22. SUBSEQUENT EVENTS

On February 10, 2026, the Company effected a 1-for-50 reverse stock split of its common stock (par value $0.0001 per share). For the pre-reverse stock split shares of the Company’s common stock not evenly divisible by 50 are entitled the number of shares rounded up to the nearest whole share. The Company will issue share of the Post-Reverse Stock Split Common Stock to any stockholder who would have received a fractional share as a result of the Reverse Stock Split. The reverse stock split was approved by the Company’s board of directors on January 8, 2026 and shareholders on January 30, 2026.

In accordance with U.S. GAAP, all share and per-share amounts presented in these financial statements for the years ended December 31, 2024 and 2025 (including shares outstanding, issuances, weighted-average shares for earnings per share, and related disclosures) have been retroactively restated to reflect the reverse stock split as if it had occurred at the beginning of the earliest period presented.