Note 17 - Subsequent Events

The Company has evaluated events and transactions occurring after June 30, 2026, through the date these financial statements were issued, and has identified the following matters requiring disclosure. Unless otherwise noted, these are non-recognized subsequent events under ASC 855-10 that do not adjust amounts in the June 30, 2026, financial statements but are material enough to warrant disclosure.

Compensation Arrangements

In July 2026, the Board approved a Retention Plan covering certain named executive officers and directors. The plan provides cash retention payments upon a change in control and enhanced compensation during periods of insolvency, subject to continued service and other plan conditions. The aggregate potential payments to the named executive officers are approximately $1.0 million upon a change in control (plus related COBRA benefits) and approximately $0.4 million annually in additional compensation during an insolvency period.