NOTE 16. SUBSEQUENT EVENTS 

Reverse Stock Split

On July 20, 2026, the Company effected a the Reverse Stock Split, pursuant to authority granted by shareholders on June 4, 2026, and  the Board of Directors on May 19, 2026, with the 1-for-3 ratio approved by management pursuant to such authority. Articles of Amendment to amend the Company’s Restated Articles of Incorporation effecting the Reverse Stock Split were filed with the Florida Secretary of State on July 17, 2026, effective July 20, 2026. Reference Note 9 – Shareholders’ Equity for more details.

Amendment to Convertible Promissory Notes

On August 12, 2026, the Company entered into an Omnibus Amendment to Convertible Promissory Notes (the “Amendment”) with the holders of the 2023 Notes. The Amendment amended the fixed conversion price of the 2023 Notes from $3.75 to $1.50 per share, subject to adjustment in accordance with the terms of the 2023 Notes and as adjusted for the Reverse Stock Split.  Except as expressly amended by the Amendment, the terms and provisions of the 2023 Notes remain in full force and effect.