	$	~~759~~507,~~791~~152		$	~~180~~759,~~544~~791
Accounts receivable, net		259,~~000~~845			2,000
Prepaid expenses		1849,~~586~~174			1118,~~267~~586
Subscription receivable		-			150,000
Other current assets		15,949			15,949
Other current assets		15,949			5,513
Total current assets		632,120			796,326
Total current assets		796,326			349,324
Property and equipment, net		187,661			235,176
Property and equipment, net		235,176			8,602
Right of use assets		552,951			98,093
Right to use assets		98,093			-
TOTAL ASSETS	$	1,372,732		$	1,129,595
TOTAL ASSETS	$	1,129,595		$	357,926
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued expenses	$	~~335~~565,~~037~~857		$	~~234~~335,~~773~~037
Related party payables		~~179~~417,~~769~~151			~~110~~179,769
Deferred revenue		~~209~~172,000			~~287~~209,000
Debt, current portion		443,~~156~~767			344,~~768~~156
Debt, related party		1,065,725			1,217,579
Debt, related parties		1,440,825			1,065,725
Convertible notes, net of debt discount		56,~~075~~847,~~840~~121			525,~~740~~075,840
Lease liability		99,003			-
Lease liability, current portion		91,604			99,003
Total current liabilities		79,~~008~~538,~~530~~325			17,~~795~~008,~~970~~530
Debt, net of current portion		44,000			8944,~~450~~000
Total liabilities		7,052,530			1,885,420
Lease liability, net of current portion		482,290			-
Total liabilities		10,064,615			7,052,530
Stockholders’ deficit
Series A Preferred stock, $0.004 par, 10,000,000 shares authorized, 5,000,000 shares issued and outstanding		20,000			20,000
Series B Preferred stock, $0.001 par, 1 share authorized, 1 issued and outstanding		-			-
Series B Preferred stock, $0.001 par, 1 share authorized, 1 share issued and outstanding		-			-
Common stock, $0.001 par, 500,000,000 shares authorized, 25,177,973 and 12,793,357 shares issued and outstanding as at December 31, 2021 and December 31, 2020, respectively		25,178			12,793
Common stock, $0.001 par, 1,000,000,000 shares authorized, 70,837,511 and 25,177,973 shares issued and outstanding at December 31, 2022 and 2021, respectively		70,837			25,178
Additional paid in capital		1014,~~784~~896,~~308~~922			510,~~180~~784,~~816~~308
Accumulated deficit		(1622,~~092~~963,~~531~~551	)		(616,~~060~~092,~~923~~531	)
Total GZ6G Technologies Corp stockholders’ deficit		(57,~~263~~975,~~045~~792	)		(~~847~~5,~~314~~263,045	)
Non-controlling interest		(~~659~~716,~~890~~091	)		(~~680~~659,~~180~~890	)
Total stockholders’ deficit		(58,~~922~~691,~~935~~883	)		(15,~~527~~922,~~494~~935	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	1,~~129~~372,~~595~~732		$	~~357~~1,~~926~~129,595

The accompanying notes are an integral part of these ~~audited~~ consolidated financial statements

F-4

GZ6G TECHNOLOGIES CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS

	Year Ended December 31,
	2021			2020
	2022			2021
NET REVENUES	$	78221,~~000~~946		$	878,~~887~~000
OPERATING EXPENSES
Cost of revenue		4318,~~121~~276			1043,~~400~~121
Depreciation		20125,~~429~~424			120,~~948~~429
General and administrative		~~963~~2,~~068~~957,041			~~232~~963,~~052~~068
General and administrative, related parties		~~330~~480,000			~~240~~330,000
Professional fees		9995,~~099~~509			5999,~~108~~099
Total operating expenses		13,~~455~~676,~~717~~250			~~543~~1,~~508~~455,717
(Loss) from operations		(13,~~377~~454,~~717~~304	)		(~~534~~1,~~621~~377,717	)
Other income (expense)
Interest expense		(87,~~051~~094,~~277~~839	)		(38,~~996~~051,~~466~~277	)
Loss on note conversion		(714,973	)		(364,909	)
Gain (loss) on debt extinguishment		3,575,831			(714,973	)
Change in fair value of derivative liability		-			(28,844	)
PPP loan forgiveness		46,091			-
Total other income (expense)		(83,~~766~~472,~~250~~917	)		(48,~~390~~766,~~219~~250	)
Net income (loss)	$	(106,~~143~~927,~~967~~221	)	$	(410,~~924~~143,~~840~~967	)
Less: net income (loss) attributable to Non-controlling interest		(~~112~~56,~~359~~201	)		(~~174~~112,~~896~~359	)
Net income (loss) attributable to GZ6G Technologies Corp.	$	(106,~~031~~871,~~608~~020	)	$	(410,~~749~~031,~~944~~608	)
Basic and diluted net loss per common share	$	(0.4919	)	$	(0.8449	)
Weighted average shares, basic and diluted		2036,~~473~~074,~~723~~745			520,~~670~~473,~~970~~723

The accompanying notes are an integral part of these ~~audited~~ consolidated financial statements

F-5

GZ6G TECHNOLOGIES CORP.

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT

	Series A Preferred Stock				Series B Preferred Stock				Common Stock				Additional Paid-in			Accumulated			Non- controlling			Total Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Capital			Deficit			Interest			Deficit
Balance, December 31, 2019		5,000,000	$	20,000		1	$	-		4,799,111	$	4,799	$	273,656		$	(1,310,979	)	$	(505,284	)	$	(1,517,808	)
Derivative liability reclassed upon debt paid		-		-		-		-		-		-		10,584			-			-			10,584
Issuance of common stock for debt conversion		-		-		-		-		7,394,246		7,394		4,747,176			-			-			4,754,570
Issuance of common stock for private placement		-		-		-		-		600,000		600		149,400			-			-			150,000
Net income (loss)		-		-		-		-		-		-		-			(4,749,944	)		(174,896	)		(4,924,840	)
Balance, December 31, 2020		5,000,000	$	20,000		1	$	-		12,793,357	$	12,793	$	5,180,816		$	(6,060,923	)	$	(680,180	)	$	(1,527,494	)
Shares issued to acquire additional interest in subsidiary		-		-		-				10,000,000		10,000		(142,649	)		-			132,649			-
Fair value of beneficial conversion feature of convertible notes issued		-		-		-		-		-		-		504,027			-			-			504,027
Fair value of convertible debt warrants issued		-		-		-		-		-		-		503,973			-			-			503,973
Warrants issued as financing cost		-		-		-		-		-		-		25,141			-			-			25,141
Issuance of common stock for debt conversion		-		-		-		-		2,051,282		2,052		4,613,333			-			-			4,615,385
Issuance of common stock for private placement		-		-		-		-		333,334		333		99,667			-			-			100,000
Net income (loss)		-		-		-		-		-		-		-			(10,031,608	)		(112,359	)		(10,143,967	)
Balance, December 31, 2021		5,000,000	$	20,000		1	$	-		25,177,973	$	25,178	$	10,784,308		$	(16,092,531	)	$	(659,890	)	$	(5,922,935	)

For the Years Ended December 31, 2022 and 2021

The accompanying notes are an integral part of these audited consolidated financial statements


	Series A Preferred Stock				Series B Preferred Stock				Common Stock				Additional Paid-in			Accumulated			Non- controlling			Total Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Capital			Deficit			Interest			Deficit
Balance, December 31, 2020		5,000,000	$	20,000		1	$	-		12,793,357	$	12,793	$	5,180,816		$	(6,060,923	)	$	(680,180	)	$	(1,527,494	)

Shares issued to acquire additional interest in subsidiary		-		-		-				10,000,000		10,000		(142,649	)		-			132,649			-
Discount on debt, convertible notes issued		-		-		-		-		-		-		504,027			-			-			504,027
Convertible note proceeds allocated to warrants		-		-		-		-		-		-		503,973			-			-			503,973
Warrants issued as financing cost		-		-		-		-		-		-		25,141			-			-			25,141
Issuance of common stock for debt conversion		-		-		-		-		2,051,282		2,052		4,613,333			-			-			4,615,385
Issuance of common stock for private placement		-		-		-		-		333,334		333		99,667			-			-			100,000
Loss during the period		-		-		-		-		-		-		-			(10,031,608	)		(112,359	)		(10,143,967	)
Balance, December 31, 2021		5,000,000	$	20,000		1	$	-		25,177,973	$	25,178	$	10,784,308		$	(16,092,531	)	$	(659,890	)	$	(5,922,935	)

Discount on debt, convertible notes issued				-										792,824									792,824
Convertible note proceeds allocated to warrants				-										606,142									606,142
Warrants issued as financing cost				-										707,985									707,985
Shares issued as financing cost										10,769		11		22,388									22,399
Shares issued under consulting agreements				-						4,952,463		4,952		789,118									794,070
Issuance of common stock for debt conversion				-						31,981,397		31,981		937,767									969,748
Issuance of common stock for debt, related party				-						2,500,000		2,500		57,750									60,250
Sale of common stock under equity agreement										4,747,662		4,748		146,356									151,104
Issuance of common stock for exercise of warrants				-						560,000		560		53,191									53,751
Issuance of common stock for cashless exercise of warrants				-						907,247		907		(907	)								-
Loss during the period				-													(6,871,020	)		(56,201	)		(6,927,221	)
Balance, December 31, 2022		5,000,000	$	20,000		1	$	-		70,837,511	$	70,837	$	14,896,922		$	(22,963,551	)	$	(716,091	)	$	(8,691,883	)

The accompanying notes are an integral part of these consolidated financial statements

F-6

GZ6G TECHNOLOGIES CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2021			2020
	2022			2021
Cash flows from operating activities:
Net Loss		(106,~~143~~927,~~967~~221	)		(410,~~924~~143,~~840~~967	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount and issuance cost		7,823,512			3,953,295
PPP loan forgiveness		(46,091	)		-
Financing cost		25,141			-
(Gain) loss upon note conversions		(3,575,831	)		714,973
Fair value adjustments to derivative liability		-			28,844
Amortization of debt discount and issuance cost		5,864,374			7,823,512
Loss upon notes conversion		714,973			364,909
Warrants issued as financing cost		707,985			25,141
Depreciation		20,429			1,948
Common stock issued as financing cost		22,399			-
Amortization of right of use assets		910			-
Common stock issued under consulting agreement		794,070			-
Fixed assets reclassify to advertising expense		4,990			-
Depreciation		125,424			20,429
Amortization of right of use assets		20,033			910
Fixed assets reclassify to advertising expense		-			4,990
Changes in operating assets and liabilities:
Decrease prepaid expenses		(7,319	)		10,400
Increase in accounts receivable		(57,845	)		-
(Increase) decrease in other current assets		(10,436	)		7,398
Increase in prepaid expenses		(30,588	)		(7,319	)
Increase (decrease) in accounts payable and accrued expenses		100,264			84,663
Increase in other current assets		-			(10,436	)
Increase in related party payables		179,659			300,715
Increase in accounts payable and accrued expenses		387,972			100,264
Increase (decrease) in customer deposits		(78,000	)		197,000
Increase in related party payables		237,382			179,659
Net cash provided by (used in) operating activities		(1,369,844	)		24,332
Decrease in deferred revenue		(37,000	)		(78,000	)
Net cash provided by (used in) operating activities		(2,514,937	)		(1,369,844	)
Cash Flows from Investing Activities:
Purchase of equipment		(251,993	)		(4,990	)
Proceeds from credit for leasehold improvements		30,000			-
Net cash used in investing activities		(251,993	)		(4,990	)
Purchase of equipment		(107,909	)		(251,993	)
Net cash used in investing activities		(77,909	)		(251,993	)
Cash flows from financing activities:
Advances		-			50,000
Proceeds from sale of common stock, net		151,104			100,000
Proceeds from private placement		100,000			-
Proceeds from exercise of warrants		53,751			-
Proceeds from subscription receivable		~~150,000~~-			-150,000
(Repayment) of debt, related party		(151,854	)		-
Proceeds from related party		450,100			-
Proceeds from loan payable		-			89,450
Repayment of debt, related party		-			(151,854	)
(Repayment) of loan payable		(5,062	)		-
Refund from PPP loan		5,702			-
Proceeds from convertible notes		2,108,000			-
Repayment of loan payable		-			(5,062	)
Repayments to convertible notes		-			(8,607	)
Proceeds from convertible notes		1,960,550			2,108,000
Net cash provided by financing activities		2,201,084			130,843
Repayments of convertible notes		(281,000	)		-
Net increase in cash		579,247			150,185
Net cash provided by financing activities		2,340,207			2,201,084
Cash-beginning of period		180,544			30,359
Net increase (decrease) in cash		(252,639	)		579,247
Cash-end of period	$	759,791		$	180,544
Cash-beginning of year		759,791			180,544
Cash-end of year	$	507,152		$	759,791
SUPPLEMENTAL DISCLOSURES
Interest paid	$	131,~~393~~781		$	1,393
Income taxes paid	$	-		$	-
NON-CASH INVESTING AND FINANCING ACTIVITIES
Balance of payable to related parties converted to debt, related parties	$	-		$	1,217,579
Stock-settled debt liability for issued convertible debt	$	566,317		$	11,129,908
Stock-settled debt liability	$	11,129,908		$	1,204,000
Cashless warrant exercise	$	907		$	-
Conversion of debt into common stock	$	400,000		$	310,558
Shares issued to settle debt, related party	$	75,000		$	-
Stock issued under subscription receivable	$	-		$	150,000
Shares issued under notices of conversion, principal	$	510,851		$	400,000
Initial measurement of right to use assets and lease liability	$	157,462		$	-
Shares issued under notices of conversion, accrued interest payable	$	124,742		$	-
Beneficial conversion feature discount recorded	$	1,008,000		$	-
Shares issued under notices of conversion, accounts payable	$	32,408		$	-
Shares issued under notices of conversion, stock-settled debt liability	$	3,562,826
Initial measurement of right to use assets and lease liability	$	645,441		$	157,462
Debt discount related to convertible notes and warrants	$	1,398,966		$	1,008,000

The accompanying notes are an integral part of these ~~audited~~ consolidated financial statements

F-7

GZ6G TECHNOLOGIES CORP.

NOTES TO THE ~~AUDITED~~CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~DECEMBER~~For the Years Ended December 31, ~~2021~~2022 ~~AND~~and ~~2020~~2021

NOTE 1: ORGANIZATION AND DESCRIPTION OF BUSINESS

GZ6G Technologies Corp. (formerly Green Zebra International Corp.) (the “Company” or “GZ6G”) is a complete enterprise smart solutions provider for large venues and cities. Focused on acquiring smart city solutions, developing innovative products, and overseeing smart cities and smart venues, GZ6G also assists in modernizing clients with innovative wireless IoT technology for the emerging 5G and Wi-Fi 6 marketplaces. Target markets include stadiums, airports, universities, and smart city projects. The Company is organized under the laws of the State of Nevada and has offices in California and Nevada.

In November 2018, the Company changed its name from NanoSensors, Inc. to Green Zebra International Corp. following a merger with Green Zebra Media Corp., a Delaware corporation, under common control.

The Board of Directors approved a name change and a reverse stock split of the Company’s issued and outstanding common shares at a ratio of 200 to 1 on December 18, 2019. The accompanying financial statements, and all share and per share information contained herein has been retroactively restated to reflect the reverse stock split. On December 20, 2019, the Company changed its name from Green Zebra International Corp. to GZ6G Technologies Corp.

On August 6, 2021, Mr. William Ray ~~Procniak~~Procanik and Mr. Brian Scott Hale were appointed to the Company’s board of directors and concurrently the Company formed an audit committee, which each of Mr. Hale and Mr. ~~Procniak~~Procanik joined, serving as independent board members. Concurrently the Company completed an application for an uplist to the OTCQB and submitted the required disclosure through OTCMarkets. The Company was approved for trading on the OTCQB Venture Market on October 25, 2021.

Going Concern

These audited consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of December 31, ~~2021~~2022, the Company had a working capital deficit of $~~6,212,204~~ 8.9 million with approximately $~~760,000~~0.5 million of cash on hand and an accumulated deficit of $~~16,092,531.~~23 In December 2020, the Company signed a convertible promissory note with a third party to provide an aggregate amount of $450,000 in $25,000 increments weekly, which was sufficient to meet operational needs and has been funded in fullmillion. During the year ended December 31, ~~2021,~~2022 ~~this~~the ~~note was~~Company ~~amended~~received tonet ~~include~~cash anproceeds ~~additional~~of $1~~,000,000~~.96 inmillion by ~~funding,~~way ~~payable~~of ~~over~~a 90series ~~business days commencing April 16, 2021,~~ of ~~which~~convertible ~~an amount~~promissory ofnotes and $~~600,000~~0.45 ~~has~~million in ~~been received against~~ the ~~$1,000,000~~form ~~funding as~~ of ~~December~~related ~~31,~~party ~~2021~~loans. ~~Further~~The ~~prior~~Company toanticipates ~~December~~a ~~31,~~need ~~2021,~~for ~~the~~a ~~Company has~~further ~~received an additional~~ $~~1,108,000~~5 million in ~~funding~~fiscal 2023 ~~with respect~~ to ~~net~~meet ~~proceeds~~its ofupgraded ~~$1,008,000~~infrastructure ~~from~~requirements. ~~certain~~In ~~convertible~~addition ~~notes and $100,000 in proceeds with respect~~ to the ~~sale~~remaining offunding ~~certain~~which ~~registered~~may ~~shares~~be ~~issued~~provided into ~~consideration~~the ~~for~~Company ~~put notices~~ under ~~an equity line entered~~ ~~into~~various inloan ~~fiscal~~agreements, ~~2021.~~the ~~The~~ Company ~~anticipates~~is ~~a need for a further $5,000,000~~ in ~~fiscal~~the ~~2022~~process toof ~~meet~~filing ~~its~~a ~~upgraded~~follow ~~infrastructure~~on ~~requirements and has filed two~~ registration ~~statements~~statement on Form S-1 to facilitate ~~this~~additional funding ~~requirement,~~up ~~one~~to ofa ~~which~~maximum ~~was~~of ~~deemed~~$10,000,000. ~~effective~~There onis ~~September 24,~~no ~~2021,~~guarantee ~~and~~ the ~~other~~Company ~~still~~will ~~pending~~continue ~~notice~~to ofreceive ~~effect~~financing as required. The continuation of the Company as a going concern is dependent upon the ability to raise additional equity and/or debt financing and the attainment of profitable operations from the Company’s future business. If the Company is unable to obtain adequate capital as needed, the Company may be required to reduce the scope, delay, or eliminate some or all of its planned operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

The financial statements reflect all adjustments consisting of normal recurring adjustments, which, in the opinion of management, are necessary for a fair presentation of the results for the periods shown. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

F-8

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 1: ORGANIZATION AND DESCRIPTION OF BUSINESS (continued)

Covid-19 Pandemic: The COVID-19 pandemic could have a continuing adverse impact on our existing sponsorship and revenue agreements. During 2021 the implementation of services under certain of our installation agreements experienced delays as a result of the pandemic. COVID-19 has caused significant disruptions to the global financial markets, which may also continue to impact our ability to raise additional capital. During March 2020, we gave notice of furlough to our administrative support employees in an effort to conserve resources as we evaluate our business development efforts in the coming months. In April 2020, the Company received a grant of $6,000 and in May 2020 we received a PPP loan and an SBA loan in the approximate cumulative amount of $90,000 for operations. During early 2022 the Company reopened its offices and continued with the hiring of additional staff as well as the upgrading of infrastructure requirements to meet anticipated customer requirements for 2022. While recent progress in the battle against COVID leads us to believe that the worst of the effects of the pandemic are past, we cannot say with certainty that the situation will not change. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report, is highly uncertain and still subject to change. While significant uncertainty remains, despite the fact that the Company has been able to source financing, it remains that the COVID-19 outbreak may have a negative impact on its ability to work through its collaborative development efforts with industry partners, and in acquiring venues due to the continuing impact of COVID 19, in particular as a result of the impact to the global supply chain.

F-8

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States (“GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).

Consolidation

These consolidated financial statements include the accounts of GZ6G Technology Corp. and its 60% controlled subsidiary, Green ~~Zebra~~ Zebra Media Corp. (“GZMC’)., as of December 31, 2022 and December 31, 2021. All significant intercompany accounting transactions have been eliminated as a result of consolidation.

Use of Estimates

The preparation of these consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to long-lived assets and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

F-9

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Cash and Cash Equivalents

For financial accounting purposes, cash and cash equivalents are considered to be all highly liquid investments with a maturity of three (3) months or less at the time of purchase.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At December 31, ~~2021~~2022, the Company had $~~509~~249,~~791~~ 513 in excess of the FDIC insured limit~~, respectively~~.

Property and Equipment

Property and equipment are recorded at cost. Depreciation on property and equipment are determined using the straight-line method over the three to five year estimated useful lives of the assets.

Research and Development Costs

F-9

Revenue Recognition

The Company recognizes revenue in accordance with ASC 606 — Revenue from Contracts with Customers. The core principle of this standard is that a company should record revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. Further under ASC 606, the Company recognizes revenue from licensing agreements and service-based contracts by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.

