(16) Subsequent Events 

Management evaluated events that occurred subsequent to June 30, 2026, through August 13, 2026, which is the date the interim financial statements were issued.

On July 9, 2026, the Company’s stockholders approved an amendment to the EIP, increasing the number of shares of common stock authorized for issuance under the EIP by 625,000 shares.

Subsequent to June 30, 2026, the Company entered into several exchange agreements with Avondale to exchange a total of $1,320,000 in principal for 139,751 shares of common stock and cash payments of $600,000, thereby extinguishing that portion of the 2025 Note. See Note 7 for additional information regarding the 2025 Note.

Subsequent to June 30, 2026, the Company sold 220,476 shares of common stock under the 2025 LP Purchase Agreement, for net proceeds of $1,068,525.

Subsequent to June 30, 2026, the Company sold 271,717 shares of common stock under the 2026 ATM Agreement, for net proceeds of $1,394,179.