NOTE 17 – SUBSEQUENT EVENTS

The Company evaluated subsequent events from June 30, 2026, the date of these condensed consolidated financial statements, through August 13, 2026, the issuance date of these condensed consolidated financial statements for events requiring recognition or disclosure in the condensed consolidated financial statements.

On July 16, 2026, we executed an amendment to the AXA agreement. See Note 8.

On July 29, 2026, we entered into securities purchase agreements (each, a “Securities Purchase Agreement”) with accredited investors relating to an offering (the “Offering”) and the sale of an aggregate of 12,100 shares of newly designated Series A Preferred Stock (the “Preferred Stock”) at a purchase price of $1.0 thousand for each share of Preferred Stock. The aggregate gross proceeds to us from the Offering were $12.1 million. We expect the Offering to close upon satisfaction of customary closing conditions.

In conjunction with the execution of the Purchase Agreements, we and the Mitchell Family Trust II, who acted as the lead investor in the Offering, entered into a board observer agreement (the “Board Observer Agreement”), pursuant to which Steve Mitchell will serve as an observer to our Board. Pursuant to the Board Observer Agreement, Mr. Mitchell will be entitled to serve as a board observer for a period of two years, provided that the lead investor continues to own at least 3,000 shares of Preferred Stock.