K. Subsequent Events

Management has evaluated all subsequent events for potential recognition or disclosure through March 31, 2026, which is the date these financial statements were available to be issued.

Effective February 7, 2026, the Company completed a 7 for 1 forward stock split of its Class A and Class B common stock. All share amounts in the consolidated financial statements have been adjusted for the forward stock split.

Effective March 1, 2026, the Company entered into a line of credit agreement with Independence Investors, its majority shareholder, that allows for advances up to $4 million at 4% interest, with all outstanding principal and unpaid interest due on April 30, 2027.

In March 2026, the Company received an interest payment of approximately $1.7 million under the GridCore note, as per the agreement’s terms.

Effective March 27, 2026, the Company entered into an Administrative Services Agreement (the “ASA Agreement”) with Rincon II LLC (“Rincon”), a related party, whereby Rincon will provide administrative support services to the Company at $30,000 per month plus out-of-pocket expenses. The ASA Agreement can be terminated without penalty upon 30 days’ written notice