NOTE 10 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events that occurred after March 31, 2026 through May 14, 2026, the date of these consolidated financial statements were available to be issued, and noted no additional events requiring recognition for disclosure, except as identified below.

On April 7, 2026, the Company entered into an Equity Certificates Subscription Agreement (the “Subscription Agreement”) with VERSO Capital 2 SCSP (“Verso”) to subscribe for 8,347 equity certificates (the “Certificates”) in Verso for an aggregate subscription price equal to $5,250,000, which included a five percent subscription fee equal to $250,000. The applicable management fee and performance fee were each waived.

The Certificates are issued by Verso and track shares of SpaceX preferred stock, which are held by a captable fund, with each Certificate corresponding to one share of SpaceX preferred stock. The Certificates are redeemable by Verso, in its sole discretion in cash or in kind, upon one or more Redemption Events (as defined in the Subscription Agreement).

In April and May 2026, the Company sold an aggregate of 747,156 shares of common stock under the 2025 ATM Sales Agreement for gross proceeds of approximately $5.7 million, before deducting placement agent’s fees and other estimated offering expenses payable by the Company of approximately $172,000.

In May 2026, the Company exercised its purchase option on the aircraft under its existing operating lease arrangement for approximately $3.3 million. Accordingly, the existing operating lease has been terminated, and maintenance deposit reserves will be returned to the Company. Simultaneously with the purchase option exercise, the Company entered into an agreement to sell the aircraft for gross proceeds of approximately $3.5 million. The Company received net proceeds of approximately $107,000 from the transaction.