Note 2. Going Concern and Management’s Plans

The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of June 30, 2026, the Company had incurred significant operating losses since inception and continues to generate losses from operations. For the three and six months ended June 30, 2026, the Company had a net loss of $2,773 and $2,955, respectively and cash used in operating activities of $531 for the six months ended June 30, 2026. As of June 30, 2026, the Company had an accumulated deficit of $429,692, cash and cash equivalents of $232, and a working capital deficit of $461.

Since January 2023, the Company has secured $2,975 in working capital through the issuance of a convertible note, the sale of equity and warrants, proceeds from the sale of assets and related party notes. In addition, management has made modifications to simplify our capital structure, reduce our payables and eliminate our long-term debt to provide additional financial and strategic flexibility. The Company will require additional funding to grow its operations. Management intends to continue raising capital through debt and equity as opportunities arise to meet our on-going working capital needs. Further, depending upon operational profitability, the Company may also need to raise additional funding for ongoing working capital purposes. There can be no assurance, however, that the Company will be able to raise additional capital as and when needed, or at terms deemed acceptable, if at all.

Following the cessation of its digital-asset mining operations in March 2025 and the sale of its LaFayette, Georgia facility in May 2025, the Company currently does not have any active revenue-generating operations. In addition, there have been management changes and the Company will require additional funding to re-establish and grow its operations. The Company has addressed this by raising $975 in its equity offerings in December 2025 and the six months ended June 30, 2026. The Company recognizes that it will need to raise additional capital and has initiated an additional equity offering with remaining capacity of $225 that it has undertaken to support near-term working capital needs while it is continuing its strategic and operational review. While new leadership is overseeing strategic and financing initiatives, there can be no assurance that the Company will be able to raise additional capital when needed to support these efforts, or at terms deemed acceptable, if at all.

Such factors raise substantial doubt about the Company’s ability to sustain operations for at least one year from the issuance of these unaudited condensed financial statements. The accompanying unaudited condensed financial statements do not include any adjustments related to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.