We earn revenue from ~~both~~service and sponsorship agreements, digital marketing and the sale of WiFi and communication solutions to customers ~~around~~across the ~~world~~United States. Revenue is earned from sales of our WiFi media platform and our WiFi monetization hardware (GZ Media hub) embedded with GZ software to create monetization and communication solutions for our customers. Our sales can consist of any one or a combination of items required by our customer including hardware, technology platforms and related support. We also enter into licensing contracts which provide for revenue based on licensing fees and revenue sharing with our licensees.

As we expand, we expect a large portion of our revenue from our digital communication solutions to be derived from service-based contracts where we expect to recognize a significant portion of our contracts over time, as there is a continuous delivery of services to the customer over the contractual period of performance. These contracts may or may not include fixed payments for services over time and/or commission-based fees.

F-10

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Revenue Recognition (continued)

Direct costs are expected to include materials, labor and overhead to be charged to work-in-progress (including our contracts-in-progress) inventory or cost of sales. Indirect costs relating to long-term contracts, are expected to include expenses such as general and administrative charges, and other costs will be charged to expense as incurred and will not be included in our work-in-process (including our contracts-in-progress) inventory or cost of sales. Total estimates are expected to be reviewed and revised periodically throughout the lives of the contracts, and adjustments to profits resulting from such revisions are made cumulative to the date of the change. Estimated losses on long-term contracts are recorded in the period in which the losses become evident. If we do not accurately estimate the total sales, related costs and progress towards completion on our long-term contracts, the estimated gross margins may be significantly impacted, or losses may need to be recognized in future periods. Any such resulting changes in margins or contract losses could be material to our results of operations and financial condition.

In addition, certain of our contracts will include termination for convenience or non-performance clauses that provide the customer with the right to terminate the contract. Such terminations could impact the assumptions regarding total contract revenues and expenses utilized in recognizing profit under those contracts where we apply the percentage-of-completion method of accounting. Changes to these assumptions could materially impact our results of operations and financial condition. As we fully implement our business model, our inability to perform on our long-term contracts could materially impact our results of operations and financial condition.

Stock-Based Compensation

We account for stock-based transactions in which the Company receives services from employees, non-employees, directors or others in exchange for equity instruments based on the fair value of the award at the grant date in accordance with ASC 718 – Compensation-Stock Compensation. Stock-based compensation cost for stock options or warrants is estimated at the grant date based on each instrument’s fair value as calculated by the Black-Scholes option pricing model. We recognize stock-based compensation cost as expense ratably on a straight-line basis over the requisite service period for the award.

Debt Issue Costs

The Company may pay debt issue costs in connection with raising funds through the issuance of debt whether convertible or not or with other consideration. These costs are recorded as debt discounts and are amortized over the life of the debt to the statement of operations as interest expense.

Original Issue Discount

If debt is issued with an original issue discount, the original issue discount is recorded to debt discount, reducing the face amount of the note and is amortized over the life of the debt to the statement of operations as interest expense. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.

F-10

Stock Settled Debt

In certain instances, the Company will issue convertible notes which contain a provision in which the price of the conversion feature is priced at a fixed discount to the trading price of the Company’s common shares as traded in the over-the-counter market. In these instances, the Company records a liability, in addition to the principal amount of the convertible note, as stock-settled debt for the fixed value transferred to the convertible note holder from the fixed discount conversion feature. As of December 31, ~~2021,~~2022 and ~~2020~~December 31, 2021, the Company had recorded within Convertible Notes, net of discount, the amount of $85,~~320~~324,~~525~~ 016 and $~~164~~8,~~104~~ 320,525 for the value of the stock settled debt ~~for~~with respect to certain convertible notes (see Note 6).

F-11

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Leases

InThe Company ~~February~~follows ~~2016,~~ASC ~~the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-02 – Topic~~ 842 Leases~~. ASU 2016-02~~, which requires ~~that~~recognition of most leases ~~be recognized~~ on the ~~financial~~balance ~~statements~~sheet, specifically the recognition of right-to-use assets and related lease liabilities, and enhanced disclosures about leasing arrangements. The Company elected to apply the short-term ~~scope~~ scope exception for leases with terms of 12 months or less at the inception of the lease and will continue to recognize rent expense on a straight-line basis.

Fair Value of Financial Instruments

~~FASB~~ ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ~~FASB~~ ASC 820 also establishes a fair value hierarchy which requires an entity to ~~maximize~~ maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. FASB ASC 820 describes three ~~levels~~ levels of inputs that may be used to measure fair value:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Unobservable inputs that are supported by little or no market activity and that are financial instruments whose values are determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation.

If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level of input that is significant to the fair value measurement of the instrument.

Income Taxes

The Company ~~has~~follows ~~adopted~~ ASC ~~Topic~~ 740 – Income Taxes, which requires the use of the asset and liability method of accounting for income taxes. Under the asset and liability method of ASC ~~Topic~~ 740, deferred tax assets and liabilities are recognized for the future tax consequences ~~attributable~~ attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective ~~tax~~ tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

F-12

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Basic and Diluted Net Income (Loss) Per Share

In accordance with ASC ~~Topic~~ 260 – Earnings Per Share, the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common stock outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the potential common stock had been issued and if the additional shares of common stock were dilutive. ~~Potential~~ Potential common stock consists of the incremental common stock issuable upon convertible notes, classes of shares with conversion features. The computation of basic loss per share for the years ended December 31, 2021 and December 31, 2020 excludes potentially dilutive securities of underlying share purchase warrants, convertible notes, and preferred shares, because their inclusion would be antidilutive. As a result, the computations of net loss per share for each period presented is the same for both basic and fully diluted.

~~The table below reflects the potentially dilutive securities at each reporting period which have been excluded from the computation of diluted net loss per share:~~F-11

	December 31, 2021		December 31, 2020
Convertible Notes		4,966,154		256,410
Stock purchase warrants		1,130,487		-
Series A Preferred shares (convertible to common at a ratio of 10 common for each 1 preferred)		50,000,000		50,000,000
Total		56,096,641		50,256,410

The computation of diluted loss per share for the years ended December 31, 2020 and 2021 excludes potentially dilutive securities of underlying share purchase warrants, convertible notes, and preferred shares, because their inclusion would be antidilutive. As a result, the computation of net loss per share for the years ended December 31, 2022 and 2021 is the same for both basic and fully diluted.

The table below reflects the potentially dilutive securities that have not been included in the computation of diluted net loss per:

	December 31, 2022		December 31, 2021
Convertible Notes		143,234,067		4,966,154
Stock purchase warrants		90,429,360		1,130,487
Series A Preferred shares (convertible to common at a ratio of 10 common for each 1 preferred)		50,000,000		50,000,000
Total		283,663,427		56,256,410

Recently Issued Accounting Pronouncements

In August 2020, the FASB issued ASU 2020-06 to simplify the current guidance for convertible instruments and the derivatives scope exception for contracts in an entity’s own equity. Additionally, the amendments affect the diluted EPS calculation for instruments that may be settled in cash or shares and for convertible instruments. The update also provides for expanded disclosure requirements to increase transparency. For SEC filers, excluding smaller reporting companies, this update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, this Update is effective for fiscal years beginning after December 15, 2023, including interim periods therein. Early adoption is permitted. The Company adopted this ASU effective January 1, 2021.

NOTE 3: PROPERTY AND EQUIPMENT

Property and equipment, net consists of the following:

	December 31, 2021			December 31, 2020
	December 31, 2022			December 31, 2021
Office equipment	$	~~166~~192,~~372~~647		$	23166,~~618~~372
Leasehold improvements		3112,~~919~~813			-31,919
Software		72143,~~330~~070			-72,330
Total		~~270~~348,~~621~~530			23270,~~618~~621
Less: accumulated depreciation and amortization		(35160,~~445~~869	)		(1535,~~016~~445	)
Total property and equipment, net	$	~~235~~187,~~176~~661		$	8235,~~602~~176

Depreciation expense amounted to $20125,~~429~~ 424 and $120,~~948~~ 429 for the years ended December 31, ~~2021~~2022, and ~~2020~~2021, respectively. ~~During the year ended December 31, 2021, the Company reclassified certain assets in the amount of $4,990 into advertising expense.~~

F-1312

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 4: PREPAID EXPENSES

Prepaid expenses at December 31, ~~2021~~2022 and ~~December~~2021 ~~31, 2020~~ consist of the following:

	December 31, 2021		December 31, 2020
	December 31, 2022		December 31, 2021
Reseller agreement	$	3,467	$	11,267
Reseller agreement (1)	$	-	$	3,467
Other expenses		15,119		-
Other expenses (2)		49,174		15,119
Total	$	1849,~~586~~174	$	1118,~~267~~586

(1) On January 31, 2017, GZMC entered into a white label reseller agreement with Purple Wifi Limited, a company based in the UK that provides a hosted software solution as a Wifi hotspot platform for use on a company’s Wifi hardware and also provides customer analytics services and marketing opportunities along with ancillary support services. The reseller agreement had an initial term of three years and was subsequently amended to reflect a five (5) year term. Under the terms of the agreement GZMC was required to pay a fee of $52,000 ~~of which a total of $6,450 was unpaid and is included in accounts payable as of December 31, 2021 and December 31, 2020~~. The total amount expended under the reseller agreement ~~has~~was ~~been~~initially recorded as prepaid expenses on the Company’s Balance Sheets and ishas been fully amortized over the term of the agreement on a five-year straight-line basis as part of general and administrative expense.

(2)	Other prepaid expenses include annual subscription fees for software, insurance, prepaid term marketing expenses and office security services.

NOTE 5: OTHER CURRENT ASSETS

Other current assets consist of the following at December 31, ~~2021~~2022 and ~~December 31, 2020~~2021:

	December 31, 2021		December 31, 2020
	December 31, 2022		December 31, 2021
Security deposits	$	14,691	$	414,~~255~~691
Other deposits and receivables		1,258		1,258
Total	$	15,949	$	515,~~513~~949

NOTE 6: DEBT

~~Secured~~Loan ~~Revolving~~Treaty ~~Convertible Promissory Note and Securities Purchase~~ Agreement

On ~~July~~December 1921, ~~2019~~2020, the Company entered into a ~~Securities~~Loan ~~Purchase~~Treaty Agreement with ~~Diamondrock~~a ~~LLC~~third party (“~~Diamond~~Treaty Agreement”) whereby ~~Diamond has~~the lender agreed to ~~advance~~provide a loan in the amount of up to $~~750~~450,000 to the Company in $25,000 tranches, deposited weekly, memorialized by ~~way~~promissory notes in increments of $100,000. Each amount deposited has a ~~Secured~~term ~~Revolving~~of ~~Convertible~~12 ~~Promissory~~months ~~Note~~for ~~with~~repayment anand ~~initial~~shall ~~cumulative~~bear an interest ~~funding~~rate of 8% per annum. In addition, at the option of the Lender, each $~~169~~25,~~450~~000 loaned ~~(less~~to anthe ~~original~~Company ~~issue~~may be converted into common shares at a 25% discount ~~(“OID”)~~to the market price at the close of 10business on November 23, 2020 ($0.26 x 75% ~~totaling~~= $~~16,945~~0.195); toor be$0.195 ~~drawn~~per ~~down~~share. Each in$25,000 ~~tranches~~may be converted at the ~~election~~ one-year anniversary of the ~~Company. As~~date of ~~December~~the ~~31,~~weekly ~~2019~~deposit, unless the Company ~~had~~becomes ~~drawn~~a ~~down~~fully areporting company, ~~total~~at ofwhich ~~$169~~time the holder may convert such debt to common shares in six months,~~450~~ ofor ~~which~~if ~~$16~~the underlying shares are registered,~~945~~ ~~represents~~conversion may occur upon Notice of Effect from the ~~OID~~Securities and ~~$2,500~~Exchange ~~represents~~Commission. ~~agreed~~On ~~debt~~April ~~issue~~1, ~~costs~~2021, ~~for~~the ~~total~~Company ~~net~~entered ~~proceeds~~into an amendment to the ~~Company~~Loan ofTreaty ~~$150~~Agreement originally executed on December 21,~~005~~ 2020. ~~The~~Under ~~Company~~the isterms ~~required~~of the amendment the lender agreed to fund an additional $1 million dollars over 90 business days in equal weekly tranches of $55,556. Each tranche may be converted under the same terms as the original loan treaty, or $0.195 per share, commencing the one-year anniversary of the ~~agreement~~date toof ~~repay~~the weekly deposit, unless the ~~draw~~Company ~~downs~~becomes ina ~~four~~fully ~~equal~~reporting ~~installments~~company, ~~plus~~at ~~accrued~~which ~~interest~~time ofthe 5%holder ~~per~~may ~~annum~~convert such debt to common shares in six months, ~~with~~or if the ~~initial~~underlying ~~installment~~shares ~~commencing~~are 90registered, ~~days~~conversion ~~after~~may ~~the~~occur ~~first~~upon ~~draw~~Notice ~~down~~of ~~under~~Effect from the ~~agreement~~Securities and Exchange Commission.

~~Further,~~During the ~~Company~~year ~~was~~ended ~~required~~December to31, ~~pay a commitment fee in the amount of $112~~2021,~~500~~ ~~on signing of~~ the ~~agreement~~Company byreceived ~~way~~weekly oftranche ~~the~~deposits ~~initial~~for ~~issuance of~~an aaggregate ~~total~~ of $1,100,000 ~~shares~~. ~~Diamond~~ ~~may~~The ~~sell~~Company recorded $11,656,833 as the ~~commitment~~liability ~~fee~~on ~~shares~~stock ~~subject~~settled todebt ~~applicable~~associated ~~securities~~with ~~regulations and may request additional shares from~~ the ~~Company~~tranches which atamount ais ~~future~~amortized ~~date~~over ~~should~~ the ~~aggregate~~terms ~~value~~ of the ~~shares when sold generate less than the agreed $112,500 commitment fee~~notes.

During the year ended December 31, 2022, the Company received a further $50,000 under this loan treaty. The Company recorded $360,258, as the liability on stock settled debt associated with the tranche which amount is amortized over the terms of the notes. A total of $250,000 remains to be funded under the terms of this Treaty Agreement.

F-13

On October 27, 2021, the Company issued 2,051,282 shares of common stock to the lender in consideration for $400,000 in loans provided under the terms of the Treaty Agreement at $0.195 per share.

On August 3, 2022, the Company issued 1,538,462 shares of common stock to the lender in consideration for $300,000 in loans provided under the terms of the Treaty Agreement at $0.195 per share.

The carrying value of funding tranches is as follows:

	December 31, 2022			December 31, 2021
Principal	$	500,000		$	750,000
Stock-settled liability		5,171,803			8,320,525
Total		5,671,803			9,070,525
Unamortized debt discount		(20,726	)		(4,067,059	)
Debt carrying value	$	5,651,077		$	5,003,466

The interest expenses for the funding tranches are as follows:


	Year Ended
	December 31,
	2022		2021
Interest expense on notes	$	53,907	$	50,915
Amortization of debt discount		4,406,591		7,751,138
Total:	$	4,460,498	$	7,802,052

The accrued interest payable is as follows:


Balance, December 31, 2020	$	66
Interest expense on the convertible notes		50,915
Balance, December 31, 2021		50,981
Interest expense on the convertible notes		53,907
Balance, December 31, 2022	$	104,888

Gain related to extinguishment during the year ended December 31, 2022 and 2021:

	2022			2021
Debt principal	$	300,000		$	400,000
Stock-settled liability		3,508,980			3,500,412
Total		3,808,980			3,900,412
Issuance of 1,538,462 and 2,051 282 shares of common stock, respectively		(142,308	)		(4,615,385	)
Gain (loss) on extinguishment of debt upon conversion	$	3,666,672		$	(714,973	)

Convertible Debt with Warrant Agreement

On November 11, 2021, the Company entered into a Promissory Note with an investor in which the investor agreed to lend the Company the principal amount of $560,000 for the purchase price of $504,000. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $1.00 per share. The Company concurrently entered into a Warrant Agreement for the purchase of an additional 560,000 common shares at $1.00 per share for a term of three (3) years.

On December 16, 2021, the Company entered into a Promissory Note with an investor in which the investor agreed to lend the Company the principal amount of $560,000 for the purchase price of $504,000. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $1.00 per share. The Company concurrently entered into a Warrant Agreement for the purchase of an additional 560,000 common shares at $1.00 per share for a term of three (3) years.

F-14

~~GZ6G~~In ~~TECHNOLOGIES~~accordance ~~CORP~~with ASC 470 – Debt, the proceeds in fiscal year 2021 of $1,008,000 was allocated based on the relative fair values of the convertible notes and the warrants of $504,027 and $503,973, respectively. The Warrant was valued at $503,973 and was recorded as a debt discount which is being amortized over the life of the Note. In addition, the Note had a debt discount of $616,027 is being amortized over the life of the Note for a total debt discount of $1,120,000.

~~NOTES~~On TOApril ~~THE~~4, ~~AUDITED~~2022, ~~CONSOLIDATED~~the ~~FINANCIAL~~Company ~~STATEMENTS~~entered into a Promissory Note with an investor in which the investor agreed to lend the Company the principal amount of $365,000 for the purchase price of $328,500. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $1.00 per share. The Company concurrently entered into a Warrant Agreement for the purchase of an additional 365,000 common shares at $1.00 per share for a term of five (5) years.

~~DECEMBER~~On 31May 23, ~~2021~~2022, ~~AND~~the ~~2020~~Company entered into a Promissory Note with an investor in which the investor agreed to lend the Company the principal amount of $440,000 for the purchase price of $396,000. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $0.30 per share. The Company concurrently entered into a Warrant Agreement for the purchase of an additional 1,466,667 common shares at $0.30 per share for a term of three (3) years.

~~NOTE~~On 6:September ~~DEBT~~20, 2022, the Company entered into a Promissory Note with an investor in which the investor agreed to lend the Company the principal amount of $176,000 for the purchase price of $158,400. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $0.03 per share. The Company concurrently entered into a Warrant Agreement for the purchase of an additional 3,520,000 common shares at $0.10 per share for a term of five (~~continued~~5) years.

~~Secured~~On ~~Revolving~~November ~~Convertible~~3, 2022, the Company entered into a Promissory Note ~~and~~with ~~Securities~~an ~~Purchase~~investor in which the investor agreed to lend the Company the principal amount of $160,000 for the purchase price of $144,000. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $0.02 per share. The Company concurrently entered into a Warrant Agreement for the purchase of an additional 2,400,000 common shares at $0.10 per share for a term of five (~~continued~~5) years.

~~Under~~On ~~the~~November ~~terms~~23, ~~of the convertible note~~2022, ~~on or after maturity~~ the ~~note~~Company ~~may~~entered ~~converted~~into toa ~~shares~~Promissory ofNote ~~common~~with ~~stock~~an investor in ~~whole~~which orthe ininvestor ~~part~~agreed ~~equal~~ to ~~60%~~ oflend the ~~lowest~~Company of the ~~Volume~~principal amount ~~Weighted~~of ~~Average Price~~ $293,000 for ~~each of~~ the ~~fifteen~~purchase ~~(15)~~price ~~days immediately preceding the date~~ of ~~the Notice of Conversion. The convertible note qualifies for derivative accounting and bifurcation under ASC 815~~$263, ~~“Derivatives and Hedging~~700.” The ~~fair~~Term ~~value~~ of the ~~$150,005~~Note ~~Notes~~is ~~was~~twelve ~~calculated~~months ~~using the Black-Scholes pricing model at $173,585,~~ with ~~the~~an ~~following assumptions: risk-free~~ interest rate of ~~1.53~~ 12% ~~~ 1~~.~~60%,~~ The ~~expected~~conversion ~~life~~rate of ~~0.6~~the ~~year,~~Note ~~volatility~~is offixed ~~175%~~at ~~~ 292%, and expected dividend yield of zero~~$0.02 ~~Because~~per ~~the~~share. ~~fair~~The ~~value~~Company ofconcurrently ~~the~~entered ~~note~~into ~~exceeded~~a ~~the~~Warrant ~~net~~Agreement ~~proceeds~~for ~~from~~ the ~~$150~~purchase of an additional 5,~~005~~860,000 common ashares ~~charge~~at ~~was~~$0.10 per ~~recorded~~share ~~to “Financing cost”~~ for ~~the~~a ~~excess~~term of ~~the~~five ~~fair~~(5) ~~value of the note~~years.

~~The~~On ~~Company~~December ~~issued~~20, ~~100~~2022,~~000~~ ~~shares~~the onCompany ~~August~~entered ~~26,~~into ~~2019~~a toPromissory ~~satisfy~~Note with an investor in which the ~~commitment~~investor ~~fee.~~agreed ~~The~~to lend the Company ~~valued~~the ~~issuance~~principal amount atof $293,000 for the ~~closing~~purchase price of $263,700. The Term of the ~~Company’s~~ ~~Common~~Note ~~Stock~~is astwelve ~~traded~~months onwith ~~the~~an ~~OTCMarkets~~interest onrate ~~the~~of 12%. The ~~date~~conversion rate of ~~issuance,~~the ~~and~~Note ~~consequently~~is ~~recorded~~fixed ~~stock-based~~at ~~compensation~~$0.015 per share. The Company concurrently entered into a Warrant Agreement for the purchase of ~~$110~~an additional 5,860,000 common shares at $0.10 per share for a term of five (5) years.

