Note 12 – Promissory Note

On June 15, 2026, the Company issued a promissory note to YA II PN, Ltd. with an aggregate principal amount of $6,000,000 and a warrant to purchase up to 2,158,274 shares of common stock of the Company, par value $0.00033 per share, at an exercise price of $1.1824 per share, subject to adjustments, for gross proceeds of $5.76 million. The promissory note bears interest at 10% per annum and matures on June 15, 2027.

For the three and six months ended June 30, 2026, the Company recognized interest expense of $26,667.  For the three and six months ended June 30, 2026 the Company amortized zero of the debt discount, and as of June 30, 2026, had a remaining debt discount balance of $1,677,500.