| Subsequent Events |
Note 18
- Subsequent Events
The
Company has evaluated subsequent events through May 13, 2026. The following events occurred after the three months ended March 31, 2026:
| ● | On
April 13, 2026, the Company issued to its Chief Executive Officer, Steven Rossi, 88,214
shares of the Company’s common stock, par value $0.001
per share at a deemed price of $0.8502
per share, representing the closing price of the Company’s Common Stock on the Nasdaq Capital Market on April 10, 2026, for an
aggregate value of $75,000. The shares were issued in satisfaction of previously accrued and unpaid
bonus compensation owed to Mr. Steven Rossi and were approved by the Company’s Board of Directors. |
| ● | On
April 20, 2026, the Company announced the official commercial launch and commencement of
sales for the NEXUS Tonneau Cover. Production began on April 13, 2026. |
| | ● | On April 29, 2026, the Company announced that it secured Tri-State Enterprises,
Inc. (“Tri-State”) as a new cross-regional distribution partner for the Company’s growing tonneau cover lineup, including
the Company’s recently launched NEXUS cover. |
| | ● | On
April 30, 2026, Michael Johnston resigned as the Company’s Chief Financial Officer,
Principal Financial Officer and Principal Accounting Officer, effective April 30, 2026. Mr.
Johnston’s resignation was not the result of any disagreement with the Company regarding
its operations, policies or practices, including any matters relating to the Company’s
accounting practices or financial reporting.
|
| | ● | On
April 30, 2026, the Company’s Board of Directors appointed Jennifer Kartychak as the
Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting
Officer, effective May 1, 2026. Ms. Kartychak has served as the Company’s Vice President
of Finance since January 1, 2026. Prior thereto, beginning in August 2023, Ms. Kartychak
provided consulting services to the Company through Arend Advisory Group LLC, an entity wholly
owned by Ms. Kartychak.
|
| | ● | Through May 13, 2026, the Company sold and issued 606,069 of common stock in consideration for net proceeds of $623,124 under
the ATM Agreement. |
|