OnIn ~~August~~accordance 26with ASC 470 – Debt, ~~2020~~the proceeds in the year ended December 31, a2022, ~~Revolving~~of ~~Secured~~$1,554,300 was allocated ~~Convertible~~based ~~Promissory~~on ~~Note~~the ~~Assignment~~relative ~~and~~fair ~~Purchase~~values ~~Agreement~~of (the ~~“Purchase~~convertible ~~Agreement”)~~notes and the warrants of $948,158 and $606,142, respectively. The Warrant was ~~entered~~valued ~~into~~at ~~between~~$606,142 ~~Diamond~~ and ~~Ilya~~was ~~Aharon~~recorded ~~(the~~as ~~“Buyer”).~~a ~~Under~~debt ~~this~~discount ~~Agreement,~~which ~~the~~is ~~Buyer~~being ~~acquired~~amortized over the ~~Secured Revolving~~life ~~Convertible~~of ~~Promissory~~the Note. ~~(“Diamond~~In addition, the Note”) ~~from~~had ~~Diamond~~a ~~for~~debt ~~cash~~discount ~~consideration~~in ofthe amount of $~~147~~792,~~000. The Purchase~~824 which ~~Agreement~~was ~~assigned~~recorded ~~all~~as ~~obligations~~a ofdebt ~~the~~discount ~~Company~~which ~~and~~is ~~the~~being ~~guarantor~~amortized ~~under~~over the ~~terms~~life of the ~~original~~Note ~~Diamond~~for ~~Note~~a tototal debt ~~Buyer~~discount of $1,571,666.

OnDuring ~~September~~the 5year ended December 31, ~~2020~~2022, the ~~Board~~Company ofpaid ~~Directors~~$281,000 in ~~approved~~cash ~~the~~to ~~issuance~~settle of a ~~new~~portion ~~Convertible~~of ~~Promissory Note (~~the ~~“New~~outstanding ~~Note”)~~principal ~~to Buyer~~and ~~in the amount of~~ $~~147~~31,~~000~~781 in cash ~~thereby~~to ~~terminating~~settle ~~all~~interest ~~obligations~~payable ofrelated ~~the~~to ~~Company and guarantor under~~ the ~~Diamond~~December ~~Note.~~16, ~~The~~2021, ~~note~~convertible ~~was unsecured and non-interest bearing~~note.

Under the New Note the Company had the right to prepay all or any portion of the New Note at any time upon 30 days written notice to the debtholder, without penalty at the debtholder’s discretion. The debtholder has the right at any time with 3 days written notice to convert any part of the New Note into shares of the Company’s common stock at a conversion rate of a 40% discount to the lowest market price at the close of market during the 60 days immediately prior to the notice of conversion. The Company recorded $748,192 as liability on stock settled debt associated with this New Note and expensed $748,192 as amortization of debt discount in the year ended December 31, 2020.

On October 1, 2020, the Company received a Notice of Conversion in respect to the New Note and converted the full value of the debt ($147,000) into 3,500,001 shares.

Due to the variable conversion price associated with the Revolving Secured Convertible Promissory Note disclosed above, the Company has determined that the debt discount is a derivative liability for instruments which are convertible and have not yet been settled. The accounting treatment of derivative financial instruments requires that the Company record the fair value of the derivatives on the date they are deemed to be derivative liabilities. The initial embedded derivative liability of $173,585 was recorded as a derivative liability on the consolidated balance sheet and is remeasured to fair value at each balance sheet date with a resulting non-cash gain or loss related to the change in the fair value being charged to earnings (loss).

F-15

~~GZ6G~~During ~~TECHNOLOGIES~~the ~~CORP~~year ended December 31, 2022, the Company issued an accumulated 21,990,255 shares of common stock pursuant to Notice of Conversion from lenders to settle certain portion of principal together with accrued interest payable and fees.

~~NOTES~~The TOcarrying ~~THE~~value ~~AUDITED~~of ~~CONSOLIDATED~~the ~~FINANCIAL~~tranches ~~STATEMENTS~~is as follows:

~~DECEMBER~~ Schedule ~~31,~~of ~~2021~~the ~~AND~~carrying ~~2020~~value of the tranches

NOTE 6: DEBT (continued)

	December 31, 2022			December 31, 2021
Principal	$	2,847,000		$	1,120,000
Shares issued under conversion		(410,851	)		-
Repaid to principal		(281,000	)		-
Total		2,155,149			1,120,000
Unamortized debt discount		(1,280,068	)		(1,047,626	)
Debt carrying value	$	875,081		$	72,374

~~Secured~~The ~~Revolving~~interest ~~Convertible~~expenses ~~Promissory~~related ~~Note~~to ~~and~~the ~~Securities~~tranches ~~Purchase~~are ~~Agreement~~as ~~(continued)~~follows:

~~The~~ Schedule ~~carrying value~~ of the ~~Diamond~~interest ~~Note~~expense ~~and~~related to the ~~New Note is as follows:~~tranches

	December 31, 2021		December 31, 2020
	Year Ended
Principal issued	$	-	$	162,589
	December 31,
Repayment		-		(8,607	)
	2022		2021
Accrued interest payable		-		4,270
Interest expense on notes	$	178,374	$	13,440
Gain on extinguishment of note		-		(11,252	)
Amortization of debt discount		1,339,224		72,374
Settled with shares		-		(147,000	)
Total:	$	1,517,598	$	85,814
Amortization of debt discount		-		-
Total:	$	-	$	-

The interest expenses of these convertible notes are as follows:

	Year ended December 31,
	2021		2020
Interest expense on the convertible notes	$	-	$	5,462
Financing cost		-		-
Amortization of debt discount		-		804,005
Total:	$	-	$	809,467

The accrued interest payable is as follows:

Balance, December 31, 2019	$	201
Interest expense on the convertible notes		5,462
Payment to interest		(1,393	)
Debt Assignment and Purchase Agreement		(4,270	)
Balance, December 31, 2020	$	-

As a result of the application of ASC No. 815 in period ended December 31, 2020 and at the commitment date, the fair value of the debt discount associated with the convertible notes is summarized as follows:

Balance, December 31, 2020	$	-
Interest expense on the convertible notes		13,440
Balance, December 31, 2021		13,440
Interest expense on the convertible notes		178,374
Shares issued under conversion		(124,742	)
Repaid in cash		(31,781	)
Balance, December 31, 2022	$	35,291

Balance at December 31, 2019		154,847
Derivative liability reclassified to additional paid in capital upon debt paid		(10,584	)
Loss on change in fair value during the period		28,844
Gain on extinguishment		(173,107	)
Balance at December 31, 2020	$	-

Loss related to extinguishment during the year ended December 31, 2022:

~~The~~ Schedule of loss onrelated ~~conversion~~to inextinguishment ~~the year ended December 31, 2020 as follow:~~

Principal	$	147,000
Debt principal	$	410,851
Stock-settled liability		748,192
Accrued interest payable		124,742
Total		895,192
Transfer agent fee		32,408
3,50,001 shares issued per notice of conversion		1,351,000
Total		568,001
Loss on conversion in December 31, 2020	$	455,808
Issuance of 21,990,255 shares of common stock		(657,858	)
(Loss) on extinguishment of debt upon conversion	$	(89,857	)

During the year ended December 31, 2022, the Company issued shares in respect to a Put notice (Note 10(5)) with a strike price of $0.020025 per share which triggered a dilutive issuance clause in the aforementioned Convertible Note agreements downward adjusting the conversion price per share to match the strike price.

Convertible Promissory Note

During the year ended December 31 2022, the Company entered into several Convertible Promissory Notes with an investor in which the investor agreed to lend the Company the accumulated principal amount of $321,500 for the purchase price of $306,250. The Term of these Notes is twelve months with an interest rate of 10%. The conversion rate of the Note is as follows: 35% discount to the lowest bid price during the ten-day trading period prior to a notice of conversion. The funds were used for operating costs and further execution of GZ6G’s business plan. The Company recorded $172,982 as the liability on stock settled debt associated with these convertible promissory notes which amount is amortized over the terms of the notes. During the year ended December 31, 2022, the Company issued an accumulated 8,452,680 shares of common stock pursuant to Notice of Conversion from lenders to settle certain portion of principal.

F-16

During the year ended December 31, 2022, the Company entered into a Convertible Promissory Notes with an investor in which the investor agreed to lend the Company the accumulated principal amount of $54,000 for the purchase price of $50,000. The Term of these Notes is twelve months with an interest rate of 10%. The conversion rate of the Note is as follows: 35% discount to the lowest bid price during the ten-day trading period prior to a notice of conversion. The funds were used for operating costs and further execution of GZ6G’s business ~~TECHNOLOGIES~~plan. ~~CORP~~The Company recorded $33,077 as the liability on stock settled debt associated with these convertible promissory notes which amount is amortized over the terms of the notes.

~~NOTES~~The TOcarrying ~~THE~~value ~~AUDITED~~of ~~CONSOLIDATED~~this ~~FINANCIAL~~convertible ~~STATEMENTS~~promissory note is as follows:

DECEMBER 31, 2021 AND 2020

	December 31, 2022			December 31, 2021
Principal	$	375,250		$	-
Stock-settled liability		206,059			-
Issuance of 8,452,680 shares of common stock issued under notice of conversion:
Principal		(100,000	)
Stock-settled liability		(53,846	)
Total		427,463			-
Unamortized debt discount		(106,500	)		-
Debt carrying value	$	320,963		$	-

~~NOTE~~The 6:interest ~~DEBT~~expenses ~~(continued)~~for the convertible promissory note are as follows:

Advances Payable allocated to Convertible Note


	Year Ended
	December 31,
	2022		2021
Interest expense on note	$	16,077	$	-
Amortization of debt discount		118,559		-
Total:	$	134,636	$	-

During the year ended December 31, 2019, the Company received $150,000 from an unrelated third party. Proceeds were for shortfalls in operational expenses. The advance was non-interest bearing, and there were no specific terms of repayment at that time. On December 21, 2020, the Lender and the Company agreed to allocate interest in the amount of 6% per annum and to accrue interest from the date the advance was first entered into. At this time the Company executed a convertible promissory note with principal amount of $150,000. The note was due and payable on the one-year anniversary of the date of each advance and was convertible at a price of 15% of the market closing price 5 days prior to presentation of a notice of conversion. The Company recorded $35,185 as liability on stock settled debt associated with this convertible note. The Company recorded interest expenses of $13,558 during the year ended December 31, 2020.

On December 30, 2020, a Convertible Promissory Note Assignment and Purchase Agreement (the “Purchase Agreement”) was entered into between the note holder and a buyer (the “Buyer”). Under this Agreement, the Buyer acquired the Convertible Promissory Note for cash consideration of $163,558 from the holder. The Purchase Agreement assigned all obligations of the Company and the guarantor under the terms of the original convertible note to the Buyer.

On December 20, 2020, the Board of Directors approved the issuance of a new Convertible Promissory Note to the Buyer in the amount of $163,558 thereby terminating all obligations of the Company and guarantor under the original convertible promissory note above. The note is unsecured and non-interest bearing.

Under the new Convertible Promissory Note the Company had the right to prepay all or any portion of the new convertible promissory note at any time upon 30 days written notice to the debtholder, without penalty at the debtholder’s discretion. The debtholder has the right at any time with 3 days written notice to convert any part of the New Note into shares of the Company’s common stock at a conversion rate of a 40% discount to the lowest market price at the close of market during the 120 days immediately prior to the notice of conversion. The Company recorded $3,111,366 as the liability on stock settled debt associated with this New Note.

On December 31, 2020, the Company received a Notice of Conversion in respect to the New Note and converted the full value of the debt $163,558 into 3,894,245 shares.

The carrying value of the Advance payable and the New Note is as follows:

	Convertible Note			Advances payable
Balance, December 31, 2019	$	-		$	150,000
Debt Assignment and Purchase Agreement		150,000			(150,000	)
Accrued interest expenses		13,558			-
Settled with common shares		(163,558	)		-
Balance, December 31, 2020	$	-		$	-

The interest expenses of this convertible note above are as follows:

	Year ended December 31,
	2021		2020
Interest expense on the convertible notes	$	-	$	13,558
Amortization of debt discount		-		3,146,551
Total	$	-	$	3,160,609

F-17

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 6: DEBT (continued)

Advances Payable allocated to Convertible Note

The loss on conversion during the year ended December 31, 2020 as follow:

Principal	$	163,558
Stock-settled liability		3,146,551
Total		3,310,109
3,894,245 shares issued per notice of conversion		3,403,570
Loss on conversion in December 31, 2020	$	93,461

Loan Treaty Agreement

On December 21, 2020, the Company entered into a Loan Treaty Agreement with a third party (“Treaty Agreement”) whereby the lender agreed to provide a loan in the amount of up to $450,000 to the Company in $25,000 tranches, deposited weekly, memorialized by promissory notes in increments of $100,000. Each amount deposited has a term of 12 months for repayment and shall bear an interest rate of 8% per annum. In addition, at the option of the Lender, each $25,000 loaned to the Company may be converted into common shares at a 25% discount to the market price at the close of business on November 23, 2020 ($0.26 x 75% = $0.195); or $0.195 per share. Each $25,000 may be converted at the one-year anniversary of the date of the weekly deposit, unless the Company becomes a fully reporting company, at which time the holder may convert such debt to common shares in six months, or if the underlying shares are registered, conversion may occur upon Notice of Effect from the Securities and Exchange Commission. On April 1, 2021, the Company entered into an amendment to a Loan Treaty Agreement originally executed on December 21, 2020. On April 1, 2021, the Company entered into an amendment to the Treaty Agreement. Under the terms of the amendment the lender has agreed to fund an additional $1 million dollars over 90 business days in equal weekly tranches of $55,556. Each tranche may be converted under the same terms as the original loan treaty, or $0.195 per share, commencing the one-year anniversary of the date of the weekly deposit, unless the Company becomes a fully reporting company, at which time the holder may convert such debt to common shares in six months, or if the underlying shares are registered, conversion may occur upon Notice of Effect from the Securities and Exchange Commission.

During the fiscal year ended December 31, 2021 and 2020, the Company received weekly tranche deposits for an aggregate of $1,100,000 and $50,000, respectively. The Company recorded $11,656,833 and $164,104, respectively, as the liability on stock settled debt associated with the tranches which amount is amortized over the terms of the notes.

On October 27, 2021, the Company issued 2,051,282 shares of common stock to lender eSilkroad Network Ltd. in consideration for $400,000 in loans previously provided under the terms of a convertible note agreement convertible at $0.195 per share.

The carrying value of tranches is as follows:

	December 31, 2021			December 31, 2020
Principal	$	750,000		$	50,000
Stock-settled liability		8,320,525			164,104
Total		9,070,525			214,104
Unamortized debt discount		(4,067,059	)		(161,364	)
Debt carrying value	$	5,003,466		$	52,740

F-18

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 6: DEBT (continued)

Loan Treaty Agreement

The interest expenses of traches are as follows:

	Year ended December 31,
	2021		2020
Interest expense on notes	$	50,915	$	66
Amortization of debt discount		7,751,138		2,740
Total:	$	7,802,052	$	2,806

The accrued interest payable is as follows:

Schedule of the accrued interest payable ~~loan~~convertible ~~treaty~~promissory ~~agreement~~note

Balance, December 31, 2020	$	66
Balance, December 31, 2021	$	-
Interest expense on the convertible notes		50,915
Interest expense on the convertible note		16,077
Balance, December 31, 2021	$	50,981
Balance, December 31, 2022	$	16,077

The loss on conversion during the year ended December 31, 2021 is as follows:

Schedule of loss on conversion Loan Treaty Agreement

Principal	$	400,000
Stock-settled liability		3,500,412
Total		3,900,412
2,051,282 shares issued per notice of conversion		4,615,385
Loss on conversion in December 31, 2021	$	714,973

Convertible Debt

On November 11, 2021, the Company entered into a Promissory Note with an investor in which the investor has agreed to lend the Company the principal amount of $560,000 for the purchase price of $504,000. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $1.00 per share. The Company concurrently entered into a Warrant Agreement for the purchase of an additional 560,000 common shares at $1.00 per share for a term of three (3) years.

On December 16, 2021, the Company entered into a Promissory Note with an investor in which the investor has agreed to lend the Company the principal amount of $560,000 for the purchase price of $504,000. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $1.00 per share. The Company concurrently entered into a Warrant Agreement for the purchase of an additional 560,000 common shares at $1.00 per share for a term of three (3) years.

In accordance to ASC 470 – Debt, the proceeds of $1,008,000 was allocated based on the relative fair values of the convertible note and the warrant of $504,027 and $503,973, respectively. The Warrant was valued at $503,973 was recorded as a debt discount which is being amortized over the life of the Note. In addition, the Note had a BCF in the amount of $616,027 which was recorded as a debt discount which is being amortized over the life of the Note. The debt discount totaled $1,120,000.

F-19

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 6: DEBT (continued)

Convertible Debt (continued)

The carrying value of tranches is as follows:

Schedule of convertible debt carrying value

	December 31, 2021			December 31, 2020
Principal	$	1,120,000		$	-
Unamortized debt discount		(1,047,626	)		-
Debt carrying value	$	72,374		$	-

The interest expenses of traches are as follows:

Schedule of Convertible debt interest expense

	Year ended December 31,
	2021		2020
Interest expense on notes	$	13,440	$	-
Amortization of debt discount		72,374		-
Total:	$	85,814	$	-

The accrued interest payable is as follows:

Schedule of convertible debt accrued interest

Balance, December 31, 2020	$	-
Interest expense on the convertible notes		13,440
Balance, December 31, 2021	$	13,440

SBA

On May 19, 2020, the Company received a long-term loan from U.S. Small Business Administration (SBA) in the amount of $44,000, upon the following conditions:

Payment: Installment payments, including principal and interest, of $215 monthly, will begin twenty-four (24) months from the date of the ~~promissory~~ promissory note, or May 19, 2022. The balance of principal and interest will be payable Thirty (30) years from the date of the promissory note.

Interest: Interest accrues at the rate of 3.75% per annum and will accrue only on funds actually advanced from the date(s) of each advance.

Payment terms: Each payment will be applied first to interest accrued to the date of receipt of each payment, and the balance, if any, will be applied to principal; each payment will be made when due even if at that time the full amount of the loan has not yet been advanced or the authorized amount of the Loan has been reduced.

~~As at December 31, 2021, the Company had accrued interest payable of $2,672 in respect of this loan. (December 31, 2020~~ F- ~~$1,022).~~17

The interest expenses related to the SBA loan are as follows:


	Year Ended
	December 31,
	2022		2021
Interest expense on notes	$	1,650	$	1,650

The accrued interest payable is as follows:

Balance, December 31, 2020	$	1,022
Addition: Interest expense		1,650
Balance, December 31, 2021		2,672
Addition: Interest expense		1,650
Balance, December 31, 2022	$	4,322

PPP funds

The Paycheck Protection Program (“PPP”) is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. The loan may be forgiven in full if the funds are used for payroll costs, interest on mortgages, rent, and utilities (with at least 60% of the forgiven amount having been required to be used for payroll). Additional terms include:

~~F-20~~● An interest rate of 1% per annum; ● Loans issued prior to June 5, 2020, have a maturity of 2 years, with loans issued thereafter having a maturity of 5 years; ● Loan payments are deferred for six months; ● No collateral or personal guarantees are required; and ● Neither the government nor lenders will charge small businesses any fees.

On May 14, 2020, the Company received PPP proceeds of $45,450. As of December 31, 2021, the Company paid $5,702 ~~GZ6G~~including $5,061 in ~~TECHNOLOGIES~~principal ~~CORP~~and $641 in interest payable in respect of this loan. The Company requested full loan forgiveness by submitting a request to the lender. The total loan principal amount of $45,450 with the interest amount of $641 was forgiven in full in the three months ended March 31, 2022. As a result, the Company recorded the full amount of $46,091 that had been received as other income.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 6: DEBT (continued)

PPP funds (continued)

The loan may be forgiven in full if the funds are used for payroll costs, interest on mortgages, rent, and utilities (with at least 60% of the forgiven amount having been required to be used for payroll). Additional terms include:

● An interest rate of 1% per annum; ● Loans issued prior to June 5, 2020 have a maturity of 2 years, with loans issued thereafter having a maturity of 5 years; ● Loan payments are deferred for six months; ● No collateral or personal guarantees are required; and, ● Neither the government nor lenders will charge small businesses any fees.

On May 14, 2020, the Company received PPP proceeds of $45,450.

As of December 31, 2021, the Company paid $5,702 including $5,061 in principal and $641 in interest payable in respect of this loan. The Company is currently in the process of applying for forgiveness of the loan in full.

