Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
*The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
1.
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Names of Reporting Persons.
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Mitchell P. Kopin
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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(b)
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization United States of America
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Number of
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5. Sole Voting Power
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0
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Shares Beneficially
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Owned by Each
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6. Shared Voting Power
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1,459,458
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Reporting
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Person With:
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7. Sole Dispositive Power
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0
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8. Shared Dispositive Power
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1,459,458
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person 1,459,458 (see Item 4)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11.
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Percent of Class Represented by Amount in Row (9) 7.5% (see Item 4)
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12.
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Type of Reporting Person (See Instructions)
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IN; HC
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1.
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Names of Reporting Persons.
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Daniel
B. Asher
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2.
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Check the Appropriate Box if a Member of a Group
(See Instructions)
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(a)
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(b)
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization United
States of America
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Number of
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5. Sole Voting Power
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0
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Shares Beneficially
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Owned by Each
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6. Shared Voting Power
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1,459,458
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Reporting
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Person With:
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7. Sole Dispositive Power
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0
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8. Shared Dispositive Power
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1,459,458
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person 1,459,458 (see Item 4)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11.
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Percent of Class Represented by Amount in Row (9) 7.5% (see Item 4)
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12.
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Type of Reporting Person (See Instructions)
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IN; HC
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1.
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Names of Reporting Persons.
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Intracoastal Capital LLC
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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(b)
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization Delaware
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Number of
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5. Sole Voting Power
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0
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Shares Beneficially
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Owned by Each
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6. Shared Voting Power
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1,459,458
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Reporting
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Person With:
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7. Sole Dispositive Power
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0
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8. Shared Dispositive Power
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1,459,458
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person 1,459,458 (see Item 4)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11.
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Percent of Class Represented by Amount in Row (9) 7.5% (see Item 4)
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12.
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Type of Reporting Person (See Instructions)
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OO
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Item 1.
(a) Name of Issuer
Akers Biosciences, Inc. (the
“Issuer”)
(b) Address of Issuer’s Principal
Executive Offices
201 Grove Road
Thorofare, New Jersey 08086
Item 2.
(a) Name of Person Filing
(b) Address of Principal Business Office or, if none,
Residence
(c) Citizenship
This Schedule 13G is being filed
on behalf of (i) Mitchell P. Kopin, an individual who is a citizen of the United States of America (“Mr. Kopin”),
(ii) Daniel B. Asher, an individual who is a citizen of the United States of America (“Mr. Asher”) and (iii)
Intracoastal Capital LLC, a Delaware limited liability company (“Intracoastal” and together with Mr. Kopin and
Mr. Asher, collectively the “Reporting Persons”).
The Reporting Persons have entered
into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 1, pursuant to which the
Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities
Exchange Act of 1934, as amended.
The principal business office of
Mr. Kopin and Intracoastal is 245 Palm Trail, Delray Beach, Florida 33483.
The principal business office of
Mr. Asher is 111 W. Jackson Boulevard, Suite 2000, Chicago, Illinois 60604.
(d) Title of Class of Securities
Common Stock, no par value per share, of the Issuer (the “Common
Stock”).
(e) CUSIP Number
00973E409
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Item 3.
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If this statement is filed pursuant to §§240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing is a:
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Not applicable.
(a) and (b):
Immediately
following the consummation of the transaction contemplated by the Securities Purchase Agreement with the Issuer dated
November 11, 2020 (the “SPA”) (as disclosed in the Form 8-K filed by the Issuer with the Securities and
Exchange Commission on November 12, 2020) and as of the close of business on November 20, 2020, each of the Reporting Persons
may have been deemed to have beneficial ownership of 1,459,458 shares of Common Stock, which consisted of (i) 729,729 shares
of Common Stock held by Intracoastal and (ii) 729,729 shares of Common Stock issuable upon exercise of a warrant held by
Intracoastal (“Intracoastal Warrant 1”), and all such shares of Common Stock in the aggregate represented
beneficial ownership of approximately 7.5% of the Common Stock, based on (1) 8,859,868 shares of Common Stock outstanding as
of November 16, 2020 as reported by the Issuer, plus (2) 9,765,933 shares of Common Stock issued at the closing of the
transaction contemplated by the SPA, and (3) 729,729 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1.
The foregoing excludes 195 shares of Common Stock issuable upon an exercise of a second warrant held by Intracoastal
(“Intracoastal Warrant 2”) because Intracoastal Warrant 2 contains a blocker provision under which the
holder thereof does not have the right to exercise Intracoastal Warrant 1 to the extent (but only to the extent) that such
exercise would result in beneficial ownership by the holder thereof, together with the holder’s affiliates, and any
other persons acting as a group together with the holder or any of the holder’s affiliates, of more than 4.99% of the
Common Stock. Without such blocker provision, each of the Reporting Persons may have been deemed to have beneficial ownership
of 1,459,653 shares of Common Stock.
(c) Number of shares
as to which each Reporting Person has:
(i) Sole power to vote or to direct the vote: 0 .
(ii) Shared power to vote or to direct the vote:
1,459,458 .
(iii) Sole power to dispose or to direct the disposition
of 0 .
(iv) Shared power to dispose or to direct the disposition
of 1,459,458 .
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Item 5.
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Ownership of Five Percent or Less of a Class
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Not
applicable.
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported
on By the Parent Holding Company
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group
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Not applicable.
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Item 9.
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Notice of Dissolution of Group
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Not applicable.
By signing below I
certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely
in connection with a nomination under §240.14a-11.
SIGNATURE
After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: November 20, 2020
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/s/ Mitchell P. Kopin
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Mitchell P. Kopin
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/s/ Daniel B. Asher
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Daniel B. Asher
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Intracoastal Capital LLC
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By:
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/s/ Mitchell P. Kopin
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Mitchell P. Kopin, Manager
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Exhibit 1
JOINT FILING AGREEMENT
The undersigned acknowledge and agree that the foregoing statement
on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule
13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned
acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the
information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of
the information concerning the others, except to the extent that he or it knows or has reason to believe that such information
is inaccurate.
Date: November 20, 2020
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/s/ Mitchell P. Kopin
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Mitchell P. Kopin
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/s/ Daniel B. Asher
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Daniel B. Asher
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Intracoastal Capital LLC
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By:
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/s/ Mitchell P. Kopin
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Mitchell P. Kopin, Manager
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Page 8 of 8