NOTE 11 — SUBSEQUENT EVENTS

The Company evaluated subsequent events through the date these unaudited condensed consolidated financial statements were issued.

Annual Shareholder Meeting

On August 11, 2026, the Company held its 2026 Annual Meeting of Stockholders. At the meeting, the Company’s stockholders elected the Company’s nominated directors, ratified the appointment of CBIZ CPAs P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, approved the termination of the Company’s 2023 Equity Compensation Plan, and approved the Company’s 2026 Equity Compensation Plan, pursuant to which up to 7,000,000 shares of the Company’s common stock may be issued. Awards outstanding under the 2023 Equity Compensation Plan will continue to be governed by the terms of that plan until exercised, settled, forfeited or otherwise terminated in accordance with their terms.

The Company’s stockholders also approved an amendment to the Company’s Amended and Restated Certificate of Incorporation authorizing the Board of Directors, in its discretion, to effect one or more reverse stock splits of the Company’s issued and outstanding common stock at a ratio of any whole number between and including 1-for-2 and 1-for-100, provided that the aggregate of all reverse stock splits implemented pursuant to such authority does not exceed 1-for-250, and subject to the Board of Directors’ authority to abandon any such amendment. As of the date these unaudited condensed consolidated financial statements were issued, the Board of Directors has approved a 30 to 1 reverse stock split ratio, but this has not gone into effect as of yet.

Office Lease Amendment

On July 28, 2026, the Company entered into a Third Amendment to Office Lease (the “Third Amendment”) with Nutex HQ LLC (the “Landlord”), effective as of March 1, 2026, amending the Company’s existing office lease for its corporate headquarters located at 1776 Yorktown, Suite 500, Houston, Texas 77056. The Third Amendment extends the lease term for 65 months and provides for the expansion of the leased premises from approximately 3,623 rentable square feet to approximately 4,527 rentable square feet through the addition of approximately 904 rentable square feet, with the expansion space becoming subject to the lease upon its applicable commencement date. The Company’s initial monthly base rent for the existing premises is approximately $5,000 and, following commencement of the expansion space, monthly base rent for the combined premises will range from approximately $5,000 to $6,000 over the lease term, subject to annual increases. The Third Amendment also provides for a five-month conditional abatement of base rent following commencement of the expansion space, subject to the Company’s compliance with the lease terms, and requires the Company to pay its proportionate share of operating expenses and real property taxes. In addition, the Company has one option to extend the lease for an additional five-year term at the then-prevailing market rental rate.

The Company expects to account for the Third Amendment as a lease modification in the third quarter of 2026 in accordance with ASC 842.