18. SUBSEQUENT EVENTS

The Company has evaluated subsequent events through August 19, 2026, the date these unaudited condensed consolidated financial statements were available to be issued, and identified the following matters requiring disclosure.

Issuance of Common Stock

Between July 1, 2026 and July 8, 2026, the Company issued an aggregate of 1,088,503 shares of common stock pursuant to its at-the-market offering program for net proceeds of $7,316,687. Following these issuances, the Company had 130,383,799 shares of common stock issued and outstanding immediately prior to the Reverse Stock Split described below, equivalent to approximately 1,303,838 shares on a post-Reverse Stock Split-adjusted basis, before giving effect to the rounding of fractional shares at the participant level. All share amounts in this Note are presented on a post-Reverse Stock Split basis.

Reverse Stock Split

On July 9, 2026, the Company filed a Certificate of Amendment to its Certificate of Incorporation to effect a one-for-one hundred (1-for-100) reverse stock split of its issued and outstanding common stock, which became effective at 12:01 a.m., Eastern Time, on July 13, 2026. As a result of the Reverse Stock Split, the Company’s 130,383,799 shares of common stock issued and outstanding immediately prior to the Reverse Stock Split were combined into approximately 1,303,879 shares; fractional shares were rounded up to the next whole share at the participant level, resulting in 1,303,879 shares of common stock issued immediately following the Reverse Stock Split. See Note 1 — Nature of Operations.

Subsequent to the Reverse Stock Split, the Company issued an additional 32 shares of common stock. As of August 19, 2026, the Company had 1,303,911 shares of common stock issued, of which 54 shares were held as treasury stock, resulting in 1,303,857 shares of common stock outstanding.