Note 9 - Subsequent Events

Management evaluated subsequent events through August 14, 2026, the date on which these unaudited condensed consolidated financial statements were available to be issued.

On August 5, 2026, the Labrys Fund II, L.P. convertible promissory note reached its stated maturity. The outstanding principal, accrued interest and other amounts due under the note remained unpaid, and the Event of Default described in Note 6 remained uncured.

On August 7, 2026, Labrys agreed that, in consideration of a $1,000 payment by the Company, it would forbear from exercising its conversion rights under the note for 90 days commencing upon receipt of the payment. Labrys received the $1,000 payment on August 13, 2026, and the conversion-forbearance period commenced on that date and expires on November 11, 2026. The $1,000 payment constituted consideration for the forbearance and did not reduce the outstanding principal balance.

The forbearance is limited to the exercise of conversion rights and does not cure the existing Event of Default, extend the note's stated maturity date, suspend the accrual of contractual default interest or otherwise modify the amounts payable under the note.

No other subsequent event requiring recognition or disclosure was identified.