(20) Subsequent Events (ASC 855)

The Company has evaluated events subsequent to the date of these financial statements in accordance with ASC 855, Subsequent Events.

Subsequent to March 31, 2026, the Company received a comment letter from the staff of the Securities and Exchange Commission dated April 10, 2026, relating to, among other matters, the Company’s accounting treatment of its acquisition of Peeples, Inc.

In response to the Staff’s comments and ongoing discussions, the Company is re-evaluating and adjusting, as appropriate, its accounting treatment of the Peeples transaction to reflect the transaction as an asset acquisition rather than a business combination, and expects to amend its Annual Report on Form 10-K for the year ended December 31, 2025, to reflect this change under applicable accounting guidance, including ASC 805-50, Business Combinations—Related Issues. In connection with this process, the Company is assessing the appropriate balance sheet presentation and carrying value of the assets acquired, which may differ from amounts previously reported.

Based on discussions with the Staff, the Company does not currently expect that further amendments to its Form 10 registration statement will be required; however, the Form 10 remains subject to the Staff’s review process until completion of the Staff’s review process.

The Company does not expect, as of the date of this report, to amend any Quarterly Reports on Form 10-Q for periods ended in 2025. Any Quarterly Reports on Form 10-Q for periods in 2026, including this Quarterly Report, may be amended if necessary to conform to the revised accounting treatment reflected in the amended Form 10-K.

The timing and outcome of this process are subject to completion of the Company’s evaluation and the resolution of the Staff’s review.