A schedule of the total long-term debt is below:

	December 31, 2021			December 31, 2020
SBA Loan	$	44,000		$	44,000
PPP Loan		40,389			45,450
Total		84,389			89,450
Current portion		(40,389	)		-
Debt, long term	$	44,000		$	89,450
Interest accrued, reflected as accounts payable	$	2,672		$	1,310

Other Short-term loans

On January 5, 2018, GZMC entered into a loan agreement with National Funding Inc. whereby the Company acquired funding in the amount of $20,625. The terms of the loan called for the Company to pay an origination fee of $412 and to repay $26,400 by way of 176 daily payments of $150. As of December 31, ~~2021~~2022, and December 31, ~~2020~~2021, there was an outstanding amount of $3,768 due ~~and~~ and payable on the loan, and the loan was in default ~~at the year ended December 31, 2020 and remains in default~~.

NOTE 7: CUSTOMER DEPOSITS, CONTRACT RECEIVABLES AND CONTRACT LIABILITIES

The Company generates revenue from contracts which, among other services, provide wireless and digital promotion rights for certain events including WiFi media network advertising rights, and the development of smart venue wireless networks and software engagement technology products for airports, stadiums, campuses, cities and other venues in the United States and International markets. In general, our contracts require several months of implementation which is charged at a fixed rate, followed by monthly maintenance and management services, ad hoc fixed rate services, and a share in advertising revenue, when applicable. As a result, the Company will accept deposits from customers, which deposits are applied as each stage of our implementation is complete or under the terms of the service contract. Invoices issued to customers for the implementation phase of our contracts are due and payable when issued, however, as the associated scope of services have not yet been concluded, these invoices do not yet meet the revenue recognition criteria required to report these amounts as earned revenue (ref: Note 2 – Revenue Recognition). As a result, deposits when received from customers are included as liabilities on our balance sheets.

F-2118

~~GZ6G~~The ~~TECHNOLOGIES~~following ~~CORP.~~table provides balances of customer receivables and contract liabilities as of December 31, 2022, and 2021:

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

	December 31, 2022		December 31, 2021
Customer receivables ⁽¹⁾	$	-	$	-
Contract liabilities (Customer deposits) ^{(1), (2), (a), (b), (c)}	$	172,000	$	209,000

~~DECEMBER~~ (1) The Company has deposits of $172,000 and $209,000, respectively as at December 31, 2022 and 2021, ~~AND~~with ~~2020~~respect to certain future services to be provided, which amounts are not yet earned under revenue recognition criteria provided by ASC 606 and therefore, they are not reflected as accounts receivable on the Company’s balance sheets. During the year ended December 31, 2022, the Company recorded $12,000 as income relative to the above contracts and returned $25,000 in previously paid deposits to one of its customers.

~~NOTE 7: CUSTOMER~~(2) ~~DEPOSITS~~Contract liabilities are consideration we have received from our customers billed in advance of providing goods or services promised in the future or for work in progress. We defer recognizing this consideration as revenue until we have satisfied the related performance obligation to the customer. Contract liabilities include installation and maintenance charges that are deferred and recognized when the installation is complete or with respect to deposits for maintenance, ~~CONTRACT~~over ~~RECEIVABLES~~the ~~AND~~actual ~~CONTRACT~~or ~~LIABILITIES~~expected contract term, which typically ranges from one to five years depending on the service. Contract liabilities may be included as customer deposits or deferred revenue in our consolidated balance sheets, based on the specifics of the contract. During the year ended December 31, 2022, we have recognized $12,000 in revenue from customer deposits on hand (~~continued~~December 31,2021 - $78,000). The Company and certain customers are currently in negotiations to determine the best way to proceed with the delayed implementation of certain prior period contracts for which we have received deposits but have not completed the scope of work.

The following table provides balances of customer receivables and contract liabilities as of December 31, 2021 and December 31, 2020:

	December 31, 2021		December 31, 2020
Customer receivables (1)	$	-	$	-
Contract liabilities (Customer deposits) (2), (a), (b), (c)	$	209,000	$	287,000

(1) While the Company has outstanding customer invoices for a total of $1,395,000 and $1,460,000 (net of customer deposits received of $209,000 and $287,000, respectively as at December 31, 2021 and December 31, 2020), these amounts are not yet earned under revenue recognition criteria provided by ASC 606 and therefore, they are not reflected as accounts receivable on the Company’s balance sheets.

(2) Contract liabilities are consideration we have received from our customers billed in advance of providing goods or services promised in the future or for work in progress. We defer recognizing this consideration as revenue until we have satisfied the related performance obligation to the customer. Contract liabilities include installation and maintenance charges that are deferred and recognized when the installation is complete or with respect to deposits for maintenance, over the actual or expected contract term, which typically ranges from one to five years depending on the service. Contract liabilities may be included as customer deposits or deferred revenue in our consolidated balance sheets, based on the specifics of the contract. As of December 31, 2021 and December 31, 2020, we have recognized $78,000 and $0, respectively, in revenue from customer deposits on hand. The Company and certain customers are currently in negotiations to determine the best way to proceed with the delayed implementation of certain prior period contracts for which we have received deposits but have not completed the scope of work.

Performance Obligations

AsWhile ofwe ~~December~~had ~~31,~~originally ~~2021, our estimated revenue~~ expected to berecognize ~~recognized~~revenue induring ~~the~~fiscal 2020 ~~future~~with ~~related~~respect to ~~performance obligations associated with certain customer~~ contracts ~~that~~for ~~have~~which ~~been invoiced but remain unsatisfied (or partially satisfied) is approximately $1,550,000. While~~ we ~~had~~have ~~originally~~received ~~expected to recognize approximately 30% of this revenue through 2020~~customer deposits, ~~with~~ the ~~balance recognized thereafter, the~~ impact of COVID-19 ~~has~~ had a significant impact on ~~these contracts~~implementation. The Company is currently in negotiations to determine the best way to proceed with the delayed implementation of these contracts, or their termination.

(a) We executed a license agreement for the country of Spain in fiscal 2016 and the Company received an initial deposit of $25,000 against the total licensing fee payable. This amount has been recorded on the Company’s balance sheets as deferred income. While the Company and the customer attempted to negotiate an amendment to the terms of the agreement in late fiscal 2019, the onset of COVID-19 resulted in further delays which are ongoing. As a result, the Company is currently in negotiation for a formal termination of the agreement with this customer.

(b) On On July 11, 2019, GZMC entered into an Airport WiFi Sponsorship Marketing Agreement with a third party whereunder GZMC will secure long-term, exclusive and non-exclusive smart venues for WiFi marketing, digital marketing and data analytics for various brand sponsors at various airports across the United States. There were several venues anticipated under the terms of the agreement with installations commencing on various schedules. GZMC generated invoices for $100,000 for each of 13 venues, whereby $65,000 per venue is due on receipt of the invoice and the remaining $35,000 is due sixty days thereafter. As at December 31, 2021 ~~and December 31~~, ~~2020,~~ the Company had received ~~partial~~ partial payments of $130,000 against the initial deposit required, of which a total of $25,000 was returned during the year ended December 31, 2022 leaving $105,000 on deposit. Previously the Company expected revenue recognition under these contracts to commence in fiscal 2020, however, as a result of the impact of the COVID-19 pandemic, the project has been delayed indefinitely. Funds originally provided for the implementation of this project are anticipated to be applied as a deposit on a project yet to be identified or otherwise, fully repaid.

~~F-22~~(c) On October 6, 2020, the Company received a purchase order in the amount of $132,000 in regard to a Media Agreement described in Note 9(3) below. During the year ended December 31, 2021, the Company completed the installation terms included in the purchase order and as a result $78,000 has been reflected as revenue as at December 31, 2021. A further $12,000 was recorded as income during the year ended December 31, 2022, with the remaining $42,000 included in deferred income in relation to future service obligations under the contract which will be earned over the term of the service contract.

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 7: CUSTOMER DEPOSITS, CONTRACT RECEIVABLES AND CONTRACT LIABILITIES (continued)

(c) On October 6, 2020, the Company received a purchase order in the amount of $132,000 in regard to a Media Agreement described in Note 9(3) below. As the installation had not yet been fully performed under the purchase order as of December 31, 2020, $132,000 is reflected as Deferred Revenue on the balance sheet. During the fiscal year ended December 31, 2021, the Company completed the installation terms included in the purchase order and as a result $78,000 has been reflected as revenue as at December 31, 2021. The remaining $64,000 included in deferred income relates to future service obligations under the contract which will be earned over the term of the service contract.

NOTE 8: RELATED PARTY TRANSACTIONS

Terrence Flowers

As at December 31, 2019, a total of $11,110 was payable to Mr. Terrence Flowers, who ceased to be a shareholder, officer and director on on July 9, 2018. During the year ended December 31, 2020, the Company repaid $11,000 to Mr. Flowers, leaving a balance due of $110 at December 31, ~~2021~~2022 and ~~2020~~ 2021. The amount is reflected on the balance sheet in related party payables.

F-19

Coleman Smith and ELOC Holdings Corp.

On July 9, 2018, Mr. William Coleman Smith was appointed to the Board of Directors of the Company and as President, Secretary and Treasurer of the Company. Subsequently, on July 10, 2018, the Company executed a consulting agreement with ELOC Holdings Corp., a company controlled by Mr. Smith, whereby ELOC will provide the services of Mr. Smith for a fee of $10,000 per month. On April 1, 2021, the Company revised Mr. Smith’s compensation so that he also receives $10,000 per month directly as an employee in addition to accrued monthly fees for management services provided through controlled entity ELOC. On ~~Holdings~~February 7, ~~Corp~~2022, isthe board of directors of the Company approved and authorized a ~~company~~further ~~controlled~~increase byof $10,000 per month in salary for Mr. Smith directly, effective January 1, 2022.

On April 29, 2014, our 60% controlled subsidiary, GZMC, entered into a management and consulting agreement with Mr. Smith, the sole officer and director of GZMC whereunder GZMC ~~was~~is required to pay an annual salary of $120,000 to Mr. Smith.

During the year ended December 31, 2020, Mr. Smith and ELOC Holdings Corp made short term loans with interest at 1.5% per month to the ~~Company~~ Company to pay various expenses. As of December 31, 2020, Mr. Smith, ELOC Holdings Corp. and the Company agreed to retroactively allocate interest in the amount of 5% per annum to loans, advances, wages and management fees payable by each of GZMC and the Company from January 1, 2020 forward. The parties entered into a single consolidated promissory note at 5% per annum for all amounts payable to each of ELOC and Smith, with a principal amount of $1,217,579 payable to ELOC, due on demand.

AsDuring ~~of December 31, 2020, Mr. Smith, ELOC Holdings Corp. and~~ the ~~Company~~fiscal ~~agreed~~year toended ~~retroactively~~December ~~allocate interest in the amount of 5% per annum to loans~~31, ~~advances~~2021, ~~wages and management fees payable by each of GZMC and~~ the Company ~~from~~paid ~~January 1, 2020 forward. The parties entered into~~ a ~~single~~total ~~consolidated~~of ~~promissory~~$151,854 ~~note for all amounts payable~~ to ~~each of~~ ELOC ~~and~~to ~~Smith,~~reduce ~~with~~the a principal ~~amount~~balance ofon ~~$1,217,579 payable~~the ~~to ELOC~~loan.

During the ~~fiscal~~ year ended December 31, ~~2021~~2022, the Company ~~paid~~issued a2,500,000 ~~total~~shares of ~~$151,854~~restricted tocommon ~~ELOC~~stock toin ~~pay~~partial ~~down~~payment ~~the~~of ~~principal~~his ~~balance~~promissory notes onin the ~~loan~~amount of $75,000, at $0.03 per share.

~~The~~During ~~following~~the ~~amounts~~year ~~were~~ended ~~included~~December 31, 2022, the Company’s CEO, William Coleman Smith entered into Promissory Notes with the Company for a total of $250,000 due and payable in ~~debt~~demand towith ~~related~~bearing ~~party~~interest at 1%. During the year ended December 31, 2022, the Company’s CEO, William Coleman Smith entered into Promissory Notes with the Company for a total of $200,100 due and payable on ~~our~~demand ~~Balance~~with ~~Sheets:~~bearing interest at 12%.

Balance at December 31, 2020, Debt, related party	$	1,217,579
Payments on loan		(151,854	)
Balance at December 31, 2021, Debt, related party.	$	1,065,725

The following amounts are included in debt to related party on our Balance Sheets:

The Company recorded associated interest expenses of $55,713 and $22,629 for the fiscal years ended December 31, 2021 and 2020, respectively.

Balance at December 31, 2020, Debt, related party	$	1,217,579
Payments on loan		(151,854	)
Balance at December 31, 2021, Debt, related party.		1,065,725
Shares issued to settle debt		(75,000	)
Promissory Notes for funding provided		450,100
Balance at December 31, 2022, Debt, related party.	$	1,440,825

~~During~~The ~~the~~interest ~~fiscal~~expenses ~~year~~related ~~ended December 31, 2021, the Company accrued $120,000 in management fees~~ to ~~ELOC~~above ~~and~~loans are ~~paid~~as management fees to Coleman Smith of $210,000. Further, Mr. Smith received payments for expenses and invoiced the Company for expenses paid on behalf of the Company leaving a net amount due for expenses of $17,085. follows:

F-23


	Year Ended
	December 31,
	2022		2021
Interest expense on notes	$	54,072	$	55,713

~~GZ6G~~During ~~TECHNOLOGIES~~the ~~CORP~~year ended December 31, 2022 the Company accrued $120,000 in management fees to ELOC and accrued $360,000 in management fees to Coleman Smith. The Company paid cash to accrued management fees to Coleman Smith of $295,000. During the year ended December 31, 2021, the Company accrued $120,000 in management fees to ELOC, and paid management fees to Coleman Smith of $210,000.

~~NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS~~F-20

~~DECEMBER~~The ~~31,~~following ~~2021~~amounts ~~AND~~are ~~2020~~included in related party payables on our Balance Sheets:

NOTE 8: RELATED PARTY TRANSACTIONS (continued)

	December 31, 2022		December 31, 2021
Coleman Smith, President	$	67,256	$	3,946
Interest payable		109,785		55,713
ELOC Holdings Corp.		240,000		120,000
Terrence Flowers		110		110
	$	417,151	$	179,769

~~Coleman~~On September 1, 2022, the Company issued 2,500,000 shares of restricted common stock, with a fair value $60,250, to William Coleman Smith for ~~and~~director ~~ELOC~~services ~~Holdings~~rendered ~~Corp.~~during ~~(continued)~~the first two quarters of 2022.

~~The following~~Stock ~~amounts~~Awards ~~were~~issued ~~included~~to inindependent ~~related party payables on our Balance Sheets:~~ directors

	December 31, 2021		December 31, 2020
Coleman Smith, President	$	3,946	$	-
Interest payable		55,713
ELOC Holdings Corp.		120,000		-
Terrence Flowers		110		110
	$	179,769	$	110

On September 1, 2022, the Company issued 100,000 shares of restricted common stock for directors’ services provided by each of Mr. Procniak and Mr. Hale, independent directors, with a fair value of $2,410, respectively.

~~Securities~~Sale ~~Purchase~~of ~~Agreement~~equity –in ~~William Coleman Smith~~GZMC

NOTE 9: OPERATING ~~COMMITMENTS~~LEASE

(On May 19, 2021, the Company signed an 18-month lease for office premises in California located at 1) OnTechnology ~~April~~Drive, 2Bldg. B, ~~2019~~Irvine, CA a92618, ~~vendor~~Suite ofno. ~~the~~B123 ~~Company~~occupying approximately 6,498 square feet of usable space. The terms of the ~~“Plaintiff”~~lease ~~filed~~provide afor ~~complaint~~basic ~~against~~monthly rent in the ~~Company’s~~first ~~60%~~year ~~controlled~~of ~~subsidiary~~approximately $9,097 per ~~Green~~month, ~~Zebra~~and $9,487 for ineach of the ~~Superior~~remaining ~~Court~~six ofmonths. ~~California~~In addition, ~~Orange~~the tenant ~~County~~is responsible for ~~unpaid~~their ~~invoices~~share ~~related~~of tooperating ~~services~~expenses, utilities and ~~products~~services. ~~sold~~On inFebruary ~~fiscal~~4, ~~2017~~2022, ~~including~~the ~~reasonable~~Company ~~value~~signed ina first amendment to the ~~amount~~lease agreement to extend the lease term to November 30, 2027. The terms of the lease provide for basic monthly rent starting in December 2022 of approximately $6110,~~899~~592, with annually increasing around 4%.~~62.~~ ~~The~~In ~~Court~~addition, ~~approved~~the tenant is responsible for their share of operating expenses, utilities and services. As a ~~default~~result ~~judgement~~of onthe ~~January~~adoption 23ASU No. 2016-02 – Topic 842 Leases, the Company ~~2020~~recognized ~~with~~a ~~respect~~lease liability and right-to-use ~~the~~asset ~~aforementioned~~of ~~claim~~approximately $645,440, ~~including~~which represented the ~~following:~~present value of the remaining minimum lease payments using an estimated incremental borrowing rate of 6.75% on January 1, 2022.

~~Schedule~~Future minimum lease payments in respect of ~~Default~~the ~~Judgement~~above leases as of December 31, 2022, as presented in accordance with ASC 842 were as follows:


2023		127,556
2024		133,014
2025		138,472
2026		143,931
2027		136,527
Total future minimum lease payments		679,500
Less: imputed interest		(105,601	)
Total		573,894
Current portion of operating lease		91,604
Long term portion of operating lease	$	482,290

NOTE 10: COMMITMENTS

(1)

On April 2, 2019, a vendor of the Company, the “Plaintiff” filed a complaint against the Company’s 60% controlled subsidiary, Green Zebra, in the Superior Court of California, Orange County for unpaid invoices related to services and products sold in fiscal 2017, including reasonable value in the amount of $61,899.62. The Court approved a default judgement on January 23, 2020, with respect to the aforementioned claim, including the following:

Schedule of default judgement


Damages	$	61,890
Prejudgment interest at the annual rate of 10%		9,835
Attorney fees		1,200
Other costs		505
Total judgement value	$	73,430

As of December 31, 2020 and March 31, 2021, the Company was unaware of the judgement. In April 2021, the Plaintiff perfected the judgement and obtained a hold against a bank account controlled by Green Zebra in the approximate amount of $16,282, which amount was subsequently released to the Plaintiff and has been recorded as a reduction to the balance owing to the Plaintiff. The Company remitted a further $2,420 towards the outstanding balance. At December 31, 2021 a total of $54,738 remained outstanding. The Company and the Plaintiff are currently in discussions regarding the claimed amount.F-21

~~(2)~~In April ~~On August 10~~2021, ~~2019,~~ the ~~Company’s~~Plaintiff ~~CEO,~~perfected ~~Mr.~~the ~~William~~judgement ~~Coleman~~and ~~Smith,~~obtained ~~entered into~~ a ~~lease~~hold ~~agreement~~against ~~with~~a ~~IAC~~bank ~~Apartment~~account ~~Development~~controlled JVby ~~LLC~~Green toZebra ~~lease~~in ~~space~~the atapproximate amount ~~861 Tularosa, Irvine, California for a one-year term at a rental rate~~ of $316,~~455 per month~~282, ~~plus~~which ~~utilities,~~amount ~~for~~was ~~the~~subsequently ~~Company’s~~released ~~subsidiary,~~to ~~Green Zebra Media Corp. Green Zebra will use~~ the ~~space~~Plaintiff ~~for its operations. On April 1, 2020, the landlord~~ and ~~the~~has ~~Company~~been ~~agreed~~recorded toas a ~~rental~~reduction ~~deferment agreement~~ to ~~defer~~ the ~~rental~~balance ~~costs~~owing to bythe ~~50% as a result of COVID-19~~Plaintiff. The ~~monthly~~Company ~~rent~~has ~~commencing~~remitted ~~April~~a 1,further ~~2020 was~~ $12,~~727~~420 towards ~~plus~~the ~~utilities.~~outstanding ~~The rental deferment ended on June 1, 2020~~balance. ~~The~~At ~~original~~December ~~lease expired on August 9~~31, ~~2020~~2022 and ~~was renewed on expiry for another one-year term at a reduced rate of $3~~2021,~~350~~ ~~per month. On August 16, 2021 the Company renewed~~ a ~~lease for a further one-year term at a rental rate~~ total of $354,~~620~~738 remained ~~per month, plus utilities, for the Company’s subsidiary, Green Zebra Media Corp~~outstanding. The Company ~~has~~and ~~elected to apply~~ the ~~short-term~~Plaintiff ~~scope~~are ~~exception~~currently ~~for~~in ~~leases~~discussions ~~with~~regarding ~~terms of 12 months or less at~~ the ~~inception~~claimed ~~of the lease and will continue to recognize rent expense on a straight-line basis~~amount.

F(2) On August 10, 2019, the Company’s CEO, Mr. William Coleman Smith, entered into a lease agreement with IAC Apartment Development JV LLC to lease space at 861 Tularosa, Irvine, California for a one-24year term at a rental rate of approximately $3,400 per month, plus utilities, for the Company’s subsidiary, Green Zebra Media Corp. Green Zebra uses this space for its operations. The Company elected to apply the short-term scope exception for leases with terms of 12 months or less at the inception of the lease and continues to recognize rent expense on a straight-line basis. The lease was renewed for two further 1-year terms expiring on October 9, 2022. Upon expiry of the lease the Company continues to use the space on a month-to-month basis at a rate of $3,620 per month plus utilities.

