Note 3 - Going Concern

We assess going concern uncertainty in our unaudited condensed consolidated financial statements to determine if we have sufficient cash and cash equivalents on hand and working capital, including available loans or lines of credit, if any, to operate for a period of at least 12 months from the date our condensed consolidated financial statements are issued. As part of this assessment, based on conditions that are known and reasonably knowable to us, we consider various scenarios, forecasts, projections, and estimates, and we make certain key assumptions, including the timing and nature of projected cash expenditures or programs, and our ability to delay or curtail those expenditures or programs, if necessary, among other factors.

Management has reviewed our financial condition, focusing on liquidity sources and upcoming financial obligations. This assessment shows that our short-term obligations exceed the resources available under current operational plans that raise a substantial doubt about our ability to continue as a going concern for the next 12 months after the date that these unaudited condensed consolidated financial statements are issued. Recent acquisitions are expected to increase operational expenses, we anticipate that they will increase revenue streams, contributing positively to our financial outlook. We believe these acquisitions will enhance product offerings and market reach, which we anticipate will drive higher revenue in the coming months. However, the revenue from our recent acquisitions and from our technology platforms do not yet offset our current obligations and expenses. Management anticipates continuing operating losses for the next 12 months due to growth initiatives, management expects to continue raising capital through additional debt and/or equity financings to fund its operations. We also recently raised $7 million in gross proceeds in July 2025 in connection with two offerings and a concurrent private placement of our securities (see “Note 19 – Subsequent Events” for more information). While the majority of the proceeds raised in the July 2025 offerings were allocated to repaying the outstanding balance of the Note (as defined below) in full (see “Note 8 – Notes Payable” for more information), management believes that the recent capital raise and expectations that it will be able to continue to raise capital will effectively mitigate the conditions that raise substantial doubt about our ability to continue as a going concern.

As of June 30, 2025, the Company had approximately $0.58 million in cash.