Note 7 Subsequent Events

The Company evaluates subsequent events occurring between the most recent balance sheet date and the date the financial statements are available to be issued in order to determine whether the subsequent events are to be recorded and/or disclosed in the Company’s financial statements and footnotes. The financial statements are considered to be available to be issued at the time they are filed with the Securities and Exchange Commission (SEC).

On April 17, 2025, the Board approved, subject to stockholder approval, an amendment to the 2022 Plan (the “Amendment”). The Amendment, if approved by stockholders, will increase the number of shares of common stock reserved for issuance under the 2022 Plan by 4,000,000 shares. In addition, the Amendment will establish a minimum vesting period of one year for all awards granted under the Plan and limit the discretion to accelerate the vesting of awards upon a separation from service, with limited exceptions permitted. Finally, the Amendment would prohibit liberal share recycling provisions.