NOTE 20 – SUBSEQUENT EVENTS

Executive Team Transition

Effective May 1, 2026, the Board of Directors appointed Ari Olgun as Chief Financial Officer to replace Ethan Rudin, who ceased to serve as the Company's Chief Financial Officer effective April 30, 2026. The Company filed a Current Report on Form 8-K on May 6, 2026, providing additional information regarding this transition.

Ladenburg Litigation Settlement

On March 26, 2026, the Company entered into a binding settlement agreement and mutual release with Ladenburg in connection with the litigation described in Note 15, Commitments and Contingencies, to the Company's consolidated financial statements. Pursuant to the settlement agreement, the Company agreed to pay approximately $950,000. Subsequent to March 31, 2026, the Company used a portion of the restricted cash collateral securing the appeal bond to satisfy amounts due under the settlement and related obligations. Following satisfaction of the settlement and related obligations, any remaining restricted cash collateral is expected to be returned to Centre Lane Partners. As of May 7, 2026, the Company had approximately $1.0 million of restricted cash, compared to approximately $1.9 million of restricted cash as of March 31, 2026, and December 31, 2025. The decrease in restricted cash primarily reflects amounts associated with the settlement and related obligations as described above.