~~GZ6G TECHNOLOGIES~~(3) ~~CORP~~On September 14, 2020, GZMC entered into a WiFi Media Solution Agreement (the “Media Agreement”) with a city in Iowa in regard to a city owned location (“venue location”) whereby GZMC was granted rights to provide sponsorship advertising, performance marketing and professional services. Under the terms of the Media Agreement, GZMC must pay fees to the city at an annual rate of $94,000 per annum for a period of 5 years following the initial operation of the venue location, the opening of which was delayed past December 31, 2021, as a result of COVID-19 restrictions. GZMC is anticipating the start date for this project to occur during fiscal 2023 based on acquiring the various bonds and licenses as may be required and the official commencement of venue services.

~~NOTES TO~~(4) ~~THE~~On ~~AUDITED~~April ~~CONSOLIDATED~~25, ~~FINANCIAL~~2021, ~~STATEMENTS~~the Company entered into an Equity Purchase Agreement with World Amber Corp., whereby the Company agreed to sell to World Amber Corp up to 16,666,667 shares of the Company’s common stock for a maximum commitment amount of $5,000,000 at $0.30 per share. The Company has submitted a registration statement on Form S-1 to the Securities and Exchange Commission in order facilitate this funding agreement which was deemed effective on September 24, 2021. On each of November 2, 2021, and November 3, 2021, the Company presented a Put to World Amber Corp., pursuant to the Effective S-1 Registration Statement for $50,000 each Put, as a result the cumulative $100,000 in funds resulted in the issuance of 333,334 shares of registered common stock at $0.30 per share. The Registration statement expired on September 24, 2022. No further shares will be sold under this financing agreement.

~~DECEMBER 31~~(5) On November 10, 2021, ~~AND~~the ~~2020~~Company entered into a Registration Right Agreement with Mast Hill Fund, L.P. (the “Investor”), whereby the Company has agreed, upon the terms and subject to the conditions of the Purchase Agreement, to sell to the Investor up to Ten Million Dollars ($10,000,000.00) of Put Shares at an originally estimated put price of $2.00 per share, subject to adjustment in accordance with the terms of the agreement which calls for valuation of the Put price equal to 90% of the volume weighted average price of the Company’s Common Stock on the Principal Market on the Trading Day immediately preceding the respective Put Date, and subject to a valuation period of seven (7) Trading Days immediately following the Clearing Date associated with the applicable Put Notice during which the Purchase Price of the Common Stock is valued in order to establish the applicable Purchase Price. To induce the Investor to enter into the Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the “Securities Act”), and applicable state securities laws. The Registration was deemed effective on May 11, 2022. The Company issued an accumulated 4,747,662 shares of common stock under this agreement for net proceeds of $151,104 in the year ended December 31, 2022.

~~NOTE 9:~~(6) ~~COMMITMENTS~~On April 7, 2022, the Company entered into Professional Relations and Consulting Agreement (~~continued~~Agreement) with Acorn Management Partners, LLC (Acorn), a Georgia Limited Liability Company, wherein the Company will pay Acorn $11,500 per month, and issue, or cause to be issued, $120,000 worth of the Company’s restricted common stock in three tranches, total shares equivalent to $60,000 for the first six month period and total shares equivalent to $30,000 for each of the remaining two three-month periods. The term of the Agreement is for one year, broken down into three periods; the first began on April 8, 2022, and is for six months. The next two periods are for three months each. The Agreement may be terminated at any time, in writing, by either party. If the Agreement is terminated by the Company before the end of any period, Acorn will be entitled for full payment of the period, and the full issuance of the shares for that period. The Company issued a total of 51,282 unregistered restricted shares on April 15, 2022, in respect of the first installment of $60,000 worth of common stock under the terms of the Agreement which shares are valued at fair market value on the date of issue. On July 19, 2022, 383,000 unregistered shares of the Company’s common stock were issued to Acorn Management Partners, LLC in lieu of cash payments of $60,000 owed to Acorn pursuant to an Addendum to that Consulting Agreement entered into on July 6, 2022. The agreement terminated on April 7, 2023.

(3) On September 14, 2020, GZMC entered into a WiFi Media Solution Agreement (the “Media Agreement”) with a city in Iowa in regard to a city owned location (“venue location”) whereby GZMC was granted rights to provide sponsorship advertising, performance marketing and professional services. Under the terms of the Media Agreement, GZMC must pay fees to the city at an annual rate of $94,000 per annum for a period of 5 years following the initial operation of the venue location, the opening of which was delayed past December 31, 2021 as a result of COVIDF-19 restrictions. GZMC is anticipating the start date for this project to occur during fiscal 2022 based on acquiring the various bonds and licenses as may be required and the official commencement of venue services.22

(47) On ~~May~~July 197, ~~2021~~2022, ~~the~~effective ~~Company~~June ~~signed~~14, an2022, ~~18-month~~the ~~lease~~Company ~~for~~entered ~~office~~into ~~premises~~a inSponsorship ~~California~~& ~~located~~Services atAgreement 1(Agreement) ~~Technology~~with ~~Drive,~~the ~~Bldg~~Texas B,Rangers ~~Irvine,~~MLB CAStadium ~~92618,~~called ~~Suite~~Globe ~~no.~~Life ~~B123~~Field ~~occupying~~(Rangers) ~~approximately~~wherein ~~6,498~~the ~~square~~Rangers ~~feet~~granted ofsponsorship ~~usable~~benefits ~~space~~to the Company. The ~~terms~~Agreement ofcalls ~~the lease provide~~ for ~~basic~~advanced ~~monthly~~sponsorship ~~rent~~revenue inshare ~~the~~payments ~~first year~~ of ~~approximately~~ $9375,~~097~~000 ~~per~~by ~~month,~~the ~~and~~Company ~~$9,487~~to ~~for~~the ~~each~~Rangers ofduring the ~~remaining~~fiscal ~~six~~years ~~months.~~2023 Inand ~~addition~~2024, ~~the~~pursuant ~~tenant~~to isa ~~responsible~~split ~~for~~fee ~~their~~arrangement ~~share~~for ofWiFi ~~operating~~managed ~~expenses,~~services ~~utilities~~ and ~~services~~Sponsorship opportunity. AsThe aAgreement ~~result~~offers of the ~~adoption~~rights ~~ASU~~of ~~No. 2016-02 – Topic 842 Leases,~~ the Company ~~recognized~~to aplace ~~lease~~stadium ~~liability~~ads ~~and~~in ~~right-to-use~~a ~~asset~~shared ofrevenue ~~approximately~~model. ~~$157,462,~~The ~~which~~Company ~~represented~~will ~~the~~also ~~present~~manage ~~value of~~ the ~~remaining~~WiFi ~~minimum~~Network ~~lease~~captive ~~payments~~portal ~~using~~remotely, as an ~~estimated~~exclusive ~~incremental borrowing rate of 6~~arrangement.~~75%~~ onSubsequent ~~June~~to 1,the ~~2021.~~year ~~Total~~ended ~~future~~December ~~payments are $102~~31,~~408~~ ~~and~~2022 ~~imputed~~the ~~interest~~Company isremitted ~~$3,405,~~the ~~leaving~~first ~~lease~~semi-annual ~~liabilities~~installment of $99187,~~003~~500 asunder atthe ~~December~~terms ~~31,~~of ~~2021~~the contract.

(58) OnDuring ~~April~~the 25year ended December 31, ~~2021~~2022, the Company entered into ana ~~Equity~~Sponsorship ~~Purchase~~& Services Agreement ~~with~~(Agreement), ~~World~~as ~~Amber Corp.~~amended, ~~whereby~~with the ~~Company~~Kansas ~~agreed~~City toRoyals ~~sell~~Baseball toclub ~~World~~(the ~~Amber~~“Royals”) ~~Corp~~whereunder upthe toRoyals ~~16,666,667~~granted ~~shares~~sponsorship ofbenefits to the Company’s ~~common stock~~ for a ~~maximum~~term ~~commitment~~running ~~amount~~from ofDecember $51,~~000,000~~ at2022 ~~$0.30~~until ~~per~~the ~~share.~~date ~~The~~of ~~Company~~the ~~has~~last ~~submitted~~MLB agame ~~registration~~in ~~statement~~2027, onunless ~~Form~~terminated ~~S-1~~earlier. toThe ~~the~~Agreement ~~Securities~~calls ~~and~~for ~~Exchange~~annual ~~Commission~~escalating inpayments ~~order~~by ~~facilitate~~the ~~this~~Company ~~funding~~to ~~agreement~~the ~~which~~Royals ~~was~~during ~~deemed~~the ~~effective~~fiscal onyears ~~September~~2023 ~~24,~~through ~~2021.~~2027 Onof ~~each~~$400,000, of$420,000, ~~November~~$441,000, 2$463,000 ~~2021~~and $486,202 and ~~November~~annual 3,invoices ~~2021,~~to the ~~Company~~Royals ~~presented~~of a$400,000 ~~Put~~payable toin ~~World~~four ~~Amber~~equal ~~Corporation,~~installments ~~pursuant~~during tofiscal ~~the~~2023 ~~Effective~~and ~~S-1~~three ~~Registration~~equal ~~Statement~~installments during fiscal 2024 through 2027. In consideration for ~~$50,000~~the ~~each~~fees ~~Put,~~paid the ~~cumulative~~Company ~~$100,000~~will inhave ~~funds~~sponsorship ~~requiring~~rights, within the ~~issuance~~venue, ofacross ~~333,334~~IPTV ~~shares~~(internet ofprotocol ~~registered~~television) ~~common~~and ~~stock~~fans’ atmobile ~~$0.30~~devices ~~per~~during ~~share~~live games and other events.

~~(5)~~NOTE 11: CAPITAL On November 10, 2021, the Company entered into a Registration Right Agreement with Mast Hill Fund, L.P., whereby the Company has agreed, upon the terms and subject to the conditions of the Purchase Agreement, to sell to the Investor up to Ten Million Dollars ($10,000,000.00) of Put Shares (as defined in the Purchase Agreement) and to induce the Investor to enter into the Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the “Securities Act”), and applicable state securities laws.STOCK

~~NOTE~~The Company has authorized 1,000,000,000 common shares with a par value of $0.001, 10:,000,000 shares ~~CAPITAL~~of ~~STOCK~~Series A Preferred Stock, par value $0.004 and 1 share of Series B Preferred Stock, par value $0.001. The shares of Series A Preferred Stock are convertible into shares of Common Stock on the basis of 10 shares of Common Stock for every 1 share of Series A Preferred Stock and have voting rights of one vote for each share of Series A Preferred Stock held. The Series B Preferred Stock is not convertible but has voting rights granting the holder 51% of all votes (including common and preferred stock) entitled to vote at any meeting of the stockholders of the Company. Neither the Series A nor Series B Preferred Stockholders have any rights to dividends or proceeds of the assets of the Company upon any liquidation or winding up of the Company.

The Company has authorized 500,000,000 common shares with a par value of $0.001, 10,000,000 shares of Series A Preferred Stock, par value $0.004 and 1 share of Series B Preferred Stock, par value $0.001. The shares of Series A Preferred Stock are convertible into shares of Common Stock on the basis of 10 shares of Common Stock for every 1 share of Series A Preferred Stock and have voting rights of one vote for each share of Series A Preferred Stock held. The Series B Preferred Stock is not convertible but has voting rights granting the holder 51% of all votes (including common and preferred stock) entitled to vote at any meeting of the stockholders of the Company. Neither the Series A nor Series B Preferred Stockholders have any rights to dividends or proceeds of the assets of the Company upon any liquidation or winding up of the Company.

F-25

GZ6G TECHNOLOGIES CORP.

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 10: CAPITAL STOCK (continued)

Common Stock

Shares of common stock issued during the year ended December 31, 2022:

On February 8, 2022, pursuant to an Engagement Agreement with Carter, Terry & Company, an authorized, registered broker dealer, the Company issued a total of 10,769 shares of common stock as compensation. The Company recorded $22,399 as financing cost.

On April 7, 2022, pursuant to an Engagement Agreement with Acorn Management Partners, LLC, the Company issued a total of 51,282 shares of common stock as compensation. The Company recorded $60,000 as investor relations services. Further, on July 19, 2022, 383,000 unregistered shares of the Company’s common stock were issued to Acorn Management Partners, LLC with a fair value of $69,000 as compensation owed to Acorn pursuant to a Professional Relations and Consulting Agreement (Consulting Agreement) entered into on April 7, 2022, and an Addendum to that Consulting Agreement entered into on July 6, 2022.

On May 23, 2022 pursuant to an Engagement Agreement with Beyond Media SEZC, the Company issued a total of 1,818,181 shares of common stock as compensation. The Company recorded $600,000 as investor relationship expenses.

On May 27, 2022 the Company issued 356,364 shares of common stock as a result of the exercise of a cashless warrants.

F-23

On July 7, 2022 the Company issued 560,000 shares of common stock to Talos for total proceeds of $53,751 at $0.095985 per share pursuant to the exercise of a share purchase warrant.

On August 3, 2022, the Company issued 1,538,462 shares of common stock to lender eSilkroad Network Ltd. in consideration for $300,000 in loans previously provided under the terms of a convertible note agreement convertible at $0.195 per share.

On September 1, 2022, the Company issued 2,500,000 shares of restricted common stock to William Coleman Stock in partial payment of his promissory notes in the amount of $75,000, at $0.03 per share. The Company recorded a gain of $14,750 on settlement.

On September 1, 2022, the Company issued a cumulative 2,700,000 shares of restricted common stock for directors’ services provided by Mr. Smith, Mr. Procniak and Mr. Hale during the first two quarters of 2022, with a fair value of $65,070.

On December 1, 2022 the Company issued 550,883 shares of common stock as a result of the exercise of a cashless warrants.

The Company issued an accumulated 31,981,397 shares of common stock pursuant to Notice of Conversion from lenders in the principal amount of $510,851, and in the accrued interest payable of $124,742 with a fair value of $1,052,132 and fees with a fair value of $32,408.

The Company issued an accumulated 4,747,662 shares of common stock under an Equity Purchase Agreement with Mast Hill Fund, L.P. with net proceeds of $151,104 (Note 10(5)).

Shares of common stock issued during the year ended December 31, 2021:

On April 8, 2021, the Company and William Coleman Smith, officer and director entered into a securities purchase agreement whereunder Mr. Smith sold an additional 9% interest in GZMC to the Company for consideration of 10 million unregistered, restricted shares of common stock. On the conclusion of the transaction, the Company controls 60% of GZMC. The transaction occurred between parties under common control and the value of the shares was recorded at par value or $0.001 per share, in addition as a result of the change in ownership percentage to account for the additional 9% interest the Company recorded a reduction to additional paid in capital of $142,649 as of the acquisition date.

On each of November 2, 2021, and November 3, 2021, the Company presented a Put to World Amber Corporation, pursuant to the Effective S-1 Registration Statement for $50,000 each Put, for a cumulative $100,000 in funds requiring the issuance of 333,334 shares of registered common stock at $0.30 per share.

~~During~~As ~~the~~of ~~year ended~~ December 31, ~~2020~~2022, ~~the~~and ~~Company~~December ~~issued~~31, ~~a total of 600~~2021,~~000~~ ~~shares~~there inwere ~~respect to a private placement at $0.~~70,837,511 and 25 ~~per share for total proceeds of $150~~,~~000. The $150~~177,~~000~~973 shares ~~is reflected on the balance sheets~~ of ~~the~~common ~~Company~~stock asissued ~~a Subscription Receivable~~ and ~~was received~~outstanding, ~~in January 2021~~respectively.

As of December 31, 2021 and December 31, 2020, there were 25,177,973 and 12,793,357 shares of common stock issued and outstanding, respectively.

Series A Preferred Stock

The total number of Series A Preferred stock that may be issued by the Company is 10,000,000 shares with a par value of $0.004.

OnAs of December 31, ~~2021~~2022 and December 31, ~~2020~~2021, there are a total of 5,000,000 shares of Series A Preferred Stock issued and outstanding.

Series B Preferred Stock

The total number of Series B Preferred Stock that may be issued by the Company is 1 share with a par value of $0.001.

OnAs of December 31, ~~2021~~2022 and December 31, ~~2020~~2021, there is 1 share of Series B Preferred stock issued and outstanding.

F-24

Share Purchase Warrants

On November 11, 2021, the Company entered into a Warrant Agreement with J.H. Darbie and Company, an authorized, registered broker dealer, wherein J.H. Darbie and Company may purchase 10,487 shares of common stock for $1.00 per share, as a Finder’s Fee for introducing the Company to MHFLP. The fair value of the warrants granted was estimated at $25,141 using the Black-Scholes pricing model

In November and December 2021, the Company issued ~~accumulated~~ cumulative 1,120,000 warrants to convertible note holders and subscribers for ~~common~~ common shares, in accordance with the terms of subscription unit agreements into with the convertible note holder and subscribers. The ~~fair~~ fair value of the warrants granted was estimated at $503,973 using the Black-Scholes pricing model.

FIn April and May 2022, the Company issued a total of 1,831,667 warrants to convertible note holders and subscribers for common shares, in accordance with the terms of subscription unit agreements entered into with the convertible note holders and subscribers. The fair value of the warrants granted was estimated at $360,967 using the Black-26Scholes pricing model.

~~GZ6G~~In ~~TECHNOLOGIES~~September ~~CORP~~2022, the Company issued a total of 3,520,000 warrants to convertible note holders and subscribers for common shares, in accordance with the terms of subscription unit agreements entered into with the convertible note holders and subscribers. The fair value of the warrants granted was estimated at $52,702 using the Black-Scholes pricing model.

~~NOTES~~In TONovember ~~THE~~and ~~AUDITED~~Dec ~~CONSOLIDATED~~2022, ~~FINANCIAL~~the ~~STATEMENTS~~Company issued a total of 14,120,000 warrants to convertible note holders and subscribers for common shares, in accordance with the terms of subscription unit agreements entered into with the convertible note holders and subscribers. The fair value of the warrants granted was estimated at $192,473 using the Black-Scholes pricing model.

~~DECEMBER~~During the year ended December 31, ~~2021~~2022, ~~AND~~the ~~2020~~Company issued a total of 497,317 warrants to J.H. Darbie under various warrants agreements as a Finder’s Fee for introducing the Company to MHFLP. The fair value of the warrants granted was estimated at $68,356 using the Black-Scholes pricing model.

~~NOTE~~During ~~10:~~the ~~CAPITAL~~year ~~STOCK~~ended ~~(continued)~~December 31, 2022, the Company issued a total of 560,000 warrants to Mast Hill as financing cost. The fair value of the warrants granted was estimated at $639,620 using the Black-Scholes pricing model.

~~Share~~During ~~Purchase~~the ~~Warrants~~year ~~(continued)~~ended December 31, 2022, 907,247 shares of common stock were issued from the exercise of 1,120,000 cashless warrants. 560,000 shares of common stock issued at $0.095985 per share pursuant to the exercise of a share purchase warrant.

Certain warrants above include dilution protection for the warrant holders, which could cause the exercise price to be reduced as a result of a financing event at a valuation below the exercise price in effect at the time. During the year ended December 31, 2022, as a result of additional share issuances below the original exercise price of certain warrants, the warrant exercise price was downward adjusted to $0.020025 per share.

In accordance with authoritative accounting guidance, the fair value of the outstanding common stock purchase warrants was calculated using the Black-Scholes option-pricing model with the following assumptions at the measurement date(s):

	Measurement date
Dividend yield		0%	%
Expected volatility	~~279~293%~~	265~297%
Risk-free interest rate	~~0.83~1.22%~~	0.83~4.36%
Expected life (years)	~~3.00~5.00~~	3.00~5.00
Stock Price		$10.99017~ $2.4080
Exercise Price		$0.10 ~ $1.00

~~The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company at December 31, 2021:~~ F-25

Exercise	Number	Expiration
Price	Outstanding	Date
$1.00	560,000	November 2024
$1.00	560,000	December 2024
$1.00	10,487	November 2026

The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company at December 31, 2022 and 2021:

A summary of the warrant activity for the year ended December 31, 2021 is as follows:

Exercise Price		December 31, 2021		Issued		Repricing		Exercised			December 31, 2022		Expiration Date
$	1.00		560,000						(560,000	)		-
$	1.00		560,000				0.095985		(560,000	)		-
$	1.00		10,487				0.020025					10,487	November 2026
$	1.00				925,000		0.020025		(560,000	)		365,000	April 2027
$	1.20				16,417		0.020025					16,417	April 2027
$	0.30				1,466,667		0.020025					1,466,667	May 2025
$	0.36				66,000		0.020025					66,000	May 2027
$	0.10				3,520,000		0.020025					3,520,000	September 2027
$	0.12				79,200							79,200	September 2027
$	0.10				8,260,000		0.020025					8,260,000	November 2027
$	0.12				203,850		0.020025					203,850	November 2027
$	0.10				5,860,000		0.020025					5,860,000	December 2027
$	0.12				131,850		0.020025					131,850	December 31, 2022
			1,130,487		20,528,984				(1,680,000	)		19,979,471

			Weighted- Average Exercise		Weighted- Average Remaining Contractual		Aggregate Intrinsic
	Shares		Price		Term		Value
Outstanding at December 31, 2020		-	$	-		-	$	-
Grants		1,130,487		1.00		3.02		-
Exercised		-		-		-		-
Expired		-		-		-		-
Outstanding at December 31, 2021		1,130,487	$	1.00		2.93	$	-
Exercisable at December 31, 2021		1,130,487	$	1.00		2.93	$	-

A summary of the warrant activity for the period ended December 31, 2022 and 2021 is as follows:

NOTE 11: INCOME TAX

				Weighted- Average Exercise		Weighted- Average Remaining Contractual		Aggregate Intrinsic
	Shares			Price		Term		Value
Outstanding at December 31, 2021		1,130,487		$	1.00		2.93	$	-
Grants		20,528,984			0.395		4.80		-
Exercised		(1,680,000	)		-		-		-
Expired		-			-		-		-
Outstanding at December 31, 2022		19,979,471		$	0.020025		4.68	$	-

Exercisable at December 31, 2022		19,979,471		$	0.020025		4.68	$	-

The income tax expense (benefit) at a federal rate of 21% and a state tax rate of 0% consisted of the following for the years ended December 31, 2021 and December 31, 2020:

	December 31, 2021		December 31, 2020
Total current	$	-	$	-
Total deferred		-		-
	$	-	$	-

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

The following is a reconciliation of the expected statutory federal income tax and state income tax provisions to the actual income tax benefit for the years ended December 31, 2021 and 2020:

	December 31, 2021			December 31, 2020
Expected benefit at federal statutory rate	$	2,106,600			997,500
Change in valuation allowance		(2,106,600	)		(997,500	)
	$	-		$	-

The Company had deferred income tax assets as of December 31, 2021 and 2020 as follows:

	December 31, 2021			December 31, 2020
Loss carryforwards	$	3,372,800		$	1,266,200
Less - valuation allowance		(3,372,800	)		(1,266,200	)
Total net deferred tax assets	$	-		$	-

The Company has several unfiled tax years since a change in control in fiscal 2018, and certain prior filed returns are also open for examination by the taxing authorities. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the periods presented above. The Company had no accruals for interest and penalties at either December 31, 2020 and 2019. The Company’s utilization of any net operating loss carry-forward may be unlikely as a result of the change in control which occurred in fiscal 2018 and its change in business activities.

NOTE 12: SUBSEQUENT EVENTS

On ~~February~~January 723, ~~2022~~2023 we entered into a Promissory Note with Mast Hill Fund, L.P. for the ~~board~~Principal Amount of ~~directors~~$293,000, and an Actual Amount of Purchase Price of $263,700. The Conversion rate on the ~~Company~~note ~~approved~~is ~~and~~$0.0035 ~~authorized~~per anshare, ~~increase~~subject ofto adjustments. The total disbursement to GZ6G was $10250,~~000~~789, ~~per~~with ~~month~~a interm ~~salary~~of ~~for~~twelve ~~the~~months ~~sole~~and an interest rate of 12%. Proceeds will be ~~officer~~used, for operating costs and further execution of GZ6G’s business plans. Concurrently the Company, ~~William~~issued ~~Coleman~~Mast ~~Smith,~~Hill ~~effective~~a ~~January~~stock 1purchase warrant for the purchase of 11,720,000 ~~2022~~shares of common stock at an exercise price of $0.05 per share for a term of five years.

~~Subsequent~~On toMarch 8, 2023 we entered into a Promissory Note with 1800 Diagonal Lending LLC for the ~~year~~Principal ~~ended~~Amount ~~December~~of 31$116,760 ~~2021~~and an Actual Amount of Purchase Price of $104,250. The ~~pursuant~~total disbursement to anGZ6G ~~Engagement~~was ~~Agreement~~$100,000, with ~~Carter,~~a ~~Terry~~term &of ~~Company,~~twelve months and an ~~authorized,~~interest ~~registered~~rate of ~~broker~~12%. ~~dealer~~The note requires 10 monthly payments of $13,077.10 commencing April 30, 2023. In the ~~Company~~event ~~issued~~of default the holder shall have the right to convert interest and principal into shares of common stock based on a ~~total~~conversion price of 75% of the lowest trading price of the Company’s common stock in the preceding 10 days. Proceeds will be used,~~769~~ ~~compensation~~for ~~shares.~~operating costs and further execution of GZ6G’s business plans.

On March 8, 2023 we entered into a Promissory Note with Mast Hill Fund, L.P. for the Principal Amount of $293,000, and an Actual Amount of Purchase Price of $263,700. The Conversion rate on the note is $0.0035 per share, subject to adjustments. The total disbursement to GZ6G was $250,789, with a term of twelve months and an interest rate of 12%. Proceeds will be used, for operating costs and further execution of GZ6G’s business plans. Concurrently the Company issued Mast Hill a stock purchase warrant for the purchase of 11,720,000 shares of common stock at an exercise price of $0.05 per share for a term of five years.

In accordance with the terms of a finder’s fee agreement with J.H. Darbie the Company issued cumulative 527,400 stock purchase warrants for exercise at $0.06 per share for a term of five years from issue date.

Subsequent to the year ended December 31, 2022 the Company increased its authorized capital from 510,000,001 to 1,010,000,001 authorized shares of which there are authorized 1,000,000,000 common shares with a par value of $0.001, 10,000,000 shares of Series A Preferred Stock, par value $0.004 and 1 share of Series B Preferred Stock, par value $0.001.

Subsequent to the year ended December 31, 2022 the Company issued 57,563,655 shares of common stock to various lenders upon receipt of notices of conversion at prices between $0.0035 and $0.195 per share.

The Company has evaluated subsequent events from the balance sheet date through the date that the financial statements were issued and determined that there are no additional subsequent events requiring disclosure.

F-2726

ITEM 9 – CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None

ITEM 9A – CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, as of December 31, ~~2021~~2022, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended. Based on this evaluation, our principal executive officer and principal financial officer have concluded that, based on the material weaknesses discussed below, our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed by us in reports filed or submitted under the Securities Exchange Act were recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms and that our disclosure controls are not effectively designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Management’s Annual Report on Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting. As defined in Rules 13a-15(f) under the Securities Exchange Act of 1934, internal control over financial reporting is a process designed by, or under the supervision of, the Company’s principal executive, principal operating and principal financial officers, or persons performing similar functions, and effected by the Company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP.

The Company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records, that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the Company’s assets; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of the Company’s management and directors; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Our management, including our principal executive officer and principal financial officer, assessed the effectiveness of our internal control over financial reporting at December 31, ~~2021~~2022. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework (2013). Based on that assessment under those criteria, management has determined that, as of December 31, ~~2021~~2022, our internal control over financial reporting was not effective.

Our internal controls are not effective for the following reasons: (i) there is an inadequate segregation of duties consistent with control objectives as management is comprised of only one person who is the Company’s principal executive officer and principal financial officer and, (ii) the Company has just recently formed an audit committee with a financial expert, and thus the Company lacks the board oversight role within the financial reporting process.

2124

In order to mitigate the foregoing material weaknesses, we have engaged an outside accounting consultant with significant experience in the preparation of financial statements in conformity with GAAP to assist us in the preparation of our financial statements to ensure that these financial statements are prepared in conformity with GAAP. We will continue to monitor the effectiveness of this action and make any changes that our management deems appropriate.

We would need to hire additional staff to provide greater segregation of duties. Currently, it is not feasible to hire additional staff to obtain optimal segregation of duties. Management will continue to reassess this matter to determine whether improvement in segregation of duty is feasible. In addition, we would need to expand our board to include independent members.

Going forward, we intend to evaluate our processes and procedures and, where practicable and resources permit, implement changes in order to have more effective controls over financial reporting.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the year ended December 31, ~~2021~~2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

This Annual Report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to the exemption provided to issuers that are not “large, accelerated filers” nor “accelerated filers” under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

ITEM 9B – OTHER INFORMATION

None

ITEM 9C- DISCLOSURE REGARDING FOREGIN JURISDICTIONS THAT PREVENT INSPECTIONS

Not Applicable

2225

PART III

ITEM 10 – DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANACE

We are dependent on the efforts and abilities of senior management. The interruption of services of senior management could have a material adverse effect on our operations, profits and future development if suitable replacements are not promptly obtained. No assurance can be given that each executive will remain with us. All of our officers and directors will hold office until their resignation or removal.

The following table sets forth the names and ages of our current directors and executive officers as well as the principal offices and positions held by each person. Our Board of Directors appoints our executive officers. Our directors serve until the earlier occurrence of the election of his or her successor at the next meeting of shareholders, death, resignation or removal by the Board of Directors. Other than Mr. Smith, we have no promoters as Rule 405 of Regulation S-K defines that term.

NAME	AGE	POSITION
William Coleman Smith	6061	Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director
Brian Scott Hale	5556	Director
William Ray Procanik	5051	Director

EXECUTIVE SUMMARIES

William Coleman Smith, Founder, Sole Officer and Director, Member of Audit Committee

Coleman Smith has more than 25 years in the telecommunication industry and as a tech entrepreneur. He established two of the largest global cloud-based application networks for the media and education industry, and developed sales channel partnerships to launch a global e-learning network that sold software (SaaS) products through partner resellers worldwide, which he eventually sold in 2005. Because of his global network, in 2006 he started a digital marketing agency which was the first web-based cloud, ad network that grew to over 6,500 publishing partners, which transformed online display advertising before selling in 2010.

April 29, 2018, to Present:

Mr. Smith serves as the Chairman of the Board, Chief Executive Officer and President of Green Zebra Media Corp, the Company’s wholly owned subsidiary.

December 28, 2003, to Present:

Smith also serves as Chairman of the Board, CEO, and President of ELOC Holdings Corporation since its inception. ELOC Holdings Corporation is a digital media technology holdings company. Subsidiaries own and operate proprietary Web TV channels, social media network channels, 100’s of hours of documentaries, training and education programs, e-learning technology, digital content distribution technology, file sharing & collaboration technology, digital video production, and software development.

An experienced industry executive, Mr. Smith held numerous roles in Fortune 500 companies, including Major and National Account Representative for MCI Communications, Senior Clinical Representative for General Electric, and Senior Business Analyst for Dun and Bradstreet.

A recipient of numerous business awards such as the Ernst & Young Executive of the Year in 1999 and the Ernst & Young Entrepreneur of the Year in 1996, Smith also holds several ExecRank Certifications from “Understanding SEC Compliance” to “Translating Cybersecurity.” He’s also authored 13 Keep It Simple series books for Entrepreneurs.

In addition to his storied business career, Smith served as a military medic in the United States Navy from 1985 to 1990 and was honorably discharged.

Smith is a graduate of East Tennessee State University with a Bachelor of Science degree in Finance and also has his master’s degree in Business Administration from the University of Southern California.

2326

Brian Scott Hale: August 6, 2021 – Independent Director of GZ6G Technologies Corp., Member of Audit Committee

Mr. Hale has been the owner, and operator of Anchor Commercial Development, a commercial real estate development company, since August 2003, and continues to run Anchor Commercial Development on a daily basis, responsible for the day-to-day business operations. Mr. Hale has more than 20 years of commercial real estate development experience and has successfully founded, operated, and managed over a dozen multi-million-dollar companies with a focus on shopping center construction, renovation, maintenance, and management. Mr. Hale successfully opened, and was heavily involved, in every step of construction with his first shopping center, Dayco Crossing in 2003, a 44,000 sq. feet shopping center in Dayton, Tennessee. Today, he continues to build successful centers throughout the country with his company Anchor Commercial Development. Mr. Hale is poised to assist the facilitation of development for the company through technical analysis and creative solutions.

William Ray Procanik – August 6, 2021 - Independent Director – GZ6G Technologies Corp., Member of Audit Committee

Mr. Procanik has been the owner and operation of RIS Sales, an independent manufacturing company that consults and provides sales representation, for new retail products looking to supply a Big Box Retailer, since July 2014. He continues to run RIS Sales on a daily basis, overseeing the day-to-day operations of the company. Mr. Procanik has been in sales management and business development for the past twenty-five years and has worked with Fortune 500 Companies, as well as start-up companies and family businesses. In addition to sales management and business development, Mr. Procanik has experience in strategic planning, executive recruiting, contract negotiations, public relations and public speaking, and multi-store retail management. Mr. Procanik attended college at Springfield College, in Springfield, Massachusetts from 1990-1994, and studied business and liberal arts. He participated in College Varsity Football, Big Brothers/Big Sisters of Springfield MA and was involved in student government, and Young Entrepreneurs Organization. Mr. Procanik currently resides in Connecticut.

During the past ten years, except as noted above, the officers and directors of the Company have not been the subject of the following events:

A petition under the Federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;

2.	Convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);

3.	The subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities;

	i)	Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity;

	ii)	Engaging in any type of business practice; or

	iii)	Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;

244. The subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph 3.i in the preceding paragraph or to be associated with persons engaged in any such activity;

4. The subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph 3.i in the preceding paragraph or to be associated with persons engaged in any such activity; 5. Was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated; 6. Was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated; 7. Was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:27

5.	Was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;

6.	Was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;

7.	Was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:

	i)	Any Federal or State securities or commodities law or regulation; or

	ii)	Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or

	iii)	Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

8.	Was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26)), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29)), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Family Relationships

There are no family relationships among any of our officers or directors.

Committees of the Board of Directors

The Company has an audit committee comprised of two independent directors.

We have recently formed an audit committee with a “financial expert” within the meaning of the rules and regulations of the SEC.

The Company has no nominating or compensation committees at this time. The entire Board participates in the nomination and audit oversight processes and considers executive and director compensation. Given the size of the Company and its stage of development, the entire Board is involved in such decision-making processes. Thus, there is a potential conflict of interest in that our directors and officers have the authority to determine issues concerning management compensation, nominations, and audit issues that may affect management decisions. We are not aware of any other conflicts of interest with any of our executive officers or directors.

Code of Ethics

The Company has not as yet adopted a code of ethics applicable to our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions as required by the Sarbanes-Oxley Act of 2002 due to our small size and limited resources and because management’s attention has been focused on matters pertaining to raising capital and the operation of the business.

Delinquent Section 16(a) Reports

Section 16~~(a)~~ of the Securities Exchange Act ofrequires ~~1934~~our ~~requires~~directors and executive officers and ~~directors, and~~ persons who ~~beneficially~~ own more than 10% ~~percent~~ of a registered class of our equity securities ~~(“Reporting Persons”)~~ to file various reports ofwith ~~ownership~~the SEC concerning their holdings of, and ~~changes~~transactions in, ~~ownership~~our ~~with~~securities. ~~the~~Copies of ~~SEC~~these filings must be furnished to us. ~~During~~ Based on a review of the ~~fiscal~~copies ~~year~~of ~~ended~~such ~~December~~forms ~~31,~~furnished ~~2021~~to us, ~~the~~we ~~Company~~believe ~~did~~that ~~not~~each ~~have~~of Mr. William Coleman Smith, a ~~requirement~~director ~~for~~and ~~Reporting~~our ~~Persons~~Chief Executive Officer and Chief Financial Officer, Mr. Brian Scott Hale, director and Mr. William Procanik. Director each have failed to file ~~reports~~their ~~under~~initial ~~Section~~report on Form 3 reporting his ownership of our shares of common stock ~~16(~~and subsequently failed to file a) Form 4 reporting the acquisition of additional shares during the ~~Act~~year ended December 31, 2022.

Changes in Nominating Process

There are no material changes to the procedures by which security holders may recommend nominees to our Board.

ITEM 11 – EXECUTIVE COMPENSATION

Summary Compensation Table.

The table set forth below summarizes the annual and long-term compensation for services in all capacities to us payable to our CEO (William Coleman Smith) during the years ended December 31, ~~2021~~2022 and ~~December 31, 2020~~2021. Mr. Smith is the sole officer and director that received compensation from us for the years ended December 31, 2021 and ~~2020~~2021 in excess of $100,000. ~~William Smith’s various employment agreements each provide for salary payments of $10,000.00 per month, respectively.~~ Our Board of Directors may adopt an Equity Incentive Plan for us that may result in the granting stock based compensation for our CEO.

Name and Title	~~Year~~	~~Salary ($)~~Year	~~Bonus ($)~~	~~Stock Awards ($)~~	~~Option~~Salary ~~Awards~~ ($)	~~Non-Equity Incentive Plan ($)~~	~~Non-qualified Deferred ($)~~	~~All~~Bonus ~~other Compensation~~ ($)	~~Total ($)~~	Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan ($)		Non-qualified Deferred ($)		All other Compensation ($)		Total ($)
William C. Smith CEO, CFO, Treasurer, Secretary	~~2021~~	~~$330,000(1)~~	~~-0-~~2022	~~-0-~~	~~-0-~~$	~~-0-~~480,000	~~-0-~~(1)	~~-0-~~	~~$330,000(1)~~-0-		-0-		-0-		-0-		-0-		-0-	$	480,000	(1)
William C. Smith CEO, CFO, Treasurer, Secretary	2020	$240,000	-0-	-0-	-0-	-0-	-0-	-0-	$240,000(1)
William C. Smith CEO, CFO, Treasurer,Secretary			2021			330,000	(2)		-0-		-0-		-0-		-0-		-0-		-0-		330,000

(1) Of this amount $120,000 is unpaid and accrued monthly to Mr. Smith’s controlled entity, ELOC Holdings, Corp. and a further $65,000 is accrued and unpaid to Mr. Smith directly under this employment contract.

(2)	Of this amount $120,000 is unpaid and accrued monthly to Mr. Smith’s controlled entity, ELOC Holdings, Corp.

Notes to Summary Compensation Table:

On April 29, 2014, our 60% controlled subsidiary, GZMC, entered into a management and consulting agreement with Mr. Smith, the sole officer and director of GZMC whereunder GZMC was required to pay an annual salary of $120,000 to Mr. Smith.

Effective April 1, 2021, the Company revised Mr. Smith’s compensation so that he receives $10,000 per month directly as an employee in addition to accrued monthly fees for management services provided through controlled entity ELOC of $10,000, and $10,000 in paid monthly salary from GZMC. His contract was further revised effective January 2022 so that Mr. Smith receives a total of $20,000 per month as an employee of the Company, in addition to accrued monthly fees for management services provided through controlled entity ELOC of $10,000, and $10,000 in paid monthly salary from GZMC for total paid and accrued monthly compensation of $40,000 per month.

Director Compensation

Currently, there is no formal compensation in any form including payments of cash or in equity paid for services rendered as Directors. Additionally, no award of salary or equity has been accrued as payable for any director for any current or prior service. At this time no other plan for compensation has been developed for either salary or equity compensation. It is contemplated that the registrant would develop and approve a plan as soon as it has adequate resources to do so. Any future plans would be commensurate with the service provided and not exceed any industry standard for the size and performance of comparable companies in the same industry.

Each member of the Board of Directors received a stock award for services in fiscal 2022, however, at this time no other plan for compensation has been developed for either salary or equity compensation. It is contemplated that the registrant would develop and approve a plan as soon as it has adequate resources to do so. Any future plans would be commensurate with the service provided and not exceed any industry standard for the size and performance of comparable companies in the same industry.

Directors may be compensated for out-of-pocket expenses associated with attending Board of Directors’ meetings.

26Director’s compensation for the year ended December 31, 2022 is disclosed on the Director Compensation Table below:

There is no compensation disclosed on the Director Compensation Table below as the Directors of the Company received no compensation as Directors; instead, any compensation received is shown in the Executive Compensation Summary Table above for those Officers who happen also to be Directors of ours.

Director Compensation Table

(a)	~~(b)~~	(cb)	~~(d)~~	~~(e)~~	(fc)	~~(g)~~	~~(h)~~	(d)	(e)	(f)	(g)	(h)
					~~Change in~~					Change in
					Pension Value and
										Pension Value
	~~Fees Earned or~~	Fees Earned or		~~Non-Equity Incentive~~	~~Nonqualified Deferred~~				Non-Equity Incentive	and Nonqualified Deferred
	~~Paid in Cash~~	~~Stock~~Paid ~~Awards~~in Cash	~~Option Awards~~	~~Plan Compensation~~	~~Compensation~~Stock ~~Earnings~~Awards	~~All Other Compensation~~	~~Total~~	Option Awards	Plan Compensation	Compensation Earnings	All Other Compensation	Total
Name	~~($)~~	($)	~~($)~~	~~($)~~	($)	~~($)~~	~~($)~~	($)	($)	($)	($)	($)
William C. Smith	0	0	0	0	0	0	0
William C. Smith (1)		0			60,250			0	0	0	0	60,250
William Ray Procanik	0	0	0	0	0	0	0
William Ray Procanik (2)		0			2,410			0	0	0	0	2,410
Brian Scott Hale	0	0	0	0	0	0	0
Brian Scott Hale (3)		0			2,410			0	0	0	0	2,410

(1) On ~~August~~ 6September 1, ~~2021~~2022, Mr. ~~Brian~~Smith ~~Scott~~was ~~Hale~~issued ~~and~~2,500,000 ~~Mr.~~unregistered, ~~William~~restricted ~~Ray~~shares ~~Procanik were appointed to the Board~~ of ~~Directors;~~common ~~both~~stock ~~agreed~~at to$0.0241 ~~serve~~per onshare ~~the Board~~in ~~for~~consideration ~~a minimum~~ of ~~six~~services ~~months,~~provided ~~without~~as ~~compensation.~~a director;

(2)	On September 1, 2022, Mr. Procanik was issued 100,000 unregistered, restricted shares of common stock at $0.0241 per share in consideration of services provided as a director;

(3)	On September 1, 2022, Mr. Hale was issued 100,000 unregistered, restricted shares of common stock at $0.0241 per share in consideration of services provided as a director;

There was no compensation for Director services during the fiscal years ended December 31, 2021 and 2020.

Code of Ethics

We have not adopted a Code of Ethics and plan to do so in the future.

Conflicts of Interest

The only conflicts that we foresee are that our officers and directors will devote time to projects that do not involve us.

Family Relationships

There are no family relationships between any director or executive officer.

Director Independence

Our board of directors is currently composed of three members, two of whom qualify as independent directors in accordance with the published listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of her family members has engaged in various types of business dealings with us. In addition, our board of directors has not made a subjective determination as to each director that no relationships exist which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations, our board of directors would have reviewed and discussed information provided by the directors and us with regard to each director’s business and personal activities and relationships as they may relate to our management and us.

Security Holders Recommendations to Board of Directors

We welcome comments and questions from our shareholders. Shareholders can direct communications to our Investor Relations team. However, while we appreciate all comments from shareholders, we may not be able to individually respond to all communications. We attempt to address shareholder questions and concerns in our press releases and documents filed with the SEC so that all shareholders have access to information about us at the same time. All communications addressed to our Director and Executive Officers will be reviewed by the appropriate Officer unless the communication is clearly frivolous.

Board Committees

We have recently formed an audit committee, consisting of our three board members, two of whom are independent. We do not have any other board committees including a nominating, compensation, or executive committee. We currently have limited operating revenues. Presently, we have two independent directors. If we are able to grow our business and increase our operations in the future, then we will likely seek out and retain additional independent directors with additional financial expertise and expect to form, compensation, and other applicable committees. Further, we do not have a policy with regard to the consideration of any director candidates recommended by security holders. Our directors perform all functions that would otherwise be performed by committees.

Our board is actively involved in our risk oversight function and collectively undertakes risk oversight as part of our monthly management meetings. This review of our risk tolerances includes, but is not limited to, financial, legal and operational risks and other risks concerning our reputation and ethical standards.

Given our size, we do not have a nominating committee or a diversity policy. Our entire board monitors and assesses the need for and qualifications of additional directors. We may adopt a diversity policy in the future in connection with our anticipated growth.

Long-Term Incentive Plans

We do not have a Long-Term Incentive Plan that involves ongoing Restricted Stock and Stock Option grants of which are performance based. We have not issued any Stock Option grants.

ITEM 12 – SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth certain information at ~~March~~April 1811, ~~2022~~2023, with respect to the beneficial ownership of shares of Common Stock ~~and~~ and Series A Preferred Stock by (i) each person known to us who owns beneficially more than 5% of the outstanding shares of Common Stock (based upon reports which have been filed and other information known to us), (ii) each of our Directors, (iii) each of our Executive Officers and (iv) all of our Executive Officers and Directors as a group. Unless otherwise indicated, each stockholder has sole voting and investment power with respect to the shares shown. As ~~ofMarch~~of 18April 11, ~~2022~~2023, we had 25128,~~188~~401,~~742~~166 shares of Common Stock; 5,000,000 shares of Series A Preferred Stock issued and outstanding; and 1 share of Special 2018 Series B Preferred Stock issued and outstanding to our Directors and Executive Officers as a group.

Name and address of beneficial owner	Common Stock	Series A Preferred Stock (2)	Series B Preferred Stock	Beneficial Ownership as Converted	Percentage of Class of Stock (1)
William Coleman Smith 3333 Michelson Dr., 3rd Floor Irvine, California 92612	62,500,000(2)	5,000,000	1	50,000,000 shares of common stock as to Series A(2) Series B - No Rights of Conversion	83.1% Common 100% Series Preferred A 100% Series B Preferred
William Ray Procniak 58 Woodley Court, Unit 16, Meriden CT, 06450	540	-	-	-	<0% Common
Brian Scott Hale 3035 Rhea Hwy, Suite 150 Dayton TN 37321	600,000	-	-	-	0.008% Common
Total	63,100,540	5,000,000	1		83.93% Common 100% Series Preferred A 100% Series B Preferred

(1) Based on 75,188,742 shares outstanding including 25,188,742 common shares currently issued and outstanding, and 50,000,000 shares of common stock available for conversion from 5,000,000 shares of Series A Preferred held by Mr. Smith.

Name and address of beneficial owner	Common Stock			Series A Preferred Stock (2)		Series B Preferred Stock		Beneficial Ownership as Converted		Percentage of Class of Stock ⁽¹⁾
William Coleman Smith 3333 Michelson Dr., 3^rd Floor Irvine, California 92612		67,500,000	⁽²⁾⁽³⁾		5,000,000		1		50,000,000 shares of common stock as to Series A⁽²⁾ Series B - No Rights of Conversion		37.84% Common 100% Series Preferred A 100% Series B Preferred
William Ray Procniak⁽⁴⁾ 58 Woodley Court, Unit 16, Meriden CT, 06450		100,540			-		-		-		0.08% Common
Brian Scott Hale ⁽⁵⁾ 3035 Rhea Hwy, Suite 150 Dayton TN 37321		700,000			-		-		-		0.55% Common
Total		68,300,540			5,000,000		1				38.46% Common 100% Series Preferred A 100% Series B Preferred

(21) ~~Includes~~ 5Based on 178,401,166 shares outstanding including 128,401,166 common shares currently issued and outstanding, and 50,000,000 shares of ~~Series~~common Astock ~~Preferred~~available ~~Stock~~for asconversion ~~converted.~~from ~~Each~~5,000,000 ~~share~~shares of Series A Preferred ~~Stock~~held isby ~~convertible~~Mr. ~~into 10 shares of Common Stock~~Smith.

28(2) Includes 5,000,000 shares of Series A Preferred Stock as converted. Each shares of Series A Preferred Stock is convertible into 10 shares of Common Stock

(3)

Includes the following shares issued effective September 1, 2022: 2,500,000 common shares to William Coleman Smith for services rendered as a board member during the first two quarters of 2022, and 2,500,000 restricted, unregistered shares of the Company’s common stock at $0.03 per share for total value of $75,000 in partial conversion of amounts due and payable under a Consolidated Promissory Note originally issued to Mr. Smith on December 31, 2020.

(4)	On September 1, 2022, the Board of Directors issued 100,000 common shares to William Procanik for services rendered during the first two quarters of 2022.

(5)	On September 1, 2022, the Board of Directors issued 100,000 common shares to Brian Scott Hale for services rendered during the first two quarters of 2022.

Under Rule 13d-3 promulgated under the Exchange Act, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights.

In a private transaction, Mr. William Coleman Smith acquired 2,500,000 shares of the Company’s common stock from the former controlling shareholder, Mr. Terrence Flowers, for total consideration of $15,000 and became the Company’s controlling shareholder.32

On November 19, 2018, the Company issued a total of 5,000,000 shares of Series A Preferred Stock and 1 share of Series B Preferred Stock to William Coleman Smith, our sole director and officer, as partial consideration in exchange for 51% of the outstanding shares of GZMC.

On April 29, 2021, Mr. Smith was issued 10,000,000 shares of common stock in exchange for an additional 9% ownership of Green Zebra Media Corp.

The Series A Preferred Stock has a number of rights, privileges and preferences in accordance with the Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock filed by us with the Nevada Secretary of State, including the following:

●

Voting Rights: The Series A Preferred Stock have one vote for each share owned.

●

Adverse Effects: The Corporation shall not amend, alter or repeal the preferences, rights, powers or other terms of A Preferred Stock without the written consent of the holder(s) of the Series A Preferred Stock.

●

Conversion: The shares of Series A Preferred Stock shall convert into common shares at the rate of 10 new shares for every one share of Special 2018 Series A Preferred Stock owned. The holder of the Special 2018 Series A Preferred Stock can convert the shares into common shares at any time.

●

Dividends: The Series A Preferred Stock are not entitled to any dividends.

●

No Impairment. The Corporation shall not intentionally take any action which would impair the rights and privileges of the Special 2018 Series A Preferred Stock.

The Special Series B Preferred Stock has a number of rights, privileges and preferences in accordance with the Certificate of Designations, Preferences and Rights of Special Series B Preferred Stock filed by us with the Nevada Secretary of State, including the following:

●

Voting Rights: The Special 2018 Series B Preferred Stock stockholder is entitled to 51% of all votes (including, but not limited to, common stock, and preferred stock (including on an as converted basis) entitled to vote at each meeting of the stockholders of the Corporation (and written actions of the stockholders in lieu of meetings) with respect to any and all matters presented to the stockholders of the Corporation for their action or consideration.

●

Adverse Effects: The Corporation cannot amend, alter, or repeal the preferences, rights, powers or other terms of the Special 2018 Series B Preferred Stock without the written consent or affirmative vote of the holder of the Special 2018 Series B Preferred Stock.

●

Dividends: The Special 2018 Series B Preferred Stock shall not be entitled to any dividends.

●

No Impairment: The Corporation shall not intentionally take any action which would impair the rights and privileges of the Special 2018 Series B Preferred Stock.

Change-in-Control Agreements

We are not aware of any arrangements that could result in a change of control. Mr. William Coleman Smith is currently the controlling shareholder of the Company and upon conversion of his Series A Preferred Shares would remain the controlling shareholder of the Company

ITEM 13 – CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

Coleman Smith and ELOC Holdings Corp.

On April 29, 2014, our 51% controlled subsidiary, GZMC, entered into a management and consulting agreement with Mr. Smith, the sole officer and director of GZMC whereunder GZMC was required to pay an annual salary of $120,000 to Mr. Smith.

During the year ended December 31, 2020, Mr. Smith and ELOC Holdings Corp made short term loans with interest at 1.5% per month to the Company to pay various expenses.

As of December 31, 2020, Mr. Smith, ELOC Holdings Corp. and the Company agreed to retroactively allocate interest in the amount of 5% per annum to loans, advances, wages and management fees payable by each of GZMC and the Company from January 1, 2020 forward. The parties entered into a single consolidated promissory note for all amounts payable to each of ELOC and Smith, with a principal amount of $1,217,579 payable to ELOC.

During the fiscal year ended December 31, 2021, the Company paid a total of $151,854 to ELOC to pay down the principal balance on the loan.

~~The~~During ~~following~~the ~~amounts~~year ~~were~~ended ~~included~~December 31, 2022, the Company issued 2,500,000 shares of restricted common stock in ~~debt~~partial topayment ~~related~~of ~~party~~his onpromissory notes ~~our~~in ~~Balance~~the ~~Sheets:~~amount of $75,000, at $0.03 per share.

Balance at December 31, 2020, Debt, related party	$	1,217,579
Payments on loan		(151,854	)
Balance at December 31, 2021, Debt, related party.	$	1,065,725

During the year ended December 31, 2022, the Company’s CEO, William Coleman Smith entered into Promissory Notes with the Company for a total of $250,000 due and payable in demand with bearing interest at 1%. During the year ended December 31, 2022, the Company’s CEO, William Coleman Smith entered into Promissory Notes with the Company for a total of $200,100 due and payable in demand with bearing interest at 12%.

The ~~Company~~following ~~recorded~~amounts ~~associated~~are ~~interest~~included ~~expenses~~in ofdebt ~~$55,713~~to ~~and~~related ~~$22,629~~party on ~~for~~our ~~the~~Balance ~~fiscal years ended December 31, 2021 and 2020, respectively.~~Sheets:

During the fiscal year ended December 31, 2021, the Company accrued $120,000 in management fees to ELOC and paid management fees to Coleman Smith of $210,000. Further, Mr. Smith received payments for expenses and invoiced the Company for expenses paid on behalf of the Company leaving a net amount due for expenses of $17,085.

Balance at December 31, 2020, Debt, related party	$	1,217,579
Payments on loan		(151,854	)
Balance at December 31, 2021, Debt, related party.		1,065,725
Shares issued to settle debt		(75,000	)
Promissory Notes for funding provided		450,100
Balance at December 31, 2022, Debt, related party.	$	1,440,825

30The interest expenses related to above loans are as follows:

The following amounts were included in related party payables on our Balance Sheets:

	Year Ended
	December 31,
	2022		2021
Interest expense on notes	$	54,072	$	55,713

	December 31, 2021		December 31, 2020
Coleman Smith, President	$	3,946	$	-
Interest payable		55,713		-
ELOC Holdings Corp.		120,000		-
	$	179,769	$	-

During the year ended December 31, the Company accrued $120,000 in management fees to ELOC and accrued $360,000 in management fees to Coleman Smith. The Company paid cash to accrued management fees to Coleman Smith of $295,000. During the year ended December 31, 2021, the Company accrued $120,000 in management fees to ELOC, and paid management fees to Coleman Smith of $210,000.

The following amounts are included in related party payables on our Balance Sheets:

	December 31, 2022		December 31, 2021
Coleman Smith, President	$	67,256	$	3,946
Interest payable		109,785		55,713
ELOC Holdings Corp.		240,000		120,000
Terrence Flowers		110		110
	$	417,151	$	179,769

On September 1, 2022, the Company issued 2,500,000 shares of restricted common stock, with a fair value $60,250, to William Coleman Smith for director services rendered during the first two quarters of 2022.

Securities Purchase Agreement – William Coleman Smith

Stock Awards issued to independent directors

Other than the foregoing, none of the following persons has any direct or indirect material interest in any transaction to which we were or are a party since the beginning of our last fiscal year, or in any proposed transaction to which we propose to be a party:

(A) any of our director(s) or executive officer(s);

(B) any nominee for election as one of our directors;

(C) any person who is known by us to beneficially own, directly or indirectly, shares carrying more than 5% of the voting rights attached to our Common Stock; or

(D) any member of the immediate family (including spouse, parents, children, siblings and in-laws) of any of the foregoing persons named in paragraph (A), (B) or (C) above.

Insider Transactions Policies and Procedures

The Company does not currently have an insider transaction policy.

Director Independence

Our Board of Directors includes two independent directors.

RECENT SALES/ISSUANCE OF UNREGISTERED SECURITIES.

~~Between~~The ~~January~~Company 1,issued ~~2020~~the ~~and~~following ~~December~~unregistered ~~31,~~securities ~~2021,~~subsequent ~~and~~to ~~through~~November ~~March 18~~14, 2022, we(the date of filing of our last Quarterly Report on Form 10-Q) which have ~~issued~~not ~~the~~previously ~~following~~been ~~securities.~~disclosed in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K:

~~(1)~~On October ~~Subsequent~~11, to2022 awe ~~partial~~entered ~~assignment~~into of a ~~Convertible~~Promissory Note with 1800 Diagonal Lending, toLLC, ~~various~~a ~~purchasers~~Virginia onlimited ~~September~~liability 28company, ~~2020,~~for the ~~Company~~Principal Amount ~~received~~of ~~notices~~$43,750. ofThe ~~election~~total disbursement to ~~convert~~GZ6G ~~the~~was ~~entire~~$40,000, ~~principal~~with ~~balance~~a term of ~~$147,000~~twelve onmonths ~~October~~and 1,an ~~2020~~interest rate of 10%. The ~~Company~~conversion rate ~~issued~~of athe ~~total~~note ofis ~~3,500,001~~65% ~~shares~~multiplied ofby ~~common~~the ~~stock~~Market toPrice ~~six~~(as ~~individuals~~defined inherein) ~~full~~(representing ~~and~~a ~~final~~discount ~~settlement~~rate of 35%). “Market Price” means the ~~New~~lowest ~~Note~~Trading Price for the Common Stock during the ten (10) Trading Day period ending on ~~October~~the 26latest complete Trading Day prior to the Conversion Date. .Proceeds will be used, ~~2020~~for operating costs and further execution of GZ6G’s business plans.

~~(2)~~On November ~~Subsequent~~3, to2022, athe ~~partial~~Company ~~assignment~~entered ofinto ~~Convertible~~a Promissory Note, towith ~~various~~Fourth ~~purchasers~~Man onLLC, ~~December~~a ~~30,~~Nevada ~~2020,~~limited ~~the~~liability ~~Company~~company ~~received~~in ~~notices~~which ofFourth Man ~~election~~has agreed to ~~convert~~lend the ~~entire~~Company the principal ~~balance~~amount of $~~150~~160,000,; ~~plus~~the ~~accrued~~purchase ~~interest~~price of $13144,~~558~~000.~~31,~~ onThe ~~December~~Term ~~31,~~of ~~2020.~~the ~~The~~Note ~~Company~~is ~~issued~~twelve amonths with ~~total~~an interest rate of 12%. ~~3,894,245~~The ~~shares~~conversion rate of ~~common~~the ~~stock~~Note is $0.020025, subject to ~~six~~adjustment. ~~individuals~~The inPromissory ~~full~~Note and accompanying ~~final~~documents ~~settlement~~were ofexecuted ~~the~~on ~~New~~November ~~Note~~9, on2022. ~~December~~Proceeds 31will be used, ~~2020~~for operating costs and further execution of GZ6G’s business plans.

~~(3)~~ On November ~~December 30~~15, ~~2020~~2022, ~~600,000~~Mast ~~common~~Hill ~~shares~~Fund ~~were~~LLP ~~purchased~~provided bythe Company with a ~~third~~Notice ~~party~~of ~~for~~Conversion whereunder they agreed to convert the ~~total~~principal amount of $23,258.98 and the interest amount of $~~150~~26,~~000~~160.00; due and payable into 2,555,255 shares of the Company’s common stock at $0.25020025 per share. ~~These~~to ~~shares~~reduce ~~were~~a ~~issued~~total onof ~~January 26~~$23,258.98 ~~2021,~~from ~~and~~the ~~are~~principal ~~restricted~~balance of a certain convertible promissory note.

3135

~~(4)~~ On November ~~April 29~~23, ~~2021~~2022 we entered into a Promissory Note with Mast Hill Fund, 10L.P. for the Principal Amount of $293,000,~~000~~ ~~common~~and ~~shares~~an ~~were~~Actual ~~issued~~Amount of Purchase Price of $263,700. The Conversion rate on the note is $0.03 per share, subject to ~~William~~adjustments. ~~Coleman~~The ~~Smith~~total indisbursement to ~~exchange~~GZ6G ~~for~~was $250,789, with a term of twelve months and an ~~additional~~interest 9rate of 12%. ~~ownership~~Proceeds ofwill ~~Green~~be ~~Zebra~~used, ~~Media~~for ~~Corp~~operating costs and further execution of GZ6G’s business plans.

~~(5)~~ On December ~~November 11~~5, ~~2021~~2022, ~~the Company entered into a Promissory Note with~~ Mast Hill Fund, ~~L.P.~~LLP ~~(“MHFLP”),~~exercised acertain ~~Delaware~~warrants ~~limited~~on ~~partnership~~a incashless ~~which~~basis ~~MHFLP~~and ~~has~~received ~~agreed~~a tototal ~~lend the Company the principal amount~~ of ~~$560~~550,~~000~~883 ~~for~~shares ~~the purchase price~~ of ~~$504,000. The Term of~~ the ~~Note is twelve months with an interest rate of 12%. The conversion rate of the Note is fixed at $1.00 per share. The~~ Company ~~concurrently entered into a Warrant Agreement, as amended, with MHFLP for the purchase of an additional 560,000~~ ’s common ~~shares at $1~~stock.~~00 per share for a term of three (3) years.~~

~~(6)~~ On December ~~November 11~~5, ~~2021,~~2022 ~~the~~1800 ~~Company~~Diagonal ~~entered~~Lending ~~into~~LLC aprovided ~~Warrant~~the ~~Agreement~~Company with ~~J.H.~~a ~~Darbie~~Notice ~~and~~of ~~Company,~~Conversion anwhereunder ~~authorized,~~they ~~registered~~agreed ~~broker~~to ~~dealer,~~convert ~~wherein~~the ~~J.H.~~principal amount ~~Darbie~~of ~~and~~$20,000 ~~Company~~due ~~may~~and ~~purchase~~payable 10into 1,~~487~~183,432 shares of the Company’s common stock ~~for~~at $10.000169 per share, asand reduce a ~~Finder’s~~total ~~Fee~~of $20,000 ~~for~~from ~~introducing~~ the ~~Company~~principal tobalance ~~MHFLP~~of a certain convertible promissory note.

~~(7)~~ On December 86, ~~2021~~2022, ~~the~~Mast ~~Company~~Hill ~~entered~~Fund ~~into~~LLP anprovided ~~Engagement~~the ~~Agreement~~Company with ~~Carter,~~a ~~Terry~~Notice &of ~~Company,~~Conversion anwhereunder ~~authorized,~~they ~~registered~~agreed ~~broker~~to ~~dealer,~~convert ~~wherein,~~the inprincipal amount ~~addition~~of to$23,258.98 8%and of the ~~gross~~interest ~~cash~~amount ~~proceeds~~of ~~raised~~$26,160.00 ~~from~~due ~~introduced~~and ~~parties~~payable ~~they~~into ~~are~~2,555,255 toshares ~~be issued 4%~~ of the ~~cash~~Company’s ~~they~~common ~~raise in restricted~~ stock at ~~divided~~$0.020025 byper ~~the~~share ~~market~~to ~~close~~reduce ona ~~the~~total ~~date~~ of ~~the Agreement~~$23,258.98 Afrom ~~total~~the ofprincipal ~~10,769~~balance ~~shares~~of ~~have~~a ~~been~~certain ~~issued~~convertible ~~under~~promissory ~~this engagement~~note.

~~(8)~~ On December 1612, ~~2021,~~2022 1800 Diagonal Lending LLC provided the Company ~~entered~~with ~~into~~ a ~~Promissory~~Notice ~~Note~~of ~~with~~Conversion ~~Talos~~whereunder ~~Victory~~they ~~Fund,~~agreed ~~LLC~~to inconvert the principal amount of $~~560~~20,000, ~~along~~due ~~with~~and apayable ~~Warrant~~into ~~Agreement for the purchase of an additional 560~~1,~~000~~709,402 shares of the Company’s common stock at $10.000117 per share ~~for~~and reduce a ~~term~~total of $20,000 ~~three~~from ~~(3) years. The Term of~~ the ~~Note~~principal isbalance ~~twelve months with an interest rate~~ of ~~12%.~~a ~~The~~certain ~~conversion~~convertible ~~rate~~promissory ~~of the Note is fixed at $1~~note.~~00 per share.~~

On December 15, 2022 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $30,000 due and payable into 2,702,703 shares of the Company’s common stock at $0.0111 per share and reduce a total of $30,000 from the principal balance of a certain convertible promissory note.

On December 15, 2022, Mast Hill Fund LLP provided the Company with a Notice of Conversion whereunder they agreed to convert a total of $62,077.50, including interest in the amount of $28,497.53 due and payable into 3,100,000 shares of the Company’s common stock at $0.020025 per share to reduce a total of $31,829.97 from the principal balance of a certain convertible promissory note.

On December 19, 2022 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $30,000 due and payable into 2,857,143 shares of the Company’s common stock at $0.0105 per share and reduce a total of $30,000 from the principal balance of a certain convertible promissory note.

On December 20, 2022 we entered into a Promissory Note with Mast Hill Fund, L.P. for the Principal Amount of $293,000, and an Actual Amount of Purchase Price of $263,700. The Conversion rate on the note is $0.015 per share, subject to adjustments. The total disbursement to GZ6G was $250,789, with a term of twelve months and an interest rate of 12%. Proceeds will be used, for operating costs and further execution of GZ6G’s business plans.

On January 5, 2023, Mast Hill Fund LLP provided the Company with a Notice of Conversion whereunder they agreed to convert a total of $34,650, including interest in the amount of $2,818.05 due and payable into 3,300,000 shares of the Company’s common stock at $0.0105 per share to reduce a total of $30,081.95 from the principal balance of a certain convertible promissory note.

On January 6, 2023 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $20,000 due and payable into 3,225,806 shares of the Company’s common stock at $0.0062 per share and reduce a total of $20,000 from the principal balance of a certain convertible promissory note.

On January 18, 2023 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $20,000 due and payable into 3,773,585 shares of the Company’s common stock at $0.0053 per share and reduce a total of $20,000 from the principal balance of a certain convertible promissory note.

On January 23, 2023 we entered into a Promissory Note with Mast Hill Fund, L.P. for the Principal Amount of $293,000, and an Actual Amount of Purchase Price of $263,700. The Conversion rate on the note is $0.0035 per share, subject to adjustments. The total disbursement to GZ6G was $250,789, with a term of twelve months and an interest rate of 12%. Proceeds will be used, for operating costs and further execution of GZ6G’s business plans.

On January 31, 2023, Mast Hill Fund LLP provided the Company with a Notice of Conversion whereunder they agreed to convert a total of $21,200, including interest in the amount of $3,231.88 due and payable into 4,000,000 shares of the Company’s common stock at $0.0053 per share to reduce a total of $16,218.12 from the principal balance of a certain convertible promissory note.

On February 1, 2023 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $16,800 due and payable into 4,000,000 shares of the Company’s common stock at $0.0042 per share and reduce a total of $16,800 from the principal balance of a certain convertible promissory note.

On February 7, 2023 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $11,200 due and payable into 2,666,667 shares of the Company’s common stock at $0.0042 per share and reduce a total of $11,200 in interest payable in respect to a certain convertible promissory note.

On February 8, 2023, Mast Hill Fund LLP provided the Company with a Notice of Conversion whereunder they agreed to convert a total of $18,020, including interest in the amount of $951.77 due and payable into 3,400,000 shares of the Company’s common stock at $0.0053 per share to reduce a total of $15,318.23 from the principal balance of a certain convertible promissory note.

On February 9, 2023 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $18,600 due and payable into 4,428,571 shares of the Company’s common stock at $0.0042 per share and reduce a total of $18,600 from the principal balance of a certain convertible promissory note.

On February 13, 2023 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $20,600 due and payable into 4,790,698 shares of the Company’s common stock at $0.0043 per share and reduce a total of $20,600 from the principal balance of a certain convertible promissory note.

On February 22, 2023 1800 Diagonal Lending LLC provided the Company with a Notice of Conversion whereunder they agreed to convert the principal amount of $27,737.50 due and payable into 5,043,182 shares of the Company’s common stock at $0.0055 per share and reduce a total of $24,550 from the principal balance of a certain convertible promissory note, and accrued interest of $3,187.50.

On February 23, 2023, Mast Hill Fund LLP provided the Company with a Notice of Conversion whereunder they agreed to convert a total of $23,220, including interest in the amount of $1,709.02 due and payable into 5,400,000 shares of the Company’s common stock at $0.0045 per share to reduce a total of $19,760.98 from the principal balance of a certain convertible promissory note.

On February 28, 2023, eSilkroad Network Limited provided the Company with a Notice of Conversion whereunder they agreed to convert a total of $611,353.42, including interest in the amount of $111,353.42 due and payable into 3,135,146 shares of the Company’s common stock at $0.195 per share to extinguish the principal note balance in full in the amount of $500,000.

On March 6, 2023, Mast Hill Fund LLP provided the Company with a Notice of Conversion whereunder they agreed to convert a total of $15,050, including interest in the amount of $1,181.82 due and payable into 4,300,000 shares of the Company’s common stock at $0.0035 per share to reduce a total of $12,118.18 from the principal balance of a certain convertible promissory note.

On March 8, 2023 we entered into a Promissory Note with 1800 Diagonal Lending LLC for the Principal Amount of $116,760 and an Actual Amount of Purchase Price of $104,250. The total disbursement to GZ6G was $100,000, with a term of twelve months and an interest rate of 12%. The note requires 10 monthly payments of $13,077.10 commencing April 30, 2023. In the event of default the holder shall have the right to convert interest and principal into shares of common stock based on a conversion price of 75% of the lowest trading price of the Company’s common stock in the preceding 10 days. Proceeds will be used, for operating costs and further execution of GZ6G’s business plans.

On March 17, 2023, Mast Hill Fund LLP provided the Company with a Notice of Conversion whereunder they agreed to convert a total of $21,350, including interest in the amount of $1,139.99 due and payable into 6,100,000 shares of the Company’s common stock at $0.0035 per share to reduce a total of $18,462.01 from the principal balance of a certain convertible promissory note.

All of the shares were issued pursuant to Section 4(2) of the Securities Act of 1933, as amended, as it was a transaction by an issuer not involving a public offering; all of the shares contain a restrictive legend on the share certificate stating that the securities have not been registered under the Act and setting forth, or referring to the restrictions on transferability and sale of the securities.

ITEM 14 – PRINCIAL ACCOUNTANT FEES AND SERVICES

Audit Fees

Audit fees consist of fees for professional services rendered for the audit of the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K and the review of financial statements included in the Company’s Quarterly Reports on Form 10-Q. The aggregate fees billed for professional services rendered by our principal accountant, Heaton & Company, PLLC (doing business as Pinnacle Accountancy Group of Utah), for audit and review services for the years ended December 31, ~~2021~~2022 and ~~2020~~2021 were $2836,~~500~~490 and $1628,~~278~~500, respectively.

We incurred no non-audit related fees, tax fees or other fees for professional services rendered by our principal accountant for the years ended December 31, ~~2021~~2022 and ~~2020~~2021.

Administration of the Engagement; Pre-Approval of Audit and Permissible Non-Audit Services

We have established an audit committee. However, there are no formal pre-approval policies and procedures as at December 31, ~~2021~~2022. Nonetheless, the auditors engaged for these services are required to provide and uphold estimates for the cost of services to be rendered. The percentage of hours expended on Heaton & Company, PLLC’s respective engagement to audit our financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

3238

PART IV

ITEM 15 – EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES

(a)(1) Financial Statements.

The response to this portion of Item 15 is set forth under Item 8 above.

(a)(2) Financial Statement Schedules.

All schedules have been omitted because they are not required or because the required information is given in the Consolidated Financial Statements or Notes thereto set forth under Item 8 above.

(a)(3) Exhibits.

The exhibits listed below are filed or incorporated by reference as part of this Annual Report on Form 10-K.

EXHIBITS

3.1*	Articles of Incorporation, as amended
3.2*	Certificate of Amendment to Articles of Incorporation, as amended
3.3*	Amended Bylaws
3.4*	Certificate of Amendment to Articles of Incorporation, amended and restated articles
3.5*	Certificate of Amendment to Articles of Incorporation
3.6*	Certificate of Amendment to Articles of Incorporation
3.7*	Certificate of Amendment to Articles of Incorporation
3.8*	Certificate of Amendment to Articles of Incorporation
4.2	Description of Securities
4.3*	Certificate of Designation of Series A Preferred Stock
4.4*	Certificate of Designation of Special 2018 Series B Preferred Stock
10.1*	Management Agreement between Green Zebra Media Corp. and William Coleman Smith, (incorporated by reference to the Company’s Current Report on Form 8-K filed on May 17, 2021)
10.2*	Management Agreement between the Company and ELOC Holdings Corp. (incorporated by reference to the Company’s Current Report on Form 8-K filed on May 17, 2021)
10.3*	Stock Purchase Agreement between the Company, Green Zebra Media Corp. and William Coleman Smith dated April 8, 2021, (incorporated by reference to the Company’s Current Report on Form 8-K filed on May 17, 2021)
10.4*	Loan Treaty Agreement between the Company and eSilkroad Network Limited, (incorporated by reference to the Company’s Current Report on Form 8-K filed on May 17, 2021)
10.5*	Amendment to Loan Treaty Agreement between Esilkroad Network Limited and the Company dated April 6, 2021, (incorporated by reference to the Company’s Current Report on Form 8-K filed on May 17, 2021)
10.6*	Form of Convertible Promissory Note, Loan Treaty, (incorporated by reference to the Company’s Current Report on Form 8-K filed on May 17, 2021)
10.7*	Equity Purchase Agreement between the Company and World Amber Corp. dated April 25, 2021, (incorporated by reference to the Company’s Current Report on Form 8-K filed on May 17, 2021)
10.8*	Equity Purchase Agreement between Mast Hill Fund, L.P. and GZ6G Technologies Corp. dated November 10, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.9*	Securities Purchase Agreement between Mast Hill Fund, L.P. and GZ6G Technologies Corp. dated November 3, 2021, (incorporated by reference to the Company’s Current Report on Form 10-Q filed on November 15, 2021)
10.10*	Promissory Note issued to Mast Hill Fund, L.P. dated November 3, 2021, (incorporated by reference to the Company’s Current Report on Form 10-Q filed on November 15, 2021)
10.11*	Common Stock Purchase Warrant issued to Mast Hill Fund, L.P. dated November 10, 2021, , (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.12*	Amendment to Common Stock Purchase Warrant issued to Mast Hill Fund, L.P. dated December 7, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.13*	Registration Rights Agreement between Mast Hill Fund, L.P. and GZ6G Technologies Corp. dated December 16, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.14*	Finder's Fee Agreement between GZ6G Technologies Corp. and J.H. Darbie & Co. Inc. dated November 7, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.15*	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated November 19, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.16*	Securities Purchase Agreement between Talos Victory Fund LLC and GZ6G Technologies Corp. dated December 16, 2021
10.17*	Promissory Note issued to Talos Victory Fund LLC dated December 16, 2021
10.18*	Common Stock Purchase Warrant issued to Talos Victory Fund LLC dated December 16, 2021
10.19*	Registration Rights Agreement between Talos Victory Fund LLC and GZ6G Technologies Corp. dated December 16, 2021
10.20*	Engagement Agreement between GZ6G Technologies Corp. and Carter, Terry & Company dated December 8, 2021
21	List of subsidiaries
31	Rule 13a-14(a)/15d-14(a) Certifications of Chief Executive Officer and Chief Financial Officer
32	Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer
101	Interactive Data Files

10.16*	Securities Purchase Agreement between Talos Victory Fund LLC and GZ6G Technologies Corp. dated December 16, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.17*	Promissory Note issued to Talos Victory Fund LLC dated December 16, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.18*	Common Stock Purchase Warrant issued to Talos Victory Fund LLC dated December 16, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.19*	Registration Rights Agreement between Talos Victory Fund LLC and GZ6G Technologies Corp. dated December 16, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.20*	Engagement Agreement between GZ6G Technologies Corp. and Carter, Terry & Company dated December 8, 2021, (incorporated by reference to the Company’s Form S-1 filed on January 25, 2022)
10.21*	Convertible Promissory Note between GZIC and 1800 Diagonal Lending LLC dated May 20, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on June 7, 2022)
10.22*	Stock Purchase Agreement between GZIC and 1800 Diagonal Lending LLC dated May 20, 2022, incorporated by reference to the Company’s Current Report on Form 8-K filed on April 15, 2022)
10.23*	Promissory Note between GZIC and Mast Hill Fund, L.P. dated April 4, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on April 15, 2022)
10.24*	Securities Purchase Agreement between GZIC and Mast Hill Fund, L.P. dated April 4, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on April 15, 2022)
10.25*	Common Stock Purchase Warrant between GZIC and Mast Hill Fund, L.P. dated April 4, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on April 15, 2022)
10.26*	Promissory Note between the Company and William Coleman Smith dated May 3, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on June 7, 2022)
10.27*	Promissory Note between the Company and William Coleman Smith dated May 18, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on June 7, 2022)
10.28*	Promissory Note between the Company and William Coleman Smith dated June 1, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on June 7, 2022)
10.29*	Consulting Agreement between the Company and Beyond Media SEZC dated May 19, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on June 7, 2022)
10.30*	Securities Purchase Agreement between GZIC and Mast Hill Fund, L.P. dated May 23, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on June 7, 2022)
10.31*	Common Stock Purchase Warrant between GZIC and Mast Hill Fund, L.P. dated May 23, 2022 , (incorporated by reference to the Company’s Current Report on Form 8-K filed on June 7, 2022)
10.32*	Sponsorship & Services Agreement between the Company and Rangers Stadium Company LLC dated June 14, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on July 26, 2022)
10.33*	Convertible Promissory Note between GZIC and 1800 Diagonal Lending LLC dated July 11, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on July 26, 2022)
10.34*	Stock Purchase Agreement between GZIC and 1800 Diagonal Lending LLC dated July 11, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on July 26, 2022)
10.35*	Professional Relations and Consulting Agreement between GZIC and Acorn Management Partners LLC (incorporated by reference to the Company’s Current Report on Form 8-K filed on April 15, 2022)

10.36*	Addendum to Professional Relations and Consulting Agreement between GZIC and Acorn Management Partners LLC dated April 7, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on July 26, 2022)
10.37*	Convertible Promissory Note between the Company and Mast Hill Fund, L.P, dated September 20, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on September 28, 2022)
10.38*	Securities Purchase Agreement between the Company and Mast Hill Fund, L.P. dated September 20, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on September 28, 2022)
10.39*	Common Stock Purchase Warrant issued to Mast Hill Fund, L.P., dated September 20, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on September 28, 2022)
10.40*	Board and Majority Shareholder Resolution dated September 1, 2022, (incorporated by reference to the Company’s Current Report on Form 8-K filed on October 17, 2022)
10.41*	Consolidated Promissory Note dated December 31, 2020. (incorporated by reference to the Company’s Current Report on Form 8-K filed on October 17, 2022)
10.42*	Convertible Promissory Note between GZIC and 1800 Diagonal Lending LLC dated August 23, 2022 (incorporated by reference to the Company’s Form S-1 filed on November 3, 2022)
10.43*	Stock Purchase Agreement between GZIC and 1800 Diagonal Lending LLC dated August 23, 2022(incorporated by reference to the Company’s Form S-1 filed on November 3, 2022)
10.44*	Convertible Promissory Note between GZIC and 1800 Diagonal Lending LLC dated October 11, 2022(incorporated by reference to the Company’s Form S-1 filed on November 3, 2022)
10.45*	Stock Purchase Agreement between GZIC and 1800 Diagonal Lending LLC dated October 11, 2022(incorporated by reference to the Company’s Form S-1 filed on November 3, 2022)
10.46*	Promissory Note dated November 3, 2022 issued to Fourth Man LLC (incorporated by reference to the Company’s Quarterly Report on Form 10-Q filed on November 14, 2022)
10.47*	Securities Purchase Agreement dated November 3, 2022 between the Company and Fourth Man LLC (incorporated by reference to the Company’s Quarterly Report on Form 10-Q filed on November 14, 2022)
10.48*	Stock Purchase Warrant issued to Fourth Man LLC (incorporated by reference to the Company’s Quarterly Report on Form 10-Q filed on November 14, 2022)
10.49*	Convertible Promissory Note between the Company and Janbella Group LLC dated November 8, 2022 (incorporated by reference to the Company’s Quarterly Report on Form 10-Q filed on November 14, 2022)
10.50*	Securities Purchase Agreement dated November 8, 2022 between the Company and Janbella Group LLC (incorporated by reference to the Company’s Quarterly Report on Form 10-Q filed on November 14, 2022)
10.51*	Convertible Promissory Note between the Company and Mast Hill Fund, L.P, dated November 23, 2022 (incorporated by reference to the Company’s Form S-1/A filed on February 7, 2023)
10.52*	Securities Purchase Agreement between the Company and Mast Hill Fund, L.P. dated November 23, 2022 (incorporated by reference to the Company’s Form S-1/A filed on February 7, 2023)
10.53*	Common Stock Purchase Warrant issued to Mast Hill Fund, L.P., dated November 23, 2022, (incorporated by reference to the Company’s Form S-1/A filed on February 7, 2023)
10.54*	Convertible Promissory Note between the Company and Mast Hill Fund, L.P, dated December 20, 2022(incorporated by reference to the Company’s Form S-1/A filed on February 7, 2023)
10.55*	Securities Purchase Agreement between the Company and Mast Hill Fund, L.P. dated December 20, 2022 (incorporated by reference to the Company’s Form S-1/A filed on February 7, 2023)
10.56*	Common Stock Purchase Warrant issued to Mast Hill Fund, L.P., dated December 20, 2022. (incorporated by reference to the Company’s Form S-1/A filed on February 7, 2023)
10.57+	Convertible Promissory Note between the Company and Mast Hill Fund, L.P, dated January 23, 2023
10.58+	Securities Purchase Agreement between the Company and Mast Hill Fund, L.P. dated January 23, 2023
10.59+	Common Stock Purchase Warrant issued to Mast Hill Fund, L.P., dated January 23, 2023
10.60+	Convertible Promissory Note between the Company and Mast Hill Fund, L.P, dated March 8, 2023
10.61+	Securities Purchase Agreement between the Company and Mast Hill Fund, L.P. dated March 8, 2023
10.62+	Common Stock Purchase Warrant issued to Mast Hill Fund, L.P., dated March 8, 2023
10.63+	Promissory Note between the Company and 1800 Diagonal Lending LLC, dated March 8, 2023
10.64+	Securities Purchase Agreement between the Company and 1800 Diagonal Lending LLC dated March 8, 2023
10.65+	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated April 4, 2022
10.66+	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated May 23, 2022
10.67+	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated September 20, 2022
10.68+	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated November 23, 2022
10.69+	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated December 20, 2022
10.70+	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated January 23, 2023
10.71+	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated March 8, 2023
10.72+	Common Stock Purchase Warrant issued to J.H. Darbie & Co. Inc. dated November 3, 2022
21+	List of subsidiaries
31+	Rule 13a-14(a)/15d-14(a) Certifications of Chief Executive Officer and Chief Financial Officer
32+	Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer
101+	Interactive Data Files

+	Filed herewith

*	Previously filed

3341

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	GZ6G TECHNOLOGIES INC.
Date: March 25, 2022		/s/ William Coleman Smith
Date: April 17, 2022		/s/ William Coleman Smith
		William Coleman Smith
		Chief Executive Officer and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer)

